The Response To Freddie Mac – Instant Webinar Replay Access - Short Sale Fundamentals
 
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21
Apr

The Response To Freddie Mac – Instant Webinar Replay Access

We had such a HUGE response to the webinar with Attorney Ron Ballard last night that we decided to give everyone a second chance to get in on the action.

That’s right. You can watch a replay of the Webinar RIGHT NOW just by clicking below:

http://www.shortsalefundamentals.com/pages/freddiemac

In case any of you haven’t heard the news, Freddie Mac published an incredibly controversial article on their website which generated a LOT of buzz online.  They basically put the Short Sale industry in a very negative light with little to no justification for their comments.

I’m sure you’ve already seen it, but it’s worth a read – here is the original Freddie Mac article: http://www.freddiemac.com/singlefamily/news/2010/0412_payoff_fraud.html?attr=EMC-SFNCAEFTSPF

The article was misleading for lots of reasons and most of our commenters agreed.

An example I gave the other day was that if someone’s house was worth $80,000 and he owed $100,000, if he were to short sell it for $70,000 and then the investor turned around and sells the house for $95,000, as long as a a full disclosure was made this COULD not be called illegal in any way. The lower $80K value up there is the distressed property value. The true value of the house is much higher!! Also note that the bank could never have got that $95K offer on their own.

To hear everything that we talked about last night, watch a replay of the Webinar RIGHT NOW just by clicking below:
http://www.shortsalefundamentals.com/pages/freddiemac

Spread the word and make sure the short sale stays at the forefront of the housing recovery.

  • http://www.shortsaleology.com Cory Boatright

    This was a great interview with Ron. Thanks Ron!

  • yankeespringer

    The above example fits perfectly into an example that FHA recently gave when it relaxed the 90 day seasoning rule. They allowed up to a 20% profit. A $95k sale of an $80k acquisition fits under that 20% profit rule. So why does one branch of the government applaud the use of short sales as a way t0 allieviate the stress of bank owned, foreclosed or preforeclosed properties, yet the other deems it illegal? Sounds like someone has their gyroscopes out of whack……



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