I've had it, I QUIT! The bank can have my house!

By
Real Estate Agent with All Real Estate Options

That's a feeling oh too common when you're fighting a foreclosure. You get tired of the never ending phone calls, the stress eats away at your sanity. You can't sleep, all you do is think about how your American dream has turned into a nightmare. Enough is enough you just want this to be done! You say: "Who cares if my credit will be ruined, I just want to feel peace again!"

Is that you? Is that how you feel? Hey, it's normal to feel that way.

No this isn't a session with Dr Phil! This is an attempt to help you to reach down inside and continue the fight! I know this isn't as serious as fighting a disease but the stress and worry will make you sick! You ask, why should I continue to fight? Nothing is going my way. My house is on the market, I'm getting showings, I've gotten 3 contracts and the first two have fell through and the third, well it looks just as shaky. Enough!

Is walking away with your hands thrown up in defeat what ya really want?

Do you want to rent for the next five years, because if you let your house go into foreclosure, that's the time the lenders have said they'll loan to you again. Do you want someone else telling you what you can or can not do in or to your home for 5 years? That you can't paint, you can't take in that cute little stray kitten your kids brought home. Ya gotta make sure the carpets stay perfect, the walls don't have marks and the list goes on! Or what's worse is you get settled and you find out a few months into your lease, that the landlord hasn't been making their payments and the house is going into foreclosure! You pay your rent on time but the owner doesn't have the same courtesy with their mortgage for you. Let's look at this.......

Freddie Mac and Fannie Mae are saying you can't get a loan for 5 years if your home goes into foreclosure. 2 years they say if you do a short sale. Yes you have to rent for 2 years with the same dangers and nuisances as 5 years but 2 is much better than 5. Take those two years and pay your debt off, save money and build your credit. Learn from your mistakes.

There are times in  life that it was just plain hard and instead of giving up, you fought, you dug deeper!

You stayed with the fight and when it was over you felt like you accomplished something because you saw it through to the end! It felt good. And I bet there are times when you let go just a little too soon and later ya wished ya stayed with the fight because the results would have been better. But hey! You live and learn.

Now I'm not saying every house on the market as a short sale will sell, some don't and the end result is a foreclosure. At the end of the day though, you can say I tried everything I could and I didn't give up. No regret, again you just learn from your mistakes and move on.

You see, this is how I feel about my short sale listings. I don't believe in giving up. I will fight in getting your home sold until it's either sold, or until the unfortunate may happen and it's foreclosed on. I will do everything I can do to try to prevent the latter.

If you're in foreclosure and you don't know what your options are, call me (904-910-3516) or email me at pam@pamgraham.com. Also check out my avoid foreclosure pages. Maybe you've had your home on the market with an agent who has given up but you haven't yet, contact me and we'll see if we can come up with a plan. I'm not going to say that I'm the ultimate short sale expert, short sales have just become the norm in the past year or two. Every lien holder is different they have their different policies or for some lack of policies. I've learned from the experts who have done short sales when no one knew what a short sale was. I have a system, I don't give up and I treat all parties involved with respect. I leave my ego at the door and I work hard to get your house closed.

If you're ready to fight or ready to continue to fight, let me know, I'll fight with you!

Originally published at Jacksonville Florida Real Estate

 

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Pam lists and sells homes in Jacksonville, Orange Park, Green Cove Springs, Fleming Island, Middleburg,Ponte Vedra, Atlantic Beach, Neptune Beach, Jacksonville Beach, Orangedale, Fruit Cove, Switzerland and St Johns County Florida.

Are you facing foreclosure? Call Pam at 904-910-3516 to discuss your options.

Pam Graham with All Real Estate Options handles Jacksonville Florida short sales, Orange Park Florida short sales, Fleming Island Florida Short sales, Middleburg Florida short sales, Green Cove Springs Florida short sales, St Johns County Florida short sales, Ponte Vedra Florida short sales, St Augustine short sales, Palm Valley short sales, Duval County Florida short sales and Clay County Florida short sales.

 

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Mortgage Assistance Relief Services Disclosure

ALL Real Estate Options is not associated with the government and our services have not been approved by the government or your Lender. If you stop paying your mortgage you could lose your home and damage your credit. Your Lender may not agree to the change of your loan and/or a Short Sale.With a Short Sale, there are no guarantees offered and we cannot provide legal advice. Seek legal advice.

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Rainmaker
596,993
Jim Hale
ACTIONAGENTS.NET - Eugene, OR
Eugene Oregon's Best Home Search Website

If a homeowner is far enough behind on mortgage payments to be receiving the kind of harassment/stress you mention, their credit is very liekly already so damaged that doing a short sale will NOT help them.

May 31, 2009 08:18 AM #1
Rainmaker
307,734
Pam Graham
All Real Estate Options - Jacksonville, FL
Jacksonville, Clay & St Johns Counties

Hi Jim-Why wouldn't it help them? A foreclosure will be more damaging than a short sale. Sometimes the lien holder will not report it as a short sale so the only thing on their credit would be late pays and in 2 years the late pays would be off.

May 31, 2009 10:00 AM #2
Rainmaker
595,381
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate

You make a compelling argument for not going the foreclosure route. And the way you've described the process, I'm sure many people will take pause before allowing a foreclosure, if at all possible.

May 31, 2009 11:41 AM #3
Rainmaker
307,734
Pam Graham
All Real Estate Options - Jacksonville, FL
Jacksonville, Clay & St Johns Counties

Lisa-As hard as it is to keep on keeping on, I think people would feel more relieved knowing they avoided a foreclosure.

Jun 01, 2009 04:47 AM #4
Ambassador
1,229,656
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

Right now we are training our new dog and our trainer is helping us to understand that we need to show the dog whose boss. If a person gives in when negotiating a short sale, they are giving in to bureaucracy. It sounds like you never give up and do the best for your clients. I salute you!

Jun 02, 2009 03:35 PM #5
Rainmaker
307,734
Pam Graham
All Real Estate Options - Jacksonville, FL
Jacksonville, Clay & St Johns Counties

Melissa-I like how you compared it to training your dog!!! You are right you can't give in....

Jun 03, 2009 01:05 AM #6
Rainer
321,367
Russel Ray, San Diego Business & Marketing Consultant & Photographer
Russel Ray - San Diego State University, CA

I helped a friend last year file for bankruptcy, doing all the research and paper work. Since they had a modest house, they got to keep it, and now that he has a job again and the wife has a promotion but no debt other than the mortgage, they are much better off. They had originally considered walking away from the house and letting the bank foreclose, but they still had too much debt, and I found in my research that if the home isn't out of line for them, they could probably keep it. The bankruptcy judges don't look too kindly on McMansions during bankruptcies, though. After their bankruptcy was discharged last July, they got all sorts of offers for credit cards, home loans, car loans, etc. It was amazing.

Jun 27, 2009 08:22 PM #7
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Rainmaker
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Pam Graham

Jacksonville, Clay & St Johns Counties
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