"The Bank Told us We could Keep the House...thank you for your time." Wrote the Short Sale Seller

By
Real Estate Agent with EXP Realty 414-525-0563 57026-90 Broker

   email The email subject line read:  "Thank you for your time". Hmmm....well there had been considerable time put in....multiple offers and counters and now we were on our way to collecting documents and submitting the short sale package to the bank.

  Open the email...."We talked with the bank and we have decided to work with them and keep the house."  Good thought...not a reality....

 - Did the Bank ask you why you had missed payments ?  No

 - Does the Bank know of your pending divorce ?  No

 - Did the Bank ask if your income had changed since one of you retired ? No

 - Did you tell the Bank the court ordered the house to be sold or refinanced ?  No

 

      We really DO understand that you want to believe the bank....that you have trust in an institution that has been your lender for years...HOWEVER....the bank does not have all the facts...and when they do...you will be farther behind in not making payments. You accepted an offer on your home....the court has ordered it sold...the bank does not make decisions for the court.   You have beengavel advised by your lawyer to continue with the short sale.  We appreciate your hardship situation...please obey the court.  We don't give legal advice and the bank should not either...we are echoing the order of the court.

       We believe in every aspect of life...personally and professionally to follow the advice of the "highest and best source"...in this case, your lawyer and the court are those sources.

      For anyone who has been approached by a lender....or solicited by someone who claims that for a fee they can allow you to do other than the court has directed...if it sounds TOO good to be true....listen to your lawyer...take the direction that the court has required.

        To begin your happily ever after, you need to start with this direction...a path no one wants to take but the one that has to be followed.

     

   

 

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Rainer
456,633
Barbara Tattersall
Keller Williams Realty Metropolitan (Keene,NH) - Keene, NH
GRI

Sounds like they are hanging on every shred of hope to find the easier way out of a bad situation.  Probably how they got in it in the first place. Taking the easy way instead of the right one.  Good luck to them and you.

Sep 14, 2013 08:38 PM #1
Rainmaker
3,040,409
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

I would not want to stand in front of the judge with that excuse nor would the bank personnel I'm sure.  :)

Sep 14, 2013 08:44 PM #2
Rainmaker
2,324,715
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Sally/David: Self sabotage and they are not even aware yet.  I hope they see the light before it is too late on this one. 

Sep 14, 2013 08:44 PM #3
Rainmaker
3,319,116
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Yes...easier is not better....and hoping for them that the local legal minds prevail.

Sep 14, 2013 08:48 PM #4
Rainmaker
2,295,389
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

I know one thing for sure, if you re representing these folks through this difficult process, it will get done correctly. Nice job with the post.

Sep 14, 2013 08:56 PM #5
Rainmaker
943,706
Bob Ratliff
Robert Ratliff Realty - San Antonio, TX
"Sold with Bob"

Sally/David, if it sounds to good to be true it usually is..... great post and suggested.

Sep 14, 2013 08:57 PM #6
Rainmaker
3,319,116
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Thank you Joe....sometimes you have to believe what you don't want to hear....Hi Bob...you bet !

Sep 14, 2013 09:00 PM #7
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Sally.  They are in total deniaL.  You will them straight I am sure.

Sep 14, 2013 09:03 PM #8
Rainmaker
3,873,946
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Sally and David,

It is sad when people will not face the hard core facts of reality. It will just draw the process out longer but the inevitable is like a train coming at them!

Sep 14, 2013 10:22 PM #9
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Yowza, Yowza!  Sounds like they're digging themselves deeper into a hole and will never be able to get out.

Sep 14, 2013 10:35 PM #10
Rainmaker
3,319,116
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Most unfortunate is that there is no regulation for lendes promising the moon that will never ever be the case.

Sep 14, 2013 10:41 PM #11
Rainmaker
2,100,725
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

People in Short Sale status who hires Sally & David Hanson must know,

IN SALLY & DAVID TRUST...

They will tell you the truth.

Sep 14, 2013 10:43 PM #12
Rainmaker
3,243,554
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Boy, that is odd, and they will soon get a reality check, a poor one, when they figure it out!

Sep 15, 2013 12:45 AM #13
Rainmaker
699,027
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

AHHHHHHHHHH!!!!! Reminds me of my kids when they were LITTLE.  If we don't bring it up I guess it will just go away.  Do some just never grow up?

Sep 15, 2013 04:07 AM #14
Rainmaker
3,319,116
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Santa, the Easter Bunny and the tooh fairy are alive and well Chris !

Sep 15, 2013 04:58 AM #15
Rainmaker
1,266,673
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

A really great post with very good informations. Thanks for sharing it. Have a wonderful week. 

Sep 15, 2013 06:58 AM #16
Ambassador
2,136,462
MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

When it sounds too good to be true, it usually is. How many of us have received erroneous info from the bank during a short sale? A large percentage.

Sep 15, 2013 02:23 PM #17
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Rainmaker
3,319,116

Sally K. & David L. Hanson

WI Realtors - Luxury - Divorce
For All Things Wisconsin Real Estate...Call the Hansons
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