Kimberlee Frank's (kimberleefrank) Blog

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Education & Training - Sell Fast Realty

ARCHIVED BLOG POSTS

2011 

MASTER $HORT $ALE$   INCREA$E YOUR INCOME FOR 2011 Please join us - December 16th   I am making a special effort to reach out to all of my dedicated and persevering Realtor friends!  Do you wish you had more listings?  More Buyers?  Are you feeling stuck?  Are short sales wearing thin on you?  Ye...
11/13/2011
Full Satisfaction of Loan versus a Lien Release Only Understanding the outcome on a short sale is vital not only to the Seller but to the Realtor.  Below I explain the different types of short sale approvals. There are two different types of Short Sale Approvals: Full Satisfaction of Loan Lien Re...
11/13/2011
What is a Deficiency Judgment? A Deficiency Judgment is the difference in what the property was sold for and what you owed on the mortgage, including interest and attorney fees.  Your lender has the right to come back after you for 25 years to collect on the difference.  They have 5 years to file...
11/13/2011
Does a Seller have to pay closings costs and Realtor commissions on a Short Sale? NO, you don't have to pay closings costs and realtor commissions on a short sale!  On a short sale, even though you are the seller, the lender allows certain fees to be paid out at closing that normally the seller w...
11/08/2011
Will my Lender pay me any money to move with the HAFA program? The Home Affordable Foreclosure Alternative (HAFA) program does allow a relocation fee of up to $3,000 paid to the homeowner if they claim their home as a homestead exemption.  The HAFA program does not apply to investment properties....
11/08/2011
How will my credit be affected on a Short Sale, is there any advice you can give me?  Disclaimer:  I am not a credit expert and I am responding to you based only on my understanding of the affects on credit.  Making late payments on any debt will lower your credit score based on the amount of day...
11/08/2011
How is Sell Fast Realty different from other Realtors? I understand my sellers’ needs because I, too, have been down the foreclosure road.  I can tell you life does get better when you decide to make a decision.  Making a decision that is best for you and your family is a huge relief!!  I know ho...
11/06/2011
How do I qualify for a Short Sale? To submit a short sale request, you need to have a hardship, a buyer, and the lenders require that you have the house listed with a Realtor.   Your offer from your buyer, along with your financial information, is submitted to your lender for their review to dete...
11/06/2011
I can’t take the stress of Foreclosure anymore…what should I do? Become educated and make a decision.  I remember waking up in the mornings after a sleepless night, praying that this was all just a bad dream.  I fought with everyone from my husband, kids, mother and even the dogs.  I was so sick ...
11/06/2011
Should I save my home and fight the foreclosure? You may be struggling with this question.  Should I try and save my house?  If you can afford to stay in your house at a comfortable payment, then I can refer you to a non-profit organization that will help you fight the foreclosure.  Your monthly ...
11/05/2011
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Kimberlee Frank

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