lender: The Benefits of Working with The Dave Halpern Real Estate Group - 08/22/13 03:00 PM
Check out our new website Dave Halpern Real Estate Group in Louisville
About Dave Halpern:
Most importantly, I care about helping you avoid foreclosure. Track Record! I successfully close dozens of short sale listings each year Enthusiastically satisfied clients – I have many testimonials Capable Trained Experienced Organized Systemized Has full team of four that negotiates and processes short sales Again, most importantly, everyone in our organization cares about helping clients avoid foreclosure. Our goal is to help you get the house debt out of your life and have your lender forgive any deficiency, in writing! We have helped many sellers … (0 comments)

lender: Emotions During a Foreclosure –Fear, Depression, Anger, Embarrassment - 06/05/11 02:50 AM
All this within the strict timeline of a looming foreclosure. Not enough time to become a legal expert or a real estate expert. Who do you ask? Who do you trust?
I am here to tell you that you have options. Good options.
Did you know that lenders accept short sales? In a short sale, the lender lets the house sell for amount SHORT of what you owe. Hence the term SHORT sale.
In an ideal short sale the lender will forgive the shortfall and you will never have to pay it back. That debt forgiveness is issued in writing. You … (11 comments)

lender: Mortgage Hope is Important But Facts Should Not Be Ignored - 06/04/11 06:09 AM
If your mortgage payments are unsustainable YOU NEED TO GET RID OF YOUR HOUSE.
Hanging on too long to a lost cause will just clean you out financially and emotionally.
I know this sounds harsh, but I can't even count how many times sellers told me they wish they had met me years earlier. They wish they would not have hung on so long. These are compassionate words, coming from others who walked in your shoes before you.
I help dozens of families each year avoid foreclosure by negotiating a short sale with their lender. The lender lets the house sell … (2 comments)

lender: Can't Handle The Mortgage Payments Anymore? Stop The Insanity With A Short Sale - 05/30/11 03:07 AM
Are you having difficulty paying your mortgage payment?
Do you need to get rid of this house but you owe more than it is worth?
Do you feel that if you got rid of the high mortgage payment you could handle your other obligations?
Are you falling behind on bills just so you can make the mortgage payment?
Are you unable to pay your medical bills just so you can pay your mortgage?
Are you afraid you will lose the house to foreclosure and the bank will garnish your wages?
Are you borrowing money to keep your mortgage payment current?
Are … (5 comments)

lender: Divorce With One Spouse NOT on the Loan - How Does Short Sale Or Foreclosure Impact Credit? - 05/21/11 04:18 AM
Many times one of the divorcing spouses is NOT obligated or liable for the loan and therefore their credit may not be impacted. I'm referencing obligation to the lender, not obligation under the divorce agreement. Sometimes one of the spouses did not have had good enough credit while the other spouse had strong enough income and credit to qualify for the loan by himself or herself. Other cases could include a house and mortgage that was already in a spouse's name prior to the marriage. This is vital to know in a short sale situation.
How does a foreclosure or short … (2 comments)

lender: Do It Yourself Divorce and Uncontested Divorce – But what about the upside down house debt? - 05/19/11 12:25 AM
Divorced or divorcing spouses often call me to help them sell their house. Sometimes they say they have a very simple divorce. No kids, no complicated assets to divide up. Just a mutually agreed upon decision to part ways.
“There is that house we need to sell. But, there’s no equity to split, so it’s not a problem. We owe more than it’s worth.”
I’ll ask, “What does your divorce attorney say about that?”
“We’re not wasting money on lawyers. We went to the court house and got a do-it-yourself divorce packet, filled it out ourselves and filed,” comes the reply. … (3 comments)

lender: Short Sale When Only One Spouse Is On The Loan - 05/11/11 12:46 AM
Sometimes loans were made with only one spouse on the loan. What happens to the non-borrower spouse when a house goes into foreclosure or sells at a short sale?
If someone is not on the loan a short sale should not impact their credit or ability to obtain future loans. This should be verified with an attorney and a mortgage broker.
First of all, how did it happen that only one spouse is on the loan? Possibilities include;
One spouse had better credit than the other and enough income to qualify for the loan. One spouse already owned the house and … (1 comments)

