rocklin short sale specialist: Short Sale Specialist Rocklin CA - What Is A Legitimate Hardship?
- 03/10/12 03:22 AM
Short Sale Specialist Rocklin CA - What Is A Legitimate Hardship? – Mark Peek, Rocklin Short Sale Specialist, discusses what is a legitimate short sale hardship. It depends on the mortgage company and investor considering the Rocklin Short Sale. In general, as long as the Bank believes the loan is likely to become delinquent the Short Sale will be processed by the Loss Mitigation Department. A big key to getting your Bank to accept a hardship is to submit a strong hardship letter. The hardship letter sets the tone for the entire file. The hardship letter must present the facts clearly. Below are examples … (0 comments)
rocklin short sale specialist: Rocklin Short Sale Facts From Rocklin's Top Short Sale Specialist
- 03/04/12 12:54 PM
Rocklin Short Sale Facts From Rocklin's Top Short Sale Specialist – Rocklin Short Sale Specialist, Mark Peek, claims that a short sale is one of the best alternatives to foreclosure because it mitigates additional fees and costs to both the creditor and borrower. You will also be eligible, under Fannie Mae guidelines, to buy another home in 2-3 years instead of 5 to 7 years. According to our research, if your credit report does not reflect a 60-day+ late pay, under Fannie Mae guidelines, you are eligible to buy another home immediately. Below are some of the Highlights of completing a Short Sale with a Rocklin's … (0 comments)
rocklin short sale specialist: Rocklin Short Sale Specialist - How Does A Rocklin Short Sale Affect My Credit?
- 03/04/12 12:25 PM
Rocklin Short Sale Specialist - How Does A Rocklin Short Sale Affect My Credit? Mark Peek, Rocklin Short Sale Specialist, can negotiate a short sale to help the seller to avoid any credit damage due to foreclosure. It may take a minimum of 7 years before it goes off your credit report. That is why is it best to do all you can to avoid it. When you short sell in Rocklin, you will recover quickly from the dings of late mortgage payments, provided you can keep your other accounts current. In such a case, consider allocating money to meet basic necessities first. You also … (0 comments)
rocklin short sale specialist: Rocklin Short Sale Specialist | Mark Peek | Multiple Offers Received. How Do We Select the Best Offer?
- 01/19/12 01:43 AM
Rocklin Short Sale Specialist | Mark Peek | Multiple Offers Received. How Do We Select the Best Offer? – Rocklin Short Sale Agent, Mark Peek, recently listed a Rocklin Short Sale and received 12 offers. It is not uncommon today for Homeowners that list with a local Short Sale Specialist to experience this. Every Rocklin Short Sale Seller has a unique situation. The goal is to select the best offer, with the best terms, at Fair Market Value, with the highest chance for a Rocklin Short Sale Approval. In my experience, the highest offer is not always the best offer. The highest offer may be less likely to close the … (4 comments)
rocklin short sale specialist: Short Sale Rocklin CA | Mark Peek | Rocklin Short Sale Specialist Helps Homeowner Avoid Foreclosure
- 11/15/11 09:39 AM
Short Sale Rocklin CA | Mark Peek | Rocklin Short Sale Specialist Helps Homeowner Avoid Foreclosure - Rocklin Short Sale Specialist, Mark Peek, just helped another Rocklin Short Sale Seller avoid foreclosure with Bank of America. Another successful short sale from an experienced Rocklin Short Sale Agent. This Short Sale in Rocklin was approved without any seller contributions, repairs, or any out of pocket costs. The homeowner avoided a Rocklin Foreclosure and can qualify to purchase another home in as little as 1 year with Rocklin Credit Repair or in as little as 2 years without. Who is your Mortgage with? I have closed several Short Sales with Bank of America, and many of the most common lenders such as Chase, Wells Fargo, … (4 comments)
