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Why Be Responsible When You Can Get a Bailout?

Hollister CA – Why does a British bank do a better job than the American banks?

We have always liked short sales with HSBC. They respond promptly and are easy to work with. The bottom line is that HSBC does a solid, competent job handling short sales and loan modifications.

I think the reason is because this bank never got a bailout from Uncle Sam. If the lending institution is incompetent, then the bank and its stockholders take the loss.

Meanwhile, the large American banks are awful to work with. I have countless stories of real estate agents working on a large national bank's short sales for six to nine months with no answer.

Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.

Want an answer to an email? Be prepared to wait one to two weeks for that. The people are all overworked. In my opinion, the reason these companies don't care is because they don't own the loans.

Contrast this with HSBC, which owns most of its loans. That means HSBC is the one losing money. I couldn't find HSBC ever getting a bailout on the bailout search page. It's a well-run bank. All of its loan mods, short sales, and foreclosures are handled properly. Here is why. HSBC is acting as a principal. If it does a lousy job, then it loses the money.

Do you think a teenage kid is going to "hot rod" around town in his dad's fancy sports car? Come on! We all know his dad will treat his car a lot better than his kid will.

So we can agree that people do a better job if their own money is on the line. The big banks are handling other people's money. There is no accountability. The investors just hear that the market is bad. They don't know that that is only half the story.

At HSBC, if the short sale department does a lousy job, then it affects HSBC's quarterly statement. If things go bad, people are held accountable. In my opinion, there is nothing of the sort happening at American banks such as Bank of America or JP Morgan Chase.

It's kind of sad that a foreign company does a better job than an American Company.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at israel@ighomes.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (831) 636-8858.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification?Our Hollister loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail to israel@ighomes.com to request a Free Copy.

Or, click here to request a copy.

Thanks for reading this.~Israel Gonzalez.

Israel is a Real Estate Agent at Beale Properties.

Phone: (831) 636-8858. israel@ighomes.com.

View My homes for sale at www.bestREOhomes.com.

Israel Gonzalez specializes in loan modification assistance and short sales in Hollister California. Hollister Loan Modification Help, Hollister Short Sales. Hollister Short Sale Realtor Hollister CA Short Sales. Hollister Realtor.

Important Notice

Israel Gonzalez, Beale Properties, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Gonzalez's personal views and do not reflect the views of Beale Properties.

This information on "Why Be Responsible When You Can Get a Bailout?" is provided as a courtesy to our readers to help them make informed decisions.

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