short sale: Free Loan Modification, Short Sale, Debt Settlement and BK Work Shop for Homeowners - DT Portland - 11/10/09 08:53 PM
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Workshop Description
In this event you will learn the ins and outs of loan modifications, debt settlement, bankruptcy and short sales. This is an informational event in which we will get to know each other. You will learn the main aspects of the … (0 comments)
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short sale: Foreclosed Second Mortgage Law Suit Threat and Situation - 10/30/09 12:55 PM
xxx:I understand that you did not refinance. You bought the house with the mortgages present at the time of foreclosure. Is that right? The majority of states have purchase money protection statutes. Oregon and California do for sure. Maybe Washington does not. There are some caveats as well. For example, in Oregon, once the second mortgage is over around $120K, it is treated differently. I work in Oregon and Washington, so this knowledge is very important to me. I will ask my local Washington attorney for my own knowledge sake. They deal with this issues all the time. Often they take … (4 comments)
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short sale: 2200 SF 4 bed / 3 bath Year 2004 Vancouver Bargain - Hazel Dell - MAKE OFFER - 10/24/09 08:39 PM
Want a Deal? Make an offer! We will take it.
3817 NE 98TH ST, Vancouver, Wa 98665
Fantastic Bargain : By far best priced property in the area
Contact Oscar Morante, Realtor 971-222-3734 for access.
Beautiful home. Kitchen Whirlpool appliances & oak cabinets. Gas fireplace in family room, formal dining, 9' ceiling on main, Master suite w/jet tub & w/in closet. Beautiful landscaping, spinkler system. Conveniently located min. to Home Depot, Costco, I-205, I-5
By far the best priced property in the neighborhood as well as one of the best ones. RMLS # 9067449
4 bed 3 bath 2 story … (0 comments)
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short sale: Documents Needed for a Short Sale - 10/10/09 06:37 PM
A short sale is a transaction in which a homeowner sells a property for less than what is owed, the lender takes a loss, and any unpaid balance is forgiven. For this to happen, a set of documents is needed.
Main Documents:
Purchase and sale agreement. This is the accepted offer. This document is evidence that, under a certain set of conditions, the owner is willing to transfer ownership of the property to the buyer. Of this set of conditions, purchase price and possession date are the main focus. The purchase and sale agreement needs to be well-executed. To be legally … (0 comments)
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short sale: How to Do a Short Sale - 10/10/09 05:39 PM
A short sale is done by negotiating with creditors secured by a property so that when the homeowner sells the property, the creditor gets less than what is owed, and forgives the homeowner from paying the remainder of the debt. This is a brief explanation of how this short sale is done.
Home loans are loans in which the homeowner's home is collateral securing the home loan payment. Short sales are necessary when the value of debt secured by a property is more than the value of the property. Under these conditions, at sale, there is not enough money to pay … (3 comments)
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short sale: What is a Short Sale? - 10/10/09 05:10 PM
A short sale is the transfer of ownership of a property in which the creditors secured by the property are paid off less than what they are owed. This happens when the value of the property is less than the value of the debt secured by the subject property and the owner can't make up the difference. Reluctantly, the lender forgives the unpaid balance. This article briefly explains why this happens.
The vast majority of properties are purchased with the aid of financing. In order to pay for the property, the homeowner places a small down payment. Since the down payment … (1 comments)
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short sale: Everything Well Done Works Well - 12/01/08 09:41 PM
Creative But Realistic Real Estate Sale Options
Real estate can always be sold. It is all a matter of desire, financing and transfer method. That's why there is so much space for creativity. Below are the main types of real estate transactions. All these type of transactions are safe and time proven to be effective. What matters is that they are correctly executed. I can help you sell through any of these methods.
Cash-Out. This is the most common type of transaction. A buyer pays for the property by using own cash or some sort of financing. The seller gets cash-out … (1 comments)
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short sale: Mortgage Debt Relief Act - 11/21/08 12:49 PM
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
www.bestshortsales.com www.rapidforeclosuredata.com www.shortsaleprocessing.com www.oscarpdx.com
… (0 comments)
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short sale: Real Estate is About People - 10/23/08 12:50 AM
I am glad you are still interested in Short Sales. Hopefully you enjoyed yesterday's free lesson. Today I want to share with you something very important: The real estate business is not really about buildings. It is about people. Without people land is worthless and structures meaningless.
It is people that own and pay for houses and buildings. People finance real estate and borrow against too. Real estate is inert. Buildings, houses and land don't make decisions. The people that own them do. As such, default and foreclosure problems are caused by people.
The best place to start working on a … (0 comments)
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short sale: Double Escrow Alternative Funding Web Meeting 10-24-08 - 10/14/08 12:16 PM
Web Meeting Date: 10-24-08Time: 1:00pm PST.Sign Up At: www.BestShortSales.com/deaf/
Looking for more transactions? Consider double escrows. This is how it works: You buy and sell a property the same day!. No out of pocket expenses! This is one of my favorite types of transactions. Agents make more commission, investors eam more in flips. If you are an agent, you are not excluded from this. Try it. You will like it. Attend out next web meeting on Double Escrow Alternative Funding. Below is the announcement.
