Columbus OH – One large, national bank requires
that all home buyers trying to buy a short sale give them their credit
information before they make an offer on the house.
They are asking for the buyer's social security number and pulling their credit
report. Why are they doing this? But, more importantly is it legal?
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. columbusohshortsaleadvisors.com/
I know that pulling anyone's credit report without their permission is against
the law. If you think that a short sale lender has pulled your credit without
your permission, then you should file a complaint.
They are breaking the law and they should face the full repercussions for their
actions. I think it is a dishonest way to do business. Banks don't request this
information when they are selling a bank owned property. And, most home sellers
don't ask for that information either.
But, apparently this bank does not think there is anything wrong with breaking
the law. It just makes you wonder how many other laws the banks are breaking.
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. 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. 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 2012 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 Is This Bank Breaking The Law On Columbus Short Sales? is
provided as a courtesy to our viewers to help them make informed decisions.
Columbus OH – We are explaining the steps to
approving a short sale in 90 days or less. Today, we're going to explain Step
4: Use the BPO information and knowledge of the loan owner's
short sale guidelines to force the lender to approve the short sale.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. columbusohshortsaleadvisors.com/
After doing the steps detailed in the previous posts your agent
has two important pieces of information now.
First, they know who owns the loan. They know if
it is owned by Fannie Mae, Freddie Mac, FHA, VA, or if it is a portfolio loan
or "Sliced and Diced."
Second, they know the BPO value. Now, your agent
is 'loaded for bear." They are ahead of 90% of all the other realtors
negotiating short sales. As a result they will get some respect from the short
sale negotiator at the lender.
They will be able to hold the lender accountable for their actions. They can
use the short sale guidelines for that particular loan owner to force the
lender to approve the short sale.
Here is an example of how that is done. Let's say that a short sale property is
selling for $278,000. The loan is an FHA insured loan. The home was marketed
for 3 months before it sold.
The FHA appraisal says that the home is worth $290,000. FHA's short sale
guidelines stipulate that the lender should approve that short sale. Why?
Because FHA's guidelines specifically instruct a lender to approve a short sale
that will net them 88% or more of the FHA appraised value. After all the sales
costs, the lender will net more than 88% of the $290,000 FHA appraisal value.
But, let's compare this with what might happen to an unprepared realtor who
doesn't follow this process to approve short sales.
The negotiator could tell the realtor that they will not approve the short sale
unless the buyer agreed to pay $290,000. Short sale negotiators do this all the
time. Yes, it is an abuse of power but it still happens.
This realtor has worked very hard to sell the home for as much money as
possible. However, the buyer refuses to pay more than $278,000 for the house.
This agent can't force them to pay more for the house.
The short sale negotiator tells the realtor that they will "close the
short sale file" in a week if the buyer doesn't agree to pay $290,000.
This is another tactic short sale negotiators use to bully uneducated realtors
who don't understand short sales.
The buyer doesn't raise the offer and the home is foreclosed upon a few months
later. It sells for $260,000 after the foreclosure. Your bank loses $18,000.
You get a foreclosure on your credit report.
Ouch! This is why it is so important that the realtor you hire to short sale
your house know what they are doing. 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. 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. 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 Step Four to Get A Columbus Short Sale Approved In 90 Days
Or Less is provided as a courtesy to our viewers to help them make informed
decisions.
Columbus OH – We are explaining the steps to
approving a short sale in 90 days or less. Today, we're going to explain Step
3: Find out the BPO value.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. columbusohshortsaleadvisors.com/
This seems fairly simple. But, most agents never find out this number. As a
result, they don't know why their short sales are not being approved.
We talked to another agent a little while ago. "I've got 5-6 short sale
files under contract. But, none of them are being approved."
"The short sale negotiation company is working on them, but they can't get
any of them approved. What do I need to do?", he asked us.
We started asking him for more info on the files. "What are the BPO
values?" What percentage of that are the homes selling for?" What
type of loan is it?"
Now, why do we ask these questions? Because that is how you determine what the
problem is. We've negotiated over a hundred short sales with all the different
lenders.
We know why the banks accept short sales and why they turn them down. On our
short sales, the majority of the reason an offer was turned down was because of
a high BPO.
The bank thinks the home is worth 200k, but the buyers won't offer any more
than 170k. The offer is not going to be accepted.
