Yes, I love blogging but only when I have a point to make or with something substantial and I am excited today.
If your mortgage holder is Wachovia or their affiliates and you are in a hardship sitation, you have a solution now and do not ignore it.
Just got out of a meeting with Wachovia an hour ago and they amazed me at their willingness to negotiate a Short Sale.If you need to short sell your home, please do not wait another minute.If you have been served a Notice of Default or are very close to foreclosure, you can still be helped.
If you fall under the category of a Hardship, I am confident( and have been given the assurance by Wachovia) I can:
Directly negotiate a Short Pay transaction.
Arrange for a personal consultation between you and the Short Sale Manager.
Get you an SPO demand with "minimum net" within 48 hours of receipt of appraisal and BPO
Local Short Sale Manager is the point of contact for the duration of the transaction... No Black Hole!
Negotiate and Complete the Sale of your property.
I am convinced that Wachovia is 100% on board with trying to help their customers and I want to help too. There were some other very exciting things that I learnt today and will be sharing them with all the readers soon.But if you or a friend you know who is in a hardship/ have a loan with Wachovia and want to short sell, do not wait. Pass on the message and we will leave no stone unturned to get it done!!
Maybe I am too novice to understand this but shouldn't they help the people will mortagages by reducing their payment instead of they working with agents like you to promote a short sale.
I can understand as a real estate agent you benefit from the short sale rather than loan modification
Unfortunately, lenders are not doing short refinances right now.I am not promoting a short sale and it is not suitable for everyone but I think it is an indirect way of them saying they are willing to help people who are in a hardship situation.I always encourage my clients to get a loan modification first, which is always the best solution to keep people in their homes.But in cases of job loss, it will be difficult to get a loan mod because lenders want to see that you can afford to make the new payment. I have a situation on hand where the seller is in financial hardship and I put him in touch with the loan mod department but they rejected his file. So now the other solution is to short sell.It is very unfortunate that banks are not understanding what it takes to keep people in their homes, but with Wachovia- I am convinced that they are helping the borrower and also themselves because they would save atleast 60-70K,over and above their other losses,by not foreclosing. THey are still a lot better than other lenders who will simply foreclose.
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Maybe I am too novice to understand this but shouldn't they help the people will mortagages by reducing their payment instead of they working with agents like you to promote a short sale.
I can understand as a real estate agent you benefit from the short sale rather than loan modification