Columbus OH – In a recent blog post, I
discussed how banks throw out a short sale file if it is rejected. When an
offer comes in on a short sale, it takes 30-60 days for a person at the bank to
look at the offer.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Then, that person orders an appraisal on the property. After that appraisal
comes back, the bank employee reviews the property value and the home seller's
personal financial situation.
Based on that, they approve or deny the short sale offer. They do this to avoid
approving short sales when either a homeowner can still afford the house or the
house is selling for under the appraised value.
What do they do if the short sale offer is rejected? Well, they tell the buyer
to hit the road and close the file. Everything gets thrown out. The appraisal
is thrown out. And all the time that employee spent looking at the seller's
finances is thrown out.
So, each buyer has to wait 60-90 days for an answer on their short sale. If
that buyer's offer doesn't work, then all that paperwork is thrown out and the
property is put back on the market.
(Yes, some banks are pre-approving short sales before they come on the market.
But, that is the exception, not the rule. Most banks are not pre-approving
short sales.)
The home is marketed and then the next buyer has to go thru the process all
over again. So, why does this matter to you?
A short sale helps you avoid the bad mark a foreclosure puts on your credit for
the rest of your life. On any future loan application you will have to put
"yes" next to the question "Have you ever lost a home to
foreclosure?"
So even though the foreclosure goes off your credit in 7 years that question
stays with you for the rest of your life. That is why most people prefer a
short sale.
Your agent is going to have to be persistent in order to give you a better
chance at a successful short sale. A competent, experienced short sale realtor
that can successfully navigate the system.
They can convince your lender that it is in their best interest to accept the
short sale offer. They can also convince them to pre-approve the short sale at
a set price.
This gives you a better chance at avoiding foreclosure. 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://columbusohshortsaleadvisors.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://columbusohshortsaleadvisors.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.
Email: 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.
Important
Notice
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 endorsed 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 Columbus Short Sales: Why Persistence Is So Important In
Success At Short Sales is provided as a courtesy to our viewers to help them
make informed decisions.
Columbus OH – We received an email from another
agent named Mark that shows how the flawed short sale process causes banks to
lose thousands.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Here is the email from Mark. "I have been
working on a Short Sale for almost a year now. The abandoned Home was
listed at $103,000 in the beginning.
The price was unrealistic for a virtual tear-down built in 1860. It will
take 3 semi trailers to haul off the asbestos alone. We received several offers
for $85,000 and $89,000 from the city.
They wanted to buy the 2 acre property to expand the city park. The asking
price is now $69,000 and we have had multiple offers.
However the bank keeps on declining these offers because they don't feel that
they are close to the value of the home.
The bank hasn't done an appraisal and probably has no idea of the true value
other than the supporting evidence I have provided to them. -Mark."
As you can see, the bank has lost $15,000 to $20,000 by turning down the
previous offers. This kind of stuff happens every day.
The moral of the story is that you need to hire a
competent, experienced short sale realtor that can successfully navigate the system.
That is the key to a successful short sale and avoiding the mark of a
foreclosure on your credit. 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://columbusohshortsaleadvisors.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://columbusohshortsaleadvisors.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.
Email: 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.
Important
Notice
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 endorsed 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 Columbus Short Sales: More Examples of Stupid Things Banks
Do On Short Sales is provided as a courtesy to our viewers to help them make
informed decisions.
Columbus OH – I have something shocking to tell
you. Bankers are not as smart as you or I think they are. You know the
"perfect banker" that we meet in public.
The person has never missed a payment, never been late, and has always had a
bunch of savings in the bank. They sneeringly look down on normal Americans
that haven't saved their money like Scrooge Chuck.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Here is the sad truth. Although they think that they are so smart with money,
they actually are not. And today I'll show you one example why.
Let's look at how 90% of the banks handle the short sale process. When an offer
comes in on a short sale, it takes 30-60 days for a person at the bank to look
at the offer.
Then, that person orders an appraisal on the property. After that appraisal
comes back, the bank employee reviews the property value and the home seller's
personal financial situation.
Based on that, they approve or deny the short sale offer. They do this to avoid
approving short sales when either a homeowner can still afford the house or the
house is selling too low. Seems like a smart way to do things, right?
Here comes the stupid part. What do they do if the short sale offer is
rejected? Well, they tell the buyer to hit the road and close the file.
Everything gets thrown out. The appraisal is thrown out. And all the time that
employee spent looking at the seller's finances is thrown out.
Which means that they have to do all of that work again when a new short sale
offer comes in. What's worse is that it causes the banks to lose millions of
dollars.
As an example, an agent I know told me about a short sale property he handled.
"The first offer for $275,000 was rejected by the bank. Several more
offers were rejected over the next year.
