Short Sales: Forensic Audits Exposed - 01/09/12 04:13 PM
IL – If you are thinking of short selling your house, then you have probably about forensic loan audits. Some claim they are wonderful. "Your lender will approve your short sale right away", one so called expert claimed. "Your lender is more likely to give you a loan modification after you discover they broke the law. And most loans were illegal during the crazy lending period we experienced recently", claims another. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Even more insane is the guy who claims, "Lenders will jump over themselves to approve … (0 comments)
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Trying To Short Sale Your Home, But Worried The Lender Might Foreclose On It First? Try This. - 01/09/12 04:13 PM
IL – Short sales can drag out. It takes 1-2 months to sell the house. Then, the short sale negotiations start. They can drag out for 3-6 months. In the meantime, if you aren’t paying on the mortgage, then the lender will be trying to foreclose on the house. Here is a tactic you can use to delay the foreclosure process and even stop a foreclosure sale. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here is a story from Alberto where he explains what to do. "Here is what I had to do. … (0 comments)
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Short Sales: Does escalating the file even work? - 01/09/12 04:12 PM
IL – The Stop Foreclosure Institute recently received a question from Katie. Here was her question. I am an agent and I am helping someone short sell their house. X Lender (to remain unnamed) claims that they have sent a short sale package to the seller a couple of times. But, they haven’t because my customer has never received anything. What can I do? They won’t start the short sale process until they receive the filled out package back from the seller. Katie.” Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here was our … (1 comments)
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Short Sale Question: Can I Short Sale If My House Is Already In Foreclosure? - 01/09/12 04:12 PM
IL – The Stop Foreclosure Institute recently received a question from Dave. Here was his question. “I would like to short sale my house. However, the foreclosure has already started. I don’t know how soon the bank is going to come and kick me out. Can I still short sale? Or, is it to late? Dave.” Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here is the answer to his Question. Dave, yes you can still short sale your house. It does depend on how far along you are in the foreclosure process. You … (0 comments)
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Short Sales: Should I renew my insurance when I am short selling my house? - 01/09/12 04:11 PM
IL – The Stop Foreclosure Institute recently received a question from Chuck. Here was his question. “I'm trying to short sale. I received a note from my Insurance agent that my Homeowners insurance will be cancelling as of this month because the insurance company went under. My insurance agent told me that he can place me with the State run insurance agency for $1,900.00, but I will have to pay the money by the end of the month. I do have $924 in my lender’s escrow account. What do you think I should do? Chuck.” Click here to discover how other … (5 comments)
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Short Sales: What makes a good short sale realtor? - 01/09/12 04:11 PM
IL – A good short sale realtor will mean the difference between success and failure on your short sale. Here are the qualities that make a good, effective short sale realtor. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Persistence. Short sales are frustrating. Many times you will feel like giving up. Many times you will feel like you have finished the task. The short sale will be approved. Then, the lender tells you that they need a certain document signed by all parties. They won’t approve the short sale until they have that … (0 comments)
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Does My Short Sale Have To Be Approved Before I Put It Up For Sale? - 01/09/12 04:10 PM
IL – We often get asked if a short sale is even worth the effort. “Do I need to have my short sale “Approved” by my lender before I put my home on the market?” one seller asked us. “When I called my lender they wouldn’t talk to me about my short sale. I am concerned that they might do that when I finally sell the property and I’ll never get the short sale approved.” Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Here was our answer. Most lenders will not talk to you … (0 comments)
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One Key To Getting A Short Sales Approved - 01/09/12 09:23 AM
IL – Working to convince a bank to approve a short sale is what I do every day. I work with lenders on a daily basis. I understand the importance of starting the process in a way that is likely to succeed with the lender’s loss mitigation department. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. I am always prepared and I maintain a high level of professionalism during the whole process because I understand how critical it is to get a short sale approved. The Lender wants a great file. I understand that … (3 comments)
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Short Sales: Do Not Pay Any Upfront Fees To Anyone - 01/09/12 09:21 AM
IL – Most state governments have determined that the practice of offering consulting services to those with delinquent mortgages presents an opportunity for abuse. You don’t need to pay any consulting fees to get the help that you need to resolve your unpaid loan. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. You have a chance to work with your mortgage company to determine what options may be available to resolve your unpaid mortgage. If the problem that led to this is temporary, you may explore the option of a Forbearance or loan modification … (0 comments)
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How To Convince A Lender To Approve A Short Sale - 01/09/12 09:19 AM
IL – Patience, persistence, and a lot of experience is required to convince a lender to approve a short sale. It is a process with many steps. Do “NOT” allow a buyer to work directly with your lender! Don’t let the buyer speak for you. You will be required to provide so much financial information and documentation to your lender. This is not something to let your buyer discuss with your mortgage holder. If you do, you will have no control over what the buyer tells your mortgage holder. Click here to discover how other sellers successfully did a short sale … (0 comments)
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Short Sales: Mistakes To Avoid When Facing Foreclosure - 01/09/12 09:17 AM
IL – Mistake #1: Deeding your property to a third party without confirming that your debt has been paid off. Deeding your house to someone else is one way to avoid foreclosure. However, there are some things you need to do before you make a decision to deed your house to someone else in order to stop foreclosure on your home. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. You will need to consult with an independent attorney, not the buyer’s attorney. Deeding your property will render you powerless. The new owner will always … (0 comments)
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