modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Modesto Short Sales: Will I Owe Income Tax After A Short Sale? - 12/27/10 11:07 AM
Modesto CA – This is one of the first questions potential short sale sellers ask us. “I heard of something called “forgiveness of debt income and that it is taxable. How does that work?” they ask. The following article is my personal opinion only. I recommend that you consult with a competent legal or tax professional before moving forward with a short sale. In most cases the answer is that a short sale will usually not cause you to owe income tax. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. It used to be … (0 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: How GMAC Short Sales Work - 12/22/10 12:13 PM
Modesto CA – GMAC, was the financing arm of General Motors. It was taken over by Uncle Sam and has been mostly privatized as Ally Financial. However, many people still have loans from the original GMAC. Some of these homeowners want to short sale, but are curious about how it works. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. A GMAC short sale is not too much different from other short sales. To start a short sale with GMAC, first call them at the 800 number on your most recent statement. That number is … (2 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Modesto Short Sales: An Advanced Strategy To Stop Harassing Debt Collector Calls - 12/21/10 01:46 AM
Modesto CA – Many of the short sale sellers we help are selling their home to avoid foreclosure. In addition, they are receiving lots of harassing calls from debt collectors. These debt collectors seem to think that if you call someone with no extra money, then you can still get them to pay. Here is a little tip on how to stop their phone calls. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. A friend of mine looks for missing people. The database he uses is also a prominent debt collection database. He told … (0 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Modesto Short Sales: Saint or Sinner? - 12/14/10 12:26 PM
Typical Abandoned Real Estate
Modesto CA– The New York Time had an interesting article about one man’s mission in the fight to stop foreclosure. According to the article, Mark Guerette, attempted to make use of all the empty, abandoned houses he saw. I get frustrated when I see homes sitting empty for months and months. “Those homes should be put to good use!” I thought to myself. It bugged me that homes would sit empty for months and even years at a time. The lawn would become overgrown. A window might leak. Or, vandals would break the windows. Rain would start … (0 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: My Realtor hasn't talked to me about a Short Sale & I'm not even getting a showing. I think I might be upside down. What do I do? - 12/14/10 12:16 PM
Modesto CA - The Stop Foreclosure Institute recently received a question from Jennifer. She is having a hard time selling her home. “I have had my house for sale for a little while, but it hasn’t sold. No buyers have come to look at it. At first I thought the price was fair. But, now that no one has come to see the home, I am beginning to realize that I am upside down. My realtor hasn’t talked to me about a short sale. What should I do?” Jennifer asked. Discover how other sellers successfully did a short sale to avoid … (0 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Modesto Short Sales: Getting divorced, neither can afford, what to do? - 12/10/10 04:38 AM
Modesto CA - In this case I would recommend you sell the house. Now, if you are reading this blog, then you must be researching a short sale. Which means that you are probably upside down on the home. You have three options. Option #1: Let your lender foreclose on the home. You just stop making the payments and surrender the home to your lender. Option #2: Short Sale the house and get the debt wiped out. A short sale offers the following benefits over a foreclosure. Issue: Can I get a Future Fannie Mae Loan? Foreclosure: The current Fannie Mae … (0 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Modesto Short Sales: Bankers, can we have more open and transparent loan modifications? - 12/10/10 04:23 AM
Modesto CA Loan modifications have become a joke. People get turned down for no reason at all. People really want to keep their home, but just can't figure out what to do. The loan modification negotiators realize how desperate the homeowners are. They use their power over the person to take an ego trip. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. [caption id="attachment_1126" align="alignright" width="332" caption="Banker to Homeowner, "You Pay Up!""][/caption] "I'm going to make this person beg me personally for their loan modification", they think to themselves. Everything becomes a competition between … (1 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: The Homeowner's Bill of Rights - 12/06/10 06:35 AM
Modesto CA - The big banks made mistakes and received a bailout. They have the resources to lobby congress and the courts to have laws written to suit them. But, what has the little guy received? Nothing. So we decided to put together a Homeowner's Bill of Rights. It's time we had Washington look at what we want, versus taking care of the big banks. Considering that the big banks have way more rights than the little guy, here is what we think should be done to "level the playing field." The Homeowner's Bill of Rights. 1. Stop The Loan Modification … (0 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Question from Homeowner: Why would I do a Short Sale instead of saving the monthly payments & letting it go? - 12/03/10 04:28 AM
Modesto CA - The Stop Foreclosure Institute recently received a question from Christy. “Why would I do a short sale instead of saving the monthly payments and letting it go into foreclosure?” Christy asked. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Here is the answer. If you stop paying your mortgage, then you can live in your home rent free for 12-24 months, depending on the state you are located within. I have seen lenders wait a year after the first missed payment just to file for foreclosure. Yes, you can live in … (0 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Citizen's "Wiki Leak": Large Bank causes investor to lose an estimated 40k thru incompetence - 12/02/10 06:12 AM
Modesto CA - Wiki leak's Editor, Julian Assange, recently said he would be releasing documents on a large US Bank. We decided to beat him to it and release some information on how a large US Bank caused their client to lose an estimated 40k because of their incompetence. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. This is a house that we drive past every day on my way to work. We noticed that it look abandoned. We looked up the owner to see if they might want to sell the house. That’s … (1 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Loan Servicer doesn’t follow VA Short Sale guidelines on a short sale of a VA Loan - 12/01/10 08:39 AM
