Category: Short Sale Info

Funds Paid “Outside of Closing” Still Belong on the Closing Statement-HUD1

Hi folks. I’ve been having a discussion over at on whether or not having the Buyer of a Short Sale pay off part of a junior lien “outside of closing” without disclosing to the 1st lien holder and without placing the payment as a P.O.C. (paid out of closing) item on the HUD is […]

GMAC Short Sale Verbiage is Stealing MY Money!

Hi Folks. Richard Zaretsky wrote apost earlier this week titled SHORT SALE MARKET EVOLUTION – GMAC SOLUTION TO FALSE BUYERS  If you haven’t read it pop over and do so. Richard’s post spawned an article by Bill J Archambault titled Successful REALTOR Or Failed Social Reformer. Bill’s post got me thinking about this one. Funny […]