Columbus OH – Many people have a hard time
believing that their lender would agree to allow them to short sale and
walk away from the upside down debt.
If you have ever gotten behind on payments, then you know how mean the debt
collectors can be. The constant barrage of threats, demands, and phone calls
usually proves to be too much for most people.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
As a result they give up. Debt collectors are mean. But, it is a tough job
(although I have no sympathy for them.) I know someone who used to work as a
debt collector.
He quit after a couple of weeks. It was just too harsh and depressing. They get
on the phone every day for 8 hours of abuse. Some of the people they call
scream at them.
Very few people are nice. It's probably very depressing because you hear about
other people's problems all day long. The debt collectors become cold and
callous as a result of the work.
As a result, they take their frustrations out on the people they call. If you
are trying to negotiate a loan modification or short sale, do not work with the
debt collection people.
They don't want you to modify your loan or keep your home. Why is that? Because
they are paid bonuses on the money they collect.
They don't receive a bonus if you short sale or modify your loan. The debt
collection people are an ugly, dull, almost useless tool. The lenders use them
in a half hearted attempt to get you to pay.
You see lenders don't want you to short sale or modify your loan. They just
want you to catch up your payments and start paying on time again. That way
they don't lose any money.
The debt collectors are the first line of offense. "Sic em", they say
to the debt collectors, hoping they can convince you to catch up your payments.
Fortunately, when we negotiate a short sale we talk to a different group of
people. These people work in a different department. They are not callous and
cold. They don't hate their job.
They are paid substantially better than the debt collection folks. For most it
is an actual career. These people have training. They approve and deny short
sales based on set criteria.
Their job is to process the short sale, not collect money. They know that most
people are selling their home because they can't afford the payments. So they
don't bring it up.
We do all the negotiations and discussions with them. That means when you start
the short sale process, you don't have to talk to the people at your lender
anymore.
We take over and handle everything for you. You can rest easy knowing that
someone else will be negotiating on your behalf with your lender. 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, Robin Lemmons.
Rick & Robin Lemmons 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.
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 & 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 Robin's personal views and do not reflect the
views of Coldwell Banker King Thompson.
This information on Columbus short Sales: How Can You Convince My Bank To Erase
My Upside Down Debt When They Were So Mean To Me? is provided as a courtesy to
our viewers to help them make informed decisions.
Columbus OH – Banks do not accept a potential
short sale for a number of different reasons. Here is the biggest reason they
did not approve your short sales.
They think the property is worth more than the price the buyer is offering. For
example, the buyer is willing to pay $319,000 for a short sale.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
The bank wants to check and make sure the home is not worth more than $319,000
before approving the sale. They order an appraisal.
The appraiser states that the home is worth $350,000. The bank is already losing
money on the sale. They don't want to lose an extra $31,000 on the sale.
If this happens the bank usually asks the buyer to raise their offer to the appraised
value. Often times the buyer will agree to pay the higher price.
Reason #2: The lender doesn't have a complete short sale
package. Maybe the seller's last 2 bank statements are missing.
Or, a page is missing from the sales contract. In that case, the necessary
paperwork will be sent to the lender.
Reason #3: The offer doesn't meet the short sale
guidelines. Every lender has different guidelines for whether
they will accept or reject a short sale.
For example, the owner of the loan might be Fannie Mae. Fannie Mae has specific
short sale guidelines. Unless the short sale offer meets those guidelines, it
will be rejected.
Reason #4: Unrealistic expectations from the
lender. Every lender has a specific employee who negotiates and
processes the short sales. That employee is called a short sale negotiator.
This employee has a lot of discretion over what they will and will not approve.
We have seen those employees make up their own guidelines.
They decide that Fannie Mae's short sale guidelines aren't good enough. So they
demand more money from the buyer. Or they want the seller to give up their
entire life's savings.
If the seller or buyer do not agree, then they will turn down the short sale
offer. Never mind that they do not own the loan. If the short sale is turned
down then the owner of the loan, Fannie Mae, risks losing even more money.
Most short sales that are foreclosed upon end up selling as a bank owned
property. The Boston Consulting Group recently did a study on short sales. They
studied what a lender would net when selling a home either as a short sale or a
bank owned property.
They discovered that banks lose twice as much money on bank owned sales versus
what they lose on short sales. What should your agent do with a short sale
negotiator at the bank who doesn't follow the short sale guidelines?
