Short Sale Warnings ! 1. Do not pay up front fees to people promising to speak to the banks on your behalf! Why? It costs you nothing to tallk to your bank and inform them that you intend to short sale your home . 2. Do not pay an up front fee to a Realtor Why? As a Realtor we are not paid until the job is done , meaning your home is sold . That Realtor can have all the experience in the world and still not get your home short sold . Yeah they expended a lot of time and effort talking to the banks however in the end the short sale is subject to third party approval and sometimes your bank may still be in LAH LAH Land when it comes to your homes worth . So with that being said does that justify an up front fee ? Your already cash strapped , Hell your having a hard time paying the mortgage ! Sam Bernstein the famous attorney doesnt get paid "Unless He Wins" and I'll leave it at that. 3.Never ,ever give anyone your full social security number . Why? All the bank needs when we inquire about your account is the last four of your social security number an authorization letter to speak on your behalf and your full account number . That's it . No more . No less 4.Never agree to sign over possession of your home to anyone ! Realtors,Mortgage companies,Short Sale companies,Investors etc. Why? Its a scam ! They need not have possession of your home in order to shortsale it or even Modify your loan 5.Don't Be A Victim. Be Victorious and take control of your situation. Call Rachel Burnside-Saltmarshall direct at 313-445-9969 |