BREAKING NEWS: States AG Settlement.
It appears the whole robo-signer, foreclosure fraud mess is finally coming to an end…
….or is it.
This much lauded settlement will have virtually no impact on the housing market let alone the overall economy. What this suit will result in is MORE foreclosures. (not less) Why? Because in many parts of the US the foreclosure process has been slowed (or completely stopped) as the banks worked through this litigation.
Remember all of those stories of owners living payment free….well, their free rides are coming to an end. As an agent, its crucial that you let these folks know that if they don’t short sale their home with you they may leave themselves with no other option than a foreclosure.
Also, its important that you understand the scope of the problem still ahead for housing:
* 4,000,000 have already lost their homes
Blog Archive2017-01-02 11:10:21
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