homes in hollister: Do I Need To Disclose Anything Wrong With My House? - 08/24/15 08:39 AM
Hollister CA – The Stop Foreclosure Institute recently received a question from Will. Here was his question.

“I am thinking of short selling my house. There are some problems with the house. I know that most home buyers get a home inspected before they buy it.

Do I have to tell them about the problems? Or, should I leave them for the inspector to find? Will.”

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here was our answer. Will, we would disclose everything to the home … (2 comments)

homes in hollister: A Few Mistakes to Avoid When Short Selling Your Hollister Home - 06/21/12 03:37 AM
Hollister CA – Short sales are confusing. Many people do not understand the necessary steps to successfully short sell a home.
The first priority is to find an agent with prior short sale experience. The more experience the better. They will know the necessary steps to help you short sale.
Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
Unfortunately, many agents don't have much short sale experience. If you want to successfully short sale your home, then avoid hiring an agent who is not experienced with short sales.
Another mistake to avoid is deeding … (1 comments)

homes in hollister: Are Buyers Interested in Buying a Hollister Short Sale Property? - 06/20/12 09:50 AM
Hollister CA – Are you thinking about buying a short sale? Many people would gasp, or look at you sympathetically, if you told them you were buying a short sale.
Some of them would probably warn you about the drawbacks of buying a short sale, one of which would be the waiting period for the short sale to be approved by the mortgage holder.
Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
There is usually an agreement between the home seller and the mortgage holder whereby the mortgage holder agrees to accept the lesser … (0 comments)

homes in hollister: Hollister Short Sale Myth: No Short Sell Due to No Money for a Realtor? - 06/19/12 02:56 AM
Hollister CA – A number of myths have hurt the reputation of short sales. For instance, there is a common misconception that a short sale seller is unable to sell his house due to the inability to pay a Realtor.
Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
You can short sell your home, and it will cost you zero dollars out of pocket. How is that possible? Your bank will pay the Realtor for you.
Here's how it works. A seller puts his home up as a short sale, and the Realtor markets … (0 comments)

homes in hollister: Can I Short Sell My Hollister Home if It Needs Repairs? - 06/18/12 09:52 AM
Hollister CA – Yes, there is absolutely nothing stopping you from selling your home even if it requires repairs.
Some Realtors will make an issue out of leaking pipes or other problems. The truth is that the short sale lender doesn't make a big deal because the lenders knows it has to sell the home. The lender will either sell it as a short sale or after a foreclosure. One way or another, it is selling.
Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
Just because you can sell your home when it requires … (0 comments)

homes in hollister: Another Reason You Must Hire Experienced Hollister Short Sale Realtors - 06/15/12 12:15 PM
Hollister CA – The way that most lenders handle short sales is very weird. They have a strange policy of demanding that all home buyers close on their home purchase within 30 days of their approving the short sale.
Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
The sad truth is that you can push home buyers only so hard. On a traditional sale many people wait two to six months for their home to sell. Most buyers agree to close within 30 days.
The biggest reason for a closing delay is because the … (0 comments)

homes in hollister: Are Hollister Short Sales Really that Difficult? - 06/14/12 04:19 AM
Hollister CA – Remember the first time you drove a car?
Was it easy? No, it wasn't. The first time we drive, we have both hands on the wheel and are looking in every direction. We're focused on the road ahead to make sure we don't have an accident.
Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
After we've been driving for a while, we start to relax. "Driving isn't so hard after all," we think to ourselves. After a little practice, some people are eating, steering with their knees, and even putting on … (0 comments)

homes in hollister: Hollister Short Sales: Facing Foreclosure & Lender Changed the Locks? - 06/13/12 01:47 PM
Hollister CA – Many homeowners facing foreclosure come home to find the locks on their doors changed out. They are locked out of their own homes.
We've seen lenders do this to homeowners who still own and live in their homes. In one example, an American veteran was facing foreclosure. He went to the hospital for some medical treatment.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
He came home to find the locks on his home changed. All of his personal belongings had been put out at the curb. Some items were missing.
… (2 comments)

homes in hollister: How We Convince a Lender to Approve a Hollister Short Sale - 06/12/12 10:14 AM
Hollister CA – In yesterday's blog post we explained why some Realtors consider short sales to be "nightmares." Then we explained what we do to inform the actual loan owner of the lender's negligence.
Today we'll explain how this works if the lender owns the loan in house. After all, there is no third-party loan owner who will hold the lender accountable. Here is what you do in this situation.
Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
First, contact the CEO. We have a solid strategy that will put us in contact with … (0 comments)

homes in hollister: Are Hollister Short Sales Really a Nightmare? - 06/11/12 08:40 AM
Hollister CA – I read a blog post by another agent the other day. He had a long story about a short sale that he worked on that was so difficult.
He said the lender sent him a form on Friday. On Friday afternoon the lender demanded he send back a form signed and notarized by the sellers.
He sent it back on Saturday. On Monday the lender closed the short sale file because it hadn't received the form within 24 hours. Apparently no one checked the faxes sent over the weekend.
Click here to discover how other sellers successfully executed … (0 comments)

