This week’s Preforeclosure “Tip of the Week” is about how to make sure, after a successful short sale closing, the bank does not send your funds back and undo your transaction! Yes this could happen and almost did on two occasions in the same day!  Visit www.PreforeclosureDailyGrind.com for more real estate related videos.

One Response to “Can a Short Sale Lender Undo a Sale After Closing?”

1. Sharon Horne-Ellstrom says:

   December 2, 2009 at 8:10 am

   As you know, I had this happen to me on a deal last April…the title company had made a mistake on one of the Real Estate Agent’s name on the Hud that they sent to the lender to be signed off on 24 hours in advance)…the lender (USBank) had signed off on this “mistaken” HUD.

   In this instance, my title company had done their job (ok, they made a mistake) and we had a record of it, so the deal was finalized as agreed.

   You do need to make sure your title company or attorney are doing their job to get your deals to close successfully.

   As important as that is making sure you keep really good detailed records of all your transactions and communications with everyone you deal with.

   Keeping detailed notes has saved my “tail” more times than I can count.

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