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"My friend Got a Nod...Can you Help Him Re-Finance Please ...." Asked the______________

Posted by Sally K. & David L. Hanson on January 31, 2010 at 3:10am
"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 MoonNotice of DefaultOf 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.
Tags: Credit, Default, Notice, Rating, foreclosure, of
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