Many of these homeowners write with great emotions, frustration and and irritation about how their banks have messed around with them for months and still never grant their loan modification. They will write about the over promises, idiotic demands and repetitive steps in getting their loan modification granted. Although every story is different, the theme is the same. The mortgage bank lost my documents, skipped my file, gave conflicting updates by multiple representatives, or gave misleading progress reports. In the end, the homeowners received a foreclosure notice rather than the loan modification acceptance letter. By this time there is very little time to work out a short sale. Some homeowners say the banks lied to them, tricked them into going into default, refused to give them documentation that verified any verbal agreements, and then left them up a creek without a paddle.
For these people, a short sale might be the answer. It's not the answer that results in homeowners keeping their homes, but it is better than a foreclosure. Most clients who we help with a short sale, wished that they would have started the short sale process much sooner.
Most homeowner don't know that there is not cost and in many cases the mortgage lender will offer relocation assistance.
If you know of someone who is struggling to make their house payments and have been fighting for a loan modification, maybe we can help.
RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?
Another blog post written by:
The Real Estate Wizards of Kansas City
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