This episode of The Most Dwanderful Real Estate Podcast Ever is crucial for you in ensuring the bank doesn’t screw your homeowners. So many real estate investors out there are only in it for the money and they don’t do the right thing when it comes to protecting their homeowners. There are several things that you need in writing from the bank to absolve your homeowners from any further liability. Banks love nothing more than lying by omission and keeping as much of their money as possible, particularly when it comes to the closing fees and the actual deficit between the property value and the short sale price. If you don’t step in and use your expertise, your homeowners could get stuck with a huge tax problem or a $100,000 judgment that could prevent them from ever purchasing another property.