Double Escrow Web Meeting
This is our most attended meeting. Because of demand, this web meeting will re-occur … (0 comments)
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short sale: Double Close Alternative Funding Web Meeting Today - 09/09/08 12:28 PM
Dear Friends,
I am glad you are so interested in Short Sales. We still have a few openings for today's DoubleEscrow Alternative Funding.
Today's meetng is about funding Double EscrowTransactions when you are in the middle so youdon't have to bring any cash. You earn based onyour negotiation and real estate expertise. Wewill present the our funding service and show acase study.
To sign up go to www.bestshortsales.com/deaf/
Sincerely,
Oscar
… (0 comments)
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short sale: San Diego County Pre-Public Record Default Counts - HUGE - 09/08/08 07:28 PM
Friends:
Here is the San Diego County, California pre-public record default count. The count is divided into 30, 60, 90 and 120 day late. This are the individual that are behind in payment but not yet in default. The data source is Equifax Credit Reporting Agency.
The numbers are so big that I initially thought we had made a mistake. To visualize the amount of short sales and foreclosure deal available in San Diego county, add this number to the properties that are already in foreclosure. On top of that add the backlog of properties that have been delayed from Trustee Sale … (2 comments)
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short sale: Client Short Sale Follow Up - 09/05/08 08:23 PM
HI Oscar,
Any word on SAGE or Upena properties?
I wonder if they foreclosed yet.
Thanks,
Da
bye-bye friends--- On Tue, 10/xx, Oscar Morante wrote:
From: Oscar Morante Subject: Sage update and trip situationD:I am having a good bit of action with Sage lately. Chris is very helpful. Thanks for connecting me with him. Keep checking your email often for this updates. I would not be surprised if I suddenly have to close in a hurry. Maybe the lady at Western already told you that right prior to closing they will want to speak with you to confirm if you are … (0 comments)
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short sale: Post Short Sale Debt Q & A - 09/04/08 01:34 PM
H:Thanks for considering me for your short sale needs. Is your property listed with a real estate agent? The agent is the one that is supposed to know this. That is why they are getting a commission.This subject is a not simple but I will try to answer in a paragraph. This is not legal advice. Just personal opinion.A sale in which secured creditors are paid less than what they are owed is called a "short payoff". There are two solutions to a short payoff. A true "short sale" and a "release of lien." In the release of lien the bank … (2 comments)
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short sale: Second Mortgage Short Sale Situation - 09/04/08 01:08 AM
OK, sounds good. DOscar Morante
D:Good to hear from you. I will provide you a final proposal for both Upena and Sage. You need to come up in better shape than foreclosure or otherwise it will not make sense to you. This come with the foreclosure business territory. I will not be offended if you decide not to go ahead with a solution I propose. Just give me a chance to put something in front of you. Lets see what happens. Give me some time. Foreclosure has not started with Sage. This means that there are several months to solve … (0 comments)
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short sale: Possible Short Sales Approval and Consequences - 09/02/08 10:35 AM
D:This week there is a good chance on closing Sage. We need to act quickly. The benefit to you is that you get debt forgiveness. You will not owe any more on Sage.This is what will sooner or later will happen. Sage has two loans. Below are the two possibilities.
The most likely case is that the first loan will foreclose by trustee sale. If someone buys the property at the sale, most likely the second mortgage will not get paid. The result will be that you will still owe all the value of the second loan plus all continuing to … (2 comments)
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short sale: Short Sale Client Questions - 09/01/08 12:24 PM
HI L,
I hope you can make the deal work for you, as I am not in a position to sign any notes to pay...I have way too many mortgages that I would owe, and if it comes down to it, i will have to claim Bankruptcy.....i will have to address this when "the dust settles". Thanks Oscar for your generosity with repies.
Regards, DL:You will have to speak with Darrick about that. Basically they want to release the lien and Darrick to still owe part of the debt. That is probably close to the value or less than the … (2 comments)
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short sale: Short Sale Client Dialog - 08/30/08 03:54 PM
HI Chris, please Call Oscar about helping us with Sage short sale!!.............................. Sis, please call Chris and have him call Oscar....i dont think he replies to emails Oscar, thanks for update... i am working on meldrum with realtor......she may be handling this one for now....after Oceania is successful, I will show her that I MUST use you and provide her proof of your success, for now she is hesitant to release listing contract. Oscar, www.santateresahostels.com is where i am all April DShonda & Darrick:Thanks again for the opportunity to work with your properties. This is a brief update about … (0 comments)
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short sale: Short Sales A-Z Course Q & A - 08/26/08 10:52 AM
Andy:Below are my answers in bold.
In your professional opinion, what is the best method for purchasing property if �cash out� is not an option? In a cash out someone buys the property. Options are something else. In an option you have a right to buy a property within a time period and / or certain conditions. Release of lien- How does this affect me (the investor)? If the security interests in the property are released by the 2nd mortgage company..is this something I should pay off for the customer, or just let them handle themselves? The release of lien does … (0 comments)
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short sale: Minnesota Counties 30 to 120 Lates Pre-Public Record Defaults - 08/21/08 06:24 PM
Here are the today's 30-60-90-120 count for Dakota and Scott Counties in Minnesota.
Oscar Morante
info@rapidforeclosuredata.com
… (2 comments)
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