homes in hollister: Why Hollister Foreclosures & Short Sales Sold with Tenants on Property - 06/08/12 04:32 AM
Hollister CA – A person recently asked me about how the banks foreclose on properties with a tenant living in it.
"Why would a bank go to the trouble of a foreclosure if there's already a tenant in the house paying them?" she asked me. That's an interesting question.
Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
I think the reason this happens is because the banks aren't in the real estate business. They don't want to deal with collecting rents, handling evictions, and all the other work associated with rental properties. They just … (0 comments)

homes in hollister: Hollister Short Sales: How to Overcome the Odds for Short Sale Success - 06/07/12 11:06 AM
Hollister CA – Here is a success story about a short sale that the Stop Foreclosure Institute worked on for a long time. This was a very difficult short sale, and it dragged out for over a year.
Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
The reason that this short sale drug out for such a long time is because the short sale lender thought the house was worth more than its actual value.
Imagine that you were a bank losing hundreds of thousands of dollars on a loan. You hire an appraiser, … (0 comments)

homes in hollister: Hollister Short Sales: A Short Sale Success Story - 06/06/12 02:47 AM
Hollister CA – Here is a success story about a short sale that the Stop Foreclosure Institute worked on. We recently closed this short sale and helped the seller avoid a big deficiency judgment.
Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
Ed and Cathy bought their house at the top of the market in 2005. It had dropped in value, and they couldn't afford the mortgage payment anymore. We listed the home and started the short sale negotiations with the lender.
The lender was a credit union that was losing about $110,000 on … (0 comments)

homes in hollister: Do Banks Want to Do Hollister Short Sales? - 06/04/12 04:50 AM
Hollister CA – The Stop Foreclosure Institute recently received an email from Elaina. Here is what she had to say.
Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
"Hi, I am a Real Estate Agent. You have some good information on short sales. But is it written assuming that banks actually want to do short sales?
"I have worked on a particular short sale with a large national bank. We started on it seven months ago. The bank sent out an appraiser a couple of months ago. Then the bank said it was transferring … (0 comments)

homes in hollister: Hollister Short Sales: How Can I Get an Answer on My Offer? - 06/02/12 08:55 AM
Hollister CA – The Stop Foreclosure Institute recently received a question from Brad. Here is his question.
"I made an offer to buy a short sale about four months ago. I've heard nothing except that they're going to re-submit the short sale paperwork to the lender.
"I'm very frustrated. Is there anything I can do on my end to try to push the process along, or is it all up to the agent? Please help! ~ Brad."
Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
Here is our answer to Brad's question. It's up … (0 comments)

homes in hollister: Get Out of Jams on Hollister Short Sales Second Mortgage Negotiations - 06/01/12 03:04 AM
Hollister CA – Last we discussed how to avoid getting into a jam on short sale negotiations when there are two mortgages on the property.
We received a question from another agent on short sale negotiations. Here is her email.
"I have been working on a file with two mortgage. The second mortgage wants $7500, or the lender won't approve the short sale.
"The first mortgage will approve the short sale, but they aren't willing to pay the second mortgage a dime. The sellers live elsewhere and do not want to pay anything.
What do you suggest beyond contacting the negotiators … (0 comments)

homes in hollister: Avoid Jams with Second Mortgage Negotiations on Hollister Short Sales - 05/30/12 05:17 AM
Hollister CA – We received a question from another agent on short sale negotiations. Here is her email.
"I am having a problem on a short sale and would like to know how to avoid it next time.
"The first mortgage gave me a price and a net they would allow. The home sold for enough money to get them the price and their minimum net they said they had to have. We put together the closing statement with the first receiving what they wanted and the second mortgage receiving $9600.
"The second had asked for $15,000 and are saying they … (0 comments)

homes in hollister: A Rant about Lender Incompetence on Hollister Short Sales - 05/29/12 05:34 AM
Hollister CA – I am so sick of the incompetence and arrogance of people in the banking industry! It seems like the incompetence never ends.
We had a short sale closing last week. The underwriter for the buyer's lender didn't like the way the short sale approval letter was worded and wouldn't approve the loan until the short sale approval letter was changed.
Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
We called up the short sale lender, who wouldn't make the change. The buyer's lender said the deal was dead.
The problem is … (0 comments)

homes in hollister: A New Strategy to Make Hollister Short Sales Faster and Easier - 05/25/12 12:24 AM
Hollister CA – Yesterday we discussed a serious problem affecting the short sale industry. Today we're going to lay out a strategy short sale sellers can use to help solve this problem.
Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
The biggest reason this problem can continue is because the Realtors assisting you never receive a copy of your home's valuation. If we had copies of those valuations, then holding the people accountable would be much easier.
The banks won't give us the information, and we really don't have the right to it. But … (0 comments)

homes in hollister: Why Is No One Holding People Accountable on Hollister Short Sales? - 05/24/12 03:57 AM
Why Isn't Anyone Holding These People Accountable on Hollister Short Sales? Hollister CA – Are you thinking about short selling your home? Here's a way that any seller can help with the short sale.
First off, the biggest problem is that there is very little accountability in the short sale industry.
Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
The banks use appraisers and other people to tell them what a house is worth before selling it. They banks will not approve a short sale offer unless the house is selling for close to … (0 comments)