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January 2012 Blog Posts (1)

Beware of Bank Preservation Company

Last May, 2011 Sellers had their houses listed for sale with several pending offers for a short sale consideration by the bank.  The bank told the Sellers to price it at 83K then the offers came pouring in and the bank tells the Sellers to counter all offers at 87,5K which upset some of the buyers.  One buyer agreed to the terms, Seller and Buyer believe they are under contract.  The bank then calls the Sellers and says you are now in foreclosure and we have re-keyed your property.  The…

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Added by Mary Lynn Heinen on January 7, 2012 at 1:27pm — No Comments

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