Short Sale and Loan Modification Nightmares – Week One
It is just infuriating to try to help people when the banks are acting like brick walls! They seem to be just trying to protect themselves when in actuality, if they helped the home owners..it would actually help the banks and the nation.
Please write or call your congress person!!! Of course you'll get the "form letter" back...but if enough of us reach out maybe they'll listen.
Thanks for the great blog, Todd. Good Group to join too.
Jill
About a week ago I started a new group called "Short Sale and Loan Modification Nightmares" I asked other agents and loan officers to include their stories of whoa that would send to congress once a week. These stories are intended to wake up congress to what is really going on at the street level, not what the banks are telling them that is happening.So, here are this weeks stories and I ask you each to please send this post on to your congressman and maybe, just maybe we can get our point across that there is something that can be done, but it isn't giving them money!
Fred Chamberlin a Mortgage Consultant out of Eugene, Oregon wrote about a person that e-mailed him, because the owner of a property had some money, but knew that he was going to need some help and the banks again said they couldn't help because they weren't delinquent. Loan Modification Question, How Can You Get Help If You Value Your Credit?
Thom Abbott of Midtown Atlanta Real Estate wrote a great story of someone that had a great credit score and a bank that wasn't so willing to help, despite the promise of HOPE from the federal government. This is the exact situation that I hear everyday, there really is no HOPE, just false hope. THIS is EXACTLY Why The Mess We are In WILL Continue! Stop The Madness!
Kent Simpson with The Pepper Group our of Tucson, Arizona had a letter that he wrote to the loss mitigation departs of these banks that because of their slow reaction times on the time lines needed are losing money and buyers because they just decide they can no longer wait! Paralysis By Analysis - An Open Letter To Lender Loss-Mitigation Departments
I would like to invite everyone to join our group and the fight to get congress to understand that what needs to change is the banks and the way they deal with people and not that they just need money. The money is there, they just need to use it, the way it was intended.
Todd Clark - broker
Kastings & Associates
Phone: (503)524-9494
Fax: (503)622-8739
Todd@IFoundYourNewHome.com
www.ifoundyournewhome.com
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