rocklin short sale specialist: Rocklin CA Short Sale Specialist | Mark Peek | Use a Chapter 7 Bankruptcy As A Negotiation Tool
- 06/12/11 12:35 PM
Rocklin CA Short Sale Specialist | Mark Peek | Use a Chapter 7 Bankruptcy As A Negotiation Tool – Rocklin Short Sale Specialist, Mark Peek, knows Chapter 7 Bankruptcy is one of the scariest words a bank can hear. A Chapter 7 Bankruptcy filing can delay their ability to foreclose by 6 months, and sometimes as long as a year. The banks know that Chapter 7 will prevent them from pursuing you for any deficiency or loss. This can be especially powerful for difficult 2nd and 3rd liens. The only recourse a bank gets in a Chapter 7 Bankruptcy is any collateral they have on a … (0 comments)
rocklin short sale specialist: Short Sale Rocklin CA |Mark Peek| Provident Funding Short Sale Sold
- 05/27/11 09:54 AM
Short Sale Rocklin CA |Mark Peek| Provident Funding Short Sale Sold - Rocklin Short Sale Specialist, Mark Peek, closed another Rocklin Short Sale at 3200 Outlook Dr, Rocklin, CA 95765. The homeowner had two mortgages, one with Provident Funding. The second lien was a Safe Credit Union HELOC (Home Equity Line of Credit). Provident Funding approved the Short Sale at $225,000 and paid Safe Credit Union $3,000 to settle both liens. This Provident Funding Short Sale was approved without any seller contributions or promissory notes. The homeowner avoided foreclosure and can qualify to purchase another home in as little as 2 years. Considering a Rocklin Short Sale? Looking for a Rocklin Short Sale … (4 comments)
rocklin short sale specialist: Short Sale Specialist Rocklin CA |Mark Peek| Wells Fargo Short Sale Closed
- 05/22/11 02:34 AM
Short Sale Specialist Rocklin CA |Mark Peek| Wells Fargo Short Sale Closed - Rocklin Short Sale Specialist, Mark Peek, closed another Rocklin Short Sale at 6142 Frost Ridge Way, Rocklin, CA. The homeowner had a first mortgage that was paid in full with Bank Of America and a Wells Fargo HELOC second. Wells Fargo approved the HELOC (Home Equity Line of Credit) Short Sale at $400,000 and settled the lien. This Wells Fargo HELOC Short Sale was approved without any seller contributions or promissory notes. The homeowner avoided foreclosure and can qualify to purchase another home in as little as 2 years. More importantly, the seller was be released … (6 comments)
rocklin short sale specialist: Provident Funding Short Sale Specialist | Mark Peek | Rocklin CA Short Sale Approved
- 05/04/11 09:05 AM
Provident Funding Short Sale Specialist | Mark Peek | Rocklin CA Short Sale Approved - Rocklin Short Sale Specialist, Mark Peek, received another Short Sale Approval from Provident Funding for a Provident Funding Short Sale within 45 days. The homeowner has a $408,000 1st mortgage on the home and Provident Funding approved the Rocklin Short Sale at $225,000 and is paying the buyer's closing costs. They are also paying $3,000 to the 2nd loan on the property, which is a HELOC with Safe Credit Union. Safe Credit Union is settling for $3,000. This Rocklin Short Sale was approved without any seller contributions or promissory notes. The homeowner will be … (0 comments)
rocklin short sale specialist: Rocklin Short Sale Specialist |Mark Peek| Wells Fargo HELOC Short Sale Approved
- 04/23/11 07:05 AM
Rocklin Short Sale Specialist |Mark Peek| Wells Fargo HELOC Short Sale Approved - Rocklin Short Sale Expert, Mark Peek, received another Short Sale Approval for a Wells Fargo Bank HELOC. The homeowner had a first mortgage for$290,000 that will be paid in full with Bank Of America and a Wells Fargo HELOC with a $338,000 balance. Wells Fargo approved the HELOC (Home Equity Line of Credit) Short Sale at $400,000 and is settling the lien for $67,000. The seller previously filed for Chapter 7 Bankruptcy. The home was included in the Bankruptcy which allowed an automatic postponement of foreclosure. Once the home was included in the Bankruptcy, a Motion of … (0 comments)
