Columbus OH – Thinking of buying a Columbus
Short Sale? The short sale process is difficult to navigate. The first thing
you should do it make sure that the agent who has the house for sale knows what
they are doing.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
That person, also known as the "listing agent", is responsible for
negotiations with the short sale lender. They may negotiate the short sale themselves
or have a third party do it.
Either way they will be in control of most of the process. The bottom line is
that if they do not know what they are doing, then the short sale will be
delayed.
You may find yourself waiting 3-4 months for the short sale for the short sale
to be approved. Then, after waiting and hoping that you can buy your dream
home, you will find out that the short sale lender won't approve your offer.
"We are so sorry. We worked so hard to convince them to accept it, but
they still turned it down", the agent may tell you. Wouldn't that be heart
breaking?
Unfortunately some agents just do not understand the short sale process. They
are too busy with other things and never have a chance to give the short sale
negotiations the property attention.
Or, the short sale negotiator they hire may be too busy to give your short sale
file the attention it deserves. This is why it is important to find an agent
that understands the process backwards and forward.
They will give the file the proper attention or find someone who can. They will
know how to overcome any problems and roadblocks that arise.
And at the end of the day you will be able to buy your dream 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 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 Buying A Columbus Short Sales? Make Sure You Have This
Person Helping You is provided as a courtesy to our viewers to help them make
informed decisions.
Columbus OH – I recently heard another so-called
short sale expert say that the Federal Mortgage Forgiveness Debt Relief Act
made it so that everyone gets to short sale with no deficiency.
The unfortunate news is that this is not true. In some states, state law forbids
the lenders from attempting to collect from the homeowner after a foreclosure
or short sale. But, those states are the exception, not the rule.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Here is what the Federal Mortgage Forgiveness Debt Relief Act does. It enables
a homeowner to walk away from an upside down debt without owing taxes on the
loss.
See, in the past a homeowner that was released from an upside down debt would
owe income taxes on the forgiven debt. It is called “Forgiveness of Debt
Income.”
This short sale expert said the following: “I read the Mortgage Debt
Forgiveness Act and it states that anyone who short sells their house will be
released from the debt.”
It is sad that someone who considers themselves a short sale expert would be so
misinformed. So make sure you check out everything before you start the short
sale process.
The good news is that in most cases a homeowner can short sale and walk away
from the debt. But, it doesn’t happen every 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 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 Myth: The Mortgage Forgiveness Law
Means That Everyone Gets To Short Sale With No Deficiency is provided as a
courtesy to our viewers to help them make informed decisions.
Columbus OH – We had a negotiator at Bank of
America try to push us around a little while ago. We’ve studied and analyzed
all of the short sale guidelines and rules.
This was an FHA loan and therefore would be governed by FHA’s Short Sale
Guidelines. This means that the lender must follow FHA’s Specific Instructions
on how to handle the short sale. Here's what happened.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
FHA sends all of the lenders who handle their loans a letter called
"Mortgagee Letter 2008-43." It details exactly how the banks
servicing an FHA loan are supposed to negotiate on a short sale.
This letter is 16 pages long and gives them specific directions on how much to
pay agents, what percentage of the appraisal they can accept, etc.
We had a wretched experience on another FHA short sale. The lender lied to the
seller's prior agent and hadn't followed the FHA Short Sale Guidelines. Because
of that experience, we had read thru this letter 2-3 times.
Bottom line, we know a little bit about FHA's rules for short sales. The
problem was this negotiator at a large national bank didn't want to follow the
rules!
Instead she made up her own rules! She told us that the buyer and seller had to
split the cost of the title insurance. The problem is on page 12 of the
Mortgage Letter, it says that they are allowed to approve a file paying the
standard title insurance costs.
In our area, the sale's contracts are written with the seller paying for
the title insurance. The buyer pays their closing costs and the title insurance
for their lender.
But, this negotiator didn't want to allow that. I had to argue back and forth
with her for 2-3 days until she finally relented. FHA is insuring this lender
against any and all loss on the loan.
They have given that lender an almost risk free way to make a decent profit on
a mortgage. If they give you specific instructions on how to negotiate a
short sale, then follow those instructions!
