http://windermereshortsaleblog.com/?p=27 - 11/30/10 01:13 AM

Windermere FL – Most people think the person they mail their    mortgage payment to every month is the owner of their loan. Not so.
In fact, most of the time, they are not the owner. As an example,  80% of all loans that Bank of America handles are not owned by Bank of America.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
The largest owners of US mortgages are two companies that some would allege are owned by Uncle Sam. They are Fannie Mae and Freddie Mac. They own an estimated 55-60% of … (2 comments)

The specific damages a foreclosed homeowner might ask to be compensated for by their lender after a rejected short sale - 11/25/10 03:33 AM

Windermere, FL - I am following up on a question from Arman. His loan was owned by Fannie Mae and the company handling the loan for Fannie Mae was rejecting an excellent short sale offer for no reason.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
When you get in front of a jury and show how this company’s negligence caused Fannie Mae to lose $15,000 (what I project they will lose) and that it hurt him as well, the jury will award damages in a heartbeat.
Here are some of the … (1 comments)

Windermere Short Sales: "Are Homeowners Able To Sue Their Lender For Damages After A Foreclosure?" - 11/23/10 11:20 PM
Windermere FL - I am following up on a question from Arman. His loan was owned by Fannie Mae and the company handling the loan for Fannie Mae was rejecting an excellent short sale offer for no reason.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
Here is a quick recap of what I recommended Arman do. Step #1: Call up IBM and demand a written letter explaining why they are declining the short sale offer.
Step #2: Write down what you project your damages are going to be if the property … (2 comments)

Question From Homeowner: “I Want To Avoid Foreclosure, But My Lender Won’t Let Me?” - 11/22/10 02:54 PM
Windermere FL – The Stop Foreclosure Institute recently received a question from Arman. Here is his question.
I am a Seller trying to avoid foreclosure. My agent has a buyer and his offer is with the lender from last seven months. Now the lender told us that Fannie Mae investor refused the short sale offer and the house is going to foreclosure early next week.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
The lender’s own appraisal shows the house is worth $120K. The offer we have is for $150K. I told the lender … (1 comments)

Question From Homeowner: My Homeowner’s Insurance Won’t Renew My Policy Because My Loan Is In Foreclosure - 11/18/10 08:53 PM
Windermere FL – The Stop Foreclosure Institute recently received a question from Tim. Here is Tim’s Question.
“I have an elderly friend who recently finalized a loan modification through her lender. The mortgage company shows on their website that the mod has been processed and the new terms are in effect.
However, since foreclosure proceedings were begun before the mod was approved, her homeowner’s insurance holder will not renew her coverage policy, since the local Clerk of Courts records show that the loan is in a foreclosure process.
The mortgage company has not sent the Clerk of Courts notice that the … (2 comments)

Question From Homeowner: My Lender Just Sold My Loan. Is That A Good Thing? - 11/17/10 08:41 PM
Windermere FL - The Stop Foreclosure Institute recently received a question from James. “My loan was just sold. I was making payments to CitiFinancial and they sold it to Nationstar. Is that good or bad?” James asked.
Discover how other sellers successfully did a short sale and request a free consultation by clicking here.
Here is the answer. It’s neither good nor bad. In fact, I don’t think your loan was sold.
You see, most loans were packaged up and sold to Fannie Mae, Freddie Mac, or Wall Street.
James’ loan was more than likely packaged up and sold off. I … (1 comments)

Windermere Short Sales: I Thought It Would Work, But It Didn't! - 11/16/10 09:07 PM
Windermere FL - I'm sure you have heard about forensic loan audits. I've heard people say how wonderful they are. "Your lender will approve your short sale right away", claims one. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. An agent told me a story about forensic loan audits. He worked with a woman who was trying to short sales 3 houses. He knew they were short sales and was glad to list them for sale. There was a guy involved who was supposed to be doing all the "negotiating" with the … (0 comments)

Windermere Short Sales: How To Know When The Short Sale Negotiator Is Lying To You? - 11/16/10 08:53 PM
Windermere FL - Negotiating short sales is tough. In my opinion, some of the banks are not making good financial decisions. "We won't approve the file without the financials completely filled out," they say. Or, they tell you the numbers won't work when the investor guidelines actually say to approve the short sale. If the agent doesn't know who owns the loan (or their short sale guidelines), then the bank negotiators can lie to them. They don't know any better. Let me give you an example. Discover how other sellers successfully did a short sale and request a free consultation by … (0 comments)