rocklin short sale specialist: Rocklin Short Sale Specialist | Mark Peek | Chase Short Sale Negotiator Issue
- 03/23/11 03:16 AM
Rocklin Short Sale Specialist | Mark Peek | Chase Short Sale Negotiator Issue - Rocklin CA Short Sale Specialist, Mark Peek, received a question from an another agent: "I am in the middle of a very long negotiation on a Chase Bank Short Sale. The seller had me put a clause into the contract stating “upon approval of short sale by sellers’ lender, lenders, & or affiliates, client, or heirs will be released from any monetary shortages or deficiencies from said sale of stated property upon successful closing and transfer of title from that date and forevermore.” The short sale negotiator at … (1 comments)
rocklin short sale specialist: Bank of America Short Sale Specialist Rocklin CA | Mark Peek
- 03/18/11 05:16 AM
Bank of America Short Sale Specialist Rocklin CA | Mark Peek, - Mark Peek, has listed yet another Rocklin Short Sale at 6211 Goldeneye Ct. Rocklin, CA. 95765. An incredible opportunity for one lucky buyer. For those looking for that Special Home, you have just found it! This is an absolute must see! 5 Bedrooms, Courtyard Entry with Stone Faced Fireplace, a Built-in Grecian Style Solar Heated Pool, Custom Paint, Upgraded Carpet. A Large Kitchen with Pantry, Eat-in Bar, plus a Dining Nook. An Extra 3.5 car garage. Fantastic Rocklin Short Sale. Do you know there are 3 different ways to complete a Bank of … (2 comments)
rocklin short sale specialist: Rocklin Short Sale Specialist | Mark Peek | Rocklin Short Sales Net More Than Foreclosures
- 03/17/11 08:56 AM
Rocklin Short Sale Specialist | Mark Peek | Rocklin Short Sales Net More Than Foreclosures – People often wonder why their lender will release their debt in a Rocklin Short Sale. Most lenders don't like to release the debt. But they will because they know that it nets them more money. A home almost always nets more money as a short sale than if it had been foreclosed upon. The top picture on the right shows a home that it is good shape. Most short sales are being sold while the homeowner lives in the home. The homeowners are able to keep the house up, both inside and out. Now … (4 comments)
rocklin short sale specialist: Rocklin Short Sale Specialist - Use A Rocklin Short Sale To Reduce Your Monthly Payment
- 03/11/11 02:38 AM
Rocklin Short Sale Specialist - Use A Rocklin Short Sale To Reduce Your Monthly Payment – Many people who purchased Rocklin homes during the peak of the real estate market in 2005 and 2006, have now discovered that their home has depreciated greatly in the last couple years. In Rocklin, CA a home bought in 2005 or 2006 for $500,000 has an approximate monthly payment around $3,500. That same $500,000 home now sells for approximately $250,000. You can rent the same house or one that is bigger for approximately $2000 per month. That's a $1,500 a month savings! People want a monthly … (0 comments)
rocklin short sale specialist: Rocklin Short Sale Company | Mark Peek | The HUD-1 is Important in Rocklin Short Sales
- 03/09/11 01:25 PM
Rocklin Short Sale Company – A Rocklin Short Sale Specialist must fully understand the HUD-1. The HUD-1 is a report regulated by HUD (The Department of Housing & Urban Development). A HUD-1 breaks down all the projected closing costs so the lender can see what they will net. Most agents are familiar with a HUD-1. They see them at the closing of every home they sell. But, seeing a HUD-1 within the Rocklin Short Sale Process is much different than seeing it during a traditional closing. If the agent and the escrow officer incorrectly input information that helps create the HUD-1, then it puts the short sale transaction in jeopardy. If unexpected … (0 comments)
rocklin short sale specialist: Rocklin Short Sale Agent - The BPO Value Can Make or Break Your Short Sale | Mark Peek