Modesto CA - We recently negotiated a short sale on a VA Loan. After the appraisal is complete and all the other necessary document have been received, VA guidelines state the loan servicer should give us an answer within 15 days. The loan servicer took 65 days to give us an answer. That is a complete violation of VA’s requirements. “Oh, but that’s no big deal”, you might say. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. It is a big deal, because VA (and every single US Taxpayer) loses money as a result. … (0 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Loan servicer demands a bribe from home buyer, or they won’t approve buyer's short sale offer - 11/30/10 07:58 AM
Modesto CA - We had a short sale recently with a certain loan servicing company. The funny thing was that this loan servicer was hired by the owner of the loan to work on behalf of them. In other words, the loan servicer was to look out for the loan owner's best interest. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Processing and approving a short sale will usually avoid future losses on a mortgage. Boston Consulting Group recently did a study on the difference between a short sale and foreclosure. They found that … (2 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Modesto Short Sales: A Few Examples of Loan Servicers Not Doing Their Job - 11/29/10 09:19 AM
Modesto CA - Most people think the person they mail their mortgage payment to every month is the owner of their loan. Not so. In fact, most of the time, they are not the owner. As an example, 80% of all loans that Bank of America handles are not owned by Bank of America. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. The largest owners of US mortgages are two companies that some would allege are owned by Uncle Sam. They are Fannie Mae and Freddie Mac. They own an estimated 55-60% of all … (0 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: The specific damages a foreclosed homeowner might ask to be compensated for by their lender after a rejected short sale - 11/24/10 12:34 AM
Modesto CA - I am following up on a question from Arman. His loan was owned by Fannie Mae and the company handling the loan for Fannie Mae was rejecting an excellent short sale offer for no reason. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. When you get in front of a jury and show how this company’s negligence caused Fannie Mae to lose $15,000 (what I project they will lose) and that it hurt him as well, the jury will award damages in a heartbeat. Here are some of the damages a … (0 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Modesto Short Sales: Are homeowners able to sue their lender for damages after a foreclosure? - 11/23/10 07:25 AM
Modesto CA - I am following up on a question from Arman. His loan was owned by Fannie Mae and the company handling the loan for Fannie Mae was rejecting an excellent short sale offer for no reason. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Here is a quick recap of what I recommended Arman do. Step #1: Call up IBM and demand a written letter explaining why they are declining the short sale offer. Step #2: Write down what you project your damages are going to be if the property is foreclosed … (0 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Question from homeowner: I want to avoid foreclosure, but my lender won’t let me - 11/22/10 11:02 AM
Modesto CA - The Stop Foreclosure Institute recently received a question from Arman. Here is his question. I am a Seller trying to avoid foreclosure. My agent has a buyer and his offer is with the lender from last seven months. Now the lender told us that Fannie Mae investor refused the short sale offer and the house is going to foreclosure early next week. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. The lender’s own appraisal shows the house is worth $120K. The offer we have is for $150K. I told the lender … (0 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Modesto Short Sales: High property taxes are forcing some people into foreclosure - 11/19/10 10:41 AM
Modesto CA - I just saw the second of two articles about homeowners losing their home or property because of high property taxes. Most of the stories were based in the Northeast, where the property taxes are much more expensive. I one story, http://www.wbaltv.com/r/25677444/detail.html, a Maryland Woman is going on a hunger strike to bring attention to the situation. The story makes it sound like high property taxes caused her mortgage payment to go up by 40%. That is a huge jump in property taxes. I have seen some people’s property taxes jump by $200 to $400 myself. In another story, … (0 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Question from homeowner: My homeowner’s insurance won’t renew my policy because my loan is in foreclosure - 11/18/10 12:46 AM
Modesto CA - The Stop Foreclosure Institute recently received a question from Tim. Here is Tim’s Question. “I have an elderly friend who recently finalized a loan modification through her lender. The mortgage company shows on their website that the mod has been processed and the new terms are in effect. However, since foreclosure proceedings were begun before the mod was approved, her homeowner’s insurance holder will not renew her coverage policy, since the local Clerk of Courts records show that the loan is in a foreclosure process. The mortgage company has not sent the Clerk of Courts notice that the … (0 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Question from homeowner: My lender just sold my loan. Is that a good thing? - 11/17/10 12:49 PM
Modesto CA - The Stop Foreclosure Institute recently received a question from James. “My loan was just sold. I was making payments to CitiFinancial and they sold it to Nationstar. Is that good or bad?” James asked. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. Here is the answer. It’s neither good nor bad. In fact, I don’t think your loan was sold. You see, most loans were packaged up and sold to Fannie Mae, Freddie Mac, or Wall Street. James’s loan was more than likely packaged up and sold off. I … (0 comments)

modesto short sale realtor short sale realtor modesto ca short sales modesto realtor: Modesto Short Sales: I thought it would work, but it didn't! - 11/17/10 12:29 PM
Modesto CA - I'm sure you have heard about forensic loan audits. I've heard people say how wonderful they are. "Your lender will approve your short sale right away", claims one. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. An agent told me a story about forensic loan audits. He worked with a woman who was trying to short sales 3 houses. He knew they were short sales and was glad to list them for sale. There was a guy involved who was supposed to be doing all the "negotiating" with the … (0 comments)

 
Daniel Seider (BTRE Big Trees Real Estate)

Daniel Seider

Arnold, CA

More about me…

BTRE Big Trees Real Estate

Address: 3365 Highway 4, PO Box 836, Arnold, CA, 95223

Office: (209) 795-4712

Mobile: (209) 743-1061

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The Sierra's are a magical place to live, play and retire. This Area offers so much to those who either live here or visit. My blog hopefully gives a glimpse at the area and what it has to offer those who choose to visit or call the Sierra's their home.


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