The housing market continued to decline. Finally almost 2 years later they
accepted an offer for $235,000. Yes, they lost $40,000 because of the flawed
short sale process.
That's a pretty dumb way to handle things, isn't it? And yet, most bankers
sneeringly think they are responsible with money! It's crazy, isn't it?
As you can see, the key to a successful short sale and avoiding the mark of a
foreclosure on your credit. 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://columbusohshortsaleadvisors.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://columbusohshortsaleadvisors.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.
Email: 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.
Important
Notice
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 endorsed 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 Columbus Short Sales: Some of the Stupid Things Banks Do On
Short Sales is provided as a courtesy to our viewers to help them make informed
decisions.
Columbus OH – The National Consumer Law Center
wrote a White Paper on how banks handle loan modifications, short sales and
foreclosures.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
They titled their White Paper "Why Servicers Foreclose When They Should
Modify and Other Puzzles of Servicer Behavior." Check out the White Paper
at this link: http://www.nclc.org/images/pdf/pr-reports/report-servicers-modify.pdf.
The "servicer" they are referring to is a bank that is handling a
mortgage for another entity.
As an example, around 80% of all of Bank of America's mortgages are not owned
by Bank of America. Instead, they are owned by another entity like Fannie Mae
or a hedge fund.
Bank of America is simply handling the accounting, tax filings, and the
foreclosure and collections process. The Consumer Law Center thought it was
"puzzling" that servicers preferred foreclosure over loan
modification.
The reason that the servicers prefer it is because it is less work and they
make more money in the process. But, I don't think it is puzzling. Why not?
Because there is almost zero accountability! The owners of these mortgages
never check in on the process. They don't know that a servicer denied a short
sale offer for $385,000, only to see the property sell for $230,000 as a
foreclosure.
Because they are not checking on things Uncle Sam and the owners of these loans
are seeing huge, unnecessary losses. Pretty sad, isn't it? 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://columbusohshortsaleadvisors.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://columbusohshortsaleadvisors.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.
Email: 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.
Important
Notice
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 endorsed 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 Columbus Short Sales: Why The Lack of Accountability Has
Hurt The Housing Market & US Economy is provided as a courtesy to our
viewers to help them make informed decisions.
Columbus OH – The most likely reason why a bank
would accept to issue an extension on a short sale is because the bank prefers
to do the short sale over the foreclosure.
This is a reason why your agent needs to continue to tell them why the short
sale will be beneficial during the entire process.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
The biggest reason a short sale is beneficial is because banks usually make
10-20% more on a short sale compared to selling a property after foreclosure.
Besides, the further out the foreclosure date is, then the more beneficial the
short sale. That is because the bank gets to sell the house today, rather than
12-18 months down the road.
The savings can be quite substantial when you sit down and add them all up.
Doing a short sale and selling the property now makes more financial sense for
the bank than a foreclosure.
An extension to the closing date of a short sale is a major request for the bank.
Not every bank will accept such a request.
Here are some steps you may take to increase your chances that the short sale
bank will accept to give you the extension:
* Present a guaranteed closing date. You need to
be ready first, and then ask for the extension. This means that the buyer's
lender has approved the loan and will be ready to fund once the short sale
approval is extended.
* Sign an addendum extending the closing. The
short sale lender may want assurance that all parties to the short sale
transaction are still interested and ready to close. Sending an addendum to the
bank that is signed by all sellers and buyers proves that everyone has agreed
to the extension.
* Submit an updated preapproval letter and / or proof of funds
from the buyer. You need to show the bank that the buyer is
still qualified and ready to close by submitting an updated preapproval letter.
Do not assume that the letter you submitted at first will serve the same
purpose.
* Be professional and treat the negotiator with respect.
Explain the reasons behind the delay and assure the negotiator
of the date by which you will close. Do not demand the extension.
* Be prepared to pay for the privilege. An
extension by the short sale bank is a privilege, not a right. Some banks might
charge the buyer for every day they run past the original closing date.
That fee could be $100 a day or more. The buyer needs to be prepared to pay if
they can't close on time. 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://columbusohshortsaleadvisors.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://columbusohshortsaleadvisors.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.
Email: 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.
Important
Notice
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 endorsed 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 Columbus Short Sales: Why Would a Bank Issue an Extension
on a Short Sale Approval Letter? is provided as a courtesy to our viewers to
help them make informed decisions.
Columbus OH – Under normal circumstances, banks
are not required to extend the closing of a short sale. The last thing a buyer
would want to hear is that their mortgage lender can't perform especially after
waiting for a number of months to buy a home.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
For the non-short sale transaction the buyer's lender has complete control of
the entire transaction and decides on the closing date. This is not the case in
a short sale. Why not?
