Paul Nelson's (paulenelson) Blog

Bellevue WA – Short Sales can be frustrating. Ask anyone who has negotiated a short sale with a lender and they will tell you the process is tough. Here is a story that illustrates this point. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. You are ...

Bellevue WA – Short Sales and foreclosures have a big impact on home values. But, how they affect them varies dramatically. Every short sale helps stabilize the housing market. The reason is because short sales sell for much more than a foreclosed property does. Most short sales have a homeowner ...

Bellevue WA – Bear Stearns was a survivor. It survived the Great Depression without laying off any employees. It survived World War II, and 9/11. What killed it off during a time of peace and relative stability? Click here to discover how other sellers successfully did a short sale and avoided fo...

Bellevue WA – Convincing a lender to approve a short sale isn’t that difficult when you know the guidelines they are forced to follow. I have mentioned it elsewhere on this blog, but I will mention it again. Around 80% of all loans held by large national lenders (such a Bank of America or Wells F...

Bellevue WA – It is very stressful to be upside down and facing foreclosure. You are worrying about everything. You find yourself thinking, “When is the bank going to kick me out? “How will I pay back that huge debt?” “When will I ever be able to stop worrying about money?” “I remember when I did...

Bellevue WA – There is a debate among short sale realtors on how to handle offers on short sales. Some realtors think you should accept only one offer on a short sale and then push that offer thru with the lender. Another group thinks an agent should keep soliciting offers until the lender approv...