- 03/08/11 12:55 PM
Rocklin Short Sale Agent – As an experienced Rocklin Short Sale Specialist, I can tell you there are two things you must understand if you are doing Rocklin Short Sales. They are BPO's and HUD-1's. Today I'll discuss BPO's. BPO stands for "Broker's Price Opinion." A BPO is what the short sale lender uses to determine the value of the property. It is an opinion of value from another real estate agent (Broker) who is not involved in the transaction. Lenders accept or reject short sale offers based on the BPO value. If the agent has given a value of 300k, then a short sale lender will be … (2 comments)
rocklin short sale specialist: Rocklin Short Sale Info and Facts - Average Homeowner in Foreclosure is 492 Days Delinquent
- 03/08/11 01:41 AM
Rocklin Short Sale Info and Facts – Rocklin Short Sale Agent, Mark Peek, has some interesting news on foreclosures. According to the Wall Street Journal [1], the average homeowner with a home in foreclosure hasn't made a payment in 492 days. What's even more shocking is that those homes are still in the foreclosure process. That means that a homeowner may live rent free for even longer than 492 days. How long could they potentially live rent free? In some states like Florida and New York, we estimate that they can live rent free for two years. I have even seen cases where … (0 comments)
rocklin short sale specialist: Rocklin Short Sale - Homeowner Takes on Bank And Wins!
- 03/08/11 01:25 AM
Rocklin Short Sale – According to the Philadelphia Inquirer [1], Patrick Rodgers of West Philadelphia was able to "file a foreclosure action against Wells Fargo. I bet there are a lot of homeowners facing foreclosure that would love to do the same thing. You work so hard to negotiate a reasonable loan modification in order to keep your home. But, no one at the bank seems to care. It seems the big banks live in a protective bubble. They can foreclose on paid off homes and face no consequences. If the average American did that, they would probably face jail time. … (2 comments)
rocklin short sale specialist: Rocklin Short Sale Specialist | Why A Rocklin Short Sale Makes Sense?
- 03/06/11 02:49 AM
Rocklin Short Sale Specialist | Why A Rocklin Short Sale Makes Sense?– Many Rocklin homeowners bought their home at the peak of the market in 2005. In the hardest hit areas, they paid $500,000 for homes that are selling for $250,000 (or even less.) Their Rocklin home is costing them $4,000 a month. (The total after paying property taxes and insurance.) Renters have moved into the neighborhood and are paying less than $2,000 to rent a comparable home. New home buyers are paying even less. Does this sound fair? Should these homeowners short sale their Rocklin homes and save over $2,000 a month? … (0 comments)
rocklin short sale specialist: Rocklin Short Sale Specialist - How to Pick the Right Offer on Your Rocklin Short Sale
- 03/02/11 11:25 AM
Rocklin Short Sale Specialist– As a short sale specialist in Rocklin, CA, I can tell you that many buyers are uneducated about the process and think they set the rules. That's simply not the case. You, the seller, sets the rules. After all, you still own the property. But, more importantly, you must set the rules for offers. If you don't then you dramatically reduce your odds of successfully completing a Rocklin Short Sale. Here is what you should consider before you take your home off the market. 1. You should only accept and work with one offer at a time. Accepting more than one … (0 comments)
Author Bio: Mark Peek | Rocklin Short Sale | Roseville Short Sale | Lincoln Short Sale | Short Sale Agent. Mark Peek specializes in helping sellers avoid foreclosure in Roseville, Rocklin, Lincoln, Granite Bay, Citrus Heights, Fair Oaks, Orangevale, Folsom, El Dorado Hills, Sacramento, and Surrounding areas.
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