Home Selling in 63137>Question Details

Susann, Home Seller in Saint Louis, MO

We have moved out of state but cannot sell the home in the state we moved from. We can do nothing without the

Asked by Susann, Saint Louis, MO Wed Feb 11, 2009

sale of that home. Will the home loaan institution or bank help in anyway

Help the community by answering this question:


You are in the same position that a lot of people are in at the moment. You can talk to your bank at their loan mitigation dept. Some, will work with you, some, unless you are behind in your payments will not. Some will look at all your finances and will not forgive the loan if you have other assets, others will, so you need to talk to them. If the home is in St Louis, and you are looking at a short sale, call Louis Campbell at 314-229-2929 and he can help you get it sold, he's very good with short sales, typically he talks to your bank for you, so you don't have to.
Web Reference: http://www.YourSTLHome.com
1 vote Thank Flag Link Wed Feb 11, 2009
Do your research on short sales and you could consider speaking with your bank about listing the home as a short sale.
0 votes Thank Flag Link Mon Jul 16, 2012
Susann, I hope to hear things have shifted in the right direction for you. You are not alone. I do believe that if you have the right contact persons at the bank you will move forward with the transaction in a timely manor. I would strongly suggest that you hire a real estate professional with extensive experience in short sales. Your realtor will expedite the process on your behalf.
I have successfully closed all of my short sale listings within 45 days. I am more than happy to answer any questions you might have regarding a short sale.
You can reach me direct at 636-299-1884
Sheila Gerken-Worley
0 votes Thank Flag Link Thu Mar 5, 2009
Have you consider leasing the property therefore offsets any negative cash flow perhaps offer lease purchase option. Work with bank determine what options are made available
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Wed Feb 11, 2009
Susann, You might try this site......http://www.995hope.org/
It's free, 24/7 They provide counseling and assistance in working out a solution according to the site, might be worth a try.

Good luck, Dunes
0 votes Thank Flag Link Wed Feb 11, 2009
Ask your Realtor to do a market analysis. Lower the price to the lowest amount and see what happens. You may want to consider a "short sale" however there will probably be credit ramifications involved.
0 votes Thank Flag Link Wed Feb 11, 2009
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