No, No, No, Yes.

February 26th, 2010 | Category: Foreclosure

I live in Arizona and pretty much every home within a 2 square mile radius of my home has dropped 50-60% in value since 2006.

Which means terms like loan modification, short sales and foreclosure pretty much dominate every neighborhood bar b q party at the local park.

Recently, I was at a neighborhood gathering and someone was telling their story of trying to get their loan modified but the lender wouldn’t budge, so they tried to short sell it but got denied and were about to have their house sold at auction in the near future.

I couldn’t help but wonder “I wonder whether the lender really wants to foreclose” or whether they just didn’t have the right help.

And I didn’t think too much more about it.

Until I saw that same person who had been told “no, no, no” again yesterday.

I was expecting him to tell me how his pending-foreclosure period was impacting his mental health but

instead he had a smile on his face and opened our conversation with” you will never believe what happened – my lender approved my short sale!”

And next he told me how the lender that had told him “no, no, no” suddenly had a change of heart considering his Real Estate Agent had gotten on the phone with the right person at the lender and made them understand that they had poor info and needed to re-evaluate.

Which was just a simple reminder:

When hiring society to help you with your loan modification, short sale or foreclosure – there can be a world of difference amidst the knowledge, skills and experience of each “expert”.

And when some just produce out “no, no, no” and give up… some actually get to “yes” considering they don’t give up.

And there can be a fine line amoung “no” and “yes” and that fine line can form all the difference.

Orginal post by Justin McHood

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