Admin

Mortgage Madness Leads to Short Sales

By
Real Estate Agent with TLC Real Estate Inc.
Lenders have made it even tougher to get a loan now!  They go too far one way and snap back like a rubber band and go too far the opposite direction!  Can't we all just have some common sense?  Not long ago lenders were making it all too easy to get a loan at 100% and even 120% of purchase price.  You could get an inflated appraisal on your home and take more than the home could sell for out of the home leaving the homeowner sometimes unknowingly upside down and leaving those mortgages very unsecure!  No wonder we had all the foreclosure!!  The lenders who profited off making those "silly" loans should be on the hook for taking the losses not passing their poor judgements on to the people.  If you know of anyone who is "upside down" on their home due to this I can help them do a short sale.  A short sale is one where the bank takes the loss not the homeowner.  Please feel free to call me if you have any questions. Douglas, Sarpy & Cass Counties

Comments(1)

Show All Comments Sort:
Tari Lynn Crompton
TLC Real Estate Inc. - Bellevue, NE
Professional Realtor/ Broker
Thank you David!  How long have you been on here?
Sep 20, 2007 01:48 PM