Montgomery County MD – Most state governments have determined that the practice of offering consulting services to those with delinquent mortgages presents an opportunity for abuse. You don’t need to pay any consulting fees to get the help that you need to resolve your unpaid loan. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. You have a chance to work with your mortgage company to determine what options may be available to resolve your unpaid mortgage. … (0 comments)
Montgomery County MD – Patience, persistence, and a lot of experience is required to convince a lender to approve a short sale. It is a process with many steps. Do “NOT” allow a buyer to work directly with your lender! Don’t let the buyer speak for you. You will be required to provide so much financial information and documentation to your lender. This is not something to let your buyer discuss with your mortgage holder. If you do, you will have no control over … (0 comments)
Montgomery County MD – Mistake #1: Deeding your property to a third party without confirming that your debt has been paid off. Deeding your house to someone else is one way to avoid foreclosure. However, there are some things you need to do before you make a decision to deed your house to someone else in order to stop foreclosure on your home. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. You will need to consult with an independent … (0 comments)
Montgomery County MD – 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 sellers successfully did a short sale and avoided foreclosure. Here was how these sellers benefited from the short sale. Benefit #1: The sellers were able to walk away with the debt wiped out … (1 comments)
montgom: Montgomery County Short Sales: Who is in charge during a short sale?
- 12/30/11 03:27 AM
Montgomery County Short Sales: Who is in charge during a short sale? Montgomery County MD – Many home buyers think that the short sale lender is in charge during a short sale. Nothing could be further from the truth. The short sale lender can only veto short sale offers. They can’t put the property up for sale or decide who to sell it to. Only the home owner can do that. Why is that? Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Until the lender forecloses on the home the … (1 comments)
Montgomery County MD – 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 knew there are more benefits to a home owner than simply better credit. So I put together the entire list and here they are. Click here to discover how other sellers … (0 comments)
Montgomery County MD – If you are selling your home, then ask the buyer to write a letter about why they want to purchase the home. If you are a buyer, then write that letter. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The listing agent will submit that letter along with the short sale paperwork. With a little luck that letter will help “grease the wheels” and cause the short sale to be approved faster. … (0 comments)
Montgomery County MD – We often get asked if a short sale is even worth the effort. “Do I need to have my short sale “Approved” by my lender before I put my home on the market?” one seller asked us. “When I called my lender they wouldn’t talk to me about my short sale. I am concerned that they might do that when I finally sell the property and I’ll never get the short sale approved.” Click here to … (0 comments)
Montgomery County MD – We got a short sale approved yesterday. This file was a fiasco from day one. Despite the incompetence we suffered, we got the file approved thru persistent follow up. The first lender handling the file was incredibly incompetent. Their short fax number didn't work. We mailed the short sale package to them and they lost it. We mailed it again and they finally got it. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. … (0 comments)
Montgomery County MD – We have seen many instances where a short sale that should have been approved was denied. If your short sale realtor doesn't know what they are doing, then you might get stuck with a promissory note that you don't deserve. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here is a good example of this happening. A real estate agent had a short sale with one of the largest lenders in America. The … (0 comments)
Montgomery County MD – Yes, short sales actually help preserve home values in a neighborhood. Here is why. Most people short sell their home while they are still living in the home. They are maintaining the home, mowing the yard, keeping the air conditioning on, etc. Most bank owned properties are empty for 3-6 months, if not longer. No one maintains the home during that time period. Empty homes are easy targets for vandalism and thieves. Click here to discover how other sellers successfully did a … (1 comments)
Montgomery County MD – The right agent can make the difference between success and failure on your short sale. You risk losing a lot when your agent doesn’t understand short sales. The short sale can be denied and the home foreclosed. Then you have to wait five years to buy another house. Or, the lender may ask you to repay the loss. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here are the questions I would ask … (1 comments)
Montgomery County MD – If you caught the show 60 Minutes on December 18th you may have been brought up to date with how dim the housing situation may be in many areas. It’s not so much that houses aren’t necessarily selling or that buyers aren’t looking; but instead they brought to our attention an alarming statistic. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Twenty-Five percent of American homeowners today owe more on … (0 comments)
Montgomery County MD – Selling a home is part financial, part logic, and a lot of emotion. Everyone knows that feeling when you walk into the home that’s “the one”; you get that breath taking feeling, the butterflies in the belly and that instant view of your family sitting on that couch in front of the fireplace on a cool fall evening. Those are all emotional aspects and selling a home is definitely based upon the emotions of the buyer. Click here to discover … (0 comments)
montgom: Montgomery County Short Sales: Should I Be Embarrassed by Doing a Short Sale
- 12/20/11 05:10 AM
Montgomery County Short Sales: Should I Be Embarrassed by Doing a Short Sale Montgomery County MD – Short Sales are a situation that can often cause emotional turmoil as well as financial. It’s amazing how quick people are to judge others but times may be changing when it comes to today’s financial situations. We’re all feeling tough times. We all have seen local businesses close, people we know losing jobs they’ve had for years, and seen how the cost of living increases while the income we’re making doesn’t seem to be keeping the same pace. Click here to discover … (0 comments)
Montgomery County MD – No matter what the circumstances are when you’re selling your home, you want to get top dollar for it. For the potential owner it’s like their birthday, or Christmas, or Hanukkah. So, why not GIFT WRAP your home for them? As silly as that seems that’s exactly what you are doing when you are putting your home up for sale. You are presenting a large gift to the potential owners and one of the first things to attract their attention is the … (0 comments)
Montgomery County MD - Maybe this is a pet peeve of mine. Or maybe it just seems ridiculous that someone would call a debtor over and over again asking to be paid, when they have already been told the debtor doesn't have the money to pay them. Or maybe it is the fact that I see countless examples of debt collectors breaking the Fair Debt Collection Practices Act. But, no one seems to care that they are breaking the law. Click here … (0 comments)
Montgomery County MD – The Stop Foreclosure Institute recently received a question from James. Here is his question. "I am upside down by $300,000 on my home. I want to move, but I am concerned about having that $300,000 debt chasing me for the rest of my life. A friend mentioned I could get it wiped out in bankruptcy. So, here is my question. Should I short sale and then declare bankruptcy. Or just declare bankruptcy and get rid of the house in the bankruptcy? … (1 comments)
montgom: How Can a Montgomery County Realtor Help Me When I’m Facing Foreclosure?
- 12/09/11 05:59 AM
How Can a Montgomery County Realtor Help Me When I’m Facing Foreclosure? Montgomery County MD – While most people think of realtors as a person you turn to only when you’re buying or selling a home; many don’t realize that a realtor’s expertise in the housing industry can help you in other ways also. If you are facing possible foreclosure, turning to a realtor for help may be one of the smartest options to choose. While realtors can’t give legal advice about handling foreclosures, they can show you many options that are available to you as both a home owner facing … (0 comments)
Montgomery County MD – What can you do if you are facing a foreclosure? One of the scariest and worse case scenarios for a homeowner is getting so far behind in your payments that foreclosure is leering around the corner. You feel as though you have let everyone, yourself included, down. You feel embarrassed, even if you aren’t actually holding the papers yet. So now what? Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here are a few tips to help you out: 1.) First … (0 comments)
Montgomery County Short Sales: Do Not Pay Any Upfront Fees To Anyone 
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