loan modifications: Most Cooperative Lenders - Loan Mod and Short Sales
- 10/26/09 01:40 PM
Friends, When it comes to loan mods, it is critical to know which lenders are most cooperative. Below is the list of most cooperative lenders for loan mods. This lenders are also more helpful with short sales. If you are in the Portland Metro Area contact me at info@nwlossmit.com or 971-222-3734. I can help you with your loan modification and short sale needs. MOST COOPERATIVE LENDERS:· Bank of America/Country Wide*· CHASE/WAMU/EMC· Aurora· Wells Fargo· SLS**· GMAC/Home Comings· Wachovia· Litton· National City Mortgage· Saxon Mortgage Services· Select Portfolio Services*Will not modify loans on investments regardless if they are occupied.**Very cooperative with modifying … (1 comments)
loan modifications: Loan Modification - Too much negative cash flow
- 04/24/09 05:48 AM
A & J:I looked well at the number you in your pre-qualification form. The your mortgage payment is already low. It would be hard to drop $400 out of the monthly payment because the payments are only $1400. Even if that happens, now you would be at a break even point. That is why I think the bank may not approve the loan mod with your present expense configuration. If they do, you may not last that long. Consider reducing some expenses such that you have less negative cash flow. That way we can help you a lot better. Call me … (0 comments)
loan modifications: FREE Loan Modification Webinar Monday March 2nd, 4:00pm PST
- 02/25/09 04:20 AM
Invitation - Loan Modification FREE webinar. Monday March 2nd at 4:00pm PST Friends Hi! This is Oscar Morante. I am a real estate agent licensed in Oregon and Washington.This is an invitation to a FREE loan modification webinar Monday March 2nd, at 4:00pm PST As you know, now a days, there is a great demand for loan modifications. Most over-mortgaged homeowners are still employed and able to pay, but not as much. Banks are now on the defensive. As a result, banks are modifying loans in order to prevent further foreclosures. As a real estate agent, this is a technique you … (0 comments)
loan modifications: FREE Loan Modification Webinar & Modification Sample Results
- 01/19/09 01:17 PM
Date: January 22nd Time: 4:00pm PST Location: The web. click here to sign up. I am glad you are interested in loan modifications. This service is in high demand. If you have not signed up yet, click here to sign up. You will get an invite to the event Wednesday afternoon and Thursday morning. Feel free to forward the invite and/or this email to your friends. To sign up for the web event go to http://www.nwloanmodnet.com/Webinar.html. Webinar Outline 3:50pm PST - Start Login. Open line conversation. 4:00pm PST - Begin Event. Intro to loan modification Market size and statistics Qualifying clients Intake … (1 comments)
B - Client Hardship Documentation: •1. Client hardship letter •2. Applicable hardship documentation such as medical bills, divorce decree, death certificate, unemployment, documentation with date of termination, etc. •3. Change of employment or decrease of income information (if applicable) •4. Other hardship information as may be applicable
C - Client Financial Documentation: •1. Completed financial statements •2. Client monthly budget worksheets •3. Employed individuals •a. Copies of two months payroll receipts or stubs (if applicable) •b. Copies of two months of the most recent bank statements for all accounts •4. Self-employed … (0 comments)
loan modifications: Mother in Law Not Vacating Property - Short Sale Q & A
- 12/09/08 03:20 AM
Yvette:Thanks again for considering me for your short sale needs. If your mother in law does not want to leave, you will need to talk to an attorney versed on landlord - tenant law. If there are no written contracts the process may take long and become expensive. It would be better if your husband negotiates a good will agreement. I would not corner your mother in law because now she is in survival mode. If you are in Oregon or Washington I can help you better.Look at my web site www.oscarpdx.com. There is a good bit of information there. One … (1 comments)
loan modifications: Mortgage Debt Relief Act
- 11/21/08 04:49 AM
Friends: Below is a transcript of the federal mortgage debt relief act. This is something every short sale professioanal should know about. I have also included the HUD link. Oscar
Federal Law & Resources Housing & Urban Development Department (HUD) Mortgage Debt Relief Act Text Copied From IRS Site Direct Link to IRS Site
A short sale is a transaction in which the homeowner sells a property for less than what is owed. The lenders voluntarily take a loss, and forgive the unpaid portion of the debt. Shortsales only take place when the value of the property is less than what is owed to the lender, and the owner is insolvent. A property worth less than what is owed is "over-mortgaged".
A short sale is right when an insolvent homeowner in default owes more to a lender than what the property is worth. The homeowner has … (0 comments)
loan modifications: Washington Foreclosure Law
- 11/20/08 05:04 PM
Washington Foreclosure Law Download Foreclosure Timeline www.bestshortsales.com www.oscarpdx.com www.rapidforeclosuredata.com www.shortsalesprocessing.com
Summary:
Most notices of default are delivered after 120 days of default Non-judicial foreclosure is most common. Non-judicial foreclosure is foreclosure by trustee sale, with no right of redemption Non public record notice to begin foreclosure delivered 30 days prior to delivery notice of default (NOD) Minimum 90 days from recording and delivery of notice of default (NOD) to foreclosure sale Last day for equitable redemption, meaning last day for legally enforceable loan reinstatement, is 11 days prior to foreclosure sale Property owner has 20 days to vacate … (0 comments)
Most notices of default are delivered after 120 days of default Non-judicial foreclosure is most common. Non-judicial foreclosure is foreclosure by trustee sale, with no right of redemption Minimum 120 days from recording and delivery of notice of default (NOD) to foreclosure sale Last day for equitable redemption, meaning last day for legally enforceable loan reinstatement, is 5 days prior to foreclosure sale Property owner has 10 days to vacate property after foreclosure
OREGON FORECLOSURE LAW Text Copied From State of Oregon Law Statutes Web … (0 comments)
Oscar Morante, Realtor and Short Sale expert interacts with all individuals seeking more knowledge in this fascinating field.
The more you learn, the more you earn. Short sales is where most of the business is at. Sure it is a bit more work, but if you are good opportiny is abundant.
Learn everything about short sales.
Friends,
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