bank of america: How Do You Handle Multiple Offers On A Bellevue Short Sale? - 05/08/13 02:32 AM
Bellevue WA – The Stop Foreclosure Institute recently received a question from another agent. Here was her question.
“I have a short sale listed. At what time in the short sale process do you stop accepting additional offers for submittal to the lender? If you accept another offer after you’ve already submitted one to the lender, does it reset your timeline to the beginning?
Do you just put them in backup position? What about the poor buyer whose offer was submitted and has already been waiting for weeks for lender approval?
Do you allow them to match the higher offer? You guys have … (0 comments)

bank of america: Thinking About A Strategic Default in Bellevue? Consider A Different Alternative - 03/28/13 04:56 AM
Bellevue WA – Banks must hate Strategic Defaults. A person who walks away from hundreds of thousands of dollars in debt gets on their nerves.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
It must bug them so bad that Fair Isaac, the founder of the FICO score, came out with a program that tracks strategic defaults. Here is the story according to Inman News:
“Article Title: FICO to walkaways: You’re on our screen
Fair Isaac, developer of the ubiquitous FICO score, has a new warning for homeowners plotting a strategic default or walk … (0 comments)

bank of america: How Do I Remove A Surprise Lien On A Bellevue Short Sale? - 03/21/13 01:25 AM
Bellevue WA – The Stop Foreclosure Institute recently received a question from James. Here is his question.
“Do you have any suggestions on a surprise lien from a Water Softener company? We were able to get Bank of America to approve the short sale without paying the lien.
It could take another 60 days for Bank of America to agree to pay the lien. The buyers don’t want to wait that long. Is there anything we can do? James.”
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here is the answer to James’s Question.
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bank of america: Bank Of America Home Loan Assistance To Prevent Foreclosures–Homeowners Seeking Aid From Trial HAMP Plans - 04/25/11 05:05 PM

Bank Of America Home Loan Assistance To Prevent Foreclosures–Homeowners Seeking Aid From Trial HAMP Plans  
Bank of America home loan assistance plans available to help homeowners prevent foreclosures have, in the modification program, seen some issues when it comes to trial modifications, as there are numerous homeowners who have seen problems related to getting into the trial modification plan or sustaining their payment within the modification trial program. However, there are some individuals who feel that the number of trial modifications started, overall, have been quite high compared to the amount of active trials or even permanent modifications that … (0 comments)

bank of america: Bank of America, Wells Fargo and Chase negotiate mortgage deal - 03/31/11 06:13 AM
Bank of America, Wells Fargo and Chase negotiate mortgage deal Officials from Bank of America, Wells Fargo, JPMorgan Chase, Ally Financial and Citi are negotiating with state attorneys general in Washington, D.C., today on foreclosure practices. Clink link to read entire article http://washortsale.info/2011/03/bofa-wells-chase-negotiate-mortgage-deal/

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Paul Nelson, Paul Nelson (Homes Northwest)

Paul Nelson

Paul Nelson

Bellevue, WA

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