short sale realtors louisville ky: This Cat Attended My Short Sale Listing Presentation - 06/16/11 12:44 AM
I’m used to having additional parties attend my short sale listing presentations. I welcome the opportunity to explain the process. The sellers often bring to the table advisors and supporters who are their;
Parents Children Siblings Grandparents Grandchildren Neighbors Friends Significant others who are not on the loan Financial advisors Legal advisors I enjoy the crowd. The more people the better. I am confident in my knowledge and confident in my answers. I have vast supporting documentation at my fingertips wherever I go.
The more questions I am asked the better it is. Questions lead to understanding. Short sales are complex … (11 comments)

short sale realtors louisville ky: 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)

short sale realtors louisville ky: 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)

short sale realtors louisville ky: Speechless Sunday - Pet Picture "As Good As It Gets" - 01/30/11 03:53 PM
As a short sale Realtor in Louisville KY I visit many families in financial distress. It is always heartwarming to see how much comfort their pets bring them. As I sit at their kitchen table or dining room table sifting through foreclosure documents, mortgage statements and hardship letters, the mood always gets better when a cute doggie saunters in looking for a tummy rub.
For the doggie - this is as good as it gets.
These pictures were taken on one such occasion.


short sale realtors louisville ky: On the Edge of Losing Your Home To Foreclosure in Louisville KY? - 11/07/10 12:53 PM
On the Edge of Losing Your Home In Louisville KY? There are options available to a homeowner faced with foreclosure. When you or someone you know is pushed to the edge of foreclosure, it is vital to know that you have options. It is vital to seek the advice a Realtor who specializes in helping homeowners avoid foreclosure. Friends, family and bankruptcy attorneys may mean well, but they may not be experts in all the changing pre-foreclosure options and rules. If you're behind on payments and owe too much on your house you may think think there's no way out. We … (0 comments)

short sale realtors louisville ky: 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)

short sale realtors louisville ky: For Sale By Owner, FSBO, FiSBO to Avoid Foreclosure in Louisville KY - 10/27/10 09:41 AM
Sellers who are “upside down” often try to sell their house by themselves through various FSBO methods. However, a short sale with a Realtor can usually get the house sold even if the seller can’t afford to pay a Realtor commission.
“Upside down” or “underwater” means there is more owed on the house than the house is worth. Lenders understand that sellers are upside down on their mortgage and they encourage short sales.
In a short sale, the lender accepts an amount SHORT of what is owed so the seller can avoid foreclosure.
Who Pays the Commissions and Closing Costs? Answer: … (0 comments)

short sale realtors louisville ky: In Foreclosure? Look Beyond the Obvious For Real Options – The Short Sale - 10/17/10 03:15 PM
Examples of non-obvious solutions that were better than the obvious ones:
Did you ever think you knew what was wrong with your car but the mechanic instantly found the real problem and solved it? Did you ever think you knew what the doctor would say but her diagnosis and treatment were different? Were you ever sure you knew how to fix your computer but the computer expert knew the real solution? Well, it’s the same with avoiding foreclosure. The obvious solutions aren’t always the best solutions. For example, the obvious solutions to avoid foreclosure are:
Bringing the payments current.
But, if … (4 comments)

short sale realtors louisville ky: Avoiding Foreclosure With a Short Sale: The First Meeting With Your Realtor - 10/16/10 03:45 AM
YOU are my client, and the short sale is all about helping YOU avoid foreclosure. It is all about YOU.
Here’s what YOU can expect from our first meeting:
I listen to all YOUR questions and concerns and provide YOU with comprehensive answers. I ask YOU key questions, bringing my years of experience to the table for YOUR benefit. We then customize a strategy, together. There are many variables in a short sale, and we develop a specific plan that fits YOUR circumstances and addresses YOUR wishlist. I make sure to answer all YOUR questions and address every single one of … (2 comments)

short sale realtors louisville ky: With a Short Sale You Can Avoid Foreclosure in Louisville and Get Peace of Mind - 10/02/10 11:07 AM
Imagine the peace and tranquility of getting that mortgage out of your life!
Are you getting mortgage payment collection robo calls from India, Philippines and other bank call-centers? Worried what the mailman is bringing? Worried who may knock on your door? Owe more on the house than the house is worth? Please know you have options. The bank doesn’t want your house.
Your lender recognizes your hardship and has a commonly used program called a "short sale".
A short sale happens when the lender accepts an amount SHORT of what is owed. In most cases the lender forgives any deficiency.
It … (1 comments)

short sale realtors louisville ky: Top 44 Reasons Sellers Don’t Do a Pre Foreclosure Short Sale Even If They Need To - 09/24/10 12:37 AM
If you are a homeowner with an “underwater” mortgage or an “upside” down house, please know that millions of Americans are experiencing the same confusing and stressful dilemma.
Please be aware that under many circumstances there are solutions favorable to you. You have options and there are answers to each one of the concerns listed below.
It is extremely important that you consult with a Louisville short sale Realtor who specializes in pre foreclosure situations.
I have compiled this list of concerns as a result of hundreds of consultations and kitchen table conversations with sellers in need.
Homeowners Lose Their House … (6 comments)

