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Ohio Short Sale Expert Brings Peace of Mind

I had a lady call me from one of our websites. Her husband lost a job he had at as a camera man at a TV station more than a year ago. They ended up getting behind by 60 days before he got a new job, not paying quite as much. They could still eek out their current payment, however their lender, which at the time was Taylor Bean and Whitaker refused to help them by putting their arrearage at the back of the loan and simply accept their payments.

Working with an expert means you can take it a bit easier and get some much needed rest!

The lady explained to me how humiliated she was as she talked with a representative who was very rude, snood and unhelpful. The people at Taylor Bean and Whitaker did end up directing her to apply for a loan modification. However they turned her and her husband down because they didn’t make enough money.

I’m no genius however neither one of us could figure out how making less money would keep you from qualifying to have a lesser payment. Shouldn’t having less money make you even more qualified to get help?  She attempted to do a loan modification 5 different times over the next year and every single time they would turn her down. She sought help from agencies including NACA yet no one was able to step up to the plate to help her.

Fortunately for her Taylor, Bean and Whitaker went out of business and her loan sold to Bank of America. When that happened the foreclosure Taylor Bean and Whitaker started was canceled and Bank of America has yet to start foreclosure proceedings 6 months later.

With more than 12 payments behind she was so worried that she would come home to find her house repossessed that she moved out of her house and into a rental. That was just a week ago. She called us to sell her North Eastern Ohio home on a short sale just today. We sent her out the paperwork and will have the property fully exposed to the market tomorrow on hundreds of sites.

I was heart broken. I wished she had found me a week earlier. I never recommend someone in foreclosure just move out except in special circumstances. There are several reasons for this. One is that the HAFA short sale program requires that a seller actually be in the home to qualify. This program offers a lot of benefits to sellers and will even pay the homeowner to assist them in their moving expenses. It also guarantees a homeowner that he or she will not have any left over deficiency. Also she could have had another 2 to 4 months free rent as we work on a short sale for her and get it closed.

If she could have called me just a bit earlier I could have helped even more than I will now be doing. For now though she is just happy to be working with someone that clearly knows the process in her area inside and out… someone knowledgeable that can help her. I promise that I will do exactly that.

Andy Morris is an Ohio real estate broker with an expertise in selling homes on a short sale. If your Ohio home is heading towards foreclosure or you owe more than your property is worth, please call Andy at 888-4-STOP-IT to see if you qualify for a short sale with your lender.  Are you not in my area?  His foreclosure answer service is free to you as well!

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