Here is the bottom line. If the negotiator at the lender is lying to you, then
ask for their manager. When you talk to their manager, explain how they are
breaking the rules.
Tell them you may contact FHA and tell them that the lender is breaking the
rules. 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 Sales: Why Do Bank Negotiators Break The
Rules? is provided as a courtesy to our viewers to help them make informed
decisions.
Columbus OH – Many lenders ask for a promissory
note on short sales. This is especially true if the lender has Private Mortgage
Insurance (also called PMI) that has to approve the short sale.
The PMI companies know that homeowners will do anything to protect their credit
when they are short selling their home.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
To avoid a promissory note you must convince the negotiator at the PMI Company
that you have no assets and no disposable income that can be used to pay them.
I ask to speak directly with the PMI negotiator. Don’t let your lender tell you
that you are not allowed to talk to them. Don’t take no for an answer. If
necessary, ask to speak with a supervisor at the lender.
The PMI companies know that if the home is foreclosed, then they will lose even
more money when the home is sold after foreclosure. Keep this in mind.
Tell the employee that you will hold them accountable if the home is foreclosed
and sells for less money after foreclosure.
We have seen a lot of lenders and PMI Companies turn down short sales, only to
see the property sell for much less after it is foreclosed upon.
If you stick to your guns they will release the debt and allow you to walk away
without a promissory note. 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 Don’t Accept A Promissory Note When You Short Sale Your
Columbus Home is provided as a courtesy to our viewers to help them make
informed decisions.
Columbus OH – Another common type of loan that
does not usually have a deficiency is a “Sliced and Diced” loan. A “Sliced and
Diced” loan is a loan that has been securitized along with a bundle of other
loans.
Here is how that happened. John gets a loan from ABC Bank. ABC Bank is running
out of money to lend out. So, they sell 1,000 of their mortgages to Goldman
Sachs.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Goldman then securitizes that bundle of 1,000 mortgages and sells of 50,000
shares of stock. Each piece of stock represents a small percentage of the
bundle of 10,000 mortgages.
But, how does that affect whether or not you will have a deficiency on a short
sale? First, the majority of “Sliced and Diced” loans that we have short sold
released the seller from the deficiency.
This means that the short sale approval letter said that the homeowner was
being forgiven of the debt. What about the people who are not specifically
released from the deficiency?
The good news is that the vast majority move on with their life and never hear
anything more from their lender. Time moves on and they forget about the debt.
The good news is that after a few years the statute of limitations kicks in and
they are home free. Their lender no longer has the right to collect the money
from them. 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.
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 Deficiencies On "Sliced &
Diced Loans? is provided as a courtesy to our viewers to help them make informed
decisions.
Columbus OH – Another common type of loan that
does not usually have a deficiency is a USDA loan. The USDA loan program was
created to make it easier for people that lived in rural areas to buy their own
home.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
USDA stipulates that you must be at least 30 days behind on your payments
before they will start the short sale process. This is different from most
other loan programs.
I haven't heard of another loan program where they specifically stipulate that
you must be behind on the payments before they will consider a short sale.
The good news is that their short sale guidelines state that you won't have a
deficiency after completion of a short sale. Here is the text from their short
sale guidelines:
" A borrower who successfully sells the property securing the loan using
the Pre-Foreclosure Sale Option is relieved of the mortgage obligation. The
borrower shall not be pursued for deficiency judgments by either the Servicer
or the Agency."
This is good news for anyone that has an USDA and wants to get out from under
their upside down mortgage. 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 Will I Owe A Deficiency On A Columbus Short Sale If I Have
A USDA Loan? is provided as a courtesy to our viewers to help them make
informed decisions.
Columbus OH – Another common type of loan that
does not usually have a deficiency is a VA loan.
But, how do you determine whether or not you have an VA loan?
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
On your original 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. The picture above is from a VA
mortgage. The page for the VA mortgage was 2 pages below the original signature
page of the mortgage.
The pages between this and the signature page had the notary's signature and
the legal description. You can get a copy of your mortgage from the public
records in your county.
