Big Banks Accused of Short Sale Fraud - CNBC
- By: SoCalRealtor
- On: 01/16/2010 17:29:43
- In: Foreclosures, Short Sales & Bank Owned Properties
So you think the deck is stacked against you? Well sadly, you are right. Read about how the big banks keep taking, taking and taking.
Click to read the entire story Big Banks Accused of Short Sale Fraud - CNBC. The short of it is that the junior lien holders, including Chase and Bank of America, when applicable, are holding up short sales and requesting cash from the buyers that is addition to the agreed-upon purchase amount.
