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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Travis_Bickle who wrote (280834)10/4/2010 7:28:22 PM
From: Broken_ClockRead Replies (3) | Respond to of 306849
 
Alert!

On topic!

had my first canceled REO sale today.

was supposed to close last friday but SHTF.... as posted on this thread etc.

Service companies are pulling back in a wave of cancellations on REO sales. Between the escrow companies, banks and servicers all pointing at each other ..it's turning into a circle jerk.

Rumblings of retroactively rescinding closed sales are circulating in the legal community....

Now the attys are gonna get their stimulus. -g-