ARCHIVED BLOG POSTS
2011
IL – No matter what the circumstances are when you’re selling your home, you want to get top dollar for it. For the potential owner it’s like their birthday, or Christmas, or Hanukkah. So, why not GIFT WRAP your home for them? As silly as that seems that’s exactly what you are doing when you are...
12/26/2011
IL – The Stop Foreclosure Institute recently received a question from James. Here is his question. "I am upside down by $300,000 on my home. I want to move, but I am concerned about having that $300,000 debt chasing me for the rest of my life. A friend mentioned I could get it wiped out in bankr...
12/26/2011
IL – While most people think of realtors as a person you turn to only when you’re buying or selling a home; many don’t realize that a realtor’s expertise in the housing industry can help you in other ways also. If you are facing possible foreclosure, turning to a realtor for help may be one of th...
12/11/2011
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IL – What can you do if you are facing a foreclosure? One of the scariest and worse case scenarios for a homeowner is getting so far behind in your payments that foreclosure is leering around the corner. You feel as though you have let everyone, yourself included, down. You feel embarrassed, eve...
12/11/2011
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IL – We recently saw something positive on short sales with Bank of America. Bank of America recently sent out an email stating that you can no initiate the short sale process without a buyer. The agent can start the process and get things going before a buyer makes an offer to purchase the prop...
12/11/2011
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IL – The Stop Foreclosure Insitute recently received a question from Denzel. Here was his question. “I purchased my home in 2007 for 365,000 and put 18,000 down. Today I owe approximately 340000. The mortgage is with Wells Fargo. No Second. The same size home is being sold by the builder brand n...
12/11/2011
IL – The Stop Foreclosure Institute recently received a question from David. Here was his question. “My lender ******** Bank verbally told me that my short sale was approved. However, now they are now telling me that Fannie Mae did not approve the sale. They gave me an option to pay $3,000 upfro...
12/02/2011
IL – We recently gave a couple of common reasons that short sales fail. Today, we will go thru a few more reasons. (To recap, here were the reasons we put in our previous blog post. Reason #1: The sales price is lower than the lender wants. The lender thinks the home is worth more than it is sel...
12/02/2011
IL – Yes, many people think they can negotiate with the lender. But, some of them don’t have the skills necessary to be successful. Here are a few of the things someone needs before they can negotiate a short sale. Click here to discover how other sellers successfully did a short sale and avoide...
12/02/2011
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IL – You may wonder why a sales contract says the seller pays for certain costs and yet the bank covers the costs. Here is how it works. The sales contract may have a certain clause say: “Seller to pay title and seller’s documentary stamp taxes.” How does the bank pay that cost if it says the se...
12/02/2011
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Dennis Toomey
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