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  • Townhouse For Sale... But With A Catch

    Загружено:

    DinSFLA
    185 просмотров1 страница
    http://stopforeclosurefraud.com Listen up Real Estate agents as you are well too familiar with this tale. Previously I wrote a post ARE FORECLOSURE MILLS Coercing Buyers for BANK OWNED homes? ARE ALL THE MILLS? and just today I received another example of these foreclosure mills working hand in hand as title companies demanding you use their off or else get NO CONTRACT. Here is the example of this agent from Coldwell Banker who clearly states "FannieMaeHomePath-Purchase this property for as little as 3% down. This property approved for HomePath Mortgage Financing. Approved for HomePath Renovation Mortgage Financing. Large 3 bedroom unit with two full baths. 2nd floor master suite has hardwood floors and a huge closet. Upgraded kitchen has granite countertops and cherry wood cabinets. Laundry Room. Fenced yard for added privacy." "REO Addendum not furnished until acceptance-See IMPORTANT attachments & Follow**Use FAR9 Contract-No Calls Please- EMAIL only: UNIT HAS NO APPLIANCES." Well here's the catch, I got a sneak peek...read the last few sentences to discover the major RESPA VIOLATION among other serious issues. I am sure Coldwell Banker would be estatic to see agents working in this fashion as well as Fannie Mae having their addendum crossed out in certain areas.

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    Townhouse for Sale...but With a Catch

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    http://stopforeclosurefraud.com Listen up Real Estate agents as you are well too familiar with this tale. Previously I wrote a post ARE FORECLOSURE MILLS Coercing Buyers for BANK OWNED homes? ARE ALL THE MILLS? and just today I received another example of these foreclosure mills working hand in hand as title companies demanding you use their off or else get NO CONTRACT. Here is the example of this agent from Coldwell Banker who clearly states "FannieMaeHomePath-Purchase this property for as little as 3% down. This property approved for HomePath Mortgage Financing. Approved for HomePath Renovation Mortgage Financing. Large 3 bedroom unit with two full baths. 2nd floor master suite has hardwood floors and a huge closet. Upgraded kitchen has granite countertops and cherry wood cabinets. Laundry Room. Fenced yard for added privacy." "REO Addendum not furnished until acceptance-See IMPORTANT attachments & Follow**Use FAR9 Contract-No Calls Please- EMAIL only: UNIT HAS NO APPLIANCES." Well here's the catch, I got a sneak peek...read the last few sentences to discover the major RESPA VIOLATION among other serious issues. I am sure Coldwell Banker would be estatic to see agents working in this fashion as well as Fannie Mae having their addendum crossed out in certain areas.

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    185 просмотров1 страница

    Townhouse For Sale... But With A Catch

    Загружено:

    DinSFLA
    http://stopforeclosurefraud.com Listen up Real Estate agents as you are well too familiar with this tale. Previously I wrote a post ARE FORECLOSURE MILLS Coercing Buyers for BANK OWNED homes? ARE ALL THE MILLS? and just today I received another example of these foreclosure mills working hand in hand as title companies demanding you use their off or else get NO CONTRACT. Here is the example of this agent from Coldwell Banker who clearly states "FannieMaeHomePath-Purchase this property for as little as 3% down. This property approved for HomePath Mortgage Financing. Approved for HomePath Renovation Mortgage Financing. Large 3 bedroom unit with two full baths. 2nd floor master suite has hardwood floors and a huge closet. Upgraded kitchen has granite countertops and cherry wood cabinets. Laundry Room. Fenced yard for added privacy." "REO Addendum not furnished until acceptance-See IMPORTANT attachments & Follow**Use FAR9 Contract-No Calls Please- EMAIL only: UNIT HAS NO APPLIANCES." Well here's the catch, I got a sneak peek...read the last few sentences to discover the major RESPA VIOLATION among other serious issues. I am sure Coldwell Banker would be estatic to see agents working in this fashion as well as Fannie Mae having their addendum crossed out in certain areas.

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 1

    Fannie Mae Contract Check List

    NOTE: ** If Items Below Are Not Followed PRECISELY, OFFER IS


    AUTOMATICALLY REJECTED

     Multiple MOP (Multiple Offers Notification)

     Sellers Name is referred to as FANNIE MAE throughout the contract.


    Owner of Record NOT ALLOWED AUTOMATICALLY REJECTED

     State contract includes Pursuant to language. Pursuant to paragraph 28 of the


    real estate purchase addendum this document is subject to all terms and conditions
    set forth in the real estate purchase addendum.

     If applicable, Condo unit number is included in the address of the property on


    the Fannie Mae Amendment.

     Buyer has initialed and/or signed all pages of Contract / Addendum.

     Contract is clear and legible.

     Contract is in PDF form and the file size is less than 7MB.

    ** BUYER pays Sellers docs UNLESS otherwise negotiated.

    FOLLOW THESE INSTRUCTS ONLY UPON FANNIE MAE APPROVAL &


    ADDENDA FROM LISTING AGENT

     Paragraph 2(c) of the Fannie Mae Addendum is completely crossed out.

     Paragraph 3 is checked with the type of financing. (Cash offers check Other
    And insert the word CASH.

     Paragraph 4 is checked with proper buyers intended use.

     Section 14 has Deed Restriction terms for all Cash Buyers. (Deed restrictions
    Are 3 months and 120% of the purchase price.) (Only for Investors)

     Paragraph 16(e) is appropriately checked.

     Paragraph 38 includes all seller contributions and other agreed upon terms.

    ** Any contracts that are sent incorrectly will be sent back to you unexecuted for
    corrections. Please check all information on contract before sending.**

    DEPOSIT CHECKS MUST BE MADE PAYABLE TO: * WATSON TITLE or


    DAVID STERN,PA
    REGARDLESS OF WHO DOES TITLE WORK. THEY HOLD MONIES FOR
    FNMA. * Ask Listing Agent which one

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