With all of the Short Sales we do here in Rancho Palos Verdes and surrounding cities, it is amazing to see the levels of fraud within the mortgage systems of banks. Short Sales require having all of your documentation in order and complete. The same is not true on the bank’s side when they foreclose on home owners. This 60 minutes video is a must see for anyone going through the frustrating foreclosure process.
With all of the Short Sales we do here in Rancho Palos Verdes and surrounding cities, it is amazing to see the levels of fraud within the mortgage systems of banks. Short Sales require having all of your documentation in order and complete. The same is not true on the bank’s side when they foreclose on home owners. This 60 minutes video is a must see for anyone going through the frustrating foreclosure process.
“It was just a matter of cutting corners,” Sheila Bair, chair of the Federal Deposit Insurance Corporation, tells CBS’ Scott Pelley.
About the Author
Lee Williams
Top South Bay real estate agent with Keller Williams Realty. Visit http://LosAngelesSouthBay.com
for real estate market details.
