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2nd Mortgage holder won't return calls.... who are the dead beats now?

By
Real Estate Agent with 616 Realty LLC

I find it so hard to believe that trying to do the right thing is so hard!

 

Trying to do a short sale and the 2nd Mortgage holder won't return calls. At first the 2nd Mortgage holder wanted an unbelieveable amount for pay off. Then the new buyer was willing to pay additional monies to them, but they wanted more!!!!

Does anyone know how to report these guys?

It was stated to the agent that "We will make more if it goes to foreclosure". No kidding!!! How do we help people when it is so messed up.

I even know some agents that won't show homes if there is a 2nd Mortgage on them. How is this helping?

I also wrote a letter to the President, but..... well.... I am not going to express my feelings here.


I so want to be the voice to change this... not sure how.

 

All rights reserved, by Charlene Hammontree 2010, JGR Real Estate, Grand Rapids MICHIGAN

 

Bill Travis
Captain Bill Realty, LLC - Gilbert, AZ
Broker/Owner

Maybe you could try writing a letter to your Congressman to see if s/he will get involved.

Jul 21, 2010 12:44 AM
Don Spera
CR Property Group, LLC - East York, PA
Serving York and Adams County, PA

Charlene, those people working for these lending institutions get paid by the hour and are treating our clients inhumanely.  It is like our clients are on a production line and just another number with a label on it to go to the prioritized file drawer.  When it moves to the front, then you may get a phone call, but not normally from the decision maker.

Jul 21, 2010 01:11 AM
Charlene Hammontree
616 Realty LLC - Rockford, MI
Meeting the needs of Buyers and Sellers in MICH

Bill! I sent one yesterday! Thanks!!!

 

Don ~ You are so right! I agree with production line... thanks for the comment!

Jul 22, 2010 12:27 AM