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  Esther Bonnie Godel July 10, 2011 at 1:58pm

  I have no choice but to move back to South Florida to be near my mother.  Ive been back 3 times in the past 2 months staying at hotels, paying for food.  I wonder if I went to Bank of America and explained my situation if it would help.  These professionals did nothing better than what I did for myself.  The short dsale desk at Bank of America are kind, courteous, and will give me the time on the phone.  I need to know if they have a somewhere to see the actual decision makers.
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  Jim Schneider July 10, 2011 at 11:11am

  Ester, is there a way that you could document the financial hardship caused by helping with your mother's care? For example, I had to reduce my hours from # to #, I have to drive, __ miles per month at a cost of $__ and I am currently paying for her food, which costs $___ / month and medicine which costs $__ / month. If any of that is true and you can document paying for it (canceled checks, credit card statements, keep a travel log of assistance related trips), you may find that the bank is more willing.

   

  I think that the help of a real estate agent that is experienced with short sales is valuable in these circumstances. Yours may or may not have been good, I wouldn't assume that because someone has a designation they're good. Look for a list of CLOSED short sales where they were the listing agent, ask to see the actual MLS print out with their name at the bottom.
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  Esther Bonnie Godel July 9, 2011 at 11:13pm

  My mother is not well and needs me to assist with her care.  There is no compromise.  Im wondering if I went to Bank of America personally and tried to do the right thing if they might be willing to consider the sale.  Would that be a foolish idea?   Otherwise, I will have to go the sleezy route.  I cannot handle to households.
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  Tni LeBlanc (805) 878-9879 July 9, 2011 at 1:49am

  That's a story that I hate to hear.  

  I think Bryant's advice to flesh out the reason for the hardship lender is on point. 
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  Jeff Payne July 9, 2011 at 1:10am

  Esther, I know it sounds bad and may not work but do you have access to the $100,000 that you are short?  can you borrow it somewhere?   Not sure how much your current payment is but just thinking that if you can trade the higher note for a $100,000 note and pay that off over time, you may be able to work it out
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  Bryant Tutas July 9, 2011 at 12:15am

  Esther. Not all lenders and investors require you to miss payments. But some do as you found out. Sometimes trying again will get you a different response. Is there a hardship or are you just wanting to sell? Has something changed (other than property value) in your situation from the time you borrowed the money?