Wednesday, May 16, 2012

I DID NOT HAVE TO LOSE MY HOME!!!

Wow is all that I can say! Banks have a lot of power and have been practicing some procedural methods that are not appearing to be beneficial to the homeowners. Crazy things, wild things and we as Realtors may not have been providing YOU with the necessary information needed to assist in this current Real Estate Market. I recently heard from someone who had owned her home for 20 years. This home was used to assist the community as a facility to help those who are in a recovered state from drug and alcohol usage. It was a wonderful safehaven for many individuals. No issues, no complaints, no worries. They always paid the mortgage timely and were outstanding mortgagees. What time is it??? Time for the astronomically huge balloon payment maturity. URGH!!! We all know that the home have declined tremendously. What did they do???? They reached out to the bank to see if they could work out some numbers as not to release a great amount of funding in a single load. These funds could have been used to fund different projects, mitigate issues and more. Needless to say, the bank was not having it! No modification on the amount, no refinance to stretch out the payment, no NOTHING! Why didn't I speak with them earlier....OH NO!!! Did I not share enough information, did I not reach out in time.....????? This one hurts me a little guys. I wish I could have shared with them a little more about my services before they made the final decisions. AFTER 20 YEARS, THEY TURNED OVER THE KEYS!!!! Well, here is a learning experience for me...I will do more to help prepare people with these sort of issues going forward. There are ways!! You don't have to lose!!! REALTORS.... IT'S TIME TO SPEAK LOUD! Remember, Nothing is hard in Real Estate when done "D.Easley" Way!
Contact me today for your Real Estate Needs 856.227.3428 ext.265

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