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Use Of Short Sale Promissory Notes To Squeeze Underwater Home Sellers Gaining In Popularity With Lenders?

By r morris

In Seattle, Washington, the Puget Sound Business Journal reports:When her Edmonds condo went on the market, Mindy Moore thought she had managed to avoid foreclosure. Moore listed the home in Edmonds for about $30,000 less than she owed on the mortgage. She thought the ?short sale? agreement signed with the bank meant the bank would absorb the loss. Then she discovered that her lender, Bank of

Full post as published by The Home Equity Theft Reporter on July 01, 2009 (boomark / email).