avoid foreclosure: Can't Handle The Mortgage Payments Anymore? Stop The Insanity With A Short Sale - 05/30/11 03:07 AM
Are you having difficulty paying your mortgage payment?
Do you need to get rid of this house but you owe more than it is worth?
Do you feel that if you got rid of the high mortgage payment you could handle your other obligations?
Are you falling behind on bills just so you can make the mortgage payment?
Are you unable to pay your medical bills just so you can pay your mortgage?
Are you afraid you will lose the house to foreclosure and the bank will garnish your wages?
Are you borrowing money to keep your mortgage payment current?
Are … (5 comments)

avoid foreclosure: Do It Yourself Divorce and Uncontested Divorce – But what about the upside down house debt? - 05/19/11 12:25 AM
Divorced or divorcing spouses often call me to help them sell their house. Sometimes they say they have a very simple divorce. No kids, no complicated assets to divide up. Just a mutually agreed upon decision to part ways.
“There is that house we need to sell. But, there’s no equity to split, so it’s not a problem. We owe more than it’s worth.”
I’ll ask, “What does your divorce attorney say about that?”
“We’re not wasting money on lawyers. We went to the court house and got a do-it-yourself divorce packet, filled it out ourselves and filed,” comes the reply. … (3 comments)

avoid foreclosure: The Biggest Loser – Of Mortgage Debt - 05/17/11 04:33 PM
Okay, call me nuts. I find inspiration about helping sellers avoid foreclosure in the weirdest pIaces.
I’m not a big fan of reality TV shows. Most of them do not reflect reality at all. I usually channel surf right over them. This time I was vegging out after a very long and tiring day and couldn’t find the remote. So I ended up watching an entire episode of “The Biggest Loser” where contestants compete on how much weight they can lose.
The contestants were telling their story about their excess weight;
Too much to bear Needed to feel normal again Had … (1 comments)

avoid foreclosure: Getting contradicting advice about short sales - who should you listen to? - 03/23/11 02:59 PM
You are in a financial bind. You ask people for advice. Did you notice many give advice even though…
Some have vested interests. Some don’t see the full picture, only their narrow area of expertise. Some wear expensive suits but have never done a short sale, and think that short sales are too good to be true. Some sincerely want to help but don’t know the reality of short sales and how to avoid foreclosure. Some can’t imagine your emotional or financial position. Who are the people who give you advice about avoiding foreclosure and minimizing the damage to your financial … (12 comments)

avoid foreclosure: Short Sale Gridlock - 1st Mortgage Waiting On The 2nd, The 2nd Waiting On The 1st - 02/27/11 03:54 PM
Litton Loan is the first mortgage, Citi is the second.
Citi won't approve a short sale settlement amount until they get a copy of the payoff to Litton and the amount of losses Litton will incur.
Litton says they won't approve the short sale until Citi approves their settlement amount.
Litton waiting for Citi. Citi waiting for Litton.
We escalate to management.
We wait.
Litton still waiting for Citi. Citi still waiting for Litton.
We escalate to management.
We wait.
Repeat the process.
Then a stroke of luck, someone at Citi is off work that day
We escalate to the same … (1 comments)

avoid foreclosure: Can I Stay In The House While A Short Sale Is Being Done? - 02/19/11 03:25 PM
Can you stay in the house while a short sale is being worked out with your lender?
Yes! Actually, your lender usually prefers you stay in the house, even if you are not paying the mortgage.
Why Does The Lender Want You Stay?
If you stay in the house, you are protecting the house, which means you are protecting the lender’s investment.
Here’s how you help the lender by staying in the house:
You are keeping the heat on, thereby protecting the house from freezing pipes and water damage. This is very important in the Louisville, KY area. You are keeping … (39 comments)

avoid foreclosure: Can I Short Sale If I’m Behind On Payments? - 02/18/11 02:41 PM
Can I short sale my house if I am behind on payments in Louisville KY?
Yes! As a matter of fact, banks and lenders have designed the short sale as a method to help borrowers who are behind on payments. The banks almost expect you to be behind on payments in order to qualify for the debt relief of a short sale. You have options, and there is a way out.
What is a short sale?
A short sale occurs when a house sells for an amount short of the full amount amount owed to the lender. Hence the word “short” … (7 comments)

