Short Sale Secrets Banks Use Revealed - http://dixonteamoc.com

Is your short sale taking longer than anticipated? Ken Dixon of Dixon Team OC has discovered another reason why this could be happening. In this video Ken reveals how Bank of America is cashing in on your missed payments. In a recent discovery Bank of America filed an insurance claim on a 2nd deed of trust that was 180 days late. Keep in mind the homeowner was only 90 days late at the time the short sale package was submitted to Bank of America.

90+ days after the package is submitted the insurance provider paid Bank of America the full amount of the loan. In this case it was over $100,000. Now the insurance provider has the ability to pursue the full amount of that debt whether the homeowner completes a short sale or forecloses. Bad news for the homeowner and more good news for big banks. For more information on why your short sale may be taking forever, Huntington Beach homes for sale, selling investment property, Orange county real estate or any other real estate related topic in Southern California go to http://dixonteamoc.com

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