foreclosure: Bellevue Short Sales: How To Negotiate So You Can Short Sale With No Deficiency
- 03/15/13 03:13 AM
Bellevue WA – If your loan has Private Mortgage Insurance, also known as PMI, then there is a high likelihood that they will request that you sign a promissory note. Today’s blog post talks about how to convince the lender to waive it. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. PMI companies are notorious for asking for promissory notes. The reason they ask for them so much is because there is no risk in doing so. If the home is foreclosed upon, then they will have to pay a claim for the loss. … (0 comments)
foreclosure: 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)
foreclosure: 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)
foreclosure: A Common Bellevue Foreclosure Myth: I Can't Short Sell Because The Bank Already Foreclosed On My Home
- 07/10/12 05:00 AM
ellevue WA – Many homeowners do not understand the foreclosure process and how it works. A recent story I heard illustrates this. A homeowner’s lender told them that a foreclosure auction date had been scheduled for their home and that they should move out. The homeowners moved out a few weeks later. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Three years later they notified of a lawsuit against them. Someone had tripped on their sidewalk and hurt themselves. They were suing the homeowner because they were still the owner of the home. “You … (0 comments)
foreclosure: A Common Bellevue Short Sale Myth: Negotiations With The Bank Are Adversarial
- 07/02/12 02:56 AM
Bellevue WA – Lenders are misunderstood when it comes to a short sale. Some people think that lenders prefer a foreclosure over a short sale. This is not true at all. Lenders actually lose out when they foreclose on a house. Remember, your lender prefers the option that will net them the most money possible. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. They prefer a win-win situation a short sale offers. The lender knows that they are losing money and expect to suffer a lost. They just want to minimize that loss as … (0 comments)
foreclosure: How A Bellevue Short Sale Works With Bank of America
- 06/26/12 02:52 AM
Bellevue WA – Bank of America used to be very difficult to work with when people were interested in short selling their homes. This has changed somewhat recently. Bank of America developed a new system which makes the short sale process faster and easier. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The introduction of the new system, See Entire Story … (1 comments)
foreclosure: How Much Does It Cost To Short Sell My Bellevue Home?
- 06/26/12 01:59 AM
Bellevue WA – A short sale is a good way to stop worrying about the paying a mortgage you can no longer afford because of a financial hardship. Before you begin with a short sale you might want to understand the how the process works, the legal requirements, and how much it will cost you to short sell. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The simple and plain answer to this is that a short sale shouldn’t cost you anything. If it does, then it should be very little. In most cases, … (0 comments)
foreclosure: A Few Mistakes To Avoid When Short Selling Your Bellevue Home
- 06/22/12 05:13 AM
Bellevue WA – Short sales are confusing. Many people do not understand the necessary steps to successfully short sell a home. The first priority is to find an agent with prior short sale experience. The more experience the better. They will know the necessary steps to help you short sale. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Unfortunately, many agents do not have much short sale experience. If you want to successfully short sale your home, then avoid hiring an agent who is not experienced with short sales. Another mistake to avoid is … (0 comments)
foreclosure: Are Buyers Interested In Buying A Bellevue Short Sale Property?
- 06/20/12 05:34 AM
Bellevue WA – Are you thinking about buying a short sale? Many people would gasp, or look at you sympathetically, if you told them you were buying a short sale. Some of them would probably warn you about the drawbacks of buying a short sale – one of which would be the waiting period for the short sale to be approved by the mortgage holder. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. There is usually an agreement between the home seller and their mortgage holder whereby the mortgage holder agrees to accept the … (0 comments)
foreclosure: Another Reason You Must Hire An Experienced Bellevue Short Sale Realtor
- 06/19/12 07:28 AM
Bellevue WA – The way that most lenders handle short sales is very weird. They have a strange policy of demanding that all home buyers close on their home purchase within 30 days of them approving the short sale. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The sad truth is that you can only push...For Entire Story click here … (0 comments)
foreclosure: Can I Short Sell My Bellevue Home If It Needs Repairs?
- 06/19/12 07:02 AM
Bellevue WA – Yes, there is absolutely nothing stopping you from selling your home even if it requires repairs. Some realtors will make an issue out of leaking pipes or other problems. The truth is that the short sale lender doesn’t make a big deal because they know that they have to sell the home. They will either sell it as a short sale, or after a foreclosure. One way or another it is selling. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Just because you can sell your home when it requires repairs … (1 comments)
foreclosure: 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)
foreclosure: 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)
foreclosure: U.S. Housing Market is in a Double-Dip Recession
- 05/17/11 09:39 AM
U.S. Housing Market is in a Double-Dip Recession The double-dip recession in U.S. housing that I warned about last year has finally come to pass. Last Thursday (May 5th) Clear Capital, a property valuation outsourcing firm, released a report declaring that the U.S. housing market has officially entered a double-dip recession. The average national home price is now 0.7% below the previous low set in March 2009 during the depths of the global financial crisis. The report’s main conclusions are as follows: National quarterly home prices changed -4.9%; while year-over-year national price changes reached -5.0%. National home prices have fallen 11.5% over the previous nine-month period, … (1 comments)
foreclosure: It's a good idea to buy a foreclosure. Here's how
- 04/07/11 11:44 AM
(MONEY Magazine) Shopping for a new home on Long Island after the birth of their daughter, Chris and Diane Moore fell in love with a 1920s Mediterranean-style home with a storied history. Built by Columbia Pictures to house visiting stars like Charlie Chaplin, the five-bedroom home in Baldwin, N.Y., has a bell system for servants and a sweeping indoor balcony. The home was sold as a short sale, in which a lender must agree to accept less than what's owed on a property. And as often happens with such deals, the buying process soon turned into a horror show: For complete … (0 comments)
foreclosure: Foreclosure... The American Family Silent Killer
- 04/04/11 01:54 PM
Foreclosure…The Silent Killer One Family’s Sad Story…… Do you know a victim of foreclosure. They are in good company, I know. They are in a steadily growing group of people who are silently being torn apart. Maybe not to the naked eye, and maybe unbeknown to the one who was foreclosed on, but the ramifications of losing one’s home is wrecking havoc in the lives and families of many Americans, and I dare say families across the entire world. Click Here For Full Story...
According to the credit reporting company Experian, a short sale will almost always lower your credit score because the lender reports the mortgage as "settled" and writes the remainder off as a loss. The only exception is if the lender reports the mortgage as "paid" rather than as a short sale; however, this rarely happens. Click Here for Complete Story
tags Bellevue Foreclosure,home prices, Bellevue real estate, real estate news, short sale,foreclosure,foreclosure help,foreclosure prevention, how to stop foreclosure, paul nelson, short sale, short sale specialist, short sale vs foreclosure, what is a short sale?Paul Nelson, Foreclosure and your credit
… (0 comments)
foreclosure: 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/
… (3 comments)
foreclosure: We are headed for a double-dip housing recession
- 03/29/11 11:56 AM
The Seattle area and the country as a whole appear to be headed into a double-dip housing recession, according to a new report. The price of a typical home in King, Pierce and Snohomish counties declined 2.4 percent in January from December and 6.7 percent from January 2010, Standard & Poor’s S&P/Case-Shiller Home Price Indices reported Tuesday. That was greater than the declines of 1 percent from December and 3.1 percent from a year earlier across all 20 cities that S&P tracks. Only one area had a larger monthly drop (Minneapolis, down 3.4 percent), while seven had larger annual declines. Seattle-area … (1 comments)
Bellevue WA – If your loan has Private Mortgage Insurance, also known as PMI, then there is a high likelihood that they will request that you sign a promissory note.
;)
;)
