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Keep banks out of short sales.

Created by R.G. on March 24, 2013

it has come to my attention that some banks, at this point I know of two, Bank of American and Nationstar, are now forcing home owners who are trying to short sale a home into an auction with auction.com. In doing so they are interfering with a legal listing agreement and sale contract as well as with a realtors fiduciary relationship. The process also takes away the rights of the property owner by placing restrictions on who can purchase the home. This is a clear case where the banks are entering into real estate brokerage and management business and are prohibited from doing so by law

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