Columbus
OH – The Stop Foreclosure Institute recently received a question from
another agent. Apparently they were being mislead on a
short sale by a large national lender.
Here
is the question we received: “Do you have a number to
contact Fannie Mae? The bank (Large National Bank) will not allow the
seller to not do a short sale and agree to repay the loss on a
promissory note.
She said that she has to talk to the investor
which is Fannie Mae. My seller just wants to sell and move on with
their life. Janet.”
Click here to discover how other sellers successfully did a short sale and avoided foreclosure. http://columbusohshortsaleadvisors.com/
Here
was our response. I understand the logic of what your
seller is trying to do. They think that they can just sell the home for
less than it’s worth, sign a promissory note for the difference, and
move on with their lives.
The sad reality is that life’s not that
simple, especially when you are dealing with bankers. Before they make
any changes on anything, they want to make sure that everything is okay.
In
order to make sure everything is okay, they will have to process the sale
as a short sale. That is why they demand before they will transfer the
upside down debt to a promissory note.
They always like to keep
things at the status quo. Any big changes need to be very carefully
evaluated. It’s just the way bankers work.
So, if your seller
wants to sell and repay the debt on a promissory note, then they will
have to go thru the formal short sale process. It’s the only option that
I see. 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: Bank won’t allow my seller to
avoid short sale process is provided as a courtesy to our viewers to
help them make informed decisions.
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