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Hollister Short Sales: How to Hold Your Bank Accountable

Hollister CA – In my last post, I ranted about how the bankers do a lousy, incompetent job on short sale and loan modification negotiations. Here is how you can avoid suffering under their incompetence. The key is to hold your bank accountable. Here's how to do that.

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

Tell them they can do as good or as bad a job as they want to on your short sale or loan modification. But if they don't approve it and lose money as a result, then you will report them.

Here is an example from an email we sent to a short sale negotiator. (Some of the details have been changed to protect the home seller's identity.)

1. We have had the property at 193 NE Brock Lane for sale for over four months. Any buyer who would be interested in that house knows about it. They have decided not to make an offer. The current offer is for $230,000. That is the highest and best offer we have received on this house.

2. I do not foresee a better offer coming in.

3. I project that if you reject this short sale and foreclose, the home will sell for around $200,000. Here is how I came up with that number:

A. The local real estate market is declining by about 5% annually.
B. The foreclosure case is going very slowly and will probably run for another 9 to 12 months.
C. Foreclosures sell for about 10% less than other listings.

4. The loan is owned by Fannie Mae. That means they and every American taxpayer stand to lose $30,000 or more.

I will be contacting Fannie Mae, all members of Congress, and my local newspaper. I will let them know that you, John Doe, rejected this short sale and caused Uncle Sam to lose (another) $30,000.

Do you see how this holds them accountable? This strategy works for loans mods, too. Just run the numbers and see what the projected losses are going to be.

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 "Hollister Short Sales: How to Hold Your Bank Accountable" is provided as a courtesy to our readers to help them make informed decisions.

Comments

Scott Franklin said:

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# February 8, 2018 7:03 AM
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