We gently remind them of the loan owner's guidelines. They usually approve the
file. If that doesn't work, then we will notify their supervisor or someone
higher up at the bank.
That solves the problem most of the time. But, if it doesn't, then we contact
the owner of the loan directly and let them know what is happening. That is the
basis of what we do to get your short sale approved and help you move on with
your life.
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, Robin Lemmons.
Rick & Robin Lemmons 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.
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 & 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 Robin's personal views and do not reflect the
views of Coldwell Banker King Thompson.
This information on Why Banks Turn Down Columbus Short Sale Offers? is provided
as a courtesy to our viewers to help them make informed decisions.
Columbus OH – I recently met a realtor who sells
properties in a beach town. “Short sales take 9-12 months. The banks are so
hard to deal with”, she said.
She mentioned short selling a customer’s property. The sellers were two doctors
that had to take a promissory note. The sale was for $900k, so the loss must
have been above average.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
In this case, her customer’s were ok with a promissory note. But, what if you
want to short sale and walk away from the upside down debt?
What can you to do short sell your home without a promissory note? Negotiating
short sales on more expensive homes is different than your average short sale.
The most common loan types that will give you a complete release are Fannie
Mae, Freddie Mac, FHA, and VA. Most of them won’t loan on a mortgage over
$417,000.
There are a few exceptions, but that is the general rule. If your mortgage
amount is more than $417,000, then your loan is probably owned by the bank you
originally got it from, or it has been securitized.
Many of these loan owners will not grant a release. You will have to use other
methods. First, you can tell them that you are broke. If that is true, then they
may let you off without much ado.
If you have assets, then you will need to use different tactics. You can hire
someone to do a “Loan Audit.” This is where they go thru your loan file and
search for any violations of lending laws.
Maybe they didn’t give you the proper federally required mortgage disclosures.
Maybe the mortgage broker or lending company wasn’t properly licensed. A loan
audit will often help your case.
But, it isn’t an “end all, be all”. I’ve seen people promote it as that.
Another thing you can do is hire a good attorney. You will want to deal with
someone who is a consumer advocate.
They will know how to use the law to negotiate from a position of power on your
short sale. In my opinion, the best way to is to hire a lawyer in this case on a
contingency.
Tell the lawyer, "I will pay you X when you get me what I want." Some
people think lawyers drag cases on just to earn more money. Using a payment
arrangement like this will help you avoid that.
However, the most important thing you can do is to hire an experienced short
sale agent. Ask them if they have negotiated any short sales where the lender
asked for a promissory note.
Then, ask them what they did to negotiate away the promissory note. The good
short sale agents will usually know a good attorney. They may have experience
dealing with your bank.
Bottom line: They are the person who can point you in the right direction so
you can short sale and walk away with a complete release from the 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, Robin Lemmons.
Rick & Robin Lemmons 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.
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 & 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 Robin's personal views and do not reflect the
views of Coldwell Banker King Thompson.
This information on Columbus Short Sales: The Bank Won’t Release Me From My
Upside Down Debt. What Can I Do? is provided as a courtesy to our viewers to
help them make informed decisions.
Columbus OH – The biggest reason anyone short
sells their house is to avoid foreclosure. They cannot afford the house anymore
and the bank has is threatening to foreclose.
If the short sale is not successful, then their lender will foreclose on the
house. We at the Stop Foreclosure Institute have successfully closed short
sales for several years.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
We’ve made it our business to know what we are doing. But, we see many agents
trying to help people that have no clue about short sales, or the short sale
process.
This gives short sales a bad name. Many agents
have been involved in short sales where the listing agent didn’t know what they
were doing.
Because of that the short sale wasn’t successful and that agent and their
customer wasted time. In the future they are going to think twice before
showing a short sale. This hurts other short sale sellers.
It really gets on my nerves that people who don’t know what they
are doing can ruin it for everyone else. If you are thinking
about short selling your home, make sure you hire a competent, experienced
short sale agent.
(A competent, experienced agent will be successful at 80-90% of all the short
sales they take on.)
Here are a few of the things that agent should avoid.
1. Submitting multiple offers to the short sale lender. Only the best offer should be submitted. A confused mind says
no. Most short sale negotiators have between 50 and 200 short sale files on
their desk.
