Wells Fargo Bank has a lot of foreclosure business and is still going strong.  I have a bank account with them and they own one of my rental properties (I say one, but right now, I only have ONE). BUT I'm not in foreclosure, so that is great!  I just finished a long, drawn out short sale with WFB and it would have been shorter had we not changed buyers 4 times and then the last buyer wanted to change the price at the last minute, which made the bank have to go back to decide yes or no.  They ...
Continue reading ...

It's been a long road down the not-so-crimson pathway in short sale land.  Here's a familiar rant about what is happening - and it isn't even all about the banks (it's the buyers and sellers, too).

1.  I have a short sale listing - but the sale is going down the tubes.  Both 1st and 2nd Banks OK'd the sale, BUT.  The BUT is they (Nationstar) want to close in 10 days.  Why they won't budge, I don't know.  The seller is unhappy, thinks we aren't working h...

Continue reading ...