***, I am very disappointed you’ve chosen to take the action you’re taking without looking at all the facts from the time we first met You approached me on September 27, and filled out our Fast Response Form claiming your home was worth $129,(see pg of of the attached Fast Response form) When I met with you we discussed your options for getting your home sold: 1) Sell it traditionally through a realtor 2) Try and sell it yourself, For Sale by Owner 3) Lease or Rent it out 4) To buy your home “Subject to” keeping your existing note in place and we owner finance it to a new buyer until they can get it refinanced ***, you agreed that if you decided to sell your home traditionally through a realtor you would have to bring approximately to closing if the house sold traditionally through a realtor for $125,(See Equity Presentation and Offer to Purchase) ***, you made the decision to go with number (4) above, because it would not cost you anything for [redacted] & Associates to take over your payments with Wells Fargo and find an owner finance buyer for your homeWe closed on November 21, 2007, days after you contacted me Fast forward to 2008, real estate values in the Briarcreek subdivision took a nose dive due to the economy(See attached comps from – (solds), the highest comp was $102,and the average was $76, As of April 1, 2014, ***'s current Loan balance with Wells Fargo was $101, ***, our buyers have attempted to get financing but the Loan is still upside down, even if I agreed to give the current buyers in the home a payoff for the current loan balance owed to Wells Fargo, they would still owe the lender or be upside down If you feel the money I’ve made managing your property, protecting your credit, making every payment on time, taking on all the risk if the buyer ever defaulted, was late, or the house went vacant, then I am sorry but we have worked very hard managing your property to protect you and your credit We have done everything we promised, making every payment on time every month, protecting your credit, and making your credit look good in the eyes of your lenders Our entire agreement is in writing that you signed and notarizedWe never guaranteed or promised your loan would be paid off in a set amount of time(see attached ACKNOWLEDGEMENT) For the first time property values are beginning to move up in this subdivisionsee (2012-Comps (solds) and (– Comps (solds) showing the average comp is now up to $93, I am open to focusing on solutions and I am open to a phone call or email to discuss them I look forward to an amicable solution [redacted]
[redacted], I am very disappointed you’ve chosen to take the action you’re taking without looking at all the facts from the time we first met.
1. You approached me on September 27, 2007 and filled out our Fast Response Form claiming your home was worth $129,000 (see pg 2 of...
3 of the attached Fast Response form).
2. When I met with you we discussed your options for getting your home sold:
1) Sell it traditionally through a realtor
2) Try and sell it yourself, For Sale by Owner
3) Lease or Rent it out
4) To buy your home “Subject to” keeping your existing note in place and we owner finance it to a new buyer until they can get it refinanced.
3. [redacted], you agreed that if you decided to sell your home traditionally through a realtor you would have to bring approximately <$3,854> to closing if the house sold traditionally through a realtor for $125,130. (See Equity Presentation and Offer to Purchase).
4. [redacted], you made the decision to go with number (4) above, because it would not cost you anything for [redacted] & Associates to take over your payments with Wells Fargo and find an owner finance buyer for your home. We closed on November 21, 2007, 54 days after you contacted me.
5. Fast forward to 2008, real estate values in the Briarcreek subdivision took a nose dive due to the economy. (See attached comps from 2008 – 2011 (solds), the highest comp was $102,000 and the average was $76,567.
6. As of April 1, 2014, [redacted]'s current Loan balance with Wells Fargo was $101,151.
7. [redacted], our buyers have attempted to get financing but the Loan is still upside down, even if I agreed to give the current buyers in the home a payoff for the current loan balance owed to Wells Fargo, they would still owe the lender or be upside down.
8. If you feel the money I’ve made managing your property, protecting your credit, making every payment on time, taking on all the risk if the buyer ever defaulted, was late, or the house went vacant, then I am sorry but we have worked very hard managing your property to protect you and your credit.
9. We have done everything we promised, making every payment on time every month, protecting your credit, and making your credit look good in the eyes of your lenders.
10. Our entire agreement is in writing that you signed and notarized. We never guaranteed or promised your loan would be paid off in a set amount of time. (see attached ACKNOWLEDGEMENT)
11. For the first time property values are beginning to move up in this subdivision. see (2012-2013 Comps (solds) and (2013 – 2014 Comps (solds) showing the average comp is now up to $93,700.
I am open to focusing on solutions and I am open to a phone call or email to discuss them.
I look forward to an amicable solution.
