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short sale: Nine Options When Facing Foreclosure - 11/08/09 01:44 AM
You may be facing foreclosure… so what are your options?!? Try to look at the situation more from a financial standpoint rather than an emotional standpoint. This way you can more successfully analyze which option might best suit your needs and desires to move you towards resolving your financial difficulty. One very important thing to remember: Time is of the essence. Take time to think through your situation and make a decision. Then, take action right away so you have enough time to complete the solution you choose.
Nine options when facing Foreclosure
1. Do Nothing – If a homeowner does nothing, … (5 comments)
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short sale: What is a Short Sale? - FAQ's - 10/26/09 12:35 AM
**This is part of a short sale packet that was given to me by my short sale trainers when I was getting trained on how to help others to successfully complete a short sale. I was told that I was free to use this to provide to my short sale clients**
What is a Short Sale?
WHAT IS A SHORT SALE? A “Short Sale” or “negotiated settlement” or “short pay” occurs when a Lender agrees to accept less than the amount owed to payoff a loan as an alternative to foreclosure. If the property is worth less than the … (1 comments)
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short sale: Tax Consequences of a Short Sale: Dealing with a 1099C - 10/18/09 05:26 PM
I copied this from a colleague's website Matthew Smith @ http://www.shortsaledesmoines.com/?p=171
Matthew presented this so simply & clearly that I wanted to share it for your benefit.
Matthew Smith is a top notch short sale specialist in the Des Moines, IA market.
If you are in his market & need help or have any questions please contact him as he comes highly recommended.
Kenny
If you are a homeowner going through a foreclosure of Short Sale, it is important that you become well versed on 1099C’s. This will prevent 2 things:
1.) A Coronary on or before February 2, 2010 … (2 comments)
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short sale: Short Sales - Time to Take Control - 10/17/09 04:03 PM
Short Sales - Time to Take Control I mentioned previously (http://www.foreclosuretruth.com/blog/sean/are-foreclosure-sales-simply-h...) that as a society we don’t have the political will to foreclose on every mortgage in default. As a result, we see government interventions including foreclosure moratoriums, troubled asset relief, and new loan modification programs. However, these are at best stop gap measures — each failing to adequately reduce principal balances to address the core problem of negative equity.
It’s time to stop waiting for a government bailout or for the bank to come take the house. Homeowners in default don’t have to choose between the lesser evil of … (1 comments)
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short sale: Short Sale Rules Streamlined - 06/10/09 12:16 PM
I found this fascinating quote today:
Good news from Washington, D.C., today. The Obama administration announced new details under its Foreclosure Alternatives Program (FAP) enabling servicers and borrowers to pursue short sales and deeds-in-lieu (DIL) of foreclosure in cases where the borrower is generally eligible for a Making Home Affordable modification but does not qualify or is unable to successfully complete the three month trial period. The program, effective through 2012, requires that prior to proceeding with a foreclosure, servicers must determine if a short sale is appropriate.Short Sale Rules Streamlined, Jun 2009
You should read the whole article.
… (0 comments)
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short sale: What's In It For You-A Realtor? - IF...You Work with Me A Short Sale Investor - 05/03/09 06:59 PM
Hi All ~
Kenny here…
I am looking for 2-3 key Realtor partners in the following states – NV, WA & CA. With that said, I have written this to give you an overview of what I do and how I work with Realtor partners and most importantly…What’s In It For You by working with me & The Foreclosure Mitigation Company. What I do, in a nutshell, is I buy pre-foreclosures, foreclosures & short sales with the sole intention of reselling the home immediately to an end buyer for profit. I negotiate the short sale for a successful closing. I only make money … (4 comments)
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short sale: Short Sale Solutions to the Top 5 RE Agent Obstacles to Short Sale Success - 03/28/09 09:59 AM
Top 5 RE Agent Obstacles to Short Sale Success
Commissions are discounted by lenders Lenders don't want the package unless they have an offer Execution & Accurate Valuation of the Interior BPO Have a buyer but the short sale process takes too long so they buyer walks Wasted time negotiating with the lenders when they should be promoting their properties and/or themselves. This is How I (an Investor) Help RE Agents:
#1 Problem = Commissions are discounted by Lender
#1 Solutions
Investor can guarantee a full commission on every deal that closes Agent markets the property to find the end buyer Listing … (0 comments)
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short sale: Why Short Sale Your House......So You Can Have A Fresh Start? This is HOW I CAN HELP: - 03/15/09 03:25 PM
So let me explain how I might be able to help. Our business primarily consists of the acquisition, redevelopment and rebirth of homes throughout NV, CA & WA. We purchase multiple homes per month, and all of our work is in the pre-foreclosure market.
Whoever your lender(s) are, I can assure you that we are most likely an approved investor with them and have previously worked with them to facilitate a successful short sale transaction helping the bank avoid having to own another house - an REO (Real Estate Owned or Bank Owned) property...which is the last thing they want. This does not … (0 comments)
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short sale: FREE REPORT: "How You Can Stop Foreclosure" - 03/08/09 05:53 PM
Here's Your Free Report...
How You Can Stop Your Foreclosure!
Dear Homeowner,
My name is Kenny Wagner. I am a real estate specialist and I can share with you the
secrets to saving your home from foreclosure. I have shown homeowners how to not only stop
foreclosure... but also how to save thousands of dollars by avoiding the biggest mistakes so many
others make! Many people in situations just like yours are hesitant to do anything because they
are having a hard time finding out who and what to believe! Homeowners seek solutions they so
desperately need...but they … (0 comments)
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short sale: What is a Short Sale? Is there a difference if you're in Seattle, Las Vegas, Los Angeles or San Diego, California? - 02/12/09 12:19 AM
Whether you are looking at a Seattle Short Sale, Bellevue Short Sale, Las Vegas Short Sale, San Diego Short Sale or Los Angeles Short Sale...a short sale is a short sale is a short sale.
A Short Sale is when a lender accepts less than what the balance of a loan is. This is usually done to avoid having to foreclose on a home and incur further losses. A short sale is only completed and approved when it benefits the lender financially. They have come to the conclusion through their own due diligence that they would get most of their money … (0 comments)
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Kenny Wagner
Las Vegas,
NV
More about me…
Address: 260 E. Flamingo Rd., Las Vegas, NV, 89169
Office Phone: (702) 483-0890
Cell Phone: (702) 483-0890
Email Me
What's In It For You - A Realtor?? - IF...You Work with A Short Sale Investor
Homeowners
Know Your Options, Learn How To & Action Steps You Can Take When You're Behind in Payments - Are In Foreclosure - And Can't Sell Your Home Because You Owe More Than It's Worth
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