Columbus OH – I'm writing a series in response
to a number of big misconceptions I saw on a personal finance website online.
We are on our final myth from what I saw in an article about short sales on a
popular personal finance website. The writer claimed that in order for your
home to qualify for a short sale it must be priced "reasonably."
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
It is obvious that the writer knows very little about short sales. I can tell
you from personal experience that the banks don't care about whether or not the
price is "reasonable."
They order a version of an appraisal before approving a short sale. If the home
is selling for the appraised value, then they will approve the short sale. If
it is selling for substantially less, then they won't approve it.
No bank has ever asked me if the price was "reasonable." They just
want to make sure it is selling for fairly close to the appraised value.
I think the point the article writer is trying to make is that the home can't be
priced substantially under the fair market value. Some short sales do sell for
less than the fair market value.
In fact, some real estate investors have setup entire businesses dedicated to
buying short sales under the market value and then reselling them for profit. I
don't condone or condemn such practices.
I condemn the banks that allow it to happen. The banks are the ones with
incompetent systems that allow that to happen. I don't recommend that you short
sell your home to a real estate investor.
The short sale is much more likely to fail. The real estate investor is not
trying to help you. They only want to buy your home for as low of a price as
possible in order to ensure a big profit. 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 A Seventh Common Columbus Short Sale Myth: The Property Must Be Priced Reasonably is provided as a courtesy to our viewers to help them
make informed decisions.
Columbus OH – I'm writing a series in response
to a number of big misconceptions I saw on a personal finance website online.
I don't know if the personal finance writer either didn't know about short sales
and was pretending to be an expert, or they were being fed bad information.
It could have been the latter because there is so much incorrect information
about short sales being discussed as though it is fact.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
The article states that banks accept short sales because foreclosure auctions
bring much less money. Most people that read that think that foreclosure
auctions usually end horribly for the banks.
After all, not everyone can bid at the foreclosure auctions. Most people hear
about how people make a lot of money buying properties at the foreclosure
auction.
They read that and think that the properties sell at the foreclosure auction
for a big discount. But, that isn't true. And that's why this statement isn't
correct.
Yes, banks do prefer a short sale over a foreclosure. And the reason they do is
because the home usually sells for more money as a short sale. But, they are
not forced to sell the home for a big discount at the foreclosure auctions.
Most foreclosure auctions give them the right to bid all the way up to the
amount they are owed. It doesn't cost them anything to bid all the way up to
the amount they are owed. They loaned the money and that is their bid.
All they have to pay are the court fees to conduct the sale and any taxes on
the sale. That is why most properties that are foreclosed on are bought by the
banks. They put them on the open market.
The goal is to sell the foreclosed property for as much money as possible. This
is why most upside down homes sell to the bank at the foreclosure auction.
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 A Sixth Common Columbus Short Sale Myth: There Can Be No
Liens On The Property is provided as a courtesy to our viewers to help them
make informed decisions.
Columbus OH – As you can see some of the so
called short sale experts online don't know a lick about short sales. This
article was on a finance site.
But, there were almost 300 comments, many from homeowners who were considering
a short sale. Now, I don't pretend to know everything about short sales.
But, I do know that you can short sale your home even if it is in foreclosure.
How do I know this? Because I've helped homeowners
short sell their home. Guess what?
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Their home was in foreclosure before we started the short sale process.
Some people have even short sold their home after it had been
foreclosed upon.
Now, I'm sure you are thinking, "But, that can't be possible. The
homeowner doesn't even own the home anymore. They don't have the right to sell
it!"
This can be done in a state where the homeowner has the "right of
redemption." For example in Alabama, a homeowner has 12 months after
foreclosure to "repay the balance due and keep their home."
The sad reality is that this rarely happens. In today's world credit is such an
important part of getting a loan. If your house has just been foreclosed upon,
then you will find it very difficult to get a loan to buy your house back from
the bank.
But, these people can short sale their home during the 12 month "right of
redemption" period. I know other realtors who work in "right of
redemption" states.
They do short sales during the right of redemption process. The banks handle it
like any other 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 A Fifth Common Columbus Short Sale Myth: The Property
Cannot Already Be In Foreclosure is provided as a courtesy to our viewers to
help them make informed decisions.
Columbus OH – This is the fourth inaccuracy I
have seen in an article about short sales. I saw this article online and noted
7-8 big inaccuracies.