Most realtors will know how to look up this information. If not, then they will
know a title company that can do the research for you.
A VA Short Sale is called a "Compromise Sale." According to those
guidelines, they will give a complete release if a seller participates in the
short sale program, and there was no "fraud, misrepresentation, or bad
faith" on the part of the homeowner.
The bad news is that you will not be eligible for another VA loan until you
repay the VA for their loss. So you may not be able to get a VA loan in the
future. 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 Will I Owe A Deficiency On A Columbus Short Sale If I Have
A VA Loan? is provided as a courtesy to our viewers to help them make informed
decisions.
Columbus OH – The next most common type of loan
that does not usually have a deficiency is an FHA loan.
But, how do you determine whether or not you have an FHA loan?
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Here is the best way that I have found to do this. Look up your mortgage on the
public records in your county. You can usually access the public records
online.
Just Google, "County, State Public Records." For example, if we
Google "Cook County Illinois Public Records", then you will get the
clerk of court's website on the second link.
Most realtors will know how to look up this information. If not, then they will
know a title company that can do the research for you. Once you access the
public records you will want to pull up your mortgage.
If you have an FHA loan, then on the first page of the mortgage, there should
be a small square and inside the square, it will say "FHA Case Number 091-4242640-703."
FHA's Short Sale Guidelines are covered in a letter they send out to all the
lenders that are handling their loan. Whenever they make a change to the
guidelines, they send out a Mortgagee Letter.
They issued a new Mortgagee Letter at the beginning of the financial crisis
that made a lot of changes to how they handle short sales. That letter was
called "Mortgagee Letter 2008-43."
You can Google that if you want to look at a copy yourself. On page 5 of
Mortgagee Letter 2008-43, it specifically states that if you short sale or
attempt to short sale, then you will be released from the debt.
Here is an excerpt from the letter:
Mortgagors, acting in good faith, who successfully sell their
properties using this option are relieved of their mortgage obligation
and are entitled to a consideration of $750. If the
closing occurs within 3 months of the approval to participate, the mortgagor
will be entitled to $1,000. Unless the mortgagor’s consideration is required to
release junior liens, the mortgagor may elect to accept cash paid at
closing. The mortgagor may also apply a portion of or the entire amount
of consideration to offset sales costs not paid by HUD; including a home
warranty plan fee, costs of optional repairs, and buyer’s closing
expenses. If the PFS is unsuccessful and foreclosure
occurs, mortgagors who participate in the PFS Program in good faith will not be
pursued for deficiency judgments by the mortgagee or HUD."
The main requirement to being allowed to participate in the program is that the
property cannot be an investment property and that the homeowner has to have a
genuine hardship.
Looks like a good way to wipe out some upside down mortgage debt. 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 Will I Owe A Deficiency On A Columbus Short Sale If I Have
An FHA Loan? is provided as a courtesy to our viewers to help them make
informed decisions.
Columbus OH – OK, let’s talk about the most
common types of loans that do not require a deficiency on a short sale. The
first common loan type is a Fannie Mae or Freddie Mac loan.
I’ll call them Fannie & Freddie in this post. Freddie & Fannie
are different quasi-governmental entities that own mortgages. For our
conversation, they are very similar in the way they handle short sales.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
First, you need to find out if Fannie or Freddie own your loan.
Fannie Mae has a website with a lookup tool. Go to this site to research if
your loan is owned by Fannie Mae: www.fanniemae.com/loanlookup/.
Freddie Mac has a lookup tool here: https://ww3.freddiemac.com/corporate/.
If your loan is owned by Fannie Mae, then you usually do not have to worry
about a deficiency. Fannie Mae’s official policy is that they will forgive the
debt if a seller has a genuine hardship.
Fannie & Freddie’s policies are basically the same. They state that
they will pursue a short sale seller if they have they can afford to make the
payment or it is an investment property.
You need to keep this in mind if you are strategically defaulting. One problem
with some of these short sales is that the loan was insured by Private Mortgage
Insurance, also called PMI.
The PMI companies have the ability to approve or veto the short sale offer.
