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valley springs short sales: Another tip to improve the odds of your short sale offer being approved - 01/31/11 03:26 PM
Valley Springs CA – If you are selling your home, then ask the buyer to write a letter about why they want to purchase the home. If you are a buyer, then write that letter. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. The listing agent will submit that letter along with the short sale paperwork. With a little luck that letter will help “grease the wheels” and cause the short sale to be approved faster. Short Sale negotiators are human beings. They have emotions that can be touched by a good story. These … (0 comments)
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valley springs short sales: Valley Springs What does letting a house go into foreclosure do to the neighborhood? - 12/17/10 12:24 PM
Valley Springs CA – The Stop Foreclosure Institute recently received a question from Werner. “I am behind on my payments and thinking of just letting my home go into foreclosure. What does that do to the neighborhood?” he asked. Here is our answer to his question. It does hurt the neighborhood. But, it also hurts you. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Most banks do not do a good job and processing and handling foreclosures. They take 12-18 months to foreclosure on a house and then sell it. In the meantime they … (1 comments)
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valley springs short sales: Valley Springs Short Sales: Getting divorced, neither can afford, what to do? - 12/10/10 12:52 PM
Valley Springs CA - 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)
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valley springs short sales: Valley Springs CA Short Sales: Are homeowners able to sue their lender for damages after a foreclosure? - 11/23/10 03:33 PM
Valley Springs CA - 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 is … (0 comments)
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valley springs short sales: Question from homeowner in the Gold Country: My lender just sold my loan. Is that a good thing? - 11/17/10 08:58 PM
Valley Springs CA - 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’s loan was more than likely packaged up and sold off. … (0 comments)
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valley springs short sales: Valley Springs Short Sales: How to know when the short sale negotiator is lying to you - 11/16/10 02:33 AM
Valley Springs CA - 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 … (0 comments)
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valley springs short sales: Valley Springs Who benefits from a short sale? Seller---Buyer or Bank!!! - 11/10/10 11:53 AM
Valley Springs CA - 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 … (0 comments)
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valley springs short sales: Valley Springs Short Sales: A Common Myth About Banks and Short Sales - 11/08/10 12:26 PM
Valley Springs CA - 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 … (0 comments)
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valley springs short sales: Foreclosure Prevention Question: My house is in foreclosure? When will I have to move out? - 11/05/10 06:19 PM
Valley Springs CA - 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 … (0 comments)
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valley springs short sales: Valley Springs Short Sales: How Short Sales help the economy - 10/29/10 09:32 PM
Valley Springs CA - Yesterday's post talked about how banks lose money when they turn down short sale offers. A recent study by Boston Consulting Group showed that a lender will net 20% more money on a short sale versus a foreclosure.
Discover how other sellers successfully did a short sale and request a free consultation by clicking here.
The reason is because short sales usually sell for more money than a foreclosure. A short sale is usually in good shape, while a foreclosure is usually in disrepair.
Most economic experts say housing is the biggest drag in today's economy. Every single … (2 comments)
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Daniel Seider
Arnold,
CA
More about me…
Big Trees Real Estate
Address: 3365 Highway 4, Arnold, CA, 95223
Office Phone: (209) 795-4712
Cell Phone: (209) 743-1061
Email Me
The Ebbetts pass area which includes Arnold, Bear Valley, Murphy's, Angels Camp and Copperopolis. This Area offers so much to those who either live here or visit. My blog hopefully gives a glimpse at the area and what it has to offer those who choose to visit or call this their home.
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