But, sometimes they will accept an offer on a 200k BPO if it is above 180k. It
does happen, but not very often. 190k on a 200k BPO happens a lot more often.
If you don't know the BPO value, then you don't know why they are turning down
your short sale offer. You don't know what it will take for them to approve it.
You are shooting in the dark.
This is the case whether you are negotiating the short sale yourself, or having
someone else do it for you. Either way, your chances at success are much lower.
Here is how to find out the BPO value. First, ask the person at the lender that
is negotiating the short sale. Most of the time they will give you that
information.
If the short sale loan is a VA or FHA insured loan, then you can get a copy of
the FHA or VA appraisal. (The banks use those to determine the property's value
instead of a BPO.)
If the lender will not give them the value, then the home owner can request a
copy of the BPO. Most banks will give them that information because a homeowner
is legally entitled to it.
They may not give it to the homeowner's agent, but they will give it to you.
Once you have that information you can determine if the short sale offer is
reasonable or not. 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. 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. 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 Step Three To Get A Columbus Short Sale Approved In 90 Days
Or Less is provided as a courtesy to our viewers to help them make informed
decisions.
Columbus OH – We are explaining the steps to
approving a short sale in 90 days or less.
Today, we're going to explain Step 2: Influence
the BPO. A BPO is a bank's version of an appraisal. They use that property
valuation to make a decision to approve or deny a short sale offer.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. columbusohshortsaleadvisors.com/
Many BPOs are inaccurate. As a result, many short sales are unnecessarily
rejected. The banks lose even more money when the property sells later on.
The problem is that the people doing the BPOs are rushing thru them. They are
visiting 100 or more homes per month and preparing an in depth property
evaluation on each one.
That isn't always enough time to properly evaluate each property. As a result,
many BPOs are inaccurate. An inaccurate BPO often leads to a failed short sale.
Let me explain why.
If a BPO says that a home is worth $250,000, but the actual value is only
$220,000, then the short sale will probably be turned down. You the homeowner
risks losing your home to foreclosure.
In one example, the people doing BPOs on a short sale consistently stated that
the property was worth $325,000 to $375,000.
Over the course of a year of being on the market, the most a buyer offered to
pay was $275,000. But, the bank wouldn't accept their offer because they
thought the house was being sold for less than it was worth.
The market continued to decline. The realtor continued to market the property.
However, now buyers were only offering $230,000. The short sale bank finally
accepted that offer.
Inaccurate BPOs cost that lender $45,000. In addition, they put a seller at
risk of losing their home to foreclosure. This is why your agent must influence
the BPO. Here is how they do that.
Your agent does not allow the person doing the BPO into the house without their
permission. They meet the person at the house and tell them why the home is
selling for the price it is selling for.
They explain the market conditions and explain what they feel the home is
worth. They give that person their own opinion of the value of the home.
Many times that person will use the information they have gathered for them and
turn it into the bank. That gives you a much better chance of a successful
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. 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. 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 Step Two To Get A Columbus Short Sale Approved In 90 Days
Or Less is provided as a courtesy to our viewers to help them make informed
decisions.
Columbus OH – We're going to start explaining
the steps to approving a short sale in 90 days or less.
Today, we'll start with Step 1: Find out the type
of loan it is. Examples are Fannie Mae, Freddie Mac, FHA, VA, Portfolio, and
"Sliced and Diced."
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Why does this step matter? First, around 70-80% of all loans held by the large,
national lenders are not owned by that lender. They are simply collecting the
money for the actual owner of the loan.
The owner of the loan is the actual gentility that makes the decision to
approve or deny the short sale. Find out who the actual owner is and you can
hold that lender accountable for their actions.
They better do a good job on the short sale. If not, then you report on them to
the actual loan owner. In addition, most of these loan owners have specific
guidelines on short sales.
Not all lenders follow those guidelines. If they don't then you can hold them
accountable for their actions. Ok, so here is how you find out who owns the
loan.
Go thru the steps below.
Search Fannie Mae's Website: http://loanlookup.fanniemae.com/loanlookup/
Search Freddie Mac's Website: https://ww3.freddiemac.com/corporate/
Look at the actual mortgage to see if the loan is an FHA or VA
Insured Mortgage.
If the loan is FHA insured, then
on the first page of the mortgage,
there should be a small square. Inside the square, it will say "FHA Case
Number 091-4242640-703." The case number will be different, but it
will still be an FHA loan.
