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.
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