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Posted by steele in minnesota on October 23, 2006 at 15:50:51:
In Reply to: Re: Foreclosure in AL posted by Joe on October 23, 2006 at 08:52:40:
: Nick,
Thanks for the reply. One thing that I've found is that AL is a non-judicial foreclosure state (judicial foreclosures are rare). One bad thing about this is that the foreclosure procedure is extremely fast (40-60 days). I've written out a hardship letter to the lender and am about to overnight it. Furthermore, I've spoken to a foreclosure prevention company that is going to assist in my short sale. Is it normal to have appoint them as Land Trustee's? This was expressed to me last evening by the gentleman working on my short sale and I was a bit skeptical.
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Have recently seen several of these "shortsale companies" that want this as a condition of helping. I am sure that they have a good reason for wanting this. But my question is who does it best serve? Them or you?
I work with several real estate agents locally that do a lot of shortsales and they do nothing of the sort. They actually market the house. They don't buy their clients properties. Blatant conflict of interest.
Is this company going to buy your house after proposing a shortsale?
More details please.
Steele V. Propp
Foreclosure Specialist
Schatz Group GMAC Real Estate
Minneapolis, MN
steelep@aol.com
