Every day I get up and go to work I have to face with the reality.
How can we let this happen?
Banks owning our homes!!!!.
"Ye who have the gold make the rules" or how do that goes?
We cannot longer feel secure that we will have a job tomorrow, some like us are making good that we can't really see it.
We are been shut down from every angle by our government who is giving the Banks more power and less regulations.
Now Banks by asking homeowners to call when listing their home on a short sale (Pre-foreclosure), as Bank Of America did to some of my clients, have the opportunity to probe the homeowners and ask them if they are interested in given up their home.
This individual at the bank was short of asking my client for a DEE-IN-LIEU.
We know that this will carry greater risk and homeowners are expose if they agree to take this path without getting legal advice. If the buyers is not advice by the bank to seek for legal consultation he (the homeowner) will probably commit himself to a voluntary negotiation that he will not understand living himself open for more damages'.
We should not let our clients expose to this abuse. This will be like having our home been broken in and hiring the thief to come over to install our home alarm.
My advice is to do a 3 way calling; by this time you should have an authorization by the homeowner in the Banks' system, get him ready in what to expect from the bank when making this call, have his finances and gross income ready.
When they know that I am in listening they have not ask my client if he is interested in givin up his or her home.
Read more about Deed in lieu of foreclosure on Wikipedia
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