Columbus OH – Yesterday we discussed a serious
problem affecting the short sale industry. Today, we are going to lay out a
strategy that the short sale sellers can use to help solve this problem.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
The biggest reason that this problem can continue is because the realtors
assisting you never receive a copy of your home's valuation. If we had copies
of those valuations, then holding the people accountable would be much easier.
The banks won't give us the information. And we really don't have the right to
it. But, you, the home seller, does have a right to it under the Equal Credit
Opportunity Act.
Here is what you can do to get your hands on your bank's property valuation.
1. Request a complete itemized payoff from your
lender. You do this by faxing them a request. Usually you will
get an answer in 7-10 business days.
2. Review the payoff to see where the property valuation is
itemized. It will usually be called an "Appraisal" or
"BPO." If not, it may be included in some other payoff cost.
3. Since this is part of what you owe on this mortgage, then you
have a right to a copy under the Equal Credit Opportunity Act.
Fax the lender's legal department a request for a copy of it.
Send a copy of the payoff and circle the spot where you think the BPO payment
is. Request a copy for the borrower under the Equal Credit Opportunity Act. In
addition, also mail the lender's legal department the same request.
If your lender does not comply, then you can file
a complaint with the Federal Trade Commission at www.ftc.gov,
The Office of Thrift Supervision at www.ots.treas.gov,
The FDIC at www.FDIC.gov, and the Comptroller
of the Currency at www.helpwithmybank.gov.
Indicate on your correspondence with the lender that if they do not comply,
then you will be filing complaints against them.
Once you receive a copy of your home's valuation we can use that date to
facilitate the short sale process. 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.
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