Columbus OH – You can get your life back on
track after a short sale. One of the first things you'll want is to start
repairing your credit. But, how do you get those pesky collections off your
report?
I'll show you a couple of techniques here. Collections can be very easy to
remove. The reason is that most collection accounts have been transferred
several times.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Most of the time, the original lender will turn over the account to a
collection agency within 6 months. The collection agency usually can't collect
anything.
After that, the original lender will turn over the account to another
collection agency. If that person can't collect, then they will sell it to a
debt buyer for three to five cents on the dollar.
But, the paperwork hardly ever gets transferred over properly. Here is the
first step to removing it from your credit. Dispute it with the credit bureaus.
You may not agree that it is your collection. That will take 30-45 days to
process. It will often clear up the problem. Then, dispute it with the debt
buyer (or collection agency) noted on your report.
You can't dispute with them until you have disputed with the credit bureaus
first. Request an investigation. They have 30 days to respond.
Most will not have the proper documentation.
They may send you documentation. But, it isn't very specific. If that happens,
then ask for specific documentation. I would ask for a copy of a document that
is signed by the company that sold them the debt.
The document should clearly state all your account information. It should have
the account number, your information and address, and the amount owed.
In addition, it should be signed by the president of the company. That is the
burden of proof I would request. I doubt they would have something like that.
If the techniques above don't work (that will be rare), then settle the debt.
Pay them from five to twenty cents on the dollar. They agree to report to the
credit agencies as "paid as settled."
You get what you want and they get a little money. Everyone wins. 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
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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 How To Remove Collections From Your Credit Report And
Repair Your Credit After A Columbus Short Sale is provided as a courtesy to our
viewers to help them make informed decisions.
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