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Short Sale Homework
I have decided to explore and research (not necessarily pursue, mind you) short sale possibilities, just to see what the current landscape is like and if I would ever even qualify for such a thing. I...
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Inaugural Default Day, Short Sale Offer
Six years after purchasing my condo and three weeks after listing it, I have a short sale offer… for $188,000 less than what I paid for it. Houses on my dad’s street in devastated Michigan are selling...
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Short Sale Surprises
These days, the short sale process feels like the time before my wedding. When I got engaged, a few people said “People will surprise you. You’ll be surprised at who comes and who doesn’t. You’ll be...
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The Long of the Short Sale
So much and so little is happening in Short Sale Land. It’s difficult to summarize, as nothing is even thematically clustered, so perhaps I’ll just list it all. The real estate contract (with the...
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Two Kinds of Wilderness
Before I lived in California, I vacationed in California. I still vacation in California but now do so nearly for free: If there’s a vacation less expensive than wilderness backpacking, I don’t know...
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Desperately Seeking Seterus
According to a letter I received from BOA about a month ago, Seterus is servicing my in-default mortgage loan as of Oct. 1, 2012. Not that we would know. It is Oct. 12 and I have not received any other...
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Quick Short Sale Update
Just a quick short sale update today, since it’s been a while. Background: A couple of months ago, I had a bank-approved short sale and a closing date scheduled. About a week before closing, Bank of...
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Left Hand, Meet Right Hand
If I’ve learned anything from the short sale process, it is that one hand does not know what the other is doing, even within the same company. One part of Bank of America sold my loan to Seterus when...
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Free at last, free at last.
My realtor just called to say “You are no longer the owner of a condo in Chicago.” As of today, it’s over. After six years and many tens of thousands of dollars in mortgage, property tax and HOA...
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