Upside Down Mortgage

Posts Tagged ‘assistance’

Mortgage Help Center

Question: We are running mortgage compaign in our call center any sugestions...???

we are running call center in india ... and running mortgage compaign any advise with we are getting more sales in mortgage

Answer: - Put some ads on the web and do inbound and outbound calls.

- Take a look to competitors offers and do better.

http://index-go.com/bad-credit-finance-mortgage.asp

Good luck !

Mortgage Help Center

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Mortgage Relief Assistance

Question: Can I get mortgage assistance if I own two homes?

My husband and i own a home that we were trying to sell on land contract and that has fallen through, now we are facing foreclosure on that place but are still current on our primary residence. Do we let the bank foreclose or is there something else we can do? Everything that I've read seems to state that if you own 2 properties that we don't qualify for mortgage relief, we don't want to shirk our responsibilities but we also don't want to risk the home we are in either. Both loans are held by the same company also, any concern there?

Answer: As you have assets that you can sell you would not qualify.

Do not be so sure that you get to keep one of those houses after you phuck over the bank with the second one. Since you will have assets you will be expected to repay the money they gave you, it was not a gift.

Debt is NOT NORMAL! Pay off your credit cards, car loans and mortgage!

Loss Mitigation List

Question: What's the probability of a short sale success?

My offer on a short sale was accepted by the seller. The house was on the market as a short sale for about a year in Orlando, FL. The original list price on the house was $70K more than my accepted offer. A day after my offer was accepted my realtor received a call from the seller's loss mitigation company who informed her that the banks are "slow" and to let me know that it will take 3 - 5 months to close. The seller has only one lien holder. I also placed $1K in escrow. What are my chances of actually closing? Can I rescind my offer if closing isn't done in 3.5 months? And lastly, what are the banks doing during this 3 - 5 month time frame while the house is vacant and the maintenance is going downhill? Thanks all!

Answer: I would give it a 20% shot.

They are appraising it and trying to figure out if it is better for them to foreclose. Very often foreclosure is more logical then a short sale.

How to Properly List a Short Sale Property