Columbus OH – We got a short sale approved
yesterday. This file was a fiasco from day one. Despite the incompetence we
suffered, we got the file approved thru persistent follow up. The first lender
handling the file was incredibly incompetent. Their short fax number didn't
work. We mailed the short sale package to them and they lost it. We mailed it
again and they finally got it.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohioshortsaleadvisors.theshortsaleguide.com/
We would call, e-mail, and fax the short sale negotiator. He wouldn't get back
to us for 2-3 weeks at a time. (This was despite us calling and e-mailing every
single day.) We finally got him to call back when we threatened to go to the
press with the story.
This incompetency went on for several months. Unfortunately the first buyer got
impatient and walked. Fannie Mae was the actual owner of the loan. They
eventually fired the first company as the servicer and hired another company.
This new company was also fairly incompetent.
Here is what was shocking! The company is a
subsidiary of one of the largest information technology companies in the world.
The subsidiary's phone lines didn't even work properly. The automated prompts
went in a circle. Just goes to show how technologically advanced they are!
Finally we were about to get an approval. The short sale negotiator calls us.
"I can approve the file if you do this and this", she says. We make
the changes and send them to her. A few days later she calls back. "You
need to net us the same amount of money and raise the sales price", she
tells us.
She explained that the file had Mortgage Insurance and their approval. We
talked to the title company and figured out how to make the changes.
Fortunately everything worked out ok. We raised the price and had the seller
pay the same amount of the buyer's closing costs. Yes, we had to get a little
creative. Please note: Everything was completely legal and ethical.
Here is the point of this crazy story. Short
sales are unpredictable. The lenders pile more and more files on each staff
person. In my opinion, these staff are overworked and underpaid. Fortunately
most short sales are not as bad as this one. If you are persistent and know what
you are doing, even the bad short sales can be approved.
Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an
e-mail at robin.lemmons@kingthompson.com.
I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any
questions you may have. Or, if you prefer, you can call me at 614-741-2495.
Discover how other sellers successfully completed a short sale and request a
free consultation by clicking
here. http://columbusohioshortsaleadvisors.theshortsaleguide.com/
Thinking about a loan modification? Our Columbus loan modification kit has the
instructions you will need to get a loan modification approved with your bank.
Click
here to request a copy. http://columbusohioshortsaleadvisors.theshortsaleguide.com/
Thanks for reading this, Rick and Robin Lemmons.
Rick and Robin is a Real Estate Team at Coldwell Banker King Thompson.
Phone: 614-741-2495
robin.lemmons@kingthompson.com
A Zest For The Best
View My homes for sale at www.rickandrobin.com.
Rick & Robin Lemmons specialize in helping Columbus Homeowners short sale
and never pay the bank another penny. Columbus Loan Modification Help, Columbus
Short Sales, Columbus Short Sale Realtor. Columbus Short Sale Realtor. Columbus
OH Short Sales. Columbus Realtor. Columbus OH Short Sales. Columbus Realtor.
Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.
Rick and Robin Lemmons, Coldwell Banker King Thompson, and the Stop Foreclosure
Institute are not affiliated in any way, shape, or form with the government.
Our services have not been reviewed or endorse by the government or your
lender. Most lenders willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to
help you on a short sale, your lender may not agree to a short sale or to
modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else
in life. It takes work and persistence to convince your lender to modify your
loan. No matter what you or we do, your lender may not approve a loan
modification.
We do not recommend that you stop paying your mortgage, because this will cause
damage to your credit and could cause you to lose your home. Because we know
avoiding foreclosure is so important to any homeowner, we recommend that you
speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a
licensed professional before making any decision. Information is deemed
reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your
lender if it does not meet your approval. If you decide not to go thru with the
short sale, then you do not have to pay us our fee. We normally make a real
estate sales commission for helping you on a short sale.
The views expressed here are Rick and Robin's personal views and do not reflect
the views of Coldwell Banker King Thompson.
This information on Will your Columbus Short Sale Realtor follow up properly to
ensure success? is provided as a courtesy to our viewers to help them make
informed decisions.
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