As a veteran of processing over 100 short sales in Redding and Shasta County I can tell you; sometimes things just don’t add up. Many times I’ve seen banks turn down offers and later sell the property after foreclosure for less than our original offer. How can this be? It just doesn’t make sense, or does it?
I think you too may be shocked at what you are about to see…
I’d love to hear your comments on this video!
F.Y. I you will hear the term “HELOC” in the video. HELOC stands for Home Equity Line Of Credit. In our area, many residents of Redding have used heloc funds to improve their homes or purchase cars ect. One of the reason construction is down in Redding or all of Shasta County is due to funds drying up as heloc loans are almost impossible to obtain throughtout Shasta County and most other parts of California.