The specific damages a foreclosed homeowner might ask to be compensated for by their lender after a rejected short sale
By Gitta Sells and Associates, Where home sellers and buyers always come first.
(Gitta Sells & Associates at Keller Williams Heritage Realty)
Windermere, FL - I am following up on a question from Arman. His loan was owned by Fannie Mae and the company handling the loan for Fannie Mae was rejecting an excellent short sale offer for no reason. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. When you get in front of a jury and show how this company’s negligence caused Fannie Mae to lose $15,000 (what I project they will lose) and that it hurt him as well, the jury will award damages in a heartbeat. Here are some of the damages a foreclosed homeowner might be able to ask for. Credit Damage. A foreclosure is much more damaging long term to your credit than a short sale. For the next 7 years they will have to answer yes to the standard question that is on most credit applications: "H...
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