The Raw Facts on Default, Pre-Foreclosure, Short Sale and Foreclosure

Below is a list of power-packed posts filled with informational facts about being in Default, finding yourself in the pre-foreclosure process and having to do a Short Sale and some helpful tips on how to avoid Foreclosure. By reading this information you will know the timelines, procedures, advantages and disadvantages of each stage.  You will find options that will help this rocky road a little easier to control.

This will help homeowners/sellers that are in trouble and it will also help ready, willing and able buyers whether it be families looking for a new home or investors looking for investment deals.

Stats and information  

1. by Definition.... - Definition of foreclosure terms
2. When being #1 is bad!  Ranking of California cities and counties for the month of November 2007
3. The rankings are in from the top 20 - This was an eye opener on the rankings of cities in foreclosure with California having more in the top for the month of
4. Will aspirins make it go away?.... probably not!  Points encouraging you to face the situation
5. City, County, State.... what are they doing?  Information on San Joaquin County & Stockton resources
6. Meltdown or FREEZE ?  Coverage on the market situation
7. Foreclosure assistance sites - Excellent Foreclosure resource links

Sample Letters to Send to Lender

1. Sample letter: To lender requesting help to avoid foreclosure - Sample letter to send to the lender requesting help to avoid foreclosure, and a suggested budget to catch up
2. Short Sale - Sample hardship letter  -  Sample letter to send to lender explaining how and when your hardship started.
3. Short Sale: Dear Mr. Lender...... Very truly yours,  Sample of letter to lender requesting short sale information and procedures / requirements.
4. Short Sale Worksheet example and suggestions- Sample of a worksheet for a counter offer to lender

Information on the Default process:

1. Initial steps of Short Sale - Default Period
2. Short Sales - Great information on short sale refers to http://www.motheranddaughterrealty.com/
3. Short sale approval is not AUTOMATIC! - Your lender may play hard nose
4. T I M E equals 90  - An explanation of the from Default to Sale Timeline
5. What are the options?  - List of options while in default/pre-foreclosure
6. Master the art of foreclosures  - Great tips on foreclosure
7. Disclose with foreclosure sale, just as regular sales - Disclosure reminder
8. Default to Short Sale - Steps from default to short sale
9. Know your buyer's intentions before accepting the offer...... Some California Laws that must be obeyed when seller is in default and an Investor wants to purchase property
10. Foreclosure "Last Minute" tips: Did you know? - Last option before foreclosure.
11. To Cure a Default - More information on how to get out of foreclosure.

Short Sale Information

1. Short Sale: "The To Do List"  - A good list to follow to get a short sale done
2. Its a Short Sale...Take the steps!  - Step by step from listing before the offer
3. It's a Short Sale... You have an Offer! ....Take the next steps. - Step by step once you get the offer
4. Short Sale - List the Process - Informing the sellers/buyers of the process
5. Short Sale - Important Information for a successful sale - What to put in the MLS listing to protect you!
6. Hardship or not? that is the question.... - About qualifying for a hardship
7. A little more time.....  - A cliff hanger story of what can happen during the foreclosure process
8. BPO Walk thru -- then what??  - A little information on how BPOs work for short sale
9. Disclose with foreclosure sale, just as regular sales   - Tips on regulations for disclosure procedures in a short sale

Other things that can happen:

1. Short Sales - other Liens can cause a problem - Here's a tip. - This may  not seem important until you are in escrow and find out that there are other liens on the property that is in short sale and time is running out.

Other Options:

1. The Simple Way Out?????? is not a good "deed" - Explanation of Deed-in-Lieu of Foreclosure
2. Home Equity Sales  - An introduction to home equity sales - see more on realtor.org
3. Effect Bankruptcy Chpt 13 has on Short Sale?  - Chapter 13 Bankruptcy information during foreclosure

Laws, Relief Plans in Site? Good stuff *** Help is on the way!

1. Good News! Tax Break for Mortgage Debt Forgiveness! A Change that will help!   It passed! Yeah. President Bush signed on Dec 20, 2007.
2. What does California have to say about Foreclosure Consultants and RE Agents  - A few tips on what a real estate agent can and cannot do as far as consulting sellers in foreclosure.
3. Invest without Agent - It's the California Law!  - Investment tips vs. what an agent cannot do to help
4. It Passed .... Now what? More FHA Loans? Bill HR 1852
5. Tax Relief from Short Sale - Will it pass? HR 1876  - News on tax relief bill
6. Anybody got a bandaid? - Regarding the new plans that President Bush introduced to help the foreclosure problems
7. Here come the judge! .....BK judges might get to help the foreclosure problem ! Judges maybe able to make decisions to lease the mortgage payment plans
8. Owners have rights, Tenants have rights too-- all God's children got rights! Explains some of the rights tenants have if you are renting out your home and run into foreclosure problems
9. Short Sale: Relief..... is it just a plan away?
10. Invest without Agent - Its the California Law!  Explain that real estate agents cannot represent an investor in the purchase of a property that is in recorded default.

For free market evaluation of your home visit http://www.motheranddaughterrealty.com/