To ask them to weigh the benefits of 3 short sale offers on just one of those
50 files is probably more than their brain can handle. No, I’m not saying their
brain is stupid.
It’s just that a human brain can only handle so much information before it
stops working. You must remember that most short sale negotiators are handling
50-100 different files at one time.
They can't possibly remember all the details in 50 different files!
2. Realtors submitting incomplete paperwork to the short sale
lender. There is a method to follow. Every good short sale
realtor understands stacking order, and the importance of easy to read
paperwork.
3. Submitting low offers to the lender. All this
does is waste time. If a lender is not likely to accept the offer, then don’t
waste 45-60 days negotiating it with them.
Get an offer at (or near) fair market value and submit that to the short sale
lender. That helps avoid wasting everyone’s 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, Robin Lemmons.
Rick & Robin Lemmons 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.
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 & 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 Robin's personal views and do not reflect the
views of Coldwell Banker King Thompson.
This information on Could The Columbus Short Sale Realtor You Hire Kill Your
Chance To Avoid Foreclosure? is provided as a courtesy to our viewers to help
them make informed decisions.
Columbus OH – The Stop Foreclosure Institute
recently received a question from Kathy. “Why would I short sell
my house instead of saving the monthly payments and letting it go into
foreclosure?” Kathy asked.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Here is our answer. If you stop paying your
mortgage, then you can live in your home rent free for 12-24 months, depending
on the state you are located within.
I have seen lenders wait a year after the first missed payment just to file for
foreclosure. Yes, you can live in your house for free for a long time. However,
a short sale has many advantages over a foreclosure.
It does less damage to your credit and allows you to buy another home in 3
years versus the 5-7 years after a foreclosure. In addition, you can get some
money as an incentive for doing the short sale.
If you want the benefits of both, then stay in your home until the foreclosure
case has been started. Then, start working with a short sale agent. A short sale
can take anywhere from 3 months to even 6-9 months to process.
This will allow you to salvage your credit and live "rent free" for
12-24 months. You will be able to wipe out all that upside down debt and move
on with your life.
Best of all, you will be eligible to buy another home in 2-3 years once you are
back on your feet. 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, Robin Lemmons.
Rick & Robin Lemmons 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.
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 & 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 Robin's personal views and do not reflect the
views of Coldwell Banker King Thompson.
This information on Columbus Short Sale Question: Why Would I Short Sell My
Home Instead Of Saving The Monthly Payments & Letting It Go? is provided as
a courtesy to our viewers to help them make informed decisions.
Columbus OH – Many people short sale because
they are having financial problems and can't afford their home. Financial
problems also means that you get lots of calls from debt collectors.
Here is a scary story about a guy who was ripped off by a debt collector. The
debt collector asked if he could pay them $500. He wanted to do the right
thing. So he agreed to pay the $500.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
The debt collector sent him a form to make the payment thru his checking
account. He filled out the form and signed off on it. The debt collector
proceeded to completely drain his bank account.
They sucked out $1,800. This caused major financial problems for this guy. He
couldn't afford gas to get to work. But, it was all completely legal because of
the fine print on the bottom of their form.
The moral of the story? Never give any of your financial
information to a debt collector or anyone. If you do send money
to a debt collector, then use a payment method that can't be tracked.
A money order is a good option. Money orders keep all of your bank account
information private. You can buy one with cash or a debit card. The debt
collector will never get your account information.
Never give any of your financial information to a debt collector. Do not send
them info on your checking account, savings account, IRA, 401k, or any other
financial account you have.
Many state and federal laws often give a debt collector permission to take
money out of your accounts, with or without your permission.
Unless you are a lawyer, you won't know if or when they can take
money. So you are simply better off never giving them your info.
The debt collection company that I mentioned above is based out of Colorado.
They tried to collect from another person I know.
They were very pushy. They only wanted his checking account info.
They wouldn't accept any other payment method. It appears they use that tactic
on everyone they call. I hope this helps you in your situation. 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, Robin Lemmons.
Rick & Robin Lemmons 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.
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 & 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 Robin's personal views and do not reflect the
views of Coldwell Banker King Thompson.
This information on Columbus Short Sale Help: Don't Let Debt Collectors Rip You
Off is provided as a courtesy to our viewers to help them make informed
decisions.
