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 â€œsayâ€ 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 cheapâ€¦ 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 donâ€™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.