bellevue short sale: Bellevue Short Sales: How One Agent Beat The Odds For Short Sale Success - 03/06/13 04:25 AM
Bellevue WA – Sometimes it seems like short sales are tough. “Don’t try to short sale your house. Short Sales never go thru”, people tell you.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
That isn’t true. Here is how one agent beat the odds.
A member of the Stop Foreclosure Institute told me about a short sale he recently worked on. Here is the story from the member.
“I had a short sale with a large national lender. The loan was owned by Fannie Mae, not the lender. We had an over zealous … (0 comments)

bellevue short sale: Another Example Of Bellevue Short Sale Lenders Attempting To Abuse Their Power - 03/06/13 04:19 AM
Bellevue WA – The Stop Foreclosure Institute recently received a question from Durry. Here was Durry’s Question.
“We have American Home Mortgage Servicing, a loan processor for a Mortgage held by Deutche Bank, adding a 1% “processing fee” that ONLY the buyer can pay at closing.
This was never revealed until we received the short sale approval letter. The buyer is upset.” Durry.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here was our answer to Durry’s Question. Yes, the buyer is upset. Buyers think they are in control in today’s market.
They can’t see … (0 comments)

bellevue short sale: Bellevue Short Sales: A Little Know Fact The Big Banks Won’t Tell You - 03/06/13 04:12 AM
Bellevue WA – Here is a shocking fact that most of the American Public doesn’t know. Most mortgages are not owned by banks.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
In addition, most of the huge losses on bad mortgages was not lost by the banks themselves. Instead, the biggest loser was Uncle Sam, thru the takeover of Fannie Mae and Freddie Mac.
Most mortgages are sold after they are made. We estimate that around 75-80% of all mortgages were sold before the housing crisis.
This means that the large lenders didn’t take … (0 comments)

bellevue short sale: Bellevue Short Sales: This Short Sale Negotiator Isn’t Doing His Job - 03/06/13 04:05 AM
Bellevue WA – Here is a question that the Stop Foreclosure Institute recently received. “I am in the middle of a very long negotiation with Chase.
The seller had me to put a clause into the contract stating “upon approval of short sale by seller’s 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.”
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
The short sale negotiator at the … (0 comments)

bellevue short sale: Two More Examples of Big Bank Negligence on Bellevue Short Sales - 03/06/13 03:58 AM
Bellevue WA – Earlier I gave you two specific examples of big bank’s negligence causing a loan owner to lose money. Here are two more.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Example #3: Not following up on foreclosures properly. I have seen countless examples of servicers hiring an attorney to foreclose on a house. The attorney files the paperwork.
Then, the foreclosure case goes into purgatory. Nothing happens for 6 months, 12 months, 18 months, and even up to 2 years.
I have seen this happen on more than one property. And no, … (0 comments)

bellevue short sale: Two Specific Examples of Big Bank Negligence on Bellevue Short Sales - 03/06/13 03:52 AM
Bellevue WA – Here are two specific examples of big bank’s negligence causing a loan owner to lose money.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Example #1: Not giving buyers an answer on a short sale within one week. Home buyers don’t like to wait 3-6 months for an answer on a short sale.
This fact causes many buyers to shy away from short sales, thereby causing short sales to sell for less.
Lenders should help the loan owners recoup as much money as possible from short sales. To do this, they make … (0 comments)

bellevue short sale: Bellevue Short Sales: Even Billionaires Are Facing Foreclosure - 03/06/13 03:48 AM
Bellevue WA – This is good news or bad news, depending on how you look at it. Here is the good news.
If you are a little guy having financial problems, then you are not alone. Even Billionaires are being foreclosed on.
One billionaire real estate developer in Florida had several projects foreclosed on. Another very well known real estate developer is having to re-negotiate mortgages on his investment properties.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Even a woman who was married to a man who was the richest man in the … (0 comments)

bellevue short sale: Bellevue Short Sale Question: Does It Make Sense To Pay My Credit Cards If A Short Sale Will Harm My Credit Anyway? - 03/05/13 06:02 AM
Bellevue WA – The Stop Foreclosure Institute recently received a question from Paul. Here is Paul’s Question.
“I am selling my house as a short sale. I am behind on the mortgage payments. Do you think I should still pay my credit cards?” Paul.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here is our answer. It all depends on what is important to you. Can you afford your mortgage payment if you stopped paying the credit cards?
If the answer is yes and you don’t want to move, then I would recommend that you … (0 comments)

bellevue short sale: How Does A Bellevue Short Sale Or Loan Modification Affect My Credit Score? - 03/05/13 05:56 AM
Bellevue WA – How do foreclosures, loan modifications or short sales affect a credit score? Your credit score will be affected by late mortgage payments and a short sale.
However, there are 2 things that are considered horrible on your credit report. Those 2 are items are foreclosure and bankruptcy.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
A foreclosure or bankruptcy will almost immediately lower a credit score by around 100 to 120 points.
(The number is not hard and fast – it all depends upon what the score was before the foreclosure, and … (0 comments)

