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Originally Posted by MODE ROGUE
Oh, and stop saying you’ve provided “facts.” Citing your personal email exchanges and presenting them as “facts” is embarrassing.
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You have to try to throw a final jab out there. You specifically said, "there is no way a bank in the United States would lend with a bankruptcy." I am at home and said I can't pull out the file for all details. The best I could do right now is get into my email and paste the reply. Do you really think that wasn't a legit email?
Each of those scenarios are true and I can provide more evidence, so yes, they are FACTS.
To get back on track, you are right that there is no solution to the problem right now. We also have multiple households with negative equity here as well. I used to think that lending standards for a customer post-foreclosure should be really strict, but there are so many people that have been foreclosed on that the housing market would be hard hit even more in the coming years.
The whole industry has become far too sales oriented. I can't remember how many orders we've had that realtors, mortgage brokers, and lenders try to "push" through when there are clearly issues dealing with the ability to be insured. Realtors and brokers could car less about defects in chain of title, judgments on buyers, tax issues, etc. It's all about selling. The lack of knowledge with some lenders and realtors I've dealt with is ridiculous as well. If you can sell without knowing the "ins and outs" of real estate, it doesn't matter. Because after all, you are selling.