If the loan is VA insured, then
on the mortgage, 1-4 pages past the signature page will be a VA
Rider. At the top it will say "NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT
THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS." That is a VA loan.
If the loan is not any of those,
then it is most likely a portfolio loan. This means the loan is
owned and serviced by the original company that bought it. This is especially
true if the current servicer is the same company as the original lender.
There is one final option: "Sliced and
Diced." If a foreclosure has been filed, then look at the
Plaintiff's Name on the Lis Pendens.
If it contains something like "CWALT 2005-06CB", "BOAALT Series
2005-10", "Certificates", or "Trust"; then it is
probably "Sliced and Diced."
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 Step One To Get A Columbus Short Sale Approved In 90 Days
Or Less is provided as a courtesy to our viewers to help them make informed
decisions.
Columbus OH – Most agents complain about how
short sales drag out for months at a time.
Another agent once told me, "I hate short sales. They take 9-12 months to
complete. The banks never call you back to let you know what is
happening."
The real problem is that most home buyers will wait for 45-60 days for an
answer on a short sale offer. After that, then they become impatient.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Here are the 4 simple steps your agent can use to get your short sale approved
in 90 days. If they miss any of these steps, then you risk waiting 6-9 months
for an answer on the short sale.
Step 1: Find out the type of loan it is. Examples
are Fannie Mae, Freddie Mac, FHA, VA, Portfolio, and "Sliced and
Diced."
Step 2: Influence the BPO. The BPO is the bank's
version of an appraisal. They use that property valuation to make a decision to
approve or deny a short sale offer.
Many BPOs are inaccurate. As a result, many short sales are unnecessarily
rejected. The banks lose even more money when the property sells later on.
Step 3: Find out what the BPO value is. Ask the
negotiator for that info. They are required to send you a copy of the FHA
appraisal (if the short sale loan is an FHA loan).
You can get a copy of the VA appraisal (short sale on a VA loan) from one of
the VA Loan Centers.
Step 4: Use that information and knowledge of the
loan owner's short sale guidelines to force the lender to approve the short
sale.
Note: If the buyer's offer meets the loan owner's
short sale guidelines, then it should be approved as is. No being washy washy
and wasting people's 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 How To Get A Columbus Short Sale Approved In 90 Days Or
Less is provided as a courtesy to our viewers to help them make informed
decisions.
Columbus OH – A Short Sale can help you avoid
owing your bank for losing money when they reject a short sale offer.
Here is an example of how a bank lost money by delaying the short sale process.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
We listed a property as a short sale. The home had been listed with another
agent. That agent had actually sold the home for $150k. However, they couldn't
convince the lender to approve the short sale.
As a result the buyer canceled their contract and started looking at other
houses. We put the property on the market and received a $140k offer. We
submitted it to the bank.
The bank ran their numbers and said that the minimum they would accept was
$141k. As a result, the bank lost $9k. Actually, it wasn't the bank that lost
that money.
The loan was owned by a Wall Street Trust. Common owners of these trusts are
Pension Funds like CALPERs. So, as a result of this bank's incompetence a
person's retirement was affected.
This is a good example of why an experienced, competent short sale agent is so
important. They can make the difference between success and failure on a 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: How Bankers Lose Money By Being
Incompetent On Short Sales is provided as a courtesy to our viewers to help
them make informed decisions.
Columbus OH – A good short sale agent can help
you avoid owing thousands of dollars in the future. Why?
Well, most banks lose money when they reject a short sale. They turn down a
sales price of $200,000. They foreclose on the home and put it up for sale.
However, they are not able to get the price they want. The home ends up selling
for $150,000. What does that mean to you?
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
First, you probably owe them a lot of money. They may have been losing money on
the original short sale. But, now they lost another $50,000. They will probably
ask you to repay them for their loss.
Many people are shocked to learn that they are stuck owing tens of thousands of
dollars to their bank. A short sale can help reduce the amount you owe. I'll
explain how.
First, most short sales result in the bank forgiving you on the
debt. We have seen banks lose hundreds of thousands of dollars
and still forgive the debt.
I estimate that over 80% of short sales result in the homeowner in the
debt being forgiven. Contrast this with a
foreclosure. In most cases, the bank can chase you down for the
money for 7-20 years.
Here is the second way that a short sale can reduce the amount
you owe. Most short sales result in the bank result in reduced
losses to the bank. I'm sure you are wondering why.
