I bet my experience with short sale is not unique and uncommon. I thought I would share with you to raise some awareness…

I executed an offer with the owners of the house at 575 Bay Point Road. I represent the buyer in this transaction and we offered full price. The bank took 30 days to approve the sale and when they did, the seller changed his mind and decided to file for bankruptcy!!!

Can you imagine?! these people and many others, took these loans that they can’t afford and when they had the opportunity to get out in a dignity they found another angle to cheat the system! the worse part is that once they declare bankruptcy, they get to live in the house for free for another year or so and there is nothing anyone can do about that… No wonder why the banks are not lending. There are so many people taking advantage of this fiasco that no one can differentiate between the real victims and the thieves… who pays the price?

WE ALL DO.