Agent2Agent in Alpharetta>Question Details

Barbara Mart…, Real Estate Pro in Alpharetta, GA

Does anyone know if short sales are going to be affected by the lawsuit filed last Thursday against the banks from Freddie Mac?

Asked by Barbara Martin Realtor, Alpharetta, GA Thu Mar 21, 2013

Freddie Mac filed a lawsuit against over a dozen banks for a 1 trillion dollar loss for fraudulently manipulating the Libor index. This is probably the biggest news in my career that can be a real game changer. FDIC is also getting charged with covering up consumer complaints by keeping information out of the press and court rooms. No Disclosure this way to public. This is interesting so if you need to sell on short sale, now is the time. Homes get sold very fast too so get your money to move while you can. Call today if you are a home owner that needs a fresh start.

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If you have been following the underground news or Huffington post you would have seens that these banks have been secretly settling up with the goverment as always as to keep their names out of the public eye. I do belive they will do it again for about $5B same as they did with DOJ.
1 vote Thank Flag Link Thu Mar 21, 2013
I understand that you are kind of asking a question, but since this a subject to be discussed and opinions exchange amongst Realtors, it would be better placed in the blog section of Trulia, as here
Realtors expect to answer questions and concerns of the buying and selling public...

Interesting subject therefore, copy it and place it into the blog section.
Have a great day... and happy selling.
Good Luck to you

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0 votes Thank Flag Link Fri Mar 22, 2013
Thanks for posting that piece of news. There's so much game playing between the banks and the government and the public is getting the short end of the deal.

I agree that now is a great time to short sell, as prices are rising and good deals are going fast. Investors are stronger than ever and loaded with cash, while owner/occupants are increasing in the better parts of the market.

Getting the "monkey off your back" on a home you are hopelessly upside down in, with a ton of deferred maintenance needed, will give you a new lease on life and put a smile on your face.

Kathy

Katherine L. Morrison, CRS
Realtor/Owner
Team Realty Group
404-697-4626 (direct)
kathy@chipandkathy.com
0 votes Thank Flag Link Fri Mar 22, 2013
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