[redacted]
***, I am very disappointed you’ve chosen to take the action you’re taking without looking at all the facts from the time we first met You approached me on September 27, and filled out our Fast Response Form claiming your home was worth $129,(see pg of of the attached Fast Response form) When I met with you we discussed your options for getting your home sold: 1) Sell it traditionally through a realtor 2) Try and sell it yourself, For Sale by Owner 3) Lease or Rent it out 4) To buy your home “Subject to” keeping your existing note in place and we owner finance it to a new buyer until they can get it refinanced ***, you agreed that if you decided to sell your home traditionally through a realtor you would have to bring approximately to closing if the house sold traditionally through a realtor for $125,(See Equity Presentation and Offer to Purchase) ***, you made the decision to go with number (4) above, because it would not cost you anything for [redacted] & Associates to take over your payments with Wells Fargo and find an owner finance buyer for your homeWe closed on November 21, 2007, days after you contacted me Fast forward to 2008, real estate values in the Briarcreek subdivision took a nose dive due to the economy(See attached comps from – (solds), the highest comp was $102,and the average was $76, As of April 1, 2014, ***'s current Loan balance with Wells Fargo was $101, ***, our buyers have attempted to get financing but the Loan is still upside down, even if I agreed to give the current buyers in the home a payoff for the current loan balance owed to Wells Fargo, they would still owe the lender or be upside down If you feel the money I’ve made managing your property, protecting your credit, making every payment on time, taking on all the risk if the buyer ever defaulted, was late, or the house went vacant, then I am sorry but we have worked very hard managing your property to protect you and your credit We have done everything we promised, making every payment on time every month, protecting your credit, and making your credit look good in the eyes of your lenders Our entire agreement is in writing that you signed and notarizedWe never guaranteed or promised your loan would be paid off in a set amount of time(see attached ACKNOWLEDGEMENT) For the first time property values are beginning to move up in this subdivisionsee (2012-Comps (solds) and (– Comps (solds) showing the average comp is now up to $93, I am open to focusing on solutions and I am open to a phone call or email to discuss them I look forward to an amicable solution [redacted]
[redacted], I am very disappointed you’ve chosen to take the action you’re taking without looking at all the facts from the time we first met.
1. You approached me on September 27, 2007 and filled out our Fast Response Form claiming your home was worth $129,000 (see pg 2 of...
3 of the attached Fast Response form).
2. When I met with you we discussed your options for getting your home sold:
1) Sell it traditionally through a realtor
2) Try and sell it yourself, For Sale by Owner
3) Lease or Rent it out
4) To buy your home “Subject to” keeping your existing note in place and we owner finance it to a new buyer until they can get it refinanced.
3. [redacted], you agreed that if you decided to sell your home traditionally through a realtor you would have to bring approximately <$3,854> to closing if the house sold traditionally through a realtor for $125,130. (See Equity Presentation and Offer to Purchase).
4. [redacted], you made the decision to go with number (4) above, because it would not cost you anything for [redacted] & Associates to take over your payments with Wells Fargo and find an owner finance buyer for your home. We closed on November 21, 2007, 54 days after you contacted me.
5. Fast forward to 2008, real estate values in the Briarcreek subdivision took a nose dive due to the economy. (See attached comps from 2008 – 2011 (solds), the highest comp was $102,000 and the average was $76,567.
6. As of April 1, 2014, [redacted]'s current Loan balance with Wells Fargo was $101,151.
7. [redacted], our buyers have attempted to get financing but the Loan is still upside down, even if I agreed to give the current buyers in the home a payoff for the current loan balance owed to Wells Fargo, they would still owe the lender or be upside down.
8. If you feel the money I’ve made managing your property, protecting your credit, making every payment on time, taking on all the risk if the buyer ever defaulted, was late, or the house went vacant, then I am sorry but we have worked very hard managing your property to protect you and your credit.
9. We have done everything we promised, making every payment on time every month, protecting your credit, and making your credit look good in the eyes of your lenders.
10. Our entire agreement is in writing that you signed and notarized. We never guaranteed or promised your loan would be paid off in a set amount of time. (see attached ACKNOWLEDGEMENT)
11. For the first time property values are beginning to move up in this subdivision. see (2012-2013 Comps (solds) and (2013 – 2014 Comps (solds) showing the average comp is now up to $93,700.
I am open to focusing on solutions and I am open to a phone call or email to discuss them.
I look forward to an amicable solution.
[redacted]