Monday, September 10, 2012
Tuesday, August 21, 2012
Saturday, August 18, 2012
Columbus Short Sales: How To Keep Your Home With A Forbearance Agreement
Columbus OH – With a forbearance agreement, your
bank agrees to hold back on its legal right to exercise foreclosure on you.
They do this by coming up with a plan to bring you current on your mortgage
payments after giving you some kind of a breather period.
columbusohioshortsaleadvisors.theshortsaleguide.com/ Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
In Forbearance, your mortgage payments are either reduced or suspended for a time agreed on by your lender.
After the Forbearance period, you will be expected to resume making old payments plus make some additional partial payments to cover the arrears and eventually get the loan current.
Banks may stipulate that you make a single, lump sum payment by a given date to cover the missed payments.
The mortgage company may be willing to grant forbearance to persons whose incomes have been reduced temporarily for a number of reasons such as job loss, unpaid mandatory leave, illness or other emergency.
Before asking for such a loan modification, you should be ready to demonstrate your good-faith efforts to pay your mortgages and other bills and to reduce expenses.
This will only do more good than harm to your credit and therefore help you gain the confidence of your mortgage company. 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 columbusohioshortsaleadvisors.theshortsaleguide.com/ clicking here.
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. columbusohioshortsaleadvisors.theshortsaleguide.com/ Click here to request a copy.
Thanks for reading this,
Rick and Robin Lemmons.
Rick and Robin are a Real Estate Team
Coldwell Banker King Thompson.
Phone: 614-741-2495
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 OH Short Sales, Columbus Realtor, Columbus OH Short Sales, Columbus Realtor.
Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.
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 endorse 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 Columbus Short Sales: How To Keep Your Home With A Forbearance Agreement is provided as a courtesy to our viewers to help them make informed decisions.
columbusohioshortsaleadvisors.theshortsaleguide.com/ Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
In Forbearance, your mortgage payments are either reduced or suspended for a time agreed on by your lender.
After the Forbearance period, you will be expected to resume making old payments plus make some additional partial payments to cover the arrears and eventually get the loan current.
Banks may stipulate that you make a single, lump sum payment by a given date to cover the missed payments.
The mortgage company may be willing to grant forbearance to persons whose incomes have been reduced temporarily for a number of reasons such as job loss, unpaid mandatory leave, illness or other emergency.
Before asking for such a loan modification, you should be ready to demonstrate your good-faith efforts to pay your mortgages and other bills and to reduce expenses.
This will only do more good than harm to your credit and therefore help you gain the confidence of your mortgage company. 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 columbusohioshortsaleadvisors.theshortsaleguide.com/ clicking here.
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. columbusohioshortsaleadvisors.theshortsaleguide.com/ Click here to request a copy.
Thanks for reading this,
Rick and Robin Lemmons.
Rick and Robin are a Real Estate Team
Coldwell Banker King Thompson.
Phone: 614-741-2495
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 OH Short Sales, Columbus Realtor, Columbus OH Short Sales, Columbus Realtor.
Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.
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 endorse 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 Columbus Short Sales: How To Keep Your Home With A Forbearance Agreement is provided as a courtesy to our viewers to help them make informed decisions.
Wednesday, July 25, 2012
Wednesday, July 18, 2012
Tuesday, June 12, 2012
Columbus Short Sale Question: Should I Short Sale My Home?
"I have owned my house since 2006. My employer reduced my salary by 30% and now I have to move out of state where I have found a new job.
The house is a problem. Since 2006 my house price has dropped by about $40,000. That means I have a $40,000 deficiency, which I don't want to pay.
I have the option to rent out the house, but I am still considering a short sale. Any advice? Sergio."
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here was our answer to Sergio's Question: Sergio, I would attempt a short sale. Depending on your situation and the type of loan you have, more than likely you will not have a deficiency.
I can give you a better answer after I get more information from you. I wouldn't recommend renting the house. How hard is it going to be to manage when you are out of state?
What if the tenants stop paying? What if a pipe breaks and floods the house? I'm not saying don't rent the house. I just know from past experience that managing rental property from a distance is super tough.
I knew a real estate investor who targeted what he called "tired, out of town landlords." He would offer to buy their property below market.
Surprisingly, many of them accepted his lowball offers because they were so tired of dealing with the property. Here is the other downside on renting.
You will probably have negative cash flow every month. I don't know what your house will rent for. But, if you are upside down on your house value, then you are likely also upside down on the rental value.
That means you will almost certainly lose money on the rent every month. With your precarious financial situation, recent 30% salary cut, and move out of state, the last thing you need is another bill each month.
With a short sale you can walk away owing nothing, with no tax liability, and be eligible to buy another house in 3 years.
That sounds a lot better to me than being stuck with a money losing house 2 years from now. 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.
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.
Thanks for reading this, Rick and Robin Lemmons.
Rick and Robin are a Real Estate Team at Coldwell Banker King Thompson.
Phone: 614-741-2495.
robin.lemmons@kingthompson.com
A Zest For The Best
View My homes for sale at www.rickandrobin.com.
Rick and 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.
Sunday, June 3, 2012
Another Common Columbus Short Sale Myth: The Property Must Be Priced Reasonably
Columbus OH – I'm writing a
series in response to a number of big misconceptions I saw on a personal finance
website online.This myth is from what I saw in an article about short sales on a popular personal finance website. The writer claimed that in order for your home to qualify for a short sale it must be priced "reasonably."
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
It is obvious that the writer knows very little about short sales. I can tell you from personal experience that the banks don't care about whether or not the price is "reasonable."
The bank orders a version of an appraisal before approving a short sale. If the home is selling for the appraised value, then they will approve the short sale. If it is selling for substantially less, then they won't approve it.
No bank has ever asked me if the price was "reasonable." They just want to make sure it is selling for fairly close to the appraised value.
I think the point the article is trying to make is that the home can't be priced substantially under fair market value. Some short sales do sell for less than the fair market value.
In fact, some real estate investors have set up entire businesses dedicated to buying short sales under market value and then reselling them for profit. I don't condone or condemn such practices.
I don't recommend that you short sell your home to a real estate investor.
The short sale is much more likely to fail. The real estate investor is not trying to help you. They only want to buy your home for as low of a price as possible in order to ensure a big profit. 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.
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.
Thanks for reading this,
Rick and Robin Lemmons.
Rick and Robin are a Real Estate Team at Coldwell Banker King Thompson.
Phone: 614-741-2495
robin.lemmons@kingthompson.com.
A Zest For The Best
View Our homes for sale at www.rickandrobin.com.
Rick and 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 2011 SFI Marketing Institute, LLC. All Rights Reserved.
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