“Some Folks Just Know How to Play the System”
I work very hard for my clients to figure out how to get them a mortgage but in situations like this, I would not be willing to take any of this on. Can you see why this is so wrong? Can you imagine that the note holder has not even started a foreclosure? You just can’t make this stuff up:
You might remember we had a unique situation here in CT. (I CAN ASSURE YOU, I DON’T REMEMBER) We have a mortgage that we haven’t paid in 2 years, most of which time it was because the company would not take payments, not because we couldn’t afford to, it is in foreclosure status right now, but they have not filed anything. It was included with a bankruptcy which discharged Feb 2013, however the lien is about $127k right now. The home was appraised this month at $205k on a 90 day sale and comparative sales are $250-300k which I’m sure it could sell at easily with a few updates—such as new baths, some repairs in our kitchen, carpets, landscaping which we will be doing ourselves, nothing too expensive though. I’d like to try to get a new mortgage for $150,000 so we can put some money into these upgrades, but would be happy right now with just the $127000 to get back to paying it in full each month. With this unique situation, do you think you can help? Thanks for your time.
Image courtesy of pakorn/freedigitalphotos.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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