Lender Cancels Foreclosure For
September 3, 2010 by man
Filed under Foreclosures Chandler AZ
One more Forgettable Friday is upon us. Today, we are joined by Trent Chapman, Short Sale Mastermind. He has got a forgettable story for us today.
Trent had a short sale package that went to foreclosure. This happened because Trent’s office forgot to phone the trustee to make certain that the foreclosure had been deferred. This did not take place. So the home went to foreclosure.
However, Trent was able to withdraw this foreclosure. merely to make sure that you heard right, the lender pulled the residence from foreclosure and gave it back to the home owners. Trent had to go to the servicer and had a written email in which the servicer had said that the lender postponed the foreclosure sale.
I think that we can safely say that lenders do not want to foreclose on properties. If they are rescinding foreclosures, clearly they don’t want to foreclose on a residence. The regular foreclosure takes ten months to close. Keep in mind that the lender always gets more wealth with a short sale than with a foreclosure sale. Kevin and Fred have also had a foreclosure cancelled. This is merely one more reason that the banks do not want to foreclose.
Additionally, we have a innovative idea for all of our listeners. We would like YOU to be on short sale power hour. We want you to share your stories of outrageous short sale problems and deals. The only criteria is that you need to do the opening and you need to do the closing. If you don’t do the clapping and chanting, we simply can not make use of your video. So, get those video submissions in to us today! This is your chance to be on the world famous Short Sale Power Hour program! Everyone has a outrageous narrative. We want you to communicate your ridiculous story with us!
Get powered up by Kevin and Fred at Short Sale Power Hour by the Short Sale Specialists of Arizona
