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For Lian,
her financial troubles began with a miscommunication.
Lian and her
husband had just had triplets who were born extremely premature. “I was on bed
rest months before they were born and they had to remain in the hospital for
four months afterwards.
Despite the
difficulties, they were still making their payments. “We had never been late on
our mortgage since purchasing the house. Then I called my lender to push back
our payment date a week or two to better align with our earning schedule,” she
said.
The bank
went even further, offering them a trial loan modification to help lessen their
payments. “We were placed in the trial program while they processed our
application for the program,” said Lian.
Unfortunately,
a mixup with the paperwork at the bank caused some issues. Even though the loan
modification department was processing their application, all the collections
department knew was that they were making payments for less than they owed. “We
were getting collections calls, but our bank told us to ignore them.”
They had
done their research and knew that a short sale was probably their best option.
They sought out an agent who was knowledgeable about short sales. The agent, a
CDPE®, got the foreclosure proceedings halted immediately. “She was an expert
in the field of short sales and knew all the ins and outs,” said Lian.
The agent
sold the house and Lian and her husband feel grateful. “We try and look at the
positives,” she said. “We got out of the shadow of the bank and foreclosure,
and we have three healthy children. Beyond this, we just let the negative roll
off of our backs.”
Lian’s story is just one of many. I have a
report entitled “From Foreclosure to Freedom” which tells other stories of real
homeowners who faced foreclosure and found relief. Download the report, read
the stories, and then contact me for a free, confidential consultation.
CDPE Advance, DPP, REO Specialist, CIAS
912-655-7674
912-655-7674
Prudential Southeast Coastal Properties - Savannah, GA Associate Broker
Prudential Great Smokys Realty - Sylva, NC Broker
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