Rick Thompson's (rickthompsonteam) Blog

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 a...

Montgomery County Short Sales: Are you facing Foreclosure? 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 thou...

Montgomery County Short Sales Are Improving Montgomery County MD – We recently saw something positive on short sales with Bank of America. Bank of America recently sent out an email stating that you can no initiate the short sale process without a buyer. The agent can start the process and get th...

Montgomery County Short Sale Question: What Are My Options? Montgomery County MD – The Stop Foreclosure Insitute recently received a question from Denzel. Here was his question. “I purchased my home in 2007 for 365,000 and put 18,000 down. Today I owe approximately 340000. The mortgage is with We...

Montgomery County Short Sale Myth: It Is Very Difficult To Get A Bank To Approve A Short Sale Montgomery County MD – Short sales are difficult when you do not know what you are doing. But, they aren’t as difficult as people say. Click here to discover how other sellers successfully did a short sa...

Montgomery County Loan Mod Help: Should I Walk Away or Stay? Montgomery County MD - 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 y...

Montgomery County Short Sale Myth: Banks Aren't Approving Short Sales Because They Don't Want To Take Big Losses Montgomery County MD – This is another short sale myth we've seen tossed around. Some people in the media even suggested that banks were delaying foreclosures to delay losses being rec...

Montgomery County Short Sale Myth: Short Sales Are Always Sold Below Market Value Montgomery County MD – Some people think that short sales represent a bargain in the real estate world. Some people have said that banks sell short sales for below market value because they want to avoid foreclosure...

Montgomery County Short Sales: An Ounce Of Prevention Is Worth A Pound Of Cure Montgomery County MD – The agent you hire to short sale your house should know how to “influence the BPO.” Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The BPO is anot...

Montgomery County Short Sales: Loan Modification Loss Comparison Calculator Montgomery County MD – If you are looking to convince your lender to approve your loan modification, then here is a tool you might find useful. Here is a sample calculator you can use to convince your lender to approve yo...