lender: Divorce - Mortgage Payments Too High and Owe Too Much to Sell. What To Do? - 05/08/11 02:03 AM
How about getting rid of the mortgage debt altogether via a short sale? Let’s explore.
Dividing the excess home equity in a divorce used to be a primary point of contention. Today it seems that dividing the debt is a primary issue.
Millions of homes nationwide have “underwater mortgages” meaning more owed than the house is worth. Leaving that debt in place is fraught with peril.
What if I deed my house to the other spouse?
Remember, no matter what the divorce agreement says, the parties who originally signed their obligation on the existing mortgage debt remain personally liable to repay … (2 comments)

lender: I Want to Get a Divorce But I Cannot Because I Can’t Sell My House! - 05/06/11 01:15 AM
Here is what I often hear:
I can't stand my spouse and want to get a divorce. The only thing holding me back is that we have a house worth less than the mortgage and neither one of us can afford mortgage payments by ourselves. Therefore, we would have to sell before getting a divorce. Please, any suggestion will be helpful. I need to get out of this marriage ASAP.
 The answer could very well be a short sale
A short sale can get the house liquidated even if you owe more than the home is worth. In effect, your lender … (9 comments)

lender: Imagine yourself without crushing mortgage debt - A short sale in Louisville can get you there - 04/24/11 09:28 PM
You bought a house some years ago. Paid market value, just like everyone else.
Life happened; Job transfer, job loss, illness, divorce.
You tried to sell your house but couldn’t because values collapsed, no fault of your own.
You now owe tens of thousands of dollars more than the house is worth.
What to do? Consider a short sale, it is common nationwide and in Louisville.
What is a short sale?
A short sale occurs when a house sells for an amount short of the full amount owed to the lender. Hence the word “short” in short sale.
What happens to … (1 comments)

lender: Can the Seller Talk To Their Lender While Their Realtor Is Negotiating The Short Sale? - 04/02/11 03:51 AM
Can the seller talk to their foreclosing lender while we, their Realtor team, are negotiating a short sale for them?
Absolutely yes!
As your short sale Realtors in Louisville, we are representing to your lender the facts of your hardship, and providing them all the supporting information they need to make a decision on your short sale. It is a lengthy and complex process.
We Want To Reduce Your Fear Of The Unknown
We know that it is stressful to be “upside down” on your mortgage and to be struggling with payments. Our goal is to help you avoid foreclosure and … (2 comments)

lender: Another Loan Modification Dooms Seller to Foreclosure Unnecessarily - 03/08/11 04:24 AM
Lender turns down loan modification and refuses to postpone the foreclosure auction to allow for a short sale. The lender hurts themselves and the seller who acted responsibly.
The seller contacted me many months ago to learn about the short sale option to avoid foreclosure. The lender, however, enticed him into a applying for loan modification.
Loan Modification Denied. No Time To Do A Short Sale.
Recently the seller contacted me that he was turned down for the loan modification, and asked that I start the short sale process, which I did. Shortly thereafter, the seller was given a notice that … (7 comments)

lender: Seller's Responsibilities In A Short Sale - 03/01/11 02:27 PM
Your Realtor is diligently helping you with the short sale of your house. The Realtor will be doing the "heavy lifting" with your lenders. However, it is vital that you, the seller, provide assistance when necessary.
Help your Realtor help you.
Your Realtor will be performing dozens or hundreds of extra tasks that don't exist in a non short sale transaction.
The seller needs to provide timely response in the following areas:
Getting financial documents from you that the lender requires. Price drops. If the house is not generating many calls or requests for showings, or if there were many … (3 comments)

lender: Short Sale Gridlock - 1st Mortgage Waiting On The 2nd, The 2nd Waiting On The 1st - 02/27/11 03:54 PM
Litton Loan is the first mortgage, Citi is the second.
Citi won't approve a short sale settlement amount until they get a copy of the payoff to Litton and the amount of losses Litton will incur.
Litton says they won't approve the short sale until Citi approves their settlement amount.
Litton waiting for Citi. Citi waiting for Litton.
We escalate to management.
We wait.
Litton still waiting for Citi. Citi still waiting for Litton.
We escalate to management.
We wait.
Repeat the process.
Then a stroke of luck, someone at Citi is off work that day
We escalate to the same … (1 comments)

