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.
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