Short Sales - Wealthy Home Owners Walk Away

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Uploaded by on Jul 18, 2010

http://www.theshortsaleminute.com More than 1 in every 7 homeowners with loans over 1 million dollars are seriously delinquent on their mortgage. They are walking away from their homes, electing to attempt a short sale or risk foreclosure rather than accept the enormous loss of value. Many of them would probably qualify for a loan modification because income is not their problem.

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  • Tried a short sale for 9 months without sucess...then moved onto a loan mod for 12 months without success. Chase never had any intentions of helping us out. It was all a phony "act of good faith". Our neighbors played the game with their bank for 14 months before finally walking away. These banks are pathetic!

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