The Dilemma: Being late to be noticed

Are you a frustrated homeowner who wants to get your lender’s attention for your loan modification or short sale by being late in your monthly mortgage?  By being late, the seller actually eliminates the possibility to purchase again for the next few years because the new lender will pull the applicants credit not only once, twice, but sometimes three times to make sure they qualify for the loan.  Also the sellers foreclosure timeline starts as soon as the the seller becomes late and a Notice of Default is filed.

Instead of trying to get the banks attention, try to look at you financials and see if you have experienced any true hardships such as:  job loss, pay reduction, debt, divorce.  Maybe you are not asking the right questions and presenting the right information.  What do you owe on the property, what assets do you have, can we work out a pay-off?

As a Certified Distressed Property Expert (CDPE), I try to look at a short sale from a banks perspective, FINANCIALLY.  The worst thing a seller can do is just stop payments because they do not think the home is work the value.   Talk to me, your real estate professional, along with your CPA and real estate attorney to help find your best possible solutions.

Remember: 1. You may stop doing business with us at any time. 2. You may accept or reject the offer of mortgage assistance we obtain from your lender (or Servicer). If you reject the offer, you will NOT have to pay us for our services. 3. Neither we nor our broker is associated with the government, and our service is not approved by the government or your lender. 4. Even if you accept this offer and use our service, your lender may not agree change your loan.

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s