Dont Accept a Promissory Note!

Situation my lender is counter offerring with a promissory note or they are asking for a lump sum payment at closing, I am told it is the MI company that is requesting the monies.

If this is happening to you and you have an agent then have the agent request to speak to the MI company the lender will always say they do not speak with the homeowners or the agents, then ask for a supervisor and find out who is the investor on your loan.  Once you have the investor information contact them for assistance if you cannot afftord the promissory note or the lump sum payment and can prove it then make sure you are heard on the situation. The home must be your primary home in this situation and do not be afraid to stand up for yourself the banks will loose more money in a foreclsoure sale and use the resources that are there for you. Call your state congressman for assistance in making sure you are heard. Most owners agree to the promissory notes or borrow and struggle to get the lump sum payments because they are afraid of being foreclosed on or just tired of the process but here is the solution call me Phillis Nealy at The Texas Group Realtors and let us navigate and negotiate your short sale.  We are experienced experts that know what to do when dealing with the banks in difficult situations.

Thinking about a short sale?

I can help you short sale your property and get back on your feet. Fill in the contact box to the right or send me an e-mail :phillis@txhomerealty.com and I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (214) 650-5536

Thinking about a loan modification? We assist with loan modifications free of charge just fill in the contact form to the right or email me at phillis@txhomerealty.com

Thanks for reading this, Phillis Nealy.

Phillis is a Real Estate Agent at The Texas Group Realtors

Phone: (214) 650-5536.phillis@txhomerealty.com

A Realty company with Service as Big as Texas

View My homes for sale at http://www.txhomerealty.com/

This blog is for informational purposes only it is not intended for legal advice please consult an attorney.