Short Sale? Who owns your loan?

There are hidden things that explain why the banks are slow to do deals with homeowners. The terms agreed to between investors, as loans are bought and sold can reveal much. The precedent set by George Sorros in his Indy Mac deal, have caused much damage to the housing market. That model for investors to buy guaranteed profits from the FDIC, on the back of American Tax Payers, was more than corrupt. The core of that corrupt deal, guaranteed George and his new bank a large profit if they foreclosed on the collateralized homes when they bought the loans from the FDIC. ANOTHER CORRUPT PART ABOUT THIS DEAL IS, GEOGE SORROS WAS THE LARGEST STOCK HOLDER OF THE FAILED INDY MAC... when it was being liquidated by the FDIC... AND GEORGE SORROS WAS THE LARGEST STOCK HOLDER OF A NEW BANK THAT HE CREATED WHOM THEN BOUGHT THE INDY MAC  LOANS FROM THE FDIC, WITH LARGE GUARANTEED PROFITS BY FORECLOSURE.

If the loans are foreclosed on, they are guaranteed large profits, but if they are modified, then no guarantee.

This precedent has also been used in the sale of other loans by the FDIC when they take over failed banks. The FDIC is / has been closing many banks weekly for three years now... Check on who owns your loan? Bank of America makes money as a manager of many loans that were sold to investors by the FDIC, with a guaranteed foreclosure profit...
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California Real Estate Held Hostage

Consider this. Fair Oaks California, July 2010. Ocwen a loan service company are managing a Freddie Mac insured loan secured by a house in Fair Oaks. A buyer submits a short sale offer of $389,000 that will net $350,000 to the owner of the Freddie Mac Loan. Ocwen shuffles the papers on the short sale resutling in an investor buying the loan at a discounted price of $241,000 and the short sale is denied. This results in a $109,000 larger loss to the loan owner, whom had sold the loan for 241,000 - rather than letting Ocwen close the short sale. Freddie Mac insured some of these loses... the seller who lost the home has a larger deficiency than the short sale would have provided... Ocwen and the investor who bought the loan are the only winners in this deal. hmmm...

Now consider how this is only one of many of these dirty little deals at our banks.

If you go raise the cash and deal through the back door at trustee sales and with bank asset managers... you can profit while these deals are holding real estate hostage, in 2010. Cash investors can buy a short sale, or a trustee sale, or an REO sale for a 25% - 30% discount compared to home buyers who need to get a loan.

This gap in 2010 allows investors to have positive cash with high leverage or they can flip for quick profits.

Do you want to know more?

(916) 201-5726 call me.




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