Neil Morrison's (mrecgroup) Blog

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Real Estate Agent - MREC Group Inc. - Meridian Capital
RECENT BLOG POSTS
Sacramento CA – The Stop Foreclosure Institute recently received a question from Tonia about short sales. Apparently Tonia has been mislead by her lender.Here is Tonia's question about short sales. "I've been trying to sell my house for over a year now and have since remarried and moved into my h...
10/12/2011
Sacramento CA - We recently received a question from a homeowner facing foreclosure. I'll call him Peter to protect his identity.(Foreclosure is embarrassing and I don't want to put his name out there.) Peter asked, "I am six months behind on my mortgage payments. I just got the tax bill for 2010...
10/07/2011
Sacramento CA – Some sellers think that if they sell their house for more money, then they are less likely to have a deficiency. Let me explain why that is not true.Another realtor recently told us about a short sale they were involved in. This realtor was representing the buyers purchasing the h...
10/07/2011
Sacramento CA – We recently received a question from another agent. Here was the question.“I have a short sale with two offers. The appraisal was close to the sales price and the inspection was good.However, the bank calls me and says, “Sorry, you can’t short sale the house because this is a reco...
10/07/2011
Sacramento CA – The biggest threat to your short sale is a high appraisal. Which is why your agent needs to make sure the appraisal is accurate.Here is the process your agent needs to follow to ensure an accurate appraisal.The person doing the appraisal doesn’t understand why the home is selling ...
10/06/2011
Sacramento CA – A lot of homeowners want to short sale and walk away from the upside down debt. They don’t feel that it is their fault the housing market crashed.We get the following questions a lot.“If I short sale, then how likely is it that my lender will sue me to repay them?”“Will my lender ...
10/05/2011
Sacramento CA – I recently received an e-mail from a past short sale seller. We had helped him short sale his house.Here is his e-mail.“Hi, I hope all is well. I am getting back to you on my credit scores. My score went from 663 in Feb. to 770 in June.I know this is counter intuitive but must be ...
10/05/2011
Sacramento CA – I recently received a question from Amit. Here was his question.“Why does my lender need copies of my last 2 pay stubs? Are they hoping to garnish my paycheck? I am concerned that if I give it to them, then they will use it to garnish my paycheck.They have said if they don’t get t...
09/29/2011
Sacramento CA – If you have a foreclosure or short sale on your credit report, then it will lower your credit score quickly. In the near term, the decrease will be much more than it will be a few months down the road when it starts to inch its way back up. The credit reporting bureaus weigh the m...
09/29/2011
Sacramento CA – The next step in your path to an improved credit score is to do what they say on the shampoo bottles: Rinse and Repeat.In the Rinse and Repeat phase, you just keep working their system.Here’s what I mean: You send in a dispute, maybe disputing the date that the account was opened ...
09/23/2011
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Neil Morrison

REO & Short Sale Specialist - (916)991-3741
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