Question by Christina C: Awaiting short sale approval?
I live in GA : Currently still have pending approval on short sale and tax relief expires 12/31 … At this point what can I do to avoid having to pay the tax on the property.. Should I continue to wait for the approval or let it go to foreclosure ? please advice

Best answer:

Answer by Melanie
You can possibly avoid the short sale altogether by obtaining a securitization audit and presenting it to your lender. You could then leverage the information in the audit to obtain a loan modification.

Here’s a success story right up your alley:

http://finance.boston.com/boston/news/read/22243546/sonoma_county_resident_obtains_a_loan_modification_from_bank_of_america_by_means_of_a_securitization_audit

The securitization audit, when performed by companies like Paladin Securitization Auditors, will effectively show any Federal Trade Commission violations in a securitized home loan. Also, they will usually show that the servicer does not have the authority to foreclose on a property since 9 out of 10 times they don’t have the actual mortgage note.

Even if you haven’t officially obtained a sale date yet, you can give them a call or email them. They offer a free consultation with no strings attached. Here’s their web page:

www.securitizationauditservices.com

They have a pretty big list of success stories on the site too.

Good luck!

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