Save Your Home with little known fact

By
Managing Real Estate Broker with Flexit Realty "Flexible Home Selling Solutions"

Foreclosure has become an epedemic of national proportions.

The rate of foreclosure and bankruptcy in Michigan has skyrocketed.  Just in Kent County we are seeing an average of 10 foreclosures a week.

Many homeowners facing foreclosure can not work out anything with lenders.  They have found the lender won't take their money.  Pay them all or nothing. 

Seems odd that a lender would turn down money.  We are being told they don't want the properties yet when home owners try to pay portions....doing what they can the lender says, NO!

Here is a little video that shows something that many will have not idea exists.  Many lenders lose the notes on the property.  How? Some just have sloppy paperwork other bundle and sell the notes and they get sold so often they are lost!

Doesn't that make you feel better putting your money in a bank?

Here is a video I have been allowed to repost from CNN Money.

Click and see for yourself....you may be surprised.  There is a 30 second spot commercial before the video.  http://money.cnn.com/video/news/2008/06/20/news.hunter.produce.note.cnnmoney/

Embedded video from CNNMoney.com Video

Gary L White, FlexIt Realty, www.flexitrealty.com

If you live in the Grand Rapids or the West FlexIt Realty logo www.flexitrealty.comMichigan area, are not under contract and would like to sell or buy a home....give me a call.  It could save you thousands in your next real estate transaction.  FlexIt Realty designs selling and buying programs to meet our clients needs.  Your call is always confidential and you are never pressured.

"Help is only a Call or Click away!"©2006-2009

Call Toll Free:  877-667-4699   Local: 616-784-2360 
Email:
garywhite@FlexItRealty.com

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Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Michigan Kent County Grand Rapids
Groups:
Realtors®
Michigan Realtors
Greater GRAND RAPIDS, MI Real Estate
Michigan Foreclosure and Short Sale News
Tags:
foreclosures
seller anxiety
stopping foreclosure
lending risks

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Ambassador
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Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Thanks for the video. I will watch it this morning with coffee.

Apr 26, 2009 01:44 AM #1
Ambassador
1,229,856
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

Gary: I saw this video and I asked a financier friend of mine what would happen to our economy if everyone sued for the investor to produce the note? If the investor could not produce the note ever, nobody would be making an payments, right? And . . . the banks could not foreclose. Unless I do not get it (which is possible) this would mean that our economy would bottom out into a far greater depression than we saw in the 20s and 30s because the banks would absolutely bottom out with no money. Oh wait . . . I think I see Mr. Obama coming. ;-)

Apr 26, 2009 02:01 AM #2
Ambassador
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Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Start spreading the news. . .our economy will rebound and this is our time to shine! 

Apr 26, 2009 02:08 AM #3
Rainmaker
2,398,507
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

You would be surprised at how many are lost with countrywide alone. I had 6 last year stop foreclosure by demanding the original,not a copy of the mortgage. But you have to really pressure the judge because he is in control and can continue without.

Apr 26, 2009 08:51 AM #4
Rainmaker
167,113
Sonja Babic
Sonja Babic/PRIME Realty NC, LLC - New Bern, NC
New Bern NC, PRIME Realty NC, LLC

This news to me and great info thank you Gary. I might want to check on the original in the future.Thanks

Apr 27, 2009 12:15 AM #5
Rainer
494,722
Lynn911.com ~ Dallas Real Estate Agent Top Team
Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com - Dallas, TX

Gary I love you hand coming out of the screen, GREAT POST matter of working with lenders in a kind manner not harsh words ! Have a wonderful and successful week.

Apr 28, 2009 02:38 AM #6
Rainmaker
643,145
Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro

Gary, That's scary isn't it?  I had a buyer buy a foreclosure last year and it had some kind of problem like this and took forever to close.

Apr 28, 2009 09:40 AM #7
Ambassador
2,009,552
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Amazing to think this important paperwork might be lost.  It makes you wonder . . .

Apr 28, 2009 05:27 PM #8
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Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375

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