Bank Owned Home for Sale in Orlando at a Great Price! - 11/15/10 10:27 PM
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Bank Owned Home for Sale in Deltona. Move-in Condition. - 11/15/10 09:42 PM
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Home for Sale on a 3.3 acre lot located in Deland Country Club. - 11/15/10 08:54 PM
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Great condo at a great price! - 11/15/10 08:36 PM
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Bank Owned Home in Orlando - 11/14/10 11:21 PM
 

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Home for Sale in Lake Mary. Move-in Condition. - 11/14/10 11:02 PM
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Short Sale Home in Orlando. Move-in Condition. - 11/14/10 10:23 PM
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Short Sale Home in Oviedo. Move-in Condition. Great Price! - 11/14/10 10:00 PM
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3br - Short Sale Townhome in Sanford. Move-in Condition. - 11/14/10 09:43 PM
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Short Sale in Orlando, FL - 11/14/10 09:18 PM
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What to do when they won't allow you to "escalate" the short sale file? - 11/12/10 08:26 PM
Orlando FL – Yesterday I gave you a good example of why you should “escalate” a short sale file. The Stop Foreclosure Institute took a short sale that wasn’t going to be approved, pushed for an approval, and received it.
As a result a homeowner avoided foreclosure, a buyer was able to buy the home they wanted, the bank reduced their losses, and we made a little money.
There are a few problems you may run into when you attempt to escalate a file. Sometimes the negotiator won’t give you their supervisor’s info. They won’t order a new appraisal or help … (2 comments)

Luxury Real Estate And Luxury Home Sales In Maitland, FL - 11/11/10 11:04 PM
By definition luxury real estate in the greater Maitland area is any home above the $500,000 price range, this is based on guidelines from the Institute of Luxury Home Marketing where I am a member of and also hold the Guild designation. Click here for the Gitta's Institute Website. Luxury real estate in Maitland includes such luxury subdivisions as:
 
• Adams Grove
• Baldwins Grove
• Cove Colony
• Delroy Park
• Dommerich Estates
• Florida Haven
• Hollieanna Shores
• Kings Row
• Lake Colony Estates
• Lake Maitland Manor
• Lake Sybelia Cove
• Maddon Cove
• Maitland … (0 comments)

Luxury Real Estate and Luxury Home Sales In Windermere, FL - 11/11/10 10:48 PM
By definition luxury real estate in the greater Orlando area is any home above the $500,000 price range, this is based on guidelines from the Institute of Luxury Home Marketing where I am a member of and also hold the Guild designation. Click here for the Gitta's Institute Website. Luxury real estate in Windermere includes such luxury subdivisions as:
 
• Alador on Lake Butler
• Balmoral
• Bellaria
• Butler Bay
• Casa Del Lago
• Chaine Du Lac
• Crescent Lake Estates
• Davis Shores
• Down Acres Estates
• Down Point
• Estates at Lake Clarice
• Gardens … (0 comments)

Orlando Short Sales: Who Benefits From A Short Sale? - 11/10/10 08:14 PM
Orlando FL – First, it benefits the owner of the loan. This is because they get to sell the house at today’s price, versus what it will be worth 6-12 months down the road. I just did a comparison and pulled up sold listings.
All of the listings were the similar properties in similar neighborhoods. First, I looked up the average selling price per SQFT of homes that sold in Spring. They sold for an average of $103 a SQFT.
Then, I pulled up homes in the same neighborhoods that sold as REOs in the last 2 months. They are sold … (0 comments)

Orlando Short Sales: Another Thing That Is Dragging On The Economy - 11/10/10 08:02 PM
Orlando FL – The Stop Foreclosure Institute received another testimonial from a seller. She said a lot of stuff and it refreshed my memory. The average person just doesn’t realize how “going broke” makes people feel like trash. People start doubting themselves. They keep on kicking themselves down mentally. 
“Why did I buy that house?” “Why didn’t I work harder at my job, so I wouldn’t get laid off?” Why did I get laid off, and not Joe?”, they say to themselves. “I am such a loser and I can’t find a decent job anymore!”
They start thinking all of this … (0 comments)

