Don't Commit Bank Fraud On Short Sales, Even If It Is The Bank Asking You To Do It

The world of short sales is getting very strange. Banks who lent money with second and sometimes third position mortgages are getting tired of taking the biggest percentage hit when the homeowner goes into default and a short sale happens.

Yes, getting "something", no matter how small, for you second or lower position note is better than getting nothing when the first lien holder forecloses. But, the losses are still there and more and more pressure is being applied to recoup some of those losses.

But, how?

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