First off, the home usually sells for more money as a short sale than it would
as a foreclosure. We have seen $385,000 short sale offers get turned down, only
to result in the home selling after foreclosure for $230,000. That's a huge
loss!
Second, a short sale costs the bank less money in property taxes, homeowner's
insurance, lost interest income, etc. Overall, the costs are much less. All
these costs add up fast. 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 How A Columbus Short Sale Could Help You Avoid Owing Money
In The Future is provided as a courtesy to our viewers to help them make
informed decisions.
Columbus OH – Many bankers have fancy degrees
earned studying for 4-6 years on how to make smart financial decisions. They
have studied economics, finance, and other sophisticated financial subjects.
They understand amortization, arbitrage, and other financial subjects that only
smart financial people understand.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
So, bankers always make smart financial decisions, right? Actually, in some
cases they do not make smart financial decisions. I'll give you an example
today.
We have seen many examples of where banks foreclosed on a house and then waited
6-12 months to put the home on the market.
Say what you want, but waiting 12 months to sell a home is a
stupid financial decision. When the housing market was declining
by 10-15% annually in many areas that meant they lost $20,000 to $50,000.
They could have sold that home for more money and avoided wasting money on property
taxes and homeowner's insurance. Besides, they could have loaned that money to
someone else and earned 12 months worth of interest.
Besides, vacant houses are targets for vandalism. A lot can happen to a house
that sits empty for 12 months. Mold, water damage, and other problems pop up
all the 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: How Supposedly Smart Bankers Lose
Money is provided as a courtesy to our viewers to help them make informed
decisions.
Columbus OH – Most people think that when a loan
modification fails, then the homeowner who loses their home is the only party
that loses. Well, often the bank loses as well. Let me explain why.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Many banks are turning down loan modifications where the payments
received would repay a mortgage amount higher than what they sell the property
for as a foreclosure.
A bank has two options when negotiating a loan modification.
Option 1: Foreclose and sell the property for
$150,000.
Option 2: The homeowner is offering to repay
$1,000 a month for the next 30 years. At today's interest rates that will repay
a $211,000 mortgage.
In fact, these same banks are spending thousands of dollars advertising to get
people to borrow $211,000 and repay them $1,000 a month. But, in most cases
they would rather foreclose and kick this homeowner out of their home.
This makes the bank a loser on two counts. First, they are losing money. But,
second of all, they are a loser for unnecessarily kicking a family out of their
home. 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: Who Loses When A Loan Modification
Fails? is provided as a courtesy to our viewers to help them make informed
decisions.
Columbus OH – Everyone who has ever tried to
negotiate a loan modification with their lender has been frustrated with the
process.
We hear the following comments from frustrated homeowners all the time.
"Why won't they work with me?" I want to keep my home and pay them a
reasonable payment. My home has dropped so much in value that they are better
off taking my payments. I don't understand."
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Here is why I think that so many loan modifications are turned
down: The banks don't have any skin in the game. You see, in
most cases the bank losses are not born by the bank.
They are usually born by Uncle Sam or some other entity. Here is a Shocking
Fact: Most banks don't own the loans they are handling.
In fact, one of the "Big Four US Banks" only owns around 20% of the
loans they hold. They are handling the other 80% as a "servicer."
The actual owner might be Fannie Mae, Freddie Mac, a Wall Street Trust, or a
pension fund. A servicer acts as a trustee for the actual investor.
They collect the payments and handle the "Lender" Functions. They
then forward the money to the owner of the loan each month. The lenders get
paid the same amount of money whether they do a good job or not.
Are they motivated to do a good job with your loan modification application?
Many people experience long waits trying to get their loan mods accepted. I
think this is the reason why.
Here is the closest comparison to how the banks are handling
things. Let's say you managed an apartment community. You only
returned calls from prospective tenants one day during the week.
The other days you went fishing. As a result, half of the apartments were
empty. Would you really be representing the owner of this property properly?
Would the owner miss out on tenants who could rent an apartment? Would that
apartment manager be unhappy? You bet they would be. The same problem is
happening with loan modifications and short sales.
The lenders don't have enough staff in place to handle loan mod and short sale
applications. As a result, they are foreclosing on properties when they really
should be reducing the payment.
But, the average American doesn't realize that this is happening. It's time we
tell them about 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 Do So Many Loan Modifications
Fail? is provided as a courtesy to our viewers to help them make informed
decisions.
