Eastlake CA – The Stop Foreclosure Institute recently received a question from Sammy. Here was his question. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. "I like your blog post about how to get out of paying a deficiency. However, how long will it be on your credit report before your life goes back to normal?
I would like to resolve the deficiency but the attorney/collector doesn't seem willing to budge from the full amount. I've even had an attorney friend of mine contact them and try to negotiate something and they still wouldn't budge. Sammy.”
Here is the answer to his question. If you are dealing with a lawyer that is directly representing the lender, then you will have a tough time. They have to negotiate hard to justify being paid $150 an hour. Be happy you have a short sale on your credit. That usually affects you for 2-3 years. A foreclosure will usually affect your credit for 5-7 years. If your goal is to improve your credit, then you can often get the negative reports removed by disputing them. We have put together entire blog posts about how to fix your credit.
Scroll down this blog to read them. You have a good chance of disputing off any negative items on your credit report. Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at henry@houseinsandiego.com.
I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 619-517-6791 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Eastlake loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. Thanks for reading this, Henry Pailles.
Henry is a Real Estate Broker at houseinsandiego Realty. Eastlake Short Sales Realtor: Phone: 619-517-6791. henry@houseinsandiego.com. Are you at risk of losing your home? ...We can help! View My homes for sale at www.houseinsandiego.com.
Henry Pailles specializes in loan modification assistance and short sales in Eastlake California. Eastlake Loan Modification Help, Eastlake Short Sales. Eastlake Short Sale Realtor. Chula Vista CA Loan Modification Help, Chula Vista CA Short Sales. Chula Vista CA Short Sale Realtor. Eastlake CA Short Sales. Eastlake Realtor. Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.
Important Notice Henry Pailles, houseinsandiego Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit. However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan.
No matter what you or we do, your lender may not approve a loan modification. We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home.
Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision. This is not intended as legal, technical, or tax advice.
Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. You have the option to reject a short sale or loan modification from your lender if it does not meet your approval.
If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Henry's personal views and do not reflect the views of houseinsandiego Realty. This information on How Long Does It Take For My Credit To Go Back To Normal After A Eastlake Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.
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