"Can You Help My Friend ?....He got a Notice of Foreclosure...."

full moon I know, it was a full moon this week...just didn't think it was ALL week...we got a call asking if we could help a friend of the caller. The friend had come upon some hard times, gotten behind in his mortgage, his credit score was nil.....and couldn't we find a lender...that for a point or two.... a higher rate...an extra something....could just re-finance both the friend's property and his mother's. The caller knew that both homes have equity...(I am thinking HAD equity...) Surely, he continued, we would know a lender that could help his friend.

Mental checklist

- Foreclosure Notice

- Low Credit Rating

- Full Moon

Notice of Default

Of course, we called the friend...given the details, there is no bank on earth that would touch any sort of financing...maybe the Bank of Mom & Dad but Mom is also in financial difficulty. Stay tuned for short sale new listing blogs. We are sorry, there is no lender able to help the friend.

' The Rest of the Story ? The caller was a former mortgage banker.