Short Sales & Loan Modification Horror Stories: Q & A Session
Hundreds of thousands of real estate agents and homeowners are running into trouble closing their short sales & loan modifications. Here is your opportunity to share your thoughts and concerns on your short sales/loan modifications. Feel free to ask as many questions as you’d like. Who knows? You might discover just what you need to save you or your client’s home from going into foreclosure.
Questions to think about:
Are you having trouble with any particular lender? If so, who and why?
Is the lender not accepting your short sale even if you believe it is full price?
Are lenders giving you the “run around” with their loss mitigation department? Are you having a hard time reaching somebody who can help you?
Have your local HUD agencies been helpful assisting you with your loan modification?
Have you had any bad experiences with non-profit/for-profit loan companies? Bad experiences with short sale agents or negotiators?
Are you having a hard time holding onto buyers for 3-4 months until short sale approval? What have your been experiences been like with the lender once they know the buyer is off the table?
Is the lender being frustratingly persistent about charging your homeowner with a deficiency judgement or note for the difference between your sales price and the loan amount?
Just some questions to get you thinking. Post away!