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Old 06-24-2012, 10:04 PM
 
Location: San Antonio Texas
11,431 posts, read 19,003,195 times
Reputation: 5224

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My friend (really my friend, not Me) did not pay on her home for over a year. And then one day, she announced on facebook that she needed to move that weekend, a holiday weekend. So, I don't think that it was planned. then, she is living in another home on Facebook page. How would she be able to get into another home? wouldn't her credit (I assume that it's poor) preclude her from getting into another home so soon?
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Old 06-24-2012, 10:22 PM
 
Location: NJ
17,573 posts, read 46,149,725 times
Reputation: 16279
You don't think all people that get foreclosed are homeless, do you? You can rent, stay with a friend, buy before you bail.
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Old 07-05-2012, 07:39 PM
 
Location: Bay Area
1,790 posts, read 2,927,316 times
Reputation: 1277
buy before you bail is tough. my realtor friend called it fraud. i don't know legally, but the banks are watching that closely.
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Old 07-05-2012, 10:09 PM
 
Location: Rural Michigan
6,341 posts, read 14,689,197 times
Reputation: 10550
Quote:
Originally Posted by 5thgenSF View Post
buy before you bail is tough. my realtor friend called it fraud. i don't know legally, but the banks are watching that closely.
The banks aren't watching anything except their fee income.

If your realtor friend isn't seeing shady deals, insider trading & widespread fraud in short-sales, he / she isn't looking very hard.
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Old 07-05-2012, 10:24 PM
 
Location: Bay Area
1,790 posts, read 2,927,316 times
Reputation: 1277
Quote:
Originally Posted by Zippyman View Post
The banks aren't watching anything except their fee income.

If your realtor friend isn't seeing shady deals, insider trading & widespread fraud in short-sales, he / she isn't looking very hard.
i guess she isn't. i was asking her a few things and she mentioned the fraud that she found out about from a client that was trying to buy another home through her. maybe she is just one of the few ethical realtors? she's been really sick so i know she hasn't been selling anything lately. and for a long while she was trying to do short sales with BofA but she finally concluded that they were never approved.
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Old 07-06-2012, 10:19 AM
 
Location: DFW
12,229 posts, read 21,508,945 times
Reputation: 33267
Quote:
Originally Posted by 5thgenSF View Post
buy before you bail is tough. my realtor friend called it fraud. i don't know legally, but the banks are watching that closely.
It most certainly is fraud.

https://www.efanniemae.com/utility/l...audschchar.pdf

Buy and Bail is on page 3.
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Old 07-07-2012, 05:38 AM
 
8,574 posts, read 12,414,714 times
Reputation: 16533
Another example of why people shouldn't use Facebook.
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Old 07-07-2012, 01:09 PM
 
Location: Bay Area
1,790 posts, read 2,927,316 times
Reputation: 1277
Quote:
Originally Posted by jackmichigan View Post
Another example of why people shouldn't use Facebook.
she could easily just be renting. i have a friend in lodi that said her neighbor was foreclosed. and then she thought he bought the same house back for a fraction of the former price. not legally, unless the home was in some other name. or she could have found an owner carry. easy to do where i am now.
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