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Home Selling in 08033 : Real Estate Advice

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Activity 2
Wed Jan 7, 2015
Jill Palacki asked:
The 2015 housing market expectations are high!
Existing-home sales are predicted to rise to about 7.4 %
Median home prices to rise 4%.
New home Sales expected to jump up to 37%.
Rentals…
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Sun Dec 13, 2009
John Sacktig answered:
Hi Aja -

Please clarify for me.. are you talking about a short sale... or one of these guys that presented you with a "give me power of attorney" and you have no more worries... "Investment guys" They call that a quick sale.

There are some people out there that have taken a course on how to finagle people that are in trouble into signing over power of attorney to them and they “say” they will buy the house and take care of your mortgage.
I have run into a few.. Unlicensed individuals that actually have gotten some people in adult communities to sign over the right to sell the house.. These guys then list the house cheap… get an offer and try to get the bank to take even less.. pocketing the difference. These people tell you they are investors and you don’t have to worry about your mortgage any longer.. in the mean time.. they try to sell the house before foreclosure.. if they do not sell the home they walk away.. And you get stuck with the problem.

Be careful.
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