Dennis Toomey's (dennis2me) Blog

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Real Estate Agent - RE/MAX Action

ARCHIVED BLOG POSTS

2011 

IL – We recently send everyone in congress a fax about a certain large bank. They had done a lousy job on a short sale file. We waited 90 days for an answer on an offer. Get my Free, Step By Step Loan Modification Guide by clicking here. The buyer got impatient and walked. Fortunately we had a b...
05/26/2011
IL – The Stop Foreclosure Institute recently received a question from Brandon. Brandon is selling his house and something very interesting happened. Brandon’s Question: "My loan is with American Home Mortgage (AHMSI for short.) They are charging a 1% short sale processing fee to the buyer. Is tha...
05/26/2011
IL – The Stop Foreclosure Institute recently received an e-mail from another real estate agent. They were asking for our advice on a short sale. They accused a large, national lender (one of the 4 largest in America) of lying to Fannie Mae. Fannie Mae is almost a subsidiary of the Federal Govern...
05/26/2011
IL – The Stop Foreclosure Institute recently received a question about renting a home in foreclosure. Short Sale Question: I am selling 2 of homes that are short sales. I would like to rent the homes during the foreclosure process. I will continue to pay the home owners association fees. I will ...
05/26/2011
IL – Another agent recently e-mailed the Stop Foreclosure Insitute. They were having a hard time with a short sale on a Fannie Mae Loan. Get my Free, Step By Step Loan Modification Guide by clicking here. Here is an excerpt from the agent's e-mail. "I spoke with Josh @ Fannie Mae. He said that on...
05/26/2011
IL – After yesterday’s blog post, I am sure that some people were wondering why a HELOC gets zero from a foreclosure. Let me explain why. Get my Free, Step By Step Loan Modification Guide by clicking here. When a property is foreclosed upon, it is auctioned on the courthouse steps. Let me give y...
05/19/2011
IL – The Stop Foreclosure Institute recently received a question about short sales. Here is the question. “What is your experience with Chase Heloc's? I have a HELOC that is a 2nd mortgage. Citi (the 1st) will give them 6% or approximately $3000. Chase's collection agency is saying that they wan...
05/19/2011
IL – This is a common myth that is promoted by people that do not understand lenders or the foreclosure process. However, it's not true. Get my Free, Step By Step Loan Modification Guide by clicking here. Many homeowners have short sold their home and never missed a payment. The lenders will appr...
05/19/2011
IL – We at the Stop Foreclosure Institute receive emails all the time that go something like this "The Bank’s Short Sale Problems are not that simple. A bank can't afford to write off too much loss at once. Also, their investors may not approve the short sale, because they can't afford to write ...
05/19/2011
IL – We at the Stop Foreclosure Institute receive calls all the time that go something like this “I have fought the bank for year and half, and after paying thousands and thousands I have decided to short sale, can you help me”? Get my Free, Step By Step Loan Modification Guide by clicking here....
05/19/2011
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