Bank of America Pushing Short Sales in their "Test" in Florida…Offering up to $20,000 Bounty
This breaking news from DS News… Bank of America is “testing” a short sale “test and learn” program in Florida with payments up to $20,000 to the succesful sale of a property sold via the Bank of America Short Sale program payable to the seller at close of sale…great news! Bank of America Launches ‘Test-and-Learn’ Short Sale Program in Florida By: Carrie Bay 10/11/2011 Bank of America has begun a pilot program in Florida offering extra incentive payouts to distressed homeowners who agree to and successfully close on a short...
Read MoreFTC is Sending Checks to Over 450,000 Countrywide Clients…Are you Getting Yours?
The FTC is sending out 450.000+ checks for a whopping $240…yes…$240. The FTC is mailing out 450,177 checks worth nearly $108 million to homeowners who were allegedly overcharged by former mortgage giant Countrywide. Unfortunately, that means the average check an overcharged homeowner will receive is a paltry $240, though some will get checks worth as much as several thousand dollars. Apparently homeowners behind on mortgage payments were charged excessive fees for services such as property inspections and lawn mowing, meant to protect the mortgage...
Read MoreSecond Lien Holders Causing Problems at Close…WSJ Thanks For Finally Recognizing!
This has been a serious issue since the Short Sale boom hit in 2007. It’s great to see that we…the Real Estate Agents in “the trenches” are getting some exposure on this very difficult situation that only hurts the seller and the buyer of these distressed homes. The second lien holders have such a cavalier attitude that it makes you want to slap them upside the head and ask…WHY? Why would you let this home go to foreclosure and get nothing? States allow the 2nd lien holders to pursue defaulters like this man in this story to pursue them for up to 4 years...
Read MoreFBI Raids Hedge Funds…"Steal A Little And They Throw You In Jail, Steal A Lot And They Make You King"
This is breaking news from Huffington Post… This only affirms what we, Kim and I have been “preaching” for the last 2 years… The greedy “B?+%&@^*!” from BofA…Ken Lewis (just retried with a $100Million Platinum Parachute) These are the real thieves…may they burn in hell!…Wow…do I get passionate about these thieves, cheats and scoundrels! This is a Must Read! (Reuters) – The FBI raided three hedge funds in connection with a widening probe into insider trading, the Wall Street Journal said on Monday. Diamondback Capital...
Read MoreFraud is Rampant at the Big 4…Mr. Obama…Shut Down the Big 4 Banks
Wow…I’m gonna catch flack on this one…however…my armor is suited and I’m prepared for battle. I am prepared to take on even the largest of foes…Top CEO’s, Senior VP’s….bring it on! We as Americans, must unite and place demands on President Obama to shut down the top 4 banks in these United States. Bank of America JP Morgan Chase Wells Fargo/Wachovia Citibank You’re thinking this guy has lost it…you can’t do that…we’d fail as a country. Actually…if we don’t shut down the banks…we will fail...
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