Many PMI companies ask for a promissory note before they will approve a short
sale.
The good news is that the promissory note is usually less than the amount lost.
For example, we recently saw a lender lose over $100,000 on a short sale. They
asked the homeowner for a $20,000 promissory note.
Are you willing to pay $20,000 to walk away from $100,000 in debt? I think
that’s a good bargain.
If you have a Fannie or Freddie Loan and have a genuine hardship, then you can
be pretty confident that you have a very good shot at being able to walk away
without a deficiency. 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 A Common Columbus Short Sales: The Most Common Types Of
Loan That Do Not Require A Deficiency is provided as a courtesy to our viewers
to help them make informed decisions.
Columbus OH – I am about to explain how the
different types of loans impacts whether or not you will have a deficiency
after you short sale your house.
But, I first want to bust the common myth that you won’t know if you will have
a deficiency until after you have started the short sale process.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Many agents will tell you that you won’t know for sure if you will have a
deficiency until you have started the short sale process. Sure, they can give
you the answer if you are in a non deficiency state, such as California.
But, what if you are in Florida, which is a deficiency state? They will usually
tell you that you won’t know if you will have a deficiency until the short sale
process has been started.
That is not necessarily true. First, here is the good news. In about 80-90% of
all cases, you will not have a deficiency on a short sale even if you live in a
deficiency state.
But, if your loan is the type that do not require deficiencies, then you don’t
have to worry about a deficiency. The key is to find out the type of loan you
have and the short sale guidelines for that type of loan.
In my next post I will start to explain those different loan types and their
short sale guidelines. 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 A Common Columbus Short Sale Myth: You Don’t Know If Your
Lender Will Want A Deficiency Until We Have Started The Short Sale Process is
provided as a courtesy to our viewers to help them make informed decisions.
Columbus OH – We recently received an email from
Joy. She was thinking about a short sale, but was worried about a deficiency.
Here is a sentence from her email: "We
obviously want to get the price as close to fair market value as possible to
eliminate or reduce any deficiency the bank may assess, but also want the house
to move as quickly as possible."
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com
Here is the good news for Joy. In about 80-90% of all cases the homeowner is
allowed to walk away without a deficiency. Yes, banks are releasing homeowners
from hundreds of thousands of dollars in upside debt.
We've seen homeowners walk away from $300,000, $500,000, and more in upside
down debt. It's like a "Get Out Of Jail Free" Card.
So, how do you find out if you will not owe a deficiency after a short sale?
Here is the first step. Find out who owns your loan. Even if you send your
monthly payment to ABC Bank it is likely that your loan is owned or insured by
one of the one of the following entities.
Fannie Mae or Freddie Mac. There is about a 60%
chance that your loan is owned by one of these two entities. If they own your
loan, then mortgage forgiveness will be granted according to their policies.
FHA Insured. FHA does not own your loan. But, they
insure the owner against loss which means that they will be writing the check
for the loss. As a result, they dictate whether or not the debt is forgiven.
VA Insured.The Veteran's Administration does not
own your loan. But, they insure the owner against much of the loss. As a
result, they dictate whether or not the debt is forgiven.
USDA Insured. USDA does not own your loan, but
insures the owner against much of the loss. As a result, they dictate whether
or not the debt is forgiven.
Sliced and Diced Loan. This is a mortgage that has
been securitized. It is called "Sliced and
Diced" because of the way the ownership of each loan is sliced up and sold
off to thousands of different people.
The actual owners of the loan are the people that bought the securitized loan
product.
Once you have found out who owns your loan, then you move to the next step.
That is to find out the short sale deficiency guidelines of the individual
owner or insurer of your mortgage. 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 Worried About Owing Money After A Columbus Short Sale? is
provided as a courtesy to our viewers to help them make informed decisions.
Columbus OH – Thinking about a loan modification.
If you can afford to, then order an appraisal. Or, do your own appraisal.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Ask your realtor “Hey, what are houses in my area selling for?" I've seen
people who bought a house for $500,000. Guess what’s it selling for today?
$300,000.
