short sale: The Hard Facts - a real life foreclosure series - Part II
- 12/14/07 09:15 AM
The Hard Facts - Part II - Making a plan for the future, when everything is falling apart, isn't an easy task. It takes a ton of skill to guide anyone through those waters, but doing it with someone who is about to lose their home takes it to a different level altogether. It had taken several days to gather all of the required documents for submitting an offer to the lender, an offer that was fair for the house but not enough to cover the debt and costs of a sale. The process went like this: I told Bob and Faith that … (1 comments)
short sale: The Hard Facts - a real life foreclosure series
- 12/10/07 09:40 AM
The Hard Facts, Part I: The family had about 8 of those blow up Christmas ornaments in their yard when I got their, all bobbing in the breeze, and lending a surreal air to the coming experience. I was there to tell them that they had little choice but to start looking for another place to live. Their debt was more than the house was worth and, after exploring all of the other options, it looked like we would have to try and negotiate with the lender to discount the property so we could get it sold. We looked over the debt … (2 comments)
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