"If you find that your Chapter 13 plan is unaffordable... contact me to discuss alternative, non foreclosure options that can serve to protect your future creditworthiness."
Then give them a magnetic business card, or something to hang on the refrigerator that is generic, useful, non-threatening, and readily available.
[addsig]
ShortSale Pro, I'm not able to contact you could you contact me to discuss those options?
Quote:
On 2004-09-01 12:41, TheShortSalePro wrote:
"If you find that your Chapter 13 plan is unaffordable... contact me to discuss alternative, non foreclosure options that can serve to protect your future creditworthiness."
Then give them a magnetic business card, or something to hang on the refrigerator that is generic, useful, non-threatening, and readily available.
If you are dancing with foreclosures and bankruptcy... you should already have a good idea what those options are....perhaps two of them being a preforeclosure sale, or preforeclosure short sale.
The 'letter' should integrate your specific skillset and/or specialty with their problem... What can you do to help them? That's what you put in your letter.
Yes, I pretty much understand those options like you stated. I really didn't clarify what I was asking, I should have included does anyone know the downside of Chapter 13.
Like for example, I have a prospect that filed Chapter 13 and the bankruptcy is for 5 years and if the prospect stayed for the duration of the bankruptcy, they would end up being upside down.Plus I was trying to see if anyone had a letter that deals with those type of issues.
Quote:
On 2004-09-01 18:19, TheShortSalePro wrote:
If you are dancing with foreclosures and bankruptcy... you should already have a good idea what those options are....perhaps two of them being a preforeclosure sale, or preforeclosure short sale.
The 'letter' should integrate your specific skillset and/or specialty with their problem... What can you do to help them? That's what you put in your letter.
Why would they be 'upside down' if they stayed in a BNK plan for 5 years? They would be paying down their principal balance, and, presumably, the property value would appreciate.
Thanks I will do that,but as for my question conerning the the past due amount how is that handled in a bankruptcy? Is it still hanging over there head or included in the workout of the bankruptcy?
Quote:
On 2004-09-02 12:48, TheShortSalePro wrote:
I recommend that before anyone solicts folks in bankruptcy... they should have at least a basic understanding of the various Chapters.
So, before you even think about devising a "letter" you might want to buy a primer on bankruptcy.
"If you find that your Chapter 13 plan is unaffordable... contact me to discuss alternative, non foreclosure options that can serve to protect your future creditworthiness."
Then give them a magnetic business card, or something to hang on the refrigerator that is generic, useful, non-threatening, and readily available.
[addsig]
ShortSale Pro, I'm not able to contact you could you contact me to discuss those options?
Quote:
On 2004-09-01 12:41, TheShortSalePro wrote:
"If you find that your Chapter 13 plan is unaffordable... contact me to discuss alternative, non foreclosure options that can serve to protect your future creditworthiness."
Then give them a magnetic business card, or something to hang on the refrigerator that is generic, useful, non-threatening, and readily available.
If you are dancing with foreclosures and bankruptcy... you should already have a good idea what those options are....perhaps two of them being a preforeclosure sale, or preforeclosure short sale.
The 'letter' should integrate your specific skillset and/or specialty with their problem... What can you do to help them? That's what you put in your letter.
Or did I totally misunderstand your question?
Yes, I pretty much understand those options like you stated. I really didn't clarify what I was asking, I should have included does anyone know the downside of Chapter 13.
Like for example, I have a prospect that filed Chapter 13 and the bankruptcy is for 5 years and if the prospect stayed for the duration of the bankruptcy, they would end up being upside down.Plus I was trying to see if anyone had a letter that deals with those type of issues.
Quote:
On 2004-09-01 18:19, TheShortSalePro wrote:
If you are dancing with foreclosures and bankruptcy... you should already have a good idea what those options are....perhaps two of them being a preforeclosure sale, or preforeclosure short sale.
The 'letter' should integrate your specific skillset and/or specialty with their problem... What can you do to help them? That's what you put in your letter.
Or did I totally misunderstand your question?
Why would they be 'upside down' if they stayed in a BNK plan for 5 years? They would be paying down their principal balance, and, presumably, the property value would appreciate.
With my limited knowledge on bankruptcies, I figured the past due was never payed off and the interest pile up every month.
I recommend that before anyone solicts folks in bankruptcy... they should have at least a basic understanding of the various Chapters.
So, before you even think about devising a "letter" you might want to buy a primer on bankruptcy.
[addsig]
Thanks I will do that,but as for my question conerning the the past due amount how is that handled in a bankruptcy? Is it still hanging over there head or included in the workout of the bankruptcy?
Quote:
On 2004-09-02 12:48, TheShortSalePro wrote:
I recommend that before anyone solicts folks in bankruptcy... they should have at least a basic understanding of the various Chapters.
So, before you even think about devising a "letter" you might want to buy a primer on bankruptcy.