Denver, CO – How many "horror stories" do you have in regards to the incompetence of the lender's short sale negotiators / loss mitigation department?Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
After, losing a short sale transaction to a Large well known Bank, Ok, Wells Fargo ... we decided to gather the data from negotiating with WF, and provide the case to our local Congress persons, via the fax. Do we know if anything comes of it, not at this point, but we want them to KNOW what the taxpayers are feeling, today!!
This short sale listing was worked for 5 months, with NO success by the WF negotiators. They claim it was due to FNMA not working the postponement of the foreclosure sale date. We know it was the incompetence of the negotiator and her management!
We had 3 offers during this time frame, with a CASH offer for over 9 weeks. The cash offer was for $160,000, and we had it listed for 3 months at $158,000 before that offer came in. We had been negotiating for 8 weeks on this offer and the negotiator kept losing the file!!?? She was always missing documents or forgot to work it.
After, many discussions with her supervisor, they finally assigned a new person WHO did not work the postponement with FNMA on the foreclosure sale date!!
Bottom line is, it became a bank owned property 5 months later, and SOLD for $142,000!! YES, they lost approximately $18,000 on this one.
Examples are Fannie Mae owned loans, Freddie Mac owned loans, FHA insured loans, VA insured Loans, and even USDA insured loans.
Get the word out to Congress on these issues, and DO NOT be afraid to name the individuals at the bank, in your correspondence!
Thinking about a short sale?
I can help you short sale your property and never pay the bank another penny. Send me an e-mail at denverforeclosureblog@gmail.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 303-521-0984
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification?Our Westminster loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Request your FREE copy, below!
Thanks for reading this, Dan Hopper.
View My homes for sale at www.danhopper.com.
Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.
For related blog / video blogs, click on the links, below!!
http://denverloanmodhelp.com/?p=301
www.youtube.com/user/denverloanmodhelp
www.youtube.com/user/yourhomesellshere
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Important Notice
Dan Hopper, Remax Alliance, 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 Dan Hopper's personal views and do not reflect the views of RE/MAX Alliance.
This information on Stop Foreclosure: Notify Congress of Your Failed Short Sales!, is provided as a courtesy to our viewers to help them make informed decisions.
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