Posts Tagged ‘Analogy’

Real Estate & Mortgage Marketing 4 – Home Loan Modification Dec08 Beware the Foreclosure Sharks

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Home Loan Modifications Negotiated by Licensed Attorneys. Real Estate & Finance Laws and Guidelines are Complex. Beware of the Banks Loss Lessening Department. Go To RealEstateMarketingThisWeek.com Part 4 (Excerpt) The pitfalls for trusting your bank one more time; Beware The Foreclosure Sharks This whole loan modification thing reminds me a lot of the ancient Peanuts comics where each fall Lucy would get out with the football and she would set it down on the ground, and she would coerce Charlie Brown into coming along and kicking the football. Well of course as we all know Charlie never got to kick the ball, Lucy always pulled it out from underneath him and I kind of look at the finance industry, the servicing end of it in particular that way. You have to reckon about it, in many cases the loan that you were place into was not a excellent loan in the first place. The person who gave you that loan knew it was not a excellent loan, the Wall Street banks that came up with these crazy thoughts should have known better. Now admittedly they didnt otherwise they would not be out of business today, but they should have known that these were not excellent products. Yet when you are faced with an issue regarding your house so many people go back to the bank, like Charlie Brown going back to Lucy and believing that THIS time Lucy is not going to pull the ball away. Well what is going to keep the bank from not pulling the ball away from you this time? Absolutely nothing. I like that analogy; everyone …