|
Customer
Service Employee
Saved from Foreclosure
Bank released
all rights to sue for the deficiency and any further liability
for the property even though they lost $104,920.99!
Seller
moved on with her life,
got out of this bad loan and bought another home with me
2 weeks later. |
|
Homeowner's Story:
She purchased this home in
2006, had a couple of layoffs in the past two years and she was
desperate to salvage her credit. She wanted to do the right
thing and foreclosure was not an option to her.
A few weeks after I met
her we had an offer for her home and my team and I negotiated
with her bank to take the deal.
The bank accepted our
terms for $104,920.99
less than she owed them and I helped her buy another home right
away.
Result:
|
Seller owed: |
|
$199,820.99 |
|
Bank accepted: |
|
$94,900.00 |
Cost my client:
$0.00 |
"In a
short sale it doesn't matter what you owe on your
property... what matters is what it's worth today!"
- Brian
LaDue
|
|
| |
|
|
|
|
|
|
Insurance
Agent and Family
Saved from Foreclosure
Bank released
all rights to sue for the deficiency and any further liability
for the property even though they lost $154,829.96!
Seller
moved on with his life,
got out of this bad loan and moved into another home
before closing! |
|
Homeowner's Story:
My client is in the
insurance industry and had seen a 50% decrease in income over
the past 2 years. The economy really hit him hard.
He bought this beautiful
home for his family and never thought he would be in this
situation. The bank was threatening foreclosure and he needed my
help and fast.
His wife worked, but
over half of her income went to health insurance. Needless to
say they couldn't see any way to keep their home.
Result:
|
Seller owed: |
|
$386.829.96 |
|
Bank accepted: |
|
$232,000.00 |
Cost my client:
$0.00 |
|
"Most of
the time it simply comes down to knowing how
the system works and using it to your benefit!"
- Brian
LaDue
|
|
|
|
|
Landscaper
and Wife
Saved from Foreclosure
Bank released
all rights to sue for the deficiency and any further liability
for the property even though they lost $101,060.11!
Seller moved on with his life,
got out of this bad loan and bought another home with me
before closing. |
|
Homeowner's Story:
My client owned a
landscaping company and with the economy being as it is he just
couldn't afford to keep his home.
I got an offer for his
home in the first 20 days and started the negotiations with his
bank.
The bank accepted our
terms for $101,060.11
less than he owed them and I helped him and his family buy
another home before they even closed the short sale.
By the way, the new home
they bought was bigger and cost less than this one.
Result:
|
Seller owed: |
|
$323,060.11 |
|
Bank accepted: |
|
$232,000.00 |
Cost my client:
$0.00 |
|
"The
right thing to do is to avoid foreclosure at all costs...
Fortunately I can help you do that!"
- Brian
LaDue
|
| |
|
|
|
|
|
City
Employee
Saved from Foreclosure
Bank released
all rights to sue for the deficiency and any further liability
for the property even though they lost $66,125.56!
Seller moved on with his life,
got out of this bad loan and bought another home with me
before closing. |
|
Homeowner's Story:
Between a loss of
employment, a death in the family and bankruptcy my client had
few options.
She wanted to preserve
her credit as much as she could and do what needed to be done to
save foreclosure.
I found a buyer for her,
but it was much less than she owed on the home. We took that
offer to her bank and negotiated a deal so she wouldn't have to
pay back the difference of what she owed the bank and what she
sold the home for.
The bank accepted our
terms for $66,125.56
less than she owed them and I helped her buy another home right
away.
Result:
|
Seller owed: |
|
$176,025.56 |
|
Bank accepted: |
|
$109,900.00 |
Cost my client:
$0.00 |
|
"Sometimes life throws you a curveball...
the only way to find out your options is to call someone!"
- Brian
LaDue
|
| |
|
|
|
|
|
Military
Soldier
Saved from Foreclosure
Bank released
all rights to sue for the deficiency and any further liability
for the property even though they lost $136,753.82!
Seller moved on with his life,
got out of this
bad loan and problem property. |
|
Homeowner's Story:
My client had gone through
a divorce and his ex-wife was allowed to stay in the home for a
year before he sold it.
Over the course of a
year the home was completely destroyed and not maintained. He
couldn't believe that his children were living like this. My
client couldn't sell the home for what he owed and that's when
he called and asked for my help.
We sent an offer to his
bank for $40,000. The bank sent someone to take a look at the
property and immediately decided to accept for
$136,753.82 less than he
owed them.
Result:
|
Seller owed: |
|
$176,753.82 |
|
Bank accepted: |
|
$40,000.00 |
Cost my client:
$0.00 |
|
"The
first thing you need to do is to assess your situation
and ask someone for help!"
- Brian
LaDue
|
| |
|
|
|
|
|
Ford Plant
Worker
Saved from Foreclosure
Bank released
all rights to sue for the deficiency and any further liability
for the property even though they lost $77,002.54!
Seller moved on with his life,
got out of his bad loan. |
|
Homeowner's Story:
This one is a case of
predatory lending at its' best.
My client signed for a
loan for this home in 2000 at an interest rate of 11.923% and
they wanted him to pay over $12,000 in closing costs.
Yes, I know... he is an
adult and he should have known. I wish I had known him back then
I would have steered him clear of that mortgage company. Which
is still in business by the way
We got an offer for the
property and we negotiated with the bank to release any
liability and take an $80,000 offer.
Result:
|
Seller owed: |
|
$167,002.54 |
|
Bank accepted: |
|
$80,000.00 |
Cost my client:
$0.00 |
|
"It takes
2 to buy a home... you and the bank.
They are in this mess just as much as you are.
Let's work it out!"
- Brian
LaDue
|
| |
|
|
|
|
I'll be sure to write some more when
I have time. These are real interesting cases.
If you have any questions or would
like to know your options, please don't hesitate to call me.
| |
|
Best Regards,
Brian LaDue
Lakeside Property Shop Realtor
(248) 787-8644
(586) 873-2242
|
|