Orlando Short Sales: A Common Myth About Banks and Short Sales - 11/08/10 11:43 PM
Orlando FL - I've heard the following myth from a lot of people. Here's what they tell me. "The banks can't afford to approve loan modifications because they don't want to take the losses on their books that fast. Also, their investors may not approve the short sale, because they can't afford to write off too much loss at once. And the circle goes around and around", they say. This common myth isn't true. Here is why. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. The odds are that your loan is … (0 comments)

Foreclosure Prevention Question: My House Is In Foreclosure, When Will I Have To Move Out? - 11/07/10 09:38 PM
Orlando FL - The Stop Foreclosure Institute recently received a question from a homeowner facing foreclosure. I'll call him Dave to protect his identity.
(Foreclosure is embarrassing and I don't want to put his name out there.) Dave asked, "I haven't made a house payment in a while. I'm just wondering how much longer it will be before I have to move out?"
Discover how other sellers successfully did a short sale and request a free consultation by clicking here.
Here is the answer to Peter's Question. It all depends on what his plans are and how tight he is … (1 comments)

Sanford Luxury Home for Sale. Call 1-866-831-8621 Extn: 28415 for more information. - 11/02/10 09:52 PM
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Primary Residence (Home) for Sale in Deltona, FL - 11/01/10 11:21 PM
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Bank Owned Home for Sale in Kissimmee. - 11/01/10 10:43 PM
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Bank-Owned Home in Casselberry, FL. Move-In Condition - 11/01/10 10:20 PM
This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down! This property is approved for HomePath Mortgage Financing. This property is approved for HomePath Renovation Mortgage Financing.Great property in a great location at a fantastic value. Large family room with brick wood-burning fireplace. Enclosed eat-in kitchen with separate eating area. Nice eat-in kitchen with out door snack bar. Brand new carpet and paint throughout , large covered patio overlooks large in-ground pool. Spacious backyard. Close to red-bug sport complex. **Buyer to verify all home square feet, lot sizes & HOA. If exact square footage is … (0 comments)

Previous builder model!! Move-in-condition. - 11/01/10 09:23 PM
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Luxury Home for Sale in Sanford. - 11/01/10 09:03 PM
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Lake Nona Luxury Real Estate Sales for September 2010 and What’s My Home Worth? - 11/01/10 07:56 PM
Lake Nona luxury real estate, is it selling? Lake Nona without a doubt is a sensational development and will satisfy anyone’s luxury housing taste and it features some of the most opulent homes in the Orlando area. Also it has a fantastic location close to the Orlando International Airport and to the new Medical City being built close by. Currently, according to the MLS, there are 37 luxury homes for sale in Lake Nona from the low $749,000 to the high $4,600,000, the median price is $1,895,000 and not one of these homes is in pending status. So far this year … (0 comments)

Thinking About A Short Sale, But Can't Pay Your Homeowners' Association Dues? - 11/01/10 07:42 PM
Orlando FL - Many people don't think they are eligible for a short sale because they have unpaid homeowners' association dues. Don't worry about paying them yourself. When you short sale your home the association dues will be paid by your lender. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. A homeowners' association is a very small percentage of the overall short sale value. Lenders know that a short sale will net them substantially more money than a foreclosure. I had an example in the post below. I showed a house that … (2 comments)

Bank Owned Home for Sale in Osteen. Move-in-condition on 1 acre. - 11/01/10 01:00 AM
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Home for Sale in Longwood. Move-in Condition. - 11/01/10 12:57 AM
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Bank Owned House for Sale in Lake Mary, FL. Move-in Condition. - 11/01/10 12:54 AM
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Bank Owned 1/2 Duplex in Orlando, FL. Move-in Condition. - 11/01/10 12:41 AM
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Bank Owned Home in Altamonte Springs. Move-in Condition. - 11/01/10 12:33 AM
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Primary Residence (Home) in Deltona, FL - 11/01/10 12:24 AM
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Short Sale, Great Home. Move-in Condition. - 11/01/10 12:16 AM
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Apopka Primary Home for Sale. - 11/01/10 12:12 AM
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Foreclosed Home For Sale in Orlando. Move-In Condition. - 11/01/10 12:08 AM
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Orlando Bank Owned House For Sale. - 11/01/10 12:01 AM
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Gitta Rainmaker_large

Gitta Urbainczyk

Orlando, FL

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Gitta Sells & Associates at Keller Williams Heritage Realty

Address: 100 Waymont Ct. #110, Lake Mary, FL, 32746

Office Phone: (407) 330-2181

Cell Phone: (321) 303-3349

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