Columbus OH – Many people are embarrassed that
they are short selling their house. They feel like a failure. Others think that
they are somehow being dishonest or shady.
Neither one of those is true. A lot of the people short selling today never had
a blemish in their credit. They lived responsible financial lives.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Then the real estate market crashed and left them owing hundreds of thousands
of dollars more than their home was worth. For years everyone had told them
that couldn't happen.
Many of those people also lost their job for the first time in their life. It's
interesting because today we are seeing as many short sales in the upper income
brackets as the lower income brackets.
I'm not judgmental of someone who is short selling their home. I deal with
people from all walks of life. Some are high income. Others bought less
expensive homes. Either way, it doesn't matter to me.
I see a short sale as a smart financial decision. I'll be congratulating you
instead of judging you.. Who wants to be burdened with a huge debt for the rest
of your life? Not me. And neither should you.
Here is why a short sale is a smart financial
decision. Let's say that you are upside down on a house by
$100,000. (If you upside down by an amount lower than $100,000, then don't
laugh. Many people are upside down by that amount and more.)
Repaying $100,000 over 30 years, will cost you $215,000. That is the $100,000
originally owed, along with $115,000 in interest payments. The number varies
according to your interest rate.
What if instead of repaying that money, you put that money towards retirement?
Let's say you took that monthly payment and invested it as an 8% Interest Rate.
At the end of 30 years you would have $804,545.01 saved up. Wouldn't that be
helpful in retirement?
That is one small reason I recommend short sales to my customers. You can get
the upside down debt forgiven in a short sale. 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, Robin Lemmons.
Rick & Robin Lemmons 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.
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 & 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 Robin's personal views and do not reflect the
views of Coldwell Banker King Thompson.
This information on Why You Shouldn't Be Embarrassed To Short Sale Your
Columbus Home? is provided as a courtesy to our viewers to help them make
informed decisions.
Columbus OH – Buying a short sale can be a great
idea. Most short sale properties are priced very competitively to other homes
on the market.
However, buying a short sale is not easy. The seller has to convince the lender
to accept a big loss on the mortgage. Banks do not like losses. Because of that
they double check everything before approving the sale.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
The biggest thing you need to be aware of is that there is no
guarantee that the seller's lender will approve the sale.
It has a very good chance of it being approved if the seller's agent is
competent and experienced with short sales. However, not all agents understand
short sales.
Here are the costly mistakes you want to avoid when buying a short sale.
Costly Mistake #1: Selling your house before the short sale is
approved. If the short sale is delayed or rejected by the lender
then your moving plans can be thrown into limbo.
Costly Mistake #2: Not ordering a thorough inspection before
purchasing. Most people short sale their home because of
financial problems.
This means that they have not had the money available to properly maintain
their home. Other homeowners have had to move out of their home for other
reasons such as a job transfer.
They tried to sell their home for what they owed, but no buyers were
interested. After being on the market for a while they finally realized they
were upside down and decided to short sell their home.
In the meantime their home was empty and wasn't maintained. This can cause a
lot of problems.
To avoid this problem make sure you hire the best inspector you can find. Make
sure they go thru the entire home looking for problems.
Costly Mistake #3: Using a realtor that is not experienced with
short sales. There are many other potential problems that can
arise when you are trying to buy a short sale.
If your agent does not understand the short sale process, then they will not
know what to do when a problem arises.
Even worse, they may not foresee a potential problem and help you deal with
before it turns into something worse. 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, Robin Lemmons.
Rick and Robin Lemmons 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.
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 Robin's personal views and do not reflect the
views of Coldwell Banker King Thompson.
This information on Three Costly Mistakes Buyers Make when Buying A Columbus
Short Sale is provided as a courtesy to our viewers to help them make informed
decisions.
Columbus OH – Let's say a friend owes you a
thousand dollars. They come to you with a sob story about how they are broke
and cannot afford to repay you.
"I am so broke that we are about to lose our car. And the electricity was
turned off last month when we missed the payment. I can't even afford diapers
for our son", they tell you.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
You tell them just to forget about the debt. Don't
worry about paying me back. I don't want to be a burden on your family",
you tell them.
A few days later you are scanning Facebook and see pictures of them on
vacation in Miami. You realize they had lied to you. It's obvious that they
weren't broke if they could afford a fancy vacation in Miami. How would you
feel?
