Posted by Alex on October 21, 2008 at 12:45:36:
My lender more or less told me that they had programs to help me out but when I called the people they told me to call; they asked me some questions and then told me " we can’t help you or lower your payment you might consider getting a company who deals in short sales and then we’ll work with them." So much for one of the biggest home loans companys help.
National Short Sale Center? - Posted by Al
Posted by Al on August 20, 2008 at 08:45:59:
Has anyone used this company and what’s the credit hit usually do? They company says anywhere from 50-100 points and says that’s a heck of lot better than foreclosure. Any thoughts? Thanks
Re: National Short Sale Center? - Posted by River City
Posted by River City on August 21, 2008 at 07:44:53:
Why would anyone need a company to help them when all they have to do is contact their lender if they are in trouble. I believe this is an advertisement, and this company is just another blood sucker preying on people when they are down. When people are in danger of foreclosure, they should contact their lender and work with them and forget about companies like this.
Re: National Short Sale Center? - Posted by Al
Posted by Al on August 22, 2008 at 14:26:26:
This is question for people who can come from a position of knowledge, not from weak speculation from someone who doesn’t know. This company arranges for the appraisal, submits an in/out analysis of $ for the
client, once agreed to by the lender they find a realtor and sell the property. The lender pays the commission to the Short Sale Center, not the home owne. I’m sure they are in the business of aquiring the homes as well…a little advantage for them. So, out of pocket money from me and it’s in writing.
Remember, not everyone has your Type A personality and is capable of a high level negotiation. Sometimes homeowners are not in it as investors. Try to remember your manners before piping up next time.
Bravo - Posted by aj
Posted by aj on September 04, 2008 at 22:56:49:
You can count on one hand the number of banks that work with people in a constructive manner. It’s the banks that are the “bloodsuckers” and their defenders either don’t know or don’t care about the bank shenanigans.
It is the banks that have caused this mess by creating ways to get around underwriting criteria. When I did loans, the reps regularly told us how to “beat” the system.
Re: Bravo - Posted by broke in cleveland
Posted by broke in cleveland on October 20, 2008 at 03:28:25:
my lender gave me three options…find a part time job,take in borders or make the payment like i am supposed to…then several months later their comment was that i was a fixed rate and there is nothing that they can do…house is mtg’d for about 191k and only worth about 130…