With a short sale the short sale bank usually says the short sale approval is
only good for 30 days. If the sale doesn't close before that, then the short
sale approval is null and void.
If the buyer's lender can't meet that date, the buyer could end up losing out
on the opportunity to buy the home. Even worse, the seller loses their
opportunity to sell their home and avoid foreclosure.
Sometimes, banks prefer to foreclose if the auction date is at hand. However,
some banks under certain circumstances will extend the closing date. A short
sale may be extended provided:
* It is not a Fannie Mae short sale in default.
* The bank wants to postpone the auction.
It is always advisable to close on time and not need an extension. Some lenders
do not understand that the short sale closing date is not always flexible, and
that they should do their best to meet that time frame.
You might have to let them understand this just to try and prevent foreclosure
from coming your way. 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://columbusohshortsaleadvisors.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://columbusohshortsaleadvisors.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.
Email: 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.
Important
Notice
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 endorsed 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 Columbus Short Sales: Will Banks Issue an Extension on a
Short Sale Approval Letter? is provided as a courtesy to our viewers to help
them make informed decisions.
Columbus OH – A cooperative short sale may be a
good option depending on your situation.
But, you need to remember that Banks are not in the business of making life
easier for its customers, much less anyone trying a short sale.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Banks are in business to turn a profit. The main reason Bank of America has
initiated the Cooperative Short Sale is to increase the bank's bottom line
profit.
They increase their profit whenever they cut losses on loans that are in
default. The bank faced several problems:
1. They have a bad reputation for taking too long to process short sales and
loan modifications.
2. Due to the length of time to buy a short sale, buyers are making lowball
offers.
3. Many agents are inexperienced on short sales and unsure of what to do. As a
result, many agents were in the dark on where to price a short sale property.
Before listing the property, Bank of America will provide the terms such as the
list price and deficiency judgments. In doing so, the bank is able to provide a
shorter decision time once an offer is received.
In fact, Bank of America claims that once an offer is received, they will
provide a decision in 10 days!
This simply means that Buyers will be less frustrated with the purchase process
and more willing to wait for it to be completed.
With a traditional short sale many Buyers get frustrated and walk before a
response is received on the short sale. 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://columbusohshortsaleadvisors.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://columbusohshortsaleadvisors.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.
Email: 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.
Important
Notice
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 endorsed 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 Columbus Short Sales: Why Bank Of America Is Offering A New
Short Sale Program is provided as a courtesy to our viewers to help them make
informed decisions.
Columbus OH – Bank of America's Cooperative
Short Sale makes the entire short sale process easier for everyone involved.
The bank has rolled this out because a short sale reduces their losses compared
to a foreclosure. A short sale is quicker than a foreclosure and it doesn't
tarnish the bank's reputation as much as a foreclosure.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Banks don't want to have bank owned properties on their balance sheet. The fact
is: it makes financial, legal and good PR sense for banks to close out
non-performing loans this way.
Here are the benefits to the homeowner of a Successful Cooperative Short Sale with
Bank of America:
* Bank of America will pay the Seller $2,500 for moving expenses.
* Bank of America will not pursue the deficiency amount - the bank waives its
right to go after the seller for the deficiency.
* Bank of America will not foreclose on your home.
* Bank of America assigns a listing price - then re-assesses the price every 2
weeks, until a buyer is found.
Another good thing with the cooperative short sale is that the homeowner
doesn't have the stigma of a foreclosure on his or her record.
Eligibility requirements include asset reviews, no second liens, and require
participating investors. 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://columbusohshortsaleadvisors.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://columbusohshortsaleadvisors.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.
Email: 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.
Important
Notice
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 endorsed 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 Columbus Short Sales: Benefits of Bank of America's New
Short Sale Program is provided as a courtesy to our viewers to help them make
informed decisions.
Columbus OH – Bank of America is rolling out a
new short sale program that will provide the quickest route to a short sale
decision.
The bank came up with this program to help ensure that homeowners are able to
explore all their options and avoid foreclosure.
This program, named the Bank of America Cooperative Short Sale Program,
minimizes the challenges of traditional short sales - such as having to wait up
to 60 days for a representative to even be assigned to your sale.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
A cooperative short sale starts with a phone call from the homeowner to the
bank. The homeowner explains to the bank that he or she has suffered a
hardship, and will no longer be able to make the mortgage payments.
The Banker and the homeowner will probably discuss a loan modification. In
fact, this may be a pre-requisite to entering into a cooperative short sale.
Once the bank has determined that a loan modification is not a viable option,
and after documents have been presented to the bank that show the home owner's
hardship, then the bank is not left with any good options than the cooperative
short sale.
