Paul Nelson's (paulenelson) Blog

Bellevue WA – Short Sales can be frustrating. Ask anyone who has negotiated a short sale with a lender and they will tell you the process is tough. Here is a story that illustrates this point. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. You are ...

Bellevue WA – The Stop Foreclosure Institute is closing another short sale tomorrow. The sellers had a job transfer out of state. They were short selling an FHA loan with a second mortgage. The short sale was fairly simple because FHA's short sale guidelines. Click here to discover how other sell...

Bellevue WA – Some lenders are very stubborn about collecting what they feel they are “rightfully owed.” These lenders are usually a lender that you originally got the loan from. A good example is a credit union loan, or a small community bank. Click here to discover how other sellers successfull...

Bellevue WA – A home owner thinking of a short sale recently asked us why they should short sale versus just walking away and letting their lender foreclose on the home. We gave them the normal answer: “It’s much better for your credit.” That was the first thing that popped into our head. But, I ...

Bellevue WA – Wall Street Fat Cats say homeowners shouldn't walk away from upside down homes. Why? "If you do it, then everyone will start doing it", they say. "It isn't moral. People should own up to their commitments. People should be responsible. This is more than just a contract. It's what ho...

Bellevue WA – I recently talked to a homeowner in foreclosure. She had heard of the short sale option. But, someone had told her that short sales are tough. They told her, "Banks never accept short sale offers. You are wasting your time if you try one." As a result, she never researched her optio...

Bellevue WA – I read in the newspaper that a short sale will destroy the seller's credit. The article made it sound as though a short sale equaled doom for your credit. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. I wanted to clarify exactly how ...

Bellevue WA – The Stop Foreclosure Institute recently received a question from a homeowner facing foreclosure. I'll call him Dave to protect his identity. (Foreclosure is embarrassing and I don't want to put his name out there.) Click here to discover how other sellers successfully did a short sa...

Bellevue WA – Should you walk away or should you stay? Here is how to determine whether or not you should walk away from your home. Because of the decline in the nationwide housing market, I doubt that your home is worth what you paid for it. Click here to discover how other sellers successfully ...

Bellevue WA – There are many reasons to use a short sale to stop foreclosure. If you want to keep your home, then you need to attempt a loan modification. If you do not want to keep your home, then you need to consider your options. Click here to discover how other sellers successfully did a shor...