Columbus OH – I am so sick of the incompetence
and arrogance of people in the banking industry! It seems like the incompetence
never ends.
We had a short sale closing last week. The underwriter for the buyer's lender
didn't like the way the short sale approval letter was worded. They wouldn't
approve the loan until the short sale approval letter was changed.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
We called up the short sale lender. They said they wouldn't make the change.
The buyer's lender said the deal was dead. The problem is that how the short
sale approval is written makes no difference to them.
Most title companies have millions of dollars in reserves to solve title
problems. The title policy states and guarantees the title, no matter what the
short sale approval letter says.
They guarantee that if any problem arises they will write a check and solve the
problem. That's why you order title insurance! Apparently this underwriter
thought their job duties required them to do the title company's job as well.
We finally called the CEO of the buyer's lender. We told them that they were out of line. We told them that realtors and home
sellers can't just make unrealistic demands.
What if a home seller demanded, "I want to make sure all funds brought to
closing have never been laundered or used in the drug trade. We also want the
money to be backed by gold."
You and I know that is not going to happen. I am forced to deal with
incompetence and power trips with short sale lenders. I sure am not going to
put up with it when I'm the customer.
Fortunately, our argument with the CEO's office worked. They realized that they
were in the wrong and made an exception for this sale. What is
your opinion on this?
Do you think that the lender in this situation is out of line? Would you
recommend that we not refer loans to them? Enter your comments below. 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 Rant About Lender Incompetence On Columbus Short Sales is
provided as a courtesy to our viewers to help them make informed decisions.
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