In 2005 Robin Smith purchased a maintenance-free Villa in 7-Oaks. Upon purchasing the property, she put down a significant down payment to keep her payments low.
A few years later Robin was a victim or the economic collapse and she was laid off from her job. Not realizing she was upside down over $40k even after putting down 20% when she had purchased left her with no options. Her lender wouldn't refinance, or even consider a loan modification because she had no income from her recent job loss.
Robin's Realtor, Roy Shannon referred Robin to Homeowner Answers. Homeowner Answers was able to prove to Robin's lender that her economic hardship was something completely out of her control. Her lender agreed and granted Robin a Full Satisfaction & Full Release!
the market is now down 50 percent lower reserves are lower and the person who bought this now has this up for short sale remember all short sales can be done over and over hundreds of times i just bought a 78k hummer yesterday and they doing a short sale of 21k for me i just am mad at myself for putting a down payment everyone at my work calls me a dead beat buying something and not paying for it does not make you a deadbeat..or does it..???????????
dave4tampabay 1 year ago