If your house has had a 40% drop in value, then you shouldn’t be paying a
mortgage payment based on a value of $500,000. You should be paying a mortgage
payment based on a value of $300,000. Make sense?
Here's how to find calculate you should be paying. Google “amortization
calculator.” Type in what your home is currently worth. Enter the interest rate
you were originally paying.
Look at the example numbers below.
* A $500,000 mortgage at 6% interest is a monthly payment of $2,997.75.
* A $300,000 mortgage at 4.5% interest is a monthly payment of $1,520.06.
Remember, interest rates have dropped a bunch lately.
It looks to me like this person is overpaying by $1,477.69 a month. Ouch!
Run the numbers for your house. If your lender
forecloses on your house, then it’s not necessarily going to sell for the
market value. Most foreclosed houses often sell for 85% to 95% of the value
today.
Remember, knowledge is power. When you have this information you have a much
better negotiating position with your lender.
You can say “Hey guys, foreclose on my house. But, be prepared to lose a ton of
money.” 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 Loan Modification Tips: How To Gain A Negotiating
Edge Over Your Lender is provided as a courtesy to our viewers to help them
make informed decisions.
Columbus OH – I received a note the other day
from Andrew. He was upset that I would tell people that are upside down on
their house to ask for a principal reduction from their lender. Here was his
email.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
"I saw your blog post about how the banks won't approve principal
reductions for people who are struggling financially.
You recommended that anyone upside down should short sale their house because
that is the only way to get the amount they owe reduced.
These people took out a loan and made a promise to do everything in their power
to repay it. I think it is wrong that you would openly recommend them break
that promise.
All that does is make it harder for someone responsible to get a loan. The
banks have lost so much money because people walked away from their mortgages
that they are making it impossible for responsible people to get a mortgage.
Andrew."
Here was my response to Andrew's email.
"Andrew, thank you for your opinion. Fortunately we live in America and
everyone is entitled to their opinion.
I can understand that you are frustrated. It sounds like this has affected you
personally when you tried to borrow money. But, let me ask you this.
I met a homeowner named John. John's company went under during the economic
crisis and John lost his job. He was out of work for six months and burned up
all his savings and retirement accounts trying to stay afloat.
Today John is working 2 jobs, but making less money than he did at his previous
1 job. He cannot afford his mortgage payment. His lender will not reduce the
payment to where he can afford it.
If he pays it, then he can't pay for groceries. He makes too much money to
qualify for food stamps. So, what should he do?
Should he get a third job, work until he burns out, and then lose everything?
Or, should he move to a more affordable house and try to get his life back on
track?
I think he should do whatever he can to get his life back on track, whether
that be a loan modification or short sale. I know you may think he should work
80 or 100 hours a week until he has repaid every single debt in full.
Ultimately John and his family have to do what makes sense for them.
Fortunately, America gives you the freedom to make your own decisions on what
is best for 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 Yes, I Do Think A Columbus Loan Modification Is The right
Thing To Do is provided as a courtesy to our viewers to help them make informed
decisions.
Columbus OH – Are you pulling your hair out trying
to convince your lender to reduce the amount you owe on your home?
People have a hard time grasping how difficult it is to get a loan modification
that is fair. These banks just do everything they can to squeeze homeowners for
as much money as possible.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Here is an example of a homeowner that accepted a forbearance agreement with
their lender. The homeowner was desperate to keep his home and just accepted
the first offer his lender made.
Today, he is paying $4,400 monthly. The sad thing is that it would cost
about $2,500 a month to rent a comparable home.
He could save $1,900 monthly if he moved out and rented a similar home. But,
even worse is how much money this will cost him over the long term.
I project that it will take 19 years for his house to appreciate back to what
he originally paid for the house. He will overpay his lender by $433,200 over
the next 19 years while he and his family wait for the housing market to
recover.
It's sad, but the only way that I have seen anyone receive a principal
reduction is to short sell their house.
You can even buy another house right away if you qualify for the guidelines of
certain short sale programs. 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 Another Example Of Just How Lousy A Columbus Loan
Modification Is For You is provided as a courtesy to our viewers to help them
make informed decisions.
