Comments on: TeamFollowup has hit the bigtime… http://teamfollowup.com/2009/03/hello-world/ Just another WordPress weblog Fri, 21 Aug 2009 19:04:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Chris http://teamfollowup.com/2009/03/hello-world/comment-page-1/#comment-14 Chris Fri, 21 Aug 2009 19:04:09 +0000 http://teamfollowup.com/wordpress/?p=1#comment-14 Hello- I am the “Owner who had no intention of renting their homes a year ago, & are now looking at renting their home as a viable alternative to saving my credit and the home values of my neighbors. My HOA has flat our refused my hardship leasing permit request. We both lost our jobs, my house fell in foreclosure and I was offered a loan modification if I could support the payment. I opened my job search nationwide and was offered a great job on the otherside of the US… I have asked the HOA to approve a leasing permit so I can accept this job, and modification, save my home and return when I can- Financially sound! So they deny me, and say that per our bylaws I have to list my house for sell for 6/mo’s below current market value.- And if it doesn’t sell… they will re-review... My issues is that 6mo’s is too late for me to save my home. I bought it at the peak end of 2007 – and have had nothing but loss in value since that day. I feel that this is a different economy and that is no longer a solution. That would force me into a short sale and ruin my credit forever as well as hurt the value of a community that I love. I have already put a call into a lawyer… anyone have any thoughts? Thanks! I have seen so many situations like yours, it’s not easy but it is the sad reality of todays market. We can only play the cards we are dealt. I have a listing in a similar situation, but a little more fragile. The lender is dear old dad. Imagine telling him to take less than is owed. Althought you’re situation is bad, it can be dealt with. As for devaluing your community, that’s already been been done, whether you sell short or not, or get forceclosed on. As for your credit, yes it will be damaged, but not nearly as damaging as the alternative, foreclosure. You will recover in a few years and if your not nearing retirement there is plenty of time to make it up. My wife an i got married at 40, had almost nothing and have done OK since. As for your condo association and getting denied a hardship. You may want to remind them of the alernative, no more HOA dues payments from you. If they say they’ll get it at closing remind them that the lender is in first position and they can plan on getting little if anything. They may change their tone. What I would do if it were me is, not put a tenant in there, and put it on the market. It will sell much quicker and be easer to show if it is vacant. To you it shouldn’t matter, you aren’t making the payments anyway. Please let me know if I can be of further service. Chris Smith 206-948-0219 Hello- I am the “Owner who had no intention of renting their homes a year ago, & are now looking at renting their home as a viable alternative to saving my credit and the home values of my neighbors.
My HOA has flat our refused my hardship leasing permit request. We both lost our jobs, my house fell in foreclosure and I was offered a loan modification if I could support the payment. I opened my job search nationwide and was offered a great job on the otherside of the US…

I have asked the HOA to approve a leasing permit so I can accept this job, and modification, save my home and return when I can- Financially sound!
So they deny me, and say that per our bylaws I have to list my house for sell for 6/mo’s below current market value.- And if it doesn’t sell… they will re-review…

My issues is that 6mo’s is too late for me to save my home. I bought it at the peak end of 2007 – and have had nothing but loss in value since that day. I feel that this is a different economy and that is no longer a solution. That would force me into a short sale and ruin my credit forever as well as hurt the value of a community that I love.

I have already put a call into a lawyer… anyone have any thoughts?
Thanks!

I have seen so many situations like yours, it’s not easy but it is the sad reality of todays market. We can only play the cards we are dealt. I have a listing in a similar situation, but a little more fragile. The lender is dear old dad. Imagine telling him to take less than is owed.

Althought you’re situation is bad, it can be dealt with. As for devaluing your community, that’s already been been done, whether you sell short or not, or get forceclosed on. As for your credit, yes it will be damaged, but not nearly as damaging as the alternative, foreclosure. You will recover in a few years and if your not nearing retirement there is plenty of time to make it up. My wife an i got married at 40, had almost nothing and have done OK since.

As for your condo association and getting denied a hardship. You may want to remind them of the alernative, no more HOA dues payments from you. If they say they’ll get it at closing remind them that the lender is in first position and they can plan on getting little if anything. They may change their tone.

What I would do if it were me is, not put a tenant in there, and put it on the market. It will sell much quicker and be easer to show if it is vacant. To you it shouldn’t matter, you aren’t making the payments anyway.

Please let me know if I can be of further service.

Chris Smith
206-948-0219

]]> By: Chris http://teamfollowup.com/2009/03/hello-world/comment-page-1/#comment-11 Chris Wed, 12 Aug 2009 07:10:41 +0000 http://teamfollowup.com/wordpress/?p=1#comment-11 This is a great idea to build a park where the streetcar ends. Diverting traffic is necessary. There's no doubt that is one of the more confusing intersections in Seattle. Living by Whole Foods I ride the "SLU-SC" to town frequen...tly I think it's a good plan as long as it's done with some thought. What I don't want to see is a design that turns into living quarters for the homeless. We already have some full time residence in the little brick park right there. Chris Smith This is a great idea to build a park where the streetcar ends. Diverting traffic is necessary. There’s no doubt that is one of the more confusing intersections in Seattle. Living by Whole Foods I ride the “SLU-SC” to town frequen…tly I think it’s a good plan as long as it’s done with some thought. What I don’t want to see is a design that turns into living quarters for the homeless. We already have some full time residence in the little brick park right there.
Chris Smith

]]> By: KattyBlackyard http://teamfollowup.com/2009/03/hello-world/comment-page-1/#comment-3 KattyBlackyard Mon, 15 Jun 2009 08:34:34 +0000 http://teamfollowup.com/wordpress/?p=1#comment-3 The article is usefull for me. I’ll be coming back to your blog. The article is usefull for me. I’ll be coming back to your blog.

]]> By: Chris http://teamfollowup.com/2009/03/hello-world/comment-page-1/#comment-2 Chris Fri, 27 Feb 2009 16:42:46 +0000 http://teamfollowup.com/wordpress/?p=1#comment-2 We've worked very hard the past several months to get our website just the way we want it to better serve you the real estate public. TeamFollowup.com is taking shape quite nicely. We've included tons of content for buyer's and seller's which we feel can be quite useful for you when preparing to make your next real estate move. We also have links to all the Puget Sound Counties, with more information than imaginable. Brittany and I are here to help you with all your real estate questions and needs. We've made trusting our team easier that ever knowing that you have the best of both worlds with Brittany's youthful energy in combination with my years knowledge, experience and wisdom. Join our team and see how we can make your next move a positive experience. Chris Smith We’ve worked very hard the past several months to get our website just the way we want it to better serve you the real estate public. TeamFollowup.com is taking shape quite nicely. We’ve included tons of content for buyer’s and seller’s which we feel can be quite useful for you when preparing to make your next real estate move. We also have links to all the Puget Sound Counties, with more information than imaginable. Brittany and I are here to help you with all your real estate questions and needs. We’ve made trusting our team easier that ever knowing that you have the best of both worlds with Brittany’s youthful energy in combination with my years knowledge, experience and wisdom. Join our team and see how we can make your next move a positive experience.

Chris Smith

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