You may be one of the lucky ones to get a call back from your bank that someone with knowledge and authority has been assigned to work with you on your loan modification, short sale, foreclosure options.
However, what about the folks who are current on their mortgages at the moment, but will run out of money soon if they cannot figure out a way to resupply their fast draining savings due to a job loss and or potential medical bills? Who is willing to listen and help these folks out?
Trying to help, I actually was told by someone at a bank that they cannot help unless people actually default on their loans? Is this the only way out? There has to be a reasonable way to help people who are not defaulting at the moment but may default sometime in the near future. Why does one need to wait till after the fact?
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Buyers must do thorough research on some info about short sale for lenders may not disclose all necessary details. There maybe some delay on the approval process due to the condition of the documents.
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