There is a great deal of discrepancy about between the real world and what the media is saying about short sales and loan modifications nad foreclosures. A few days ago , I was listening to the Today Show and an expert was telling the stressed out public that if they are considering a loan modification or short sale that the lender is wrong to tell them that they won't do anything until they are in default.
EXCUSE ME?????? As a REALTOR, I hear nightmare stories from sellers who have been contacting their lenders daily to try to get loan modifications to save their homes. Others, who have been trying to sell their homes with no luck, trying to get lenders to work with them with answers such as "unless you are behind in your payments, we don't want to talk to you'.....what is so wrong with this picture? So once you are behind, whether you had to move for work or just financial reasons, the lenders have you over a barrell....you now are in default, you are in behind your payments (although they won't talk to you unless are?)....what a quagmire this has created, and our Congress is absolutley at a standstill...to our Country's downfall!
So, experts, whom do our clients call?
Comments (2)Subscribe to CommentsComment