Dear Charlotte – Stop Procrastinating and Avoid Foreclosure!
Posted: February 27, 2012 Filed under: Bank Owned Property Tips, Bank Owned Tips, Charlotte Bank Owned, Charlotte Foreclosures, Charlotte NC Distressed Properties, Charlotte Real Estate, Real Estate, TeamHolly-would.com Leave a comment »I know you are probably sick of hearing about foreclosures, but if you are scared and think you might be facing one, there may still be help.
Many people don’t want to face the fact that they really do not know what to do, even though the headlines are flooded with foreclosure news.
If you find yourself in this kind of situation, get help. Help can be free from a realtor and there are many certified to do so. As a certified distressed property expert, (CDPE) I have been trained to do just that. TeamHolly-would has been able to help clients avoid foreclosure in Charlotte, NC. One common characteristic I find among those families is fear and embarrassment over their situation, when there is no need.
Just this month I have received calls from people asking for help after the fact, after the notice of sale or the foreclosure! When I ask them if they had had the home for sale, they say no. I cringe because had they listed their home, possibly TeamHolly-would could have helped them avoid foreclosure.
TeamHolly-would has successfully completed short sales for clients of all income brackets. If you are in true hardship, TeamHolly-would can at least give you some options but do not wait to the last minute.
Once you have made the decision to move forward with a short sale, you will no longer spend hours chasing someone to speak with at the bank. No longer getting disconnected or re-routed. No longer answering 15 security questions and being asked to participate in a survey.
At least you will have made the decision to hire someone that has your best interests and someone who will handle the details for you. The commission is paid by the bank if the sale is approved.
Stop procrastinating and avoid foreclosure Charlotte, NC.
HollyHelps.com
Short Sale Nightmare
Posted: January 17, 2011 Filed under: Bank Owned Property Tips, Bank Owned Tips Leave a comment »
Short Sales have become an option for homeowners that have fallen into hardship. It has become an option to avoid foreclosure. Much of the success of a short sale is dependant on the listing agent and the bank. Most agents are now familiar with the necessary work to close a short sale property, but one particular bank continues to be a nightmare for most agents.
Here is the “readers digest” version of a Bank of America Short Sale:
Homeowner fell into hardship, 2008
Homeowner contacted bank for help
Bank would not help
Homeowner hires attorney, attorney offers a deed in lieu, bank declines
Homeowner could not make payments, pristine credit begins to decline
Bank would not modify loan
Homeowner lists the property for sale, 2009
Homeowner’s credit cards are shut down (bank and credit cards were same bank)
Homeowner brings bank a short sale, buyer later withdraws offer due to unknown information about bankrupt community
Homeowner asks for another deed in lieu, bank refuses
Homeowner has to continually reduce in order to receive an offer
Homeowner brings another short sale offer to bank 2010
Bank takes almost a year to respond
Bank’s negotiator accepts an offer at the end of December, 2010
Bank changes negotiators and new negotiator decides against the offer and rescinds their acceptance of offer January, 2011
Homeowner starts all over again with Bank.
I have left out all the frustrating calls, disconnected calls, transferred calls, wrong department calls, etc… I have also left out the numerous times the bank requested updated bank statements, hardship letters, tax returns, listing agreements and price changes.
The homeowner is now asking why the bank changed negotiators. Homeowner is also asking bank to re-consider a deed in lieu again, for the 3rd time.
Homeowner is waiting to hear back from bank.
Bank has set a foreclosure date March 2011
