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.
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