WHY AND HOW I DID AN UNUSUAL REAL ESTATE SHORTSALE

There are no paid advertisements on this web site but sometimes I post a Codes matrix in gratitude for a service rendered that I feel is exemplary. This article is begins with what I consider the best of real estate advice and assistance that I've ever been given, though sadly it was required to deal with the some of the worst deceit that I've ever encountered. The Title Company of Florida at www.myfloridaclosing.com is the company first commended here. On the matrix below, the axis term is FLORIDA. CLOSING is at skip +1. The name of the owner, Michael SCHNEIDER is at an ELS. HONEST is at the same skip as FLORIDA, and I included transliterations of the names of three terrific and hard workers there, LISA, LUANNE, and BECKY. All company personnel exhibited the highest professional abilities, but Becky went far beyond all reasonable expectations in keeping me informed at all stages of the complex experience encountered. The knowledge she voluntarily supplied was critical in allowing me to successfully navigate the pitfalls of a very difficult process. If you're looking for something more exciting to read about, hang on - this article goes on to discuss the Ark of the Covenant, the Holocaust and our family, mortgage fraud, and even how to fix the U.S. home mortgage negative equity crisis. 

THE ULTIMATE SOLUTION TO THE MORTGAGE NEGATIVE-EQUITY CRISIS. The solution here is for banks (voluntarily or by force of law) to establish data bases that facilitate responsible, on-time homeowners to trade negative-equity homes with each other.  A data base for trading negative-equity homes is the only way out of the housing crisis. Depleting the inventories in this way not only is in the interest of homeowners, banks, and investors everywhere – but it will also allow the new home construction industry to surge again. Specifically, this solution will:

1. Keep homes from going into foreclosure or short sale.

2. Protect credit rating of buyers who need to move.

3. Allow homeowners who lose their jobs to move to areas where jobs are available.

4. Help people with security clearances (like at the Kennedy Space Center) to take jobs elsewhere without losing their security clearances – something that happens to them now if they lose their homes through foreclosure or short sale.

5. Diminish the excessive home inventories that prevent responsible homeowners from selling their homes because homeowners cannot compete with Bank foreclosure and short sale prices.

6. Increase property values for homeowners and for banks who already hold foreclosed properties. It will prevent further bank failures and investor losses that the high rate of foreclosure now causes.

Epilogue. The short sale went through on April 19, 2012. Wells Fargo never listed it with credit agencies. BB&T, we found out 22 months later, falsely listed it as a foreclosure. I threatened to sue them for defamation of character and criminal action. They corrected the report within a week. This occurred while I was applying for a VA mortgage for a terrific condo that my wife and I were renting for two years on the beach in Cape Canaveral. The agents at http://www.vahomeloancenters.org/ worked hard to help us procure the new loan. It was approved in less than two months, with very little money down. We closed on our new home on May 6, 2014. Initially the mortgage was with Primelending. However, before the first monthly payment was due they sold the loan. And who do we pay now??? Well, that would be Wells Fargo again (apparently there are not too any mortgage banks left). But there will be no complaints from us this time!