bellevue short sale agent: Bellevue Short Sale Question: Why Do I Have To Short Sale If I’m Willing To Repay The Debt? - 05/08/13 02:37 AM
Bellevue WA – The Stop Foreclosure Institute recently received a question from another agent. Their seller had a misconception about what to do when selling an upside down home.
Here is the question we received: “Do you have a number to contact Fannie Mae? The bank will not allow the seller to not do a short sale and agree to repay the loss on a promissory note.
The seller wants to talk to the owner of the loan, which is Fannie Mae. My seller just wants to sell and move on with her life. Janet.”
Click here to discover how other sellers … (0 comments)

bellevue short sale agent: Bellevue Short Sales: Why A Second Mortgage Is Willing To Negotiate On A Short Sale - 05/06/13 07:34 AM
Bellevue WA – After yesterday’s blog post, I am sure that some people were wondering why a Second Mortgage or HELOC gets zero from a foreclosure. Let me explain why.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
When a property is foreclosed upon, it is auctioned on the courthouse steps.Let me give you a scenario where a homeowner owes the following on the property.
First Mortgage is owed $200,000.
Second Mortgage is owed $40,000.
There is a HELOC (Home Equity Line of Credit) that is owed $100,000. (The home increased in value to $400,000 and a lender … (0 comments)

bellevue short sale agent: Who Actually Makes The Decision On Approving Or Denying A Bellevue Short Sale? - 09/28/12 03:36 AM
Bellevue WA – Is your loan with a large lender such as Wells Fargo or Bank of America? They usually don't make the final decision on your short sale. Here is why. In most cases, the lenders are working as a servicer. They are handling the loan for a third party (the actual owner of the loan.) Click here to discover how other sellers successfully did a short sale and avoided foreclosure. This third party owner can be a corporation, a pension fund, a wall street firm, or split up between thousands of different people. Or the owner can be a … (0 comments)

bellevue short sale agent: Bellevue Short Sale Question: Accept Only One Offer At A Time Or Multiple Offers? - 09/05/12 04:25 AM
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 approves one.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
There are pros and cons for each group’s idea. I personally think that a middle ground is best. If you submit multiple offers, then the short sale negotiator may get confused.
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bellevue short sale agent: Bellevue Short Sales: How Can I Get An Answer On My Offer? - 06/05/12 11:59 PM
Bellevue WA – The Stop Foreclosure Institute recently received a question from Brad. Here was his question. "I made an offer to buy a short sale about 4 months ago. I have heard nothing except that they are going to re-submit the short sale paperwork to the lender. I am very frustrated. Is there anything I can do on my end to try to push the process along, or is it all up to the agent? Please help! Brad." Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here was our answer to Brad's Question. … (0 comments)

bellevue short sale agent: Avoid Getting Into A Jam With Second Mortgage On Bellevue Short Sales - 05/31/12 01:33 AM
Bellevue WA – We received a question from another agent on short sale negotiations. Here was their email.
"I am having a problem on a short sale and would like to know how to avoid it next time. The first mortgage gave me a price and a net they would allow.
The home sold for enough money to get them the price and their minimum net they said they had to have. We put together the closing statement with the first receiving what they wanted and the second mortgage receiving $9,600.
The second had asked for $15,000 and are saying that … (0 comments)

 
Paul Nelson, Paul Nelson (Homes Northwest)

Paul Nelson

Paul Nelson

Bellevue, WA

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Homes Northwest

Address: 800 Bellevue Way NE, Suite 400, Bellevue, Washington, 98004

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