You can't get solid and accurate information on short sales unless you talk to
an agent that has sold a few short sales.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
We have been involved in hundreds of short sale transactions, so we know a
little bit about what we are doing. But, that doesn't mean we know everything.
This industry is constantly changing every day.
Anyways, this article said that a lender will not consider a short sale if
there are any liens on the property. I know this is not true, because I have
sold several short sales with liens on them.
We do short sales with two mortgages all the time. A second mortgage is simply
a lien. The key is that the lien has to agree to accept what the first mortgage
is willing to pay them.
We have even sold short sales that had two liens. The first lender received
120k, the second mortgage received 3k, and the third position "lien"
received another 3k.
So much for the assumption that there can be no liens. I think what the author
is stating is that a short sale can't be successful if you have a 50k lien that
won't settle for less than 50k.
The second mortgage was owed around 65k. However, they agreed to accept 3k.
They know that if the property is foreclosed upon, then they would get zero. 3k
is better than nothing.
This is one of many short sales we have sold that have had liens and a second
mortgage on them. Don't let inaccurate information stop you from short selling
your 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 A Fourth Common Columbus Short Sale Myth: There Can Be No
Liens On The Property is provided as a courtesy to our viewers to help them
make informed decisions.
Columbus OH – I am frustrated that people can be
perpetuating these kinds of myths online. These experts on financial websites
have never sold a short sale.
Some of them are not even licensed realtors. I recently saw an article on a
well known financial website. The article falsely claimed that " A home
has to be on the market for at least 90 days before the lender will review the
short sale file.
Obviously this person has never sold a VA Short Sale, nor reviewed VA Short
Sale Guidelines. Not many people know about it, but a lender must give an
answer on any short sale file within 45 days.
They must make a decision within 45 days of their receipt of all necessary
documents from the home seller. As you can see, the 90 day rule does not apply
to VA Short Sales.
We've negotiated hundreds of short sales and never seen a lender request the
home be marketed for 90 days before they will consider an offer. That is
ludicrous!
So, before you believe everything you read about short sales ask for the
person's credentials. Ask them, "How many short sales have you been
involved with?"
The answer from many of these so called experts may surprise you. 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.
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.
Call or email me for more information.
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 A Third Common Columbus Short Sale Myth: The Home Has To Be
On The Market For 90 Days Before The Bank Will Consider A Short Sale is
provided as a courtesy to our viewers to help them make informed decisions.
Columbus OH – It is frustrating to see how many
myths are shoved on the public by so called "short sale experts."
These people rarely have any short sale experience.
If they do have any experience, it was that short sales are so difficult. But,
that is like someone who has never driven a car before telling you that driving
is "very difficult."
If driving is so "difficult", then why do we see people putting on
makeup, eating, and otherwise disengaging from the driving process?
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
But, I must agree, it sure seems hard when you first start driving!
So what is the truth? Are short sales impossibly difficult?
Are you wasting your time even thinking about short selling your
home?
Obviously it depends on the agent's experience and skill level. Short sales are
not difficult for the experienced agents. If a problem occurs, then we know
what will solve it.
We know if a lender's requests are reasonable or not. We know how to convince
the lenders to approve the short sale. For us, short sales are easy.
We have learned the process and can do them with ease. 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 Another Common Columbus Short Sale Myth: Short Sales Are
Very Difficult And Not Worth The Aggravation is provided as a courtesy to our
viewers to help them make informed decisions.
Columbus OH – The Stop Foreclosure Institute
recently received a question from Nathan. Here was his question.
"I'll stop making the payments on my condo. That way we can start on the
short sale process with my lender. How far behind do I have to be before they
will start negotiations.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Nathan's comment reveals a common myth people have about short
sales. They believe that a lender won't approve a short sale
unless the borrower has defaulted.
Here is the truth. Yes, some lenders will not approve a short sale unless a
borrower is behind on their payments. But, that is only in certain specific
instances.
But, most lenders will approve a short sale for a borrower that is current on
their payments. They will ask if there is a hardship that requires the home to
be sold.
"Is the borrower moving for a job transfer?", they ask us.
The bottom line is that you do not have to be behind on your
payments for your lender to approve a short sale.
It is better to start the short sale negotiations while you are still current.
You might even be eligible to buy another home right away.
Contact me for more info on a new program that allows you to short sale and buy
a new home right away. 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 A Common Columbus Short Sale Myth: You Must Have Defaulted
On Your Loan Before Your Lender Will Talk About A Short Sale is provided as a
courtesy to our viewers to help them make informed decisions.