short sale realtors louisville ky: Intriguing Legal Question About HAFA Short Sale $3,000 Incentive While In Bankruptcy - 09/19/10 03:33 AM
Do the sellers keep the $3,000 or do the creditors get it?
Sellers are in Chapter 13 Bankruptcy. We are submitting their short sale as a HAFA short sale. If the HAFA short sale is approved, the lender will provide a $3,000 relocation assistance incentive to the seller. My question is:
Will the sellers be able to keep the $3,000 now or will the bankruptcy court distribute it to the creditors?
Note: There is a concept called Homestead Exemption, but since I’m not a lawyer I don’t know if it applies.
Here's a link to bankruptcy exemptions
I am always … (1 comments)

short sale realtors louisville ky: Short Sales: Banks Drag Their Feet Then Close the File For Inactivity - 09/17/10 12:47 AM
Common Occurrence 1:  
Problem: Bank’s loss mitigation department tells Realtor the file will take 3 weeks to be assigned to the next person. They instruct the Realtor not to call until then. Realtor calls three weeks later and is told the file is closed for inactivity.
Remedy: Call at least once a week anyway. Tell the loss mit person to notate the file that you called. Keep the file alive even if the lender is trigger happy to close it.
Common Occurrence 2:  
Problem: Bank drags their feet for months then claims the seller’s financials are outdated. Duhh! … (6 comments)

short sale realtors louisville ky: What To Do When Short Sale Sellers Want To Stay 30 Days After Closing But The Buyers Want Possession At Closing - 09/14/10 01:04 AM
A commonly asked question by short sale sellers is “Will we get to stay in the house the customary 30 days after closing to move out?”
The short answer is usually “No”, but the answer deserves some clarification. Here are the key points.
1.       The timeline from day of listing the house until closing is measured months. Usually 3 to 6 months. That gives the seller plenty of time to get organized for the move.
2.       The 30-day rule doesn’t really exist. Remaining in the house after closing is an item to be negotiated in advance between seller and buyer.

short sale realtors louisville ky: Monday Morning Reflections of a Short Sale Realtor - 09/13/10 12:59 AM
It is our choice to focus on the positive or dwell on the negative. The positive is that we are helping families avoid the financial and emotional strain of foreclosure. The negative is the hassle and the difficulty of jumping through the bank’s flaming hoops.
I choose to focus on the positive. The smiles, the hugs and the tears of relief at the real estate closings overshadow any difficulty we encounter on the way.
We lift a tremendous burden from the seller's shoulders.
We help people preserve their dignity.
When friends and family ask them “whatever happened to that house?” … (3 comments)

short sale realtors louisville ky: Short Sales: Lender is Slow, Mold is Fast - 09/12/10 08:57 AM
As short sale Realtors, we are problem solvers. We help homeowners avoid foreclosure, and we help lenders reduce their losses.
Lenders Are Slow
Sometimes the lender drags out the short sale processing for 6 to 18 months. They turn down valid short sale offers and send 3 to 4 appraisers out. Lenders fish for a price and it seems like they’re willing to wait a year so they can report that they got their price, even if they net many tens of thousands of dollars less because of holding costs, legal fees and lost income.
Mold Doesn’t Wait For The … (3 comments)

short sale realtors louisville ky: Foreclosure and Divorce in Louisville – Beware When One Spouse Gets The House and The Other Gets The Mortgage - 09/10/10 02:56 AM
When the divorce agreement awards the house to one spouse and the mortgage obligation to another, this could spell great peril. The spouse in the house often doesn’t know if the "mortgage spouse" stopped making the payments.
The billing address usually gets changed to the mortgage spouse's new address. The spouse in the house does not get any late notices about non-payments until it’s too late.
Even though house spouse can claim that the mortgage spouse is in contempt of the agreement, the damage is already done. The back payments and legal fees often make it too hard to catch up … (2 comments)

short sale realtors louisville ky: Mother Nature Works on Houses in Foreclosure - Louisville Short Sales - 09/09/10 02:32 AM
Mother Nature doesn’t stop working on a house just because it’s for sale and the seller is trying to beat foreclosure.
Short Sales Take Time
In a traditional sale, the seller and buyer agree to price and terms and 3 to 5 weeks later the transaction is complete and the new owner moves in.
In a short sale, the foreclosing lender approves the release of the mortgage for an amount short of what is owed. That process can take many months.
Sun, Heat, Cold, Wind, Water, Wind, and Fire
While the short sale Realtor is working on the short sale, so … (0 comments)

short sale realtors louisville ky: Louisville Seller Loses House To Foreclosure Without Trying To Short Sell It First. Why? - 09/08/10 02:33 PM
“I was a deer in the headlights.”
“There isn’t sufficient information readily available.”
These were the sad statements the owner made. A woman called me a week AFTER her house was lost at foreclosure auction to ask me what her options are. I asked her why she didn’t call me prior to the auction. She hadn’t even sought out a Realtor prior to the auction.
She continued; “Spoke to five people got five different answers which contributed to my paralysis.”
She had spoken to:
Her divorce attorney The Louisville Jefferson County Clerk because their office sends out the notices … (2 comments)

short sale realtors louisville ky: Half a Short Sale? Or, HAFA Short Sale? - 09/05/10 02:16 AM
The phrase SHORT SALE makes no intuitive sense to the typical home seller. Now they hear there’s a new program: HALF A SHORT SALE
The initial phone conversation goes like this:
SELLER: I owe more than the house is worth. I want a quick sale.
REALTOR: You mean a short sale?
SELLER: As long as it’s quick.
REALTOR: A short sale isn’t short. It takes a long time.
REALTOR: But, you may qualify for a HAFA short sale.
SELLER: I don’t want half a short sale. I want a full short sale.
For further illumination … (5 comments)

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

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

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