short sale specialist: Bellevue Short Sales: How To Tell If A Debt Collector Is Breaking The Law - 03/27/13 09:21 AM
Bellevue WA – I’ve heard of debt collectors contacting people’s family and relatives trying to reach them for “an important business matter.”
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
When they tell the relative their business name, then it becomes obvious what is happening. They do this as an attempt to embarrass a debtor into paying them.
Here is what most debtors do not know. This is actually a violation of a Federal Law called The Fair Debt Collection Practices Act, provided the debt collector has your information already.
I have seen this happen … (0 comments)

short sale specialist: Bellevue Short Sales: Why It Is Cheaper To Short Sale And Rent Versus Staying? - 03/06/13 04:41 AM
Bellevue WA – Many people are shocked that it is often cheaper to short sale and rent that staying in your home with a loan modification.
They find it hard to believe that they can rent a comparable or even nicer home for less than their mortgage. Here are the two factors that make it possible.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Many homeowners bought homes for more than they are selling for today. A perfect example is a homeowner that paid $450,000 for a home. His mortgage payment was around $3,200 … (0 comments)

short sale specialist: Thinking About Short Selling Your Upside Down Bellevue Home? Here Is Why A Short Sale Causes Your Home To Sell For More - 03/06/13 04:34 AM
Bellevue WA – People often wonder why their lender will release their debt in a short sale.
Most lenders don’t like to release the debt. But, they agree to do it because they know that policy nets them more money.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
They net more because a home usually sells for more money as a short sale versus after it has been foreclosed upon. Let’s go thru a few examples.

See the home in the picture above? You can see that it is good shape. Most short sales … (0 comments)

short sale specialist: 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)

short sale specialist: 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)

short sale specialist: 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)

short sale specialist: 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)

short sale specialist: Why Do Some People Worship Perfect Credit During A Bellevue Short Sale? - 03/05/13 06:08 AM
Bellevue WA – It always amazes me how some people will do anything to have perfect credit. They would rather go hungry than risk harming their prefect credit rating.
A good example is a guy I will call Seth. Seth has perfect credit. He has worked to keep perfect credit for the last 12 years.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Seth has a several credit cards with high balances. He ran the balances up when the economy was strong.
Today, he can barely afford to make the minimum monthly payments. However, … (1 comments)

short sale specialist: 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)

short sale specialist: 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)

short sale specialist: 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)

short sale specialist: A Common Bellevue Short Sale Myth: Banks Don't Approve Short Sales Because They Don't Want To Admit Their Losses - 09/20/12 04:41 AM
Bellevue WA – I’ve heard the following myth from a lot of people. I’ve even seen this myth publicized in newspaper articles and quoted by so called financial experts.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here is what people tell me.
“The banks can’t afford to approve loan modifications because they don’t want to take the losses on their books that fast.
Also, their investors may not approve the short sale, because See Entire Post
(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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