How can I short sale when my lender was so mean to me?

Posted on October 1st, 2010 in Short Selling/Buying.

Chicago IL – If you have ever gotten behind on payments, then you know how mean the debt collectors can be. The constant barrage of threats, demands, and phone calls usually proves to be too much for most people. As a result they give up.

Discover how other sellers successfully did a short sale and request a free consultation by clicking here.

Debt collectors are mean. But, it is a tough job (although I have no sympathy for them.) I heard of a guy who recently got a job as a debt collector.

He quit after a couple of weeks. It was just too harsh and depressing. They get on the phone every day for 8 hours of abuse. Some of the people they call scream at them.

Very few people are nice. It’s probably very depressing because you hear about other people’s problems all day long. They become cold and callous as a result of the work.

As a result, they take their frustrations out on the people they call. If you are trying to negotiate a loan modification or short sale, do not work with the debt collection people.

They don’t want you to modify your loan or keep your home. Why is that? Because they are paid bonuses on the money they collect.

They don’t make a thing if you short sale or modify your loan. The debt collection people are an ugly, dull, almost useless tool. The lenders use them in a half hearted attempt to get you to pay.

You see lenders don’t want you to short sale or modify your loan. They just want you to catch up your payments and start paying on time again. That way they don’t lose any money.

The debt collectors are the first line of offense. “Sic em”, they say to the debt collectors in the hope that you will pay up. Fortunately, when we negotiate a short sale we talk to a different group of people.

These people work in a different department. They are not callous and cold. They don’t hate their job. They get paid substantially better than the debt collection folks. For most it is an actual career.

These people have training. They approve and deny short sales based on set criteria. Their job is to process the short sale, not collect money. They know that most people who are short selling can’t pay. So they don’t bring it up.

We do all the negotiations and discussions with them. That means when you start the short sale process, you don’t have to talk to the people at your lender anymore. We take over and handle everything for you.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (312) 953-6725.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Remember to visit my Chicago short sale blog frequently for great information and news on short selling in Chicago

Thinking about a loan modification? Our Chicago Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, Phil Buoscio.

Phil is a Real Estate Agent at Better Living Realty – Buoscio Brokerage, Inc..

Phone: (312) 953-6725.

View My homes for sale at

Phil Buoscio, is a broker with Better Living Realty he leads the sales team “Phil Buoscio Team” and specializes in short sales in Chicago Illinois. Chicago Loan Modification Help can be referred to you. We don’t do loan modifications ourselves but we work with those who do. We know Chicago Short Sales. I am a Chicago Short Sale Realtor. Chicagoland Short Sale Realtor. Chicago IL Short Sales. Chicago Realtor. We do business in Pilsen. McKinley Park. Bridgeport. Wicker Park. West Town. Ukranian Village. Lincoln Park. Near North. River North. East Village. Logan Square. Uptown. Edison Park. Portage Park. Hermosa. Lincoln Park, South Loop, West Loop. Bronzeville. Hyde Park. Kenwood. Oak Park. Brookfield. Cicero. Berwyn. Evanston. LaGrange. LaGrange Park. Riverside. We sell condos, single family homes, lots, land, multi units, two flats, three flats, etc.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Buoscio’s personal views and do not reflect the views of Better Living Realty – Buoscio Brokerage, Inc.. This information on How can I short sale when my lender was so mean to me is provided as a courtesy to our viewers to help them make informed decisions.