Short Sale Chicago

Avoid Foreclosure. I Can Help.

* ARE BANKS AFRAID TO FORECLOSE ON THE RICH?

naked capitalism, posted: 18 Dec 2010 07:36 PM PST

Are banks afraid to foreclose on the rich?

I got this report from an attorney who is doing work in one of the top five foreclosure states. I’m relying this account in a somewhat sanitized form; he provided far more in the way of specifics.
One of his colleagues has a monthly mortgage payment considerably above $20,000 a month. He has not made a single payment in over 18 months. He has also not received a foreclosure notice or even as much as a call from his servicer.
He knows of 20 people personally in his community who have mortgages of over $20,000 a month who have not made a payment in over a year. As with his case, there has not been a peep from the bank about the failure to pay. Some are nevertheless freaked out, concerned that the sheriff will show up any day, and have moved out.
Read more…

IF YOU DO NOT QUALIFY FOR, WERE DENIED
OR DO NOT WISH TO RECEIVE A LOAN MODIFICATION

IF YOU CAN AVOID FORECLOSURE (which stays on your credit report for 7 years)
BY SELLING YOUR PROPERTY
OR IF SELLING YOUR HOUSE IS A BETTER FINANCIAL DECISION

CONTACT ME FOR MORE INFORMATION ON SHORT SALES
Sell with dignity, preserve your creditworthiness and start rebuilding your life.

I have helped many clients avoid foreclosure.

For more information and a FREE REPORT ON SHORT SALES please call

Barbara Pedersen
Realtor®, Short Sale Specialist
(708) 539-9900

or email:
b.pedersen@comcast.net

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December 26, 2010 - Posted by | Buying, Foreclosures, Short Sales

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