advice: Short Sale Challenges
- 06/09/11 10:56 AM
If banks wonder why so many short sales fail, they might begin by looking in the mirror. I was approached several days ago by a homeowner in her late 70's who just received two letters in the mail. The first letter said her request for loan modification had been denied. The second letter said the trustee sale was scheduled for June 30th, just four weeks away. Her husband, also in his late 70's, suffers from dimentia, paralysis from two strokes, and had been scheduled for cancer surgery the same day as the trustee sale, now less than four weeks away. I advised … (1 comments)
If banks wonder why so many short sales fail, they might begin by looking in the mirror. I was approached several days ago by a homeowner in her late 70's who just received two letters in the mail. The first letter said her request for loan modification had been denied. The second letter said the trustee sale was scheduled for June 30th, just four weeks away. Her husband, also in his late 70's, suffers from dimentia, paralysis from two strokes, and had been scheduled for cancer surgery the same day as the trustee sale, now less than four weeks away. I advised … (1 comments)
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