Short-sale team singles out lenders 

Short sale specialists Fred Weaver, left and Kevin Kauffman, in a video they recently shot in front of a JP Morgan Chase branch office in Arizona.

A team of Arizona-based agents specializing in short sales has ruffled feathers in the lending industry by posting videos that they hoped would expose ways in which decisions by lenders can derail short-sale transactions.

The agents -- Kevin Kauffman and Fred Weaver, who do business as Group 46:10 -- say they agreed to pull several videos in which they discussed their dealings with JPMorgan Chase when their franchise, Keller Williams Realty, was threatened with a lawsuit.

Kauffman said it's his understanding, based on communications with Keller Williams management, that Chase was also threatening to pull its real estate-owned (REO) listings from Keller Williams if the videos in question were not removed. A Chase spokesman declined to comment on the allegation that Chase threatened to pull its REO business from Keller Williams.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year

Buy Now

Advertise with Inman

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.