Short Sale Process Rocklin – Here are a few things you should not be surprised to see crop up during the Rocklin Short Sale Process.
Unscrupulous Debt Collection Tactics. If you are facing financial hardship, then paying credit cards and other unsecured debts is your lowest priority. An unsecured debt is a debt without collateral, meaning the lender can’t take away your car or house. A secured debt has something as collateral, such as your car, house, or anything else of value.
The most common unsecured debt is a credit card. When you stop paying them, they will call you nonstop. The reason is because they don’t have any other way to collect from you.
They can’t take away your car or take your house. So, they make up for that by blowing up your phone with harassing calls. In addition, they use deceptive tricks to get you to pay them.
For example, there are Federal Laws that regulate what they can do or say. They can't threaten to sue you and not follow thru.
To get around this rule, they will use language that sounds legal, but isn’t. In one situation, a debt collector in Buffalo, New York named their firm Hoffman, Weinberg & O’Brien to make it sound like they were a law firm.
They would then leave messages on people’s answering machines. They would say they were with the office of Hoffman, Weinberg & O’Brien and then say they may resort to future legal action. In addition, they would reference case number 8306042.
If you didn’t know any better, you would think the case number was for an actual lawsuit against you. That is scary. Don’t you agree?
Most credit card accounts never sue (despite the constant threats.) Even when they do sue and get a judgment, they rarely ever attempt to garnish wages.
A lot of judgments expire without getting paid. But, a lot of them get paid off when a person’s income increases, or that person sells a valuable asset such as a house.
It might seem like the process takes a long time. Some short sales only take a few months. Before you know it you are moving out of your house and onto the next place.
However, some short sales will take a lot longer. We have a file that we have been working on for 9 months.
It’s not the end of the world. Just stay put and keep on saving the money you would be using for rent. In most cases the short sale will eventually be approved and you can move on with your life.
Your lender may attempt to collect money from you when they aren’t legally entitled to do so. We have heard several stories of some lenders asking for a promissory note when the state the property was in did not allow the lender to pursue the homeowner after a short sale.
Talk to a lawyer to see if you are obligated to repay the debt. You could probably get out of repaying it if you tried. Thinking about a short sale?
I can help you short sale your property and never pay the bank another penny. Send me an e-mail at email@example.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (916) 580-6084
Discover how other sellers successfully completed a Rocklin Short Sale and request a free consultation.
Thanks for reading this, Mark Peek.
Mark is a Real Estate Agent at Keller Williams Realty. Rocklin Short Sale Realtor. Short Sale Process Rocklin:
Phone: (916) 580-6084. firstname.lastname@example.org.
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Mark Peek specializes in loan modification assistance and short sales in Rocklin CA and surrounding areas. Rocklin Loan Modification Help, Rocklin Short Sales. Rocklin Short Sale Realtor. , Short Sale Realtor. Rocklin CA Short Sales. Rocklin Realtor. Short Sale Process Rocklin. Rocklin Short Sale Process.
Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Mark Peek's personal views and do not reflect the views of Keller Williams Realty on Short Sale Process Rocklin.
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