overland park foreclosure: Overland Park Short Sale Q & A: The Second Mortgage Wants More Than The First Mortgage Will Give Them
- 09/14/11 05:24 PM
Overland Park KS – The Stop Foreclosure Institute recently received a question from Aggie. Here was Aggie’s Question. “We received a short sale approval on the 1st. They will only pay the second mortgage $3,000. The problem is that the second mortgage wants $5,500. We are arguing back and forth with the second mortgage. The negotiator there said management decided they won't take less. I told her the final decision should come from the investors not from management. Any help greatly appreciated. Aggie. ” Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here is … (0 comments)
overland park foreclosure: Capitalize On Low Interest Rates In Overlooked Places
- 09/14/11 05:09 PM
It's no secret. Rates are low right now. And, it's not just mortgage rates, either -- all types of rates are scraping rock-bottom. Borrowing rates, lending rates and savings rates are at or near their all-time lowest levels. As a homeowner in Leawood , one way to take capitalize on today's low rates is to apply to refinance your home. But there are other ways to take advantage, too. In this 5-minute piece from NBC's The Today Show, you'll learn of a half-dozen ways to exploit the current rate environment, including: Refinance a car loan from a high rate to a … (0 comments)
Home builder confidence is holding firm this month, according to the National Association of Home Builders. The group’s monthly Housing Market Index surveyposted 16 for December. That’s the same value as from November. It’s also equal to this 2010′s average HMI reading. HMI is scored on a scale of 1-100, and is a composite of 3 separate home builder surveys measuring single-family sales; projected single-family sales over the next six months; and prospective buyer foot traffic. The results of the 3 surveys were as follows: Single-Family Sales … (2 comments)
Overland Park KS – We get this question a lot from people. “I am upside down and need to move. I would like to buy another home. Can I do that?” they ask us. Today they can. FHA (the Federal Housing Administration) has a new program that enables you to short sale your existing home and buy a new home at today’s reduced prices. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. The home you purchase would have to meet FHA’s standard lending … (1 comments)
overland park foreclosure: Overland Park Short Sales: Saint or Sinner?
- 12/14/10 02:42 PM
Typical Abandoned Real Estate Overland Park KS– The New York Time had an interesting article about one man’s mission in the fight to stop foreclosure. According to the article, Mark Guerette, attempted to make use of all the empty, abandoned houses he saw. I get frustrated when I see homes sitting empty for months and months. “Those homes should be put to good use!” I thought to myself. It bugged me that homes would sit empty for months and even years at a time. The lawn would become overgrown. A window might leak. Or, vandals would break the windows. Rain … (0 comments)
overland park foreclosure: My Realtor hasn't talked to me about a Short Sale & I'm not even getting a showing. I think I might be upside down. What do I do?
- 12/14/10 02:32 PM
Overland Park KS - The Stop Foreclosure Institute recently received a question from Jennifer. She is having a hard time selling her home. “I have had my house for sale for a little while, but it hasn’t sold. No buyers have come to look at it. At first I thought the price was fair. But, now that no one has come to see the home, I am beginning to realize that I am upside down. My realtor hasn’t talked to me about a short sale. What should I do?” Jennifer asked. Discover how other sellers successfully did a short … (0 comments)
overland park foreclosure: Overland Park Short Sales: Getting divorced, neither can afford, what to do?
- 12/10/10 09:03 AM
Overland Park KS - In this case I would recommend you sell the house. Now, if you are reading this blog, then you must be researching a short sale. Which means that you are probably upside down on the home. You have three options. Option #1: Let your lender foreclose on the home. You just stop making the payments and surrender the home to your lender. Option #2: Short Sale the house and get the debt wiped out. A short sale offers the following benefits over a foreclosure. Issue: Can I get a Future Fannie Mae Loan? Foreclosure: The current Fannie … (0 comments)
Overland Park KS - Maybe this is a pet peeve of mine. Or maybe it just seems ridiculous that someone would call a debtor over and over again asking to be paid, when they have already been told the debtor doesn't have the money to pay them. Or maybe it is the fact that I see countless examples of debt collectors breaking the Fair Debt Collection Practices Act. But, no one seems to care that they are breaking the law. The Fair Debt Collection Practices Act forbids collectors from threatening to sue you, but then not following thru and … (0 comments)
overland park foreclosure: Overland Park Short Sales: The Banker's Bill of Rights
- 12/08/10 08:36 AM
Overland Park KS - If homeowner's have a bill of rights, then bankers must have one as well. We decided to put together the Banker's Bill of Rights. That way they wouldn't feel left out. Let me know if we should put this together and petition congress to add it to the constitution.
The Banker's Bill of Rights. 1. All Bankers have the Right to make any mistake they want and still get bailed out by the American Taxpayer. They can fiddle around with complex derivatives with no risk to themselves or the bank they run. When they … (0 comments)
overland park foreclosure: Question from Homeowner: Why would I do a Short Sale instead of saving the monthly payments & letting it go?
- 12/04/10 04:05 AM
Overland Park KS - The Stop Foreclosure Institute recently received a question from Christy. “Why would I do a short sale instead of saving the monthly payments and letting it go into foreclosure?” Christy asked. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Here is the answer. If you stop paying your mortgage, then you can live in your home rent free for 12-24 months, depending on the state you are located within. I have seen lenders wait a year after the first missed payment just to file for foreclosure. Yes, … (3 comments)
overland park foreclosure: Loan servicer demands a bribe from home buyer, or they won’t approve buyer's short sale offer.
- 11/30/10 07:54 AM
Overland Park KS - We had a short sale recently with a certain loan servicing company. The funny thing was that this loan servicer was hired by the owner of the loan to work on behalf of them. In other words, the loan servicer was to look out for the loan owner's best interest. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Processing and approving a short sale will usually avoid future losses on a mortgage. Boston Consulting Group recently did a study on the difference between a short sale and foreclosure. They found … (0 comments)
Overland Park KS – The Stop Foreclosure Institute recently received a question from Aggie. Here was Aggie’s Question.
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