louisville foreclosures realtors: When HOA Directors Complain That a Short Sale is Priced Too Low - 10/20/17 03:58 AM
Fact: Short sale properties sell for less than market value.
Fact: Neighbors do not like when a home sells that can lower the comps of the neighborhood.
Fact: HOA Directors by job definition have their noses in other people's business.
Fact: HOA Directors sometimes complain that a short sale in their community is priced too low.
Fact: The seller needs relief from the mortgage payments and the HOA fees and needs the property sold. In a short sale, usually, the price is not the seller's main concern.
So how does the Realtor explain the lower price when accosted by the HOA Directors?
Fewer buyers will be … (9 comments)

louisville foreclosures realtors: How To Sell Your Louisville House If You Cannot Afford Realtor Commission? Short Sale. - 06/18/11 03:38 PM
If you can't afford closing costs and Realtor commission, you are probably like millions of Americans who owe more on your house than the house is worth.
Please Do Not Despair - You Have Options
Your lender recognizes this problem and has a process called a short sale. In a short sale, your lender accepts an amount SHORT of your payoff, hence the term SHORT sale.
Dave Halpern, Real Estate Broker of Louisville Short Sale Expert, helps dozens of Louisville homeowners sell their house and avoid foreclosure every year. The lender pays the Realtor commission on behalf of the seller.
… (1 comments)

louisville foreclosures realtors: You Don’t Need Money To Hire a Louisville Short Sale Expert Realtor To Avoid Foreclosure - 11/10/10 12:36 PM
As a general rule, the short sale does not cost the seller anything. Zero out of pocket, seller brings no money to closing.
The Short Sale Lender Accepts Less Than You Owe
In a short sale, your lender accepts and amount SHORT of your payoff, hence the phrase SHORT sale. They accept what the market will pay, regardless of of what you owe them.
The Short Sale Lender Pays Your Closing Costs
When the seller is experiencing a true hardship, the lender recognizes that the seller does not have money on hand to pay closing costs, commissions, property taxes and all … (1 comments)

louisville foreclosures realtors: Pre Foreclosure Short Sale: Do I Have To Leave The Utilities On? - 10/15/10 02:36 PM
If the sellers already moved out, should they spend their scarce financial resources to keep the utilities on?
Let’s backtrack for a minute. A short sale is a dignified and financially advantageous way for homeowners to avoid foreclosure. The lender accepts an amount SHORT of the amount owed and usually forgives the shortfall. Therefore the underwater homeowner SELLS their home and doesn’t LOSE their home.
So, a successful short sale is the goal. Keeping the utilities on is a good idea because:
It makes the house easier to sell. When potential buyers walk through the house it will be more inviting … (5 comments)

louisville foreclosures realtors: Don’t Lose Sleep Over Your Mortgage – Lose Your Mortgage! - 10/11/10 04:18 PM
You may be losing sleep if you are:
“Upside down” on your mortgage. The sheriff served you with foreclosure papers. You’re behind on payments. You anticipate falling behind on payments. Must move but owe too much. You are not alone. This economy has been grinding up good, hardworking Americans.
My advice:
Look into selling your house via a short sale. In a short sale your lender accepts an amount short of what you owe.
Get that overwhelming debt out of your life.
This is real.
We have helped many in Louisville, KY and surrounding counties.
Don’t Lose Sleep Over Your Mortgage … (4 comments)

louisville foreclosures realtors: Does Any One Know Why The Banks Prefer Foreclosures Over Short Sales? - 10/09/10 03:15 AM
Lenders push houses to foreclosure by demanding short sale offers to be 10% to 30% higher than market value.
It’s a mystery.
We can send the lender the electronic log from the lockbox to prove that 20 or 30 agents showed the house and that we got the highest offer the market will pay.
We can send them comparable sales showing market value. We can show the banks the long days on market and all the comparable listings that never sold.
Somehow the lender overrides reality.
Foreclosures Cause Values To Spiral Down. Short Sales Reduce The Lender's Losses.
The lender … (16 comments)

louisville foreclosures realtors: Why Do Short Sale Lenders Demand Offers 30% Higher Than Market Value? - 10/08/10 04:21 AM
It’s a mystery. We can send the lender the electronic log from the lockbox to prove that 20 or 30 agents showed the house and that we got the highest offer the market will pay.
We can send them comparable sales showing market value. We can show the banks the long days on market and all the comparable listings that never sold.
Somehow the lender overrides reality.
Foreclosures Cause Values To Spiral Down. Short Sales Reduce The Lender's Losses.
The lender dooms the house to foreclosure rather than accepting a logical short sale. That causes more blight in the neighborhood, which … (4 comments)

louisville foreclosures realtors: Banks Pushed Short Sales Over The Cliff Into Turbulent Foreclosure Waters - 10/07/10 01:02 AM
Thousands of short sale Realtors nationwide have experienced the exasperation of banks illogically turning down logical short sale offers.
Banks traditionally have pushed valid offers over the cliff with answers such as:
“We don’t care. The PMI company will pay us more.” “We don’t care. FHA will make us whole.” “We don’t care. We’re closing the file.” “We don’t care. That’s our policy.” Time and again, banks turn down short sale offers, then spend many months foreclosing, only to resell the house at a greater loss than the short sale offer.
Now the woes of the banks are being compounded by … (6 comments)