bellevue short sale: Bellevue Short Sale Question: The File Is Going To The Investor? - 03/05/13 03:35 AM
Bellevue WA – The Stop Foreclosure recently received a question from Georgia. Here was her question.
” When the bank says the file should be going to an investor soon what does that mean? Georgia.”
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here is the answer. It means that whoever ultimately owns the loan will make the decision. For example, you might be negotiating the short sale with Wells Fargo.
However Wells Fargo may not own the loan. (Around 80% of all the loans they service are owned by someone else.) Wells Fargo will … (1 comments)

bellevue short sale: Another Sad Example Of Lender Incompetence On Bellevue Short Sales - 03/05/13 03:29 AM
Bellevue WA – We received the following email a little while ago from another agent that does short sales.
It illustrates how the current short sale guidelines hurt the housing market and homeowners short selling their house.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
The following e-mail shows you why it is important that you have an experienced short sale agent help you.Here is the email:
“I have a short sale listing with a large national lender. I have been waiting for an answer since September. I finally received an answer last week … (0 comments)

bellevue short sale: Can Banks Get In Trouble For Taking Too Long To Process A Bellevue Short Sale File? - 03/05/13 02:32 AM
Bellevue WA – We received a lot of feedback from yesterday’s post.
One agent said, “You obviously don’t know what you are talking about. Bank X won’t give us a response on the file and we have been waiting 5 months for an answer.
How dare you suggest that I am incompetent because they haven’t replied?” (The bank was a large national bank whose name I changed for this post.)
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
First off, we are not saying that all agents are incompetent. However, we do see some … (1 comments)

bellevue short sale: Strategic Default Or Bellevue Short Sale. Which Is Better For You? - 09/28/12 03:43 AM
Bellevue WA – If you are upside down, then you might be tempted to walk away. You'll mail your keys to the lender and move out. Before you move out, I have some important information to tell you. You should stay in the house for as long as possible. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. In fact, the average length of time you can live for free is 461 days. That number is a statistic I've seen lots of people throw around. I just tried to Google the official source, but it … (0 comments)

bellevue short sale: Bellevue Short Sales: Don't Stress Out Over Financial Problems - 09/28/12 03:30 AM
Bellevue WA – If you are in financial trouble, then I'm sure you're worried. Here are a few things I see people worry about that aren't as bad as they think. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Financial Worry #1: We could be forced to move out of our house at moment's notice. If you own your house, then I have some good news. Most lenders are taking 6-12 months to file foreclosure. The debt collectors don't always tell you the truth. Many get paid bonuses based on how much they collect. … (0 comments)

bellevue short sale: Thinking About Short Selling Your Bellevue Home, But Can't Pay Your Past Homeowner's Association Dues? - 09/28/12 03:25 AM
Bellevue WA – Many people don't think they are eligible for a short sale because they have unpaid homeowner's association dues. Don't worry about paying them yourself. In most cases, the association dues will be paid by your lender. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. A homeowner's association is a very small percentage of the overall sales price. Lenders know that a short sale will net them substantially more money than a foreclosure. Here is an example of this. A house for sale as a short sales received a $320,000 short sale … (0 comments)

bellevue short sale: 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.
(0 comments)

bellevue short sale: A Common Bellevue Short Sale Myth: I Can't Short Sell My Home Because I Don't Have Any Money To Pay The Realtor - 06/19/12 06:46 AM
Bellevue WA – Most of the short sale sellers that we help are selling this home because of financial problems. They can't afford the payments and sell their home to avoid foreclosure.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Because of this I am very familiar with helping my customers who have financial problems. Many of them are struggling to buy groceries, keep the power turned on, and pay for gas to get to work.
They are struggling to pay for the necessities just to survive and feed their family. In most cases … (0 comments)

bellevue short sale: Do Banks Want To Do Bellevue Short Sales? - 06/06/12 12:06 AM
Bellevue WA – The Stop Foreclosure Institute recently received an email from Elaina. Here is what she had to say. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. "Hi, I am a Real Estate Agent. You have some good information on short sales. But, is it written assuming that banks actually want to do short sales. I have worked on a particular short sale with a large national bank. We started on it seven months ago. They sent out an appraiser a couple of months ago. Then, they said they were transferring the file … (0 comments)

bellevue short sale: 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: Gorgeous 5650 sq ft Estate Home on 1.32 Acres - 05/31/12 01:43 AM
Gorgeous 5650 sq ft Estate Home on 1.32 Acres … (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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