Short Sales: Ignoring Certified Letters From Your Lender. . a NO-NO

By
Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO

My Lender Has Sent Me a Certified Letter-
Should I Worry in A Short Sale?


Reality Estate

Oftentimes our clients./ the  homeowner will get a letter either from the bank or an attorneys office with the dreaded  NOD (Notice Of Default)
Your lender has an obligation to send you this letter when you stop making your mortgage payments.. .
This is regardless if your home is in the market as a short sale or not!’
This  letter is advising you and giving you a formal Notice of Default, which has been filed with the local county recorder’s office.
Many of our clients  don’t understand the significance of this letter or its full meaning.
As a PG County Short Sales Specialist in Maryland

WE NEED TO KNOW ABOUT IT . .. IF WE ARE HELPING YOU DO A SHORT SALE”

Many of our clients while we are helping do a short sale on their homes. .see a lot of letters and documents coming into their home, and they may not fully understand them.
My advice. .DON’T IGNORE THEM!
Often times we receive these letters in a package from our clients and the envelops have not even been opened!!!
Come on guys. . this is very important. . this not a time to IGNORE IT . .I know is bad news. .but by refusing to open them you are making my job harder. .

I will help you fight it . . but you also need to get involved!
If you are currently missing your mortgage payments and hoping that someone will come and fix your problem. Connecting with a  PG County Short Sales Specialist in Maryland  is a good start

www.Short-Sales-Expert.com

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Beth and Richard Witt 05/25/2012 06:17 AM
Topic:
Real Estate Industry
Location:
Maryland Prince George's County
Groups:
Short Sales Specialists
Short Sales Pre Foreclosures Bankruptcy and More!
Short Sale Support Group
Tags:
realtor
specialist
expert
short sales
pg county
short sales agent in maryland

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Rainmaker
4,432,217
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Fernando, Good advice for home owners. I hope they will read this post and take your advice.

May 24, 2012 11:17 PM #1
Rainmaker
2,704,775
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Good morning Fernando,

Burying one's head in the sand and ignoring bad news is not going to solve the problem.  Good post on reminding your clients to "help me, help you"!

May 24, 2012 11:17 PM #2
Rainer
325,077
Andrew Capelli
Hoover Elementary - Hazel Park, MI

Fernando: That is good advice!  As the saying goes, ignoring problems does not make them go away- better to just deal with it and (hopefully) get it over with.  Thanks for sharing, and have a great weekend!

May 24, 2012 11:22 PM #3
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Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA
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