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Does this rag smell like chloroform to you?

By
Managing Real Estate Broker with Maxus Realty Group of Samson Properties Broker - Realtor - CEO

The bank may as well be saying that. 

Some banks think that homeowners are drugged while the "PROCESS" of a loan modification is being considered.

My client was mortified.

After month and months of lost faxes, lost documents trying to save her home. .

Hours on the phone, incessant phone calls. Everything seemed to settle at first when she was accepted for a 3 month trial period of her loan modification. . soon 3 became 4 and 4 became 5 and finally on the 6th month she was told that she had two choices. .

Short sale or foreclosure.

She did not qualify for a loan modification after all. .

She was beaten, over two years since she learned for first time that her "interest-only" loan was a sucker loan. .she felt for it and now this. .

Are banks pushing homeowners into short sales?

Are banks pushing homeowners into foreclosures

 

Click on the picture to find the answers to these questions and more. . . .

 

 

 

 

 

 

Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Fernando.....sometimes it makes you feel like they are.....it's like they just put you off until they decide what to do with you......nice post!
Hope you have a great day!---Rob

Go Vols!

Sep 21, 2011 12:19 AM
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hello Fernando,

I think the banks take classes in "how to delay modifications and other stuff".

It seems they have this type of doing business down to a science.

Have a great day my friend.

Best, Clint mckie

Sep 21, 2011 12:49 AM
Fernando Herboso - Associate Broker MD, & VA
Maxus Realty Group of Samson Properties - Clarksburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Thank you for stopping by guys.. 

Sep 21, 2011 12:56 AM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Fernando,

I learned a long time go in business career to never trust any bank even when they supposedly are the main bank representing a huge corporation. These most of these "major banks" are just robber barons in good guys clothes.

Sep 21, 2011 04:20 AM
Chase Green
Pursuit Troop - Logan, UT
Utah SEO & Internet Marketing

Fernando, I don't know much about this subject, but I do know that banks do what they want when they want and it's sickening. Sorry to hear about your client, best of luck with your next deal.

Sep 21, 2011 08:12 AM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

They are Fernando.  It eliminates the robo signature foreclosure problems.

Sep 21, 2011 11:47 PM