I tell this story to make my point. Are you trying to convince your bank to
approve your short sale and allow you to walk away from your debt? Well, why
should they do that?
Lenders and debt collectors may look you up on Facebook. If they see you went
on a fancy vacation, then they may not forgive the debt.
They tell you, "It's obvious that you are doing well financially. I just
saw your Facebook profile and the pictures of you on vacation at the Ritz
Carlton in Miami. We aren't releasing you from the debt."
Not a fun ending, is it? If you are considering a short sale, then watch what
you post on Facebook, Twitter, etc. 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, Robin Lemmons.
Rick and Robin Lemmons 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.
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
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 Robin's personal views and do not reflect the
views of Coldwell Banker King Thompson.
This information on Be Careful What You Post On Facebook When Trying To Short
Sell Your Columbus Home is provided as a courtesy to our viewers to help them make
informed decisions.
Columbus OH – The Stop Foreclosure Institute
recently received a question from Daniel. Here was his question.
"I am trying to buy a short sale property. I put my offer on the property
a few months ago. The property was priced about 50% lower than the other homes
in the area.
The bank finally approved the short sale. However, they said that I have to pay
the back taxes, unpaid homeowner's association fees, and the seller's closing
fees.
I agreed to do that because the home was such a good deal. However, now that
I've agreed to that the bank won't get back to the agent.
Now the agent is saying that they won't approve the sale price even with my
paying all of those costs. I don't understand what is going on? Please help.
Daniel."
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Here was our answer to his question. Daniel, it
sounds like you are frustrated. Here is the reason that your offer is not being
accepted by the short sale lender.
You mentioned that the house is selling for much less than other homes in the
area. It must be worth more than what you offered. Otherwise, you wouldn't have
been willing to pay for all of those other costs.
The bottom line is that bankers are not idiots. They have a number of different
things they check before they approve a short sale. One of those is the
fair market value of the home.
They will usually order an appraisal to check the value. It sounds like they
took a second look at the appraisal and realized that the home was selling
below market value.
If you really like the home, then you can see if they will accept an offer
closer to the appraised value. Or, keep shopping for another 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, Robin Lemmons.
Rick and Robin Lemmons 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.
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
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 Robin's personal views and do not reflect the
views of Coldwell Banker King Thompson.
This information on I Want To Buy A Columbus Short Sale Property. Why Is It So
Difficult? is provided as a courtesy to our viewers to help them make informed
decisions.
Columbus OH – It is possible to sell your home
if you have multiple mortgages. But, it can be difficult. This is something
many short sale homeowners have to consider because they have multiple
mortgages.
All the mortgages on the property will have to be satisfied before you can give
clear title to the buyer. But the most important negotiation is the one which
has to be made with the lenders; which will be two or three in case of multiple
mortgages on your home.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Negotiating with two or more lenders might seem to be an intimidating task.
But, you do have a strong negotiating position because second mortgages
typically receive nothing if the home is foreclosed by the primary lender.
It is also possible for the first mortgage company to reject a short sale offer
if they think that they can do better with a foreclosure. Most second
mortgages' lien on the property is wiped out in a foreclosure.
They will opt for that if the second mortgage is demanding too much money to
approve the short sale. A second or third mortgage is called a junior mortgage.
(Third mortgages are rare. We have never seen a fourth mortgage on over 100
short sales we have worked on.)
The junior mortgage received a much smaller percentage of whatever they are
owed. Most of them agree to the short sale with them being paid $3,000, and
sometimes less than that.
The easiest second mortgage negotiations are short sales of piggyback loans. A
piggy back loan is the junior mortgage when a single bank issues two mortgage
against the same house.
This was very common during the housing boom. The loan officers at many banks
offered this combination to borrowers. The costs were usually lower than
getting just one mortgage and the banks agreed to the loans.
This piggy back loan is the second mortgage which is written off by the same
lender as of the first mortgage. In this case the realtor or the home owner
will be able to negotiate with a single person at the bank that is handling the
two loans. 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, Robin Lemmons.
Rick & Robin Lemmons 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.
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
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 Robin's personal views and do not reflect the
views of Coldwell Banker King Thompson.
This information on Columbus Short Sale Question: Can I Short Sell My Home If I
Have More Than One Mortgage? is provided as a courtesy to our viewers to help
them make informed decisions.