avoid foreclosure: I Need To Sell My House Fast In Louisville To Avoid Foreclosure - 02/17/11 12:15 PM
Thousands of homeowners are behind on mortgage payments in Louisville KY. You are not alone. It’s a local and national epidemic.
The job market is weak. Family issues may be causing financial difficulty. House values are down, big time. You can’t sell for enough to pay off the mortgage, and you can’t afford to pay a Realtor commission, closing cost, maybe some back property taxes, homeowner association fees or other liens that attached to the house. When the money isn’t there to make the house payment, it just isn’t there. So Now What? Is There a Way Out?
Is There an … (0 comments)

avoid foreclosure: Be Smarter on Friday Than You Were On Monday - How It Relates to Foreclosures and Short Sales - 01/20/11 01:09 AM
I just heard the actor Richard Dreyfuss say “Be smarter on Friday than you were on Monday”. What a profound statement. I immediately related this to the complexity of helping sellers avoid foreclosure by procuring a short sale.
A short sale Realtor’s quest for knowledge is never ending. There are hundreds of written rules and hundreds of unwritten rules and practices.
There Is No Definitive Rule Book - Any Attempt To Write One Will Be Obsolete Before It Is Finished
The written rules are decentralized and scattered among countless government and bank publications and directives.
The undocumented practices just ebb and … (21 comments)

avoid foreclosure: Think a Foreclosure Moratorium Will Save Your Home in Oldham County KY? - 11/07/10 03:50 PM
Bank of America, GMAC and Chase have recently announced a freeze on foreclosures. Soon thereafter they announced they lifted the freeze and will continue the foreclosures.
There is much confusion in the market.
One thing is sure, however, if the borrower is behind on payments, the lender eventually has the right to foreclose.
The reality is that a foreclosure freeze is not the answer to your problem. However, there are steps you can take to avoid foreclosure.
Please click here for a free report on the Five Steps to Avoid Foreclosure
 
Oldham County includes but is not limited to: Ballardsville, … (0 comments)

avoid foreclosure: Hidden Costs of Bankruptcy - What To Know If You Are Facing Foreclosure in Louisville - 11/07/10 03:40 PM
If you or someone you know is facing overbearing financial obligations and have considered declaring bankruptcy, the whole world—not just a mortgage—may feel upside-down. But during this stressful time, it is important to understand the processes and consequences of bankruptcy and any feasible alternatives in order to make the most informed decision.
Important disclosure: I am not an attorney, I am a Realtor right here in Louisville, KY. You should consult with an attorney to verify all relevant legal aspects of foreclosure and bankruptcy.
Bankruptcy stays on your credit for many years. The hidden costs of a bankruptcy include:
Inability to … (0 comments)

avoid foreclosure: On the Edge of Losing Your Home To Foreclosure in Louisville KY? - 11/07/10 12:53 PM
On the Edge of Losing Your Home In Louisville KY? There are options available to a homeowner faced with foreclosure. When you or someone you know is pushed to the edge of foreclosure, it is vital to know that you have options. It is vital to seek the advice a Realtor who specializes in helping homeowners avoid foreclosure. Friends, family and bankruptcy attorneys may mean well, but they may not be experts in all the changing pre-foreclosure options and rules. If you're behind on payments and owe too much on your house you may think think there's no way out. We … (0 comments)

avoid foreclosure: Think a Foreclosure Moratorium Will Save Your Home in Louisville? - 11/07/10 12:21 PM
Bank of America, GMAC and Chase have recently announced a freeze on foreclosures. Soon thereafter they announced they lifted the freeze and will continue the foreclosures.
There is much confusion in the market.
One thing is sure, however, if the borrower is behind on payments, the lender eventually has the right to foreclose.
The reality is that a foreclosure freeze is not the answer to your problem. However, there are steps you can take to avoid foreclosure.
Please click here for a free report on the Five Steps to Avoid Foreclosure
 
