'....it is ridiculous to see homes selling for a whole lot less than what I paid for mine'  that was the sentiment of one frustrated homeowner recently during a conversation with me.  What hurts them the most is seeing their exact home few blocks down selling for half the price and it is eating them up.  I suggested that they contact the bank and see what the bank is willing to do for them.  They did not believe the bank was willing to even listen to them.  They stated we see on the TV all these people who said that the bank is not listening to them.

I suggested that they called anyway.  A few days later, I was told that they were able to get in touch with the bank and the bank is sending them some papers for them to fill out!

Wow....yes, that is the first step.  Do not ASSUME the bank will not listen to you.  Do not listen to negative remarks about the bank, each bank is somewhat different and many have caring people working for them.  The bank is not interested in having their homes sit vacant and to lose value.

Yes, many banks are ready and willing to work with you.  Unless you take the initiative, you will never know.  Remember this is your interest, be determined to get the answer you are looking for. 

So though it might seem ridiculous that the home down the street is selling for a lot less, it is not ridiculous for you to get in touch with the bank and ask them to reconsider your loan information.

 

Who Says Buyers Are Not Buying?
05/25/2008
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If you want to know if there are buyers out there, you first need to make sure you have couple good properties on the market that are ready to sell at realonable price in todays' market. You may also talk to several title companies, they are the… more
Poinciana Is Growing In Power…
05/25/2008
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The once booming community of Poinciana is not immune to the attack of foreclosure, short-sales, etc. However, despite these negative marks within the community, Poinciana recently added to major power station within the commuity. What does that… more
Hope for Borrowers Facing Foreclosures…
05/02/2008
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It was reported that late Thursday that a key committee in the House Representative passed legislation which would make it possible for borrowers facing foreclosure to get up to $300 billion in federally insured mortgages. Troubled borrower will… more
Orange Groves Replaced With Vacant Land
05/01/2008
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Have you ever had the opportunity to smell orange blossoms? The wonderful aroma is very refreshing to many. The image above was once filled with orange groves now; it is replaced by vacant land with nothing but grass, streets, light poles and dirt… more
City of Kissimmee and Eminent Domain Who Wins?
05/01/2008
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Sometime ago, the local government tried to take over this piece of property for the purpose of road expansion. The owner was determined to sit is ground and felt he had a right to his property. Stating he went out and serve his country and deserve… more
Poinciana Changing Landscape…
05/01/2008
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As a thirteen year resident of Poinciana, I've seen dramatic changes taken place right before my eyes. At one point, one of the biggest complaints for us, was a lack of commercial properties for us to do our shopping and dining. Now, Poinciana… more
No Equity??
04/25/2008
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Netta, 'I'm upside down on my mortgage, what should I do? ' That was the question ask of me by a seller who had invested tons into his home which is now worth less that half its value. The question that he ask me is not unusual by any… more
Many Advantages To Buying Bank Owned Properties…
04/25/2008
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When some people hear of bank owned properties, the first thing that comes to their minds are damaged properties. However, here in my service areas, the majority of the properties are in good condition. Some are even brand new construction with tons… more
Are You Immune To The Changing Market?…
04/24/2008
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Every day, more and more agents are throwing in the towels to find other ways to make ends meet. Some are finding it difficult to stay above water. What is it that is keeping me in this business? For one, it is because I am passionate about what I… more
 

Netta Blackwood - REO/BPO Expert

Kissimmee, FL

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La Rosa Realty

Cell Phone: (407) 334-5391

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Looking For Reliable Information About Central Florida and Surrounding Areas...Then You Have Come To The Right Place....Choose A Realtor With A Difference - Willing To Go Above & Beyond To Help You Fulfill Your Real Estate Needs.


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