Why can't people, who strive to make their payment, get a little help?

Real Estate Agent with RE/MAX Professionals.

 Do you have to give up your good credit to refinance your Home?

Two clients; going to two separate financial experts; the same answer.

Client A;

  • A fulltime schoolteacher with a master's degree...
  • Bought home for $189,000, four years ago...
  • Now appraises for $110,000...

Financial advisor says they can't be of assistance unless they miss a payment.  There are not any assistance programs for people with 700+ credit scores and good paying jobs.

Client B;

  • A divorced mother and fulltime real estate agent...
  • Bought home for $275,000, five years ago, with ex husband
  • Got 100% of the house and equity four years ago
  • House appraised at the time of the divorce for $340,000
  • Now apraises for $195,000

Financial advisor says she can't get assistance unless she misses a payment.  Being an independent contractor with a roller-coaster income she seeks help from her parents on slow months and pays them back on good months.  Her credit is good but banks are leery of her income history.

Why do people, who strive to make their payments, get screwed no respect or help?  


This post was authored  by Paul Henderson. ©2012, All Rights Reserved, This content may not be reproduced or reprinted (Except for ActiveRain Re-blogging) without express written permission of Paul HendersonRE/MAX Professionals, Tacoma, WA.



Posted by

 and courtesy of 

Paul S. Henderson, Residential Real Estate Broker 

Tacoma Washington 

Realtor ® BPOR, CRS, GRI, CDPE

RE/MAX Professionals

4801 S 19th Street, Suite 200

Tacoma WA. 98405



Paul's Service Area


As a Residential Broker and Relocation Specialist, I sell homes in or around ,Tacoma, Gig Harbor, Lakewood, Steilacoom,  University Place, DuPont and Hartstene Pointe in Washington State.
Please visit my website at Paul Henderson to search for homes and information 

(all information is believed to be accurate but is not guaranteed or warranted in any way)

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(As a member of the NWMLS, this blog post is intended to comply with NWMLS rules as pertaining to blogging.)





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Kathryn Maguire
GreatNorfolkHomes.com (757) 560-0881 - Chesapeake, VA
Serving Chesapeake, Norfolk, VA Beach

Aa very good question that we have all asked.  However, I have negotiated short sales for people who have not missed payments but had documented financial hardships. It was not easy!

Aug 08, 2012 01:26 AM #1
Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

I've wondered that for a very long time. There is a reason you have to be careful in divorce, but telling someone to miss a payment is just wrong.

Aug 08, 2012 06:14 AM #2
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

That is the way of the world Paul It seems you have to be down and out to get help . When you are down and out you may get swindled too !

Aug 08, 2012 06:59 AM #3
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Tacoma Washington Agent/Broker & Market Authority!
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