The next step in the process is for the Bank to order an appraisal. The
property is then listed with a Realtor at the appraised value of the house, and
the Bank agrees to sell the property at the appraised price.
Buyers can get an answer on their offers within only a day or two, not the 3-6
months a traditional short sale takes. This is because the short sale is
pre-approved.
The Bank also understands that the appraisal may have come in high, and if the
property doesn't sell in 21 days, the price gets lowered every 21 days until an
offer comes in.
We think this is a great new program that will make short sales much easier for
everyone involved. 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://columbusohshortsaleadvisors.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://columbusohshortsaleadvisors.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.
Email: 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.
Important
Notice
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 endorsed 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 Columbus Short Sales: Good News On Bank of America Short
Sales is provided as a courtesy to our viewers to help them make informed decisions.
Columbus OH – Homeowners who would prefer to get
out from underwater may prefer to do a short sale compared to a loan
modification.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
A short sale means the bank will accept a reduced payoff and release the loan.
If your home is worth dramatically less than the amount owed, it might make
more sense to do a short sale and be relieved of the burdened debt.
Loan Modifications are changes to your loan agreement. Your payments get more
affordable, but your loan balance is not reduced in any way.
In fact, many loan modifications will adjust your payment back up after 3-5
years.
Here are other factors to consider:
1. After 2 to 3 years of maintaining credit, if prices remain stable,
homeowners may qualify to buy another home with a mortgage and a payment that
is affordable.
2. Both a loan modification and a short sale may affect credit. But either
solution is generally better than a foreclosure.
3. Most of the short sale listings I sell in my area involve sellers who were
denied a loan modification.
I can help you make a decision on what option to take based on your current
situation. 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://columbusohshortsaleadvisors.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://columbusohshortsaleadvisors.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.
Email: 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.
Important Notice
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 endorsed 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 Columbus Short Sales: Why Might a Short Sale Be Preferred
Over a Loan Modification? is provided as a courtesy to our viewers to help them
make informed decisions.
Columbus OH – You should put every little thing
you have to show that your situation is real and that you cannot afford to make
your mortgage payment.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://www.columbusohshortsaleadvisors.com/
Use numbers and percentages to explain the loss of your income or negative cash
flow. For example, instead of saying "I'm borrowing money to make the
mortgage payments", disclose the dollar amount and source of that debt.
A good example would be: "I've borrowed $10,000 against my VISA card to
make my payments over the past 6 months, and I have tapped my cards to the
maximum."
You need to paint the worst picture that you honestly can. If your car needs
maintenance or repair, if the cat has cancer and your vet bills are increasing,
if your kids are starving to death on peanut butter sandwiches, or and your
fingernails are worn to the quick scrubbing other people's floors for pennies a
day, then put it into your hardship letter.
Use simple words that anyone can understand. The people reading these hardship
letters are real people. If they don't feel sorry for you by the time they have
finished reading, then maybe you need to re-write it. 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://www.columbusohshortsaleadvisors.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://www.columbusohshortsaleadvisors.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.
Email: 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.
Important Notice
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 endorsed 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 Columbus Short Sales: What Else Goes Into a Hardship Letter?
is provided as a courtesy to our viewers to help them make informed decisions.
Columbus OH – It is not a lot of fun to write a
hardship letter. In fact, it can be depressing. Many people may not know how
bad their lives have become until they reach a point of writing a hardship
letter.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Sometimes seeing all those awful things in writing is startling and some people
start crying. However, do not turn and start talking about how your life will improve.
Do “NOT” share your hopes and dreams for the future with the bank. It's none of
the bank's business.
If there is hope on the horizon, if there is a chance for recovery and for you
to become whole again, then the bank will not hesitate to grab a knife and
plunge it into your heart.
If your bank senses anything that shows that you might have the financial means
at some point in the future to repay part of that debt, then the bank will jump
on it like hot fudge on a sundae.
The bank doesn't care about you or protecting your precious credit rating. So
do everything you can to clue them into the harsh reality of your situation.
Let them know that you have thought of bankruptcy.
Most people think of bankruptcy for just a second and then try to shove the
thought into the back of their head. But, let your bank know that you have
thought about bankruptcy.
After all there is nothing that scares them more than bankruptcy. They know it
allows you to walk away from your debt. It also makes them much more willing to
negotiate with you. If you are on the brink of bankruptcy, then you've got a
story the bank can listen to.
Do not be afraid to be truthful and tell that story. 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://columbusohshortsaleadvisors.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://columbusohshortsaleadvisors.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
Email: 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.
Important Notice
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 endorsed 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 Columbus Short Sales: Don't Be Afraid To Tell The Truth In
Your Hardship Letter is provided as a courtesy to our viewers to help them make
informed decisions.
