When you are negotiating a short sale or note purchase through the bank on a defaulted property it’s easy to overlook the possibility of a mortgage judgment being filed against the homeowner after the sale. It can be common practice for a bank to file a judgment against homeowners fro the remainder of a [...]

It is an enormous frustration to investors doing short sales that the lenders take months to make a decision and just don’t seem to care. The homeowner stuck in the middle gets frustrated because he doesn’t know how soon he will be required to move or worse, be evicted from his former home. In fact, [...]