Columbus OH – The Stop Foreclosure Institute
recently received a question from another agent named Tom. Here was his
question.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
"I am negotiating a short sale with a bank. The short sale loan is a
Veteran's Administration Insured Loan. An appraisal was completed and sent to
the lender. Here is the problem.
The home needs a lot of repairs. However, the appraiser never viewed the inside
of the house. I feel that the appraisal is innaccurate because he is not factoring
in the necessary repairs.
What can we do? I don't want to see my client lose his home to foreclosure.
Tom."
Here was our answer to Tom's Question. Tom, here
is what I would do.
1. Get your hands on a copy of the appraisal. Compare that with a Comparable
Market Analysis done by a realtor. See if there is anything the appraiser
overlooked.
2. Determine what other homes in similar condition to this home have sold for.
Put together a Comparable Market Analysis using homes in similar condition as
comparable sales.
3. If you see a big discrepancy, then contact the appraiser about it. In
addition, I would check the VA Appraisal Guidelines. I am guessing that the
appraisal guidelines require the appraiser view the inside of the home.
If that is the case, then contact the bank, VA, and the appraiser. Tell them
what you have found. Ask for a new, more accurate appraisal that shows the
home's value in it's current condition. 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 Sale Question: How Come The Bank Won't
Approve The Short Sale? is provided as a courtesy to our viewers to help them
make informed decisions.
Columbus OH – The Stop Foreclosure Institute recently
received a question from Kevin. Here was his question.
"I am upside down on my house. I owe over 700k and I have been told that
it is now worth under 400k. I just hate to think how much it will cost me over
the long term when you add in the interest I will repay.
I am wondering if my bank will forgive the entire debt in a short sale. What do
you think? Kevin."
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Here was our answer to Kevin's Question. Most of
the short sales we are doing have results in the complete forgiveness of the
upside down debt.
There are many different factors involved, such as the law in your state, the
bank who has your debt, whether or not you have mortgage insurance, and a
number of other factors.
But, in most cases the short sale results in the forgiveness of the debt. In
other cases, we have negotiated a 100k debt down to a 13k promissory note.
It's not fun to repay that, but it's much better than repaying the entire debt.
I can give you a better answer when I discuss your situation with you. 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 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 Columbus Short Sale Question: Will I Wipe Out The Debt When
I Short Sale? is provided as a courtesy to our viewers to help them make
informed decisions.
Columbus OH – A bank should approve a short sale
when it makes the best financial sense to do so. Here is a little
known fact. About 80% of all loans are not owned by the bank
handling them.
That means that someone else is going to lose money if your bank rejects the
short sale.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Here is another little known fact. Banks usually
lose money whenever they reject a short sale and foreclose on a home. I am sure
you are wondering why. Let me explain.
Most short sales are still owner occupied. As you probably know all bank
foreclosure properties are vacant. An occupied property is much easier to sell
than a vacant one.
An owner occupied home looks like a home. The furniture and appliances are
setup in their proper places. The house is clean and kept up on.
Here is something else that people do not understand about short
sales. All banks and servicers have a fiduciary duty to the
investor of the loan.
If they own the loan themselves, they have a fiduciary duty to their
stockholders. The duty is to get that investor the most money possible.
So, a lender should accept an offer if it will net the most money. Your only
job is to prove that to the lender. Here is how we can assure the
negotiator that the offer will net them the most money.
Do that by showing them that the property has been on the open market for 60-90
days. It is best to be able to show that the house was easy for buyers to see
and other agents to show.
Ask them the following, "The agent selling the home is an experienced
agent. The house has been on the market for X number of days. I have lived here
the entire time and kept up on the house.
It looks good. We have had 43 showings since it's been on the market. Out of
that, only 3 buyers expressed interest. Out of those 3 buyers, the current
buyer is the one willing to pay the most money.
The agent is doing their job marketing the property. With the current
foreclosure case status, the home won't be foreclosed until June or July. When
you foreclose on the house, I will move out.
I won't be keeping the house up anymore. The new listing agent will be working
on 20 other homes and won't be able to do as good of a job as myself.
Do you honestly think the home is going to sell for more money at that
time?" When you ask them that, they won't be able to argue with you.
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.
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 When A Bank Should Approve A Columbus Short Sale Offer is
provided as a courtesy to our viewers to help them make informed decisions.