lender: Can I Short Sale My House With Structural Damage? - 02/26/11 03:01 AM
Yes, you can short sale your house even with structural damage. Indeed, the lender may be more inclined to settle your loan because of the structural damage.
The bank does not want to own your house.
But who will want to buy my house with structural problems?
Someone will. Price fixes everything. The price will have to come down as an incentive for someone to take the risk and do the work.
But I owe too much on my house...
Once we, your short sale Realtors, submit the buyer’s offer to your lender for approval they will send an appraiser to … (19 comments)

lender: Can I Stay In The House While A Short Sale Is Being Done? - 02/19/11 03:25 PM
Can you stay in the house while a short sale is being worked out with your lender?
Yes! Actually, your lender usually prefers you stay in the house, even if you are not paying the mortgage.
Why Does The Lender Want You Stay?
If you stay in the house, you are protecting the house, which means you are protecting the lender’s investment.
Here’s how you help the lender by staying in the house:
You are keeping the heat on, thereby protecting the house from freezing pipes and water damage. This is very important in the Louisville, KY area. You are keeping … (39 comments)

lender: I Need To Sell My House Fast In Louisville To Avoid Foreclosure - 02/17/11 12:15 PM
Thousands of homeowners are behind on mortgage payments in Louisville KY. You are not alone. It’s a local and national epidemic.
The job market is weak. Family issues may be causing financial difficulty. House values are down, big time. You can’t sell for enough to pay off the mortgage, and you can’t afford to pay a Realtor commission, closing cost, maybe some back property taxes, homeowner association fees or other liens that attached to the house. When the money isn’t there to make the house payment, it just isn’t there. So Now What? Is There a Way Out?
Is There an … (0 comments)

lender: Hanging On Too Long When Can’t Afford Payments – Avoid Foreclosure With a Short Sale in Louisville - 01/27/11 06:10 PM
 
When the house becomes a money pit liability, emotions must be set aside and the house must be liquidated in the least damaging way possible. Running up more debt or using medicine money and food money to make the mortgage payments just doesn’t work out in the long run.
Rather than let a foreclosure devastate you financially and emotionally, a short sale is usually the best option.
What is a short sale?
A short sale occurs when a house sells for an amount short of the full amount owed to the lender. Hence the word “short” in short sale.
What … (4 comments)

lender: Think a Foreclosure Moratorium Will Save Your Home in Louisville? - 11/07/10 12:21 PM
Bank of America, GMAC and Chase have recently announced a freeze on foreclosures. Soon thereafter they announced they lifted the freeze and will continue the foreclosures.
There is much confusion in the market.
One thing is sure, however, if the borrower is behind on payments, the lender eventually has the right to foreclose.
The reality is that a foreclosure freeze is not the answer to your problem. However, there are steps you can take to avoid foreclosure.
Please click here for a free report on the Five Steps to Avoid Foreclosure
 
(1 comments)

lender: Crystal Ball for Underwater Homeowners - 10/28/10 04:50 PM

Dear Homeowner,
If you are behind on payments or
You are current on your payments but anticipate falling behind and
You owe more on your house than what it is worth then
Please do not despair. Your lender does not want to foreclose and they do not want to own your house.
They would rather settle and accept an amount short of what you owe then incur the cost and risk of taking your house.
Banks encourage short sales, which is good for the them and good for you.
It may seem hopeless and endless today. But a short sale … (8 comments)

 
Dave Halpern, Louisville Short Sale Expert (Keller Williams Realty Louisville East (502) 664-7827)

Dave Halpern

Louisville Short Sale Expert

Louisville, KY

More about me…

Keller Williams Realty Louisville East (502) 664-7827

Address: 1230 S. Hurstbourne Lane, Louisville, KY, 40222

Office: (502) 664-7827

Mobile: (502) 664-7827

Email Me



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