… (1 comments)

avoid foreclosure: Make Your Mortgage Less Scary This Halloween With A Short Sale In Louisville - 10/31/10 03:40 AM
You didn't cause this national crisis. You are in survival mode and working to provide for your family.
Stop letting the bank push you around! You didn’t cause this housing crash! You didn’t cause this lousy job market! Enough with this struggle! You’re doing what you can, every month, every week, every day. You are using survival money to pay your mortgage. And what do you get in return from the banks?
Robo-calls from collectors Threatening and confusing notices Letters from lawyers Loan modification offers that are failing nationwide on a massive scale Sheriff at your door If you can’t handle … (0 comments)

avoid foreclosure: In a Pre Foreclosure The Bullitt County KY Sheriff Can NOT Show Up With No Notice And Throw Your Family Out - 10/13/10 06:02 AM
Many families who are behind on payments live in fear that the Oldham County KY Sheriff will come with no notice and throw their family out of the house. They are also afraid of every knock on the door.
I help many families avoid foreclosure by negotiating a short sale with their lender. I speak with distressed sellers every day. I am acutely aware of these fears.
Homeowners Are Afraid They'll Come Home To A Locked Up Vacant House
Numerous times sellers have asked me or told me that they are afraid that they will come home from work and all … (0 comments)

avoid foreclosure: In a Pre Foreclosure The Oldham County KY Sheriff Can NOT Show Up With No Notice And Throw Your Family Out - 10/12/10 02:37 AM
Many families who are behind on payments live in fear that the Oldham County KY Sheriff will come with no notice and throw their family out of the house. They are also afraid of every knock on the door.
I help many families avoid foreclosure by negotiating a short sale with their lender. I speak with distressed sellers every day. I am acutely aware of these fears.
Homeowners Are Afraid They'll Come Home To A Locked Up Vacant House
Numerous times sellers have asked me or told me that they are afraid that they will come home from work and all … (2 comments)

avoid foreclosure: Wordless Wednesday: What A Short Sale IS NOT! - 10/05/10 04:48 PM

This picture was taken outside of a short sale listing. It was the only thing pretty about the short sale. The mortgage was ugly and the tenants destroyed the house. The sellers were nice, though, and had a great attitude.
As always, sellers should put the best short sale real estate agent on their side to turn a negative situation into a positive.
… (2 comments)

avoid foreclosure: With a Short Sale You Can Avoid Foreclosure in Louisville and Get Peace of Mind - 10/02/10 11:07 AM
Imagine the peace and tranquility of getting that mortgage out of your life!
Are you getting mortgage payment collection robo calls from India, Philippines and other bank call-centers? Worried what the mailman is bringing? Worried who may knock on your door? Owe more on the house than the house is worth? Please know you have options. The bank doesn’t want your house.
Your lender recognizes your hardship and has a commonly used program called a "short sale".
A short sale happens when the lender accepts an amount SHORT of what is owed. In most cases the lender forgives any deficiency.
It … (1 comments)

avoid foreclosure: “I’m in Foreclosure and Can’t Afford a Realtor Commission.” What to do? - 09/30/10 06:47 AM
Sellers who are in foreclosure cannot afford afford a Realtor commission. This is a common predicament playing out all over the country and definitely right here in Louisville Kentucky. Homeowners need to sell but don’t have money to pay a real estate agent.
You Can Sell Your House and Your Lender Will Pay The Commission On Your Behalf
Banks let you sell your house for whatever it brings, and your foreclosing lender will pay your Realtor commission so you won’t have to. This happens every day, all day long.
It is called a “short sale” because the lender accepts an amount … (3 comments)

avoid foreclosure: Pre Foreclosure Myth: The Sheriff Can Show Up With No Notice And Throw My Family Out - 09/23/10 12:43 AM
Many families who are behind on payments live in fear that the Sheriff will come with no notice and throw their family out of the house. They are also afraid of every knock on the door.
I help many families avoid foreclosure by negotiating a short sale with their lender. I speak with distressed sellers every day. I am acutely aware of these fears.
Homeowners Are Afraid They'll Come Home To A Locked Up Vacant House
Numerous times sellers have asked me or told me that they are afraid that they will come home from work and all of their possessions … (5 comments)