Columbus OH – I
have feared this for a long time. But today I found out that it is actually
happening. Here's the story.
Someone is short selling their home. The mortgage is with ABC Bank. They happen
to have their checking or savings account at ABC Bank.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
They stop paying on their mortgage. They thought their checking account was
safe because it is a different account from their mortgage.
Then one day their debit card stops working. "Hmm, this is weird. I know I
have money in this account. It should be working", they think to
themselves.
They go check their bank account balance and find out it has been
sucked dry. In addition, their savings account has been wiped
out as well. What could have happened?
Their lender levied their bank accounts to pay the mortgage that
month. The sad thing is that most people in this situation are
close to broke. Having their last bit of savings wiped out is devastating.
Now they don't even have enough money for gas to get to work. Here is how to
avoid having this happen to you. If you get behind on any type of loan, then
make sure your checking and savings accounts are with a separate entity.
If you are behind on a car payment, then move your account elsewhere.
You want to make sure that your bank is not owned by the same
institution.
For example, Wells Fargo recently purchased Wachovia. JP Morgan Chase purchased
Washington Mutual. Bank of America purchased Countrywide.
Now, some people think this doesn't matter because these lenders are so big.
"Bank of America is huge! They will never notice that I have my checking
account with them", they tell me.
Yes, that is often true. They might not notice. Or, I've had people make the
argument that they aren't allowed to levy a bank account. Yes, that might be
true as well.
But do you have time to read thru the 20 pages of fine print for when you first
opened your checking account? I'm not a lawyer and I would never try to go thru
all that.
It's much simpler to simply move your account elsewhere before you miss a
payment. 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 Thinking About A Columbus Short Sale? Don't Let Your Lender
Levy Your Bank Account is provided as a courtesy to our viewers to help them
make informed decisions.
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