modesto short sales: How Much Do You Charge For A Short Sale in Modesto? - 02/07/11 04:58 AM
Modesto CA – The Stop Foreclosure Institute recently received a question from Tawny. Here is Tawny's Question. "I have not been late on any payments but my income will be changing dramatically towards the end of the summer. What is your exact service and what are the fees involved? I do not have any cash in savings and pretty much live paycheck to paycheck. Tawny." Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Here is the answer to Tawny's Question: A Short Sale doesn't cost the homeowner any money. All of the costs are … (0 comments)

modesto short sales: Modesto Short Sales: Loan Modifications can be a recipe for disaster - 01/31/11 07:14 AM
Modesto CA – The Star Tribune, a newspaper in Minneapolis, recently ran a story about loan modifications. Here is an excerpt from the article: “Many people who sought help under a federal program created to keep them from losing their homes are instead getting saddled with huge, unexpected bills. Thousands now face a stark choice: Go deeper into debt, or foreclosure. Lenders routinely approved short-term "trial" loan modifications that reduced payments for desperate borrowers under the umbrella of the Obama administration's Home Affordable Modification Program. But lenders continued to count the mortgages as delinquent or in default. Now instead of granting … (1 comments)

modesto short sales: Seven Ways You Benefit From A Modesto Short Sale - 01/31/11 07:08 AM
Modesto CA – 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. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. 1. The upside down debt is erased … (0 comments)

modesto short sales: Modesto Short Sales: Who is in charge during a short sale? - 01/31/11 07:04 AM
Modesto CA – 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? Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Until the lender forecloses on the home the home owner is in the driver’s seat. They “own” the property until the lender forecloses. We have … (0 comments)

modesto short sales: Modesto Short Sales: Are Lenders So Desperate They Will Accept Any Offer? - 01/31/11 06:02 AM
Modesto CA – Have you heard the following myths about short sales? Myth #1: You can buy short sales for dirt cheap and then turn around and resell them for a profit. Myth #2: Foreclosures, Short Sales, and Bank Owned Homes can be bought for 30 to 50 cents on the dollar with no money down. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Myth #3: Lenders will accept any short sale offer even if it is for only 50% of what the home is worth. After all, they don’t want a foreclosure on … (0 comments)

modesto short sales: 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 sales: 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 sales: 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 sales: Modesto Short Sales: How to Stop Harassing Debt Collector Phone Calls - 12/21/10 01:33 AM
[caption id="attachment_1169" align="alignright" width="425" caption="Past Due Notice"][/caption] Modesto CA – If you are facing financial hardship, then paying credit cards and other unsecured debts is your lowest priority. An unsecured debt is a debt where they can't take away your car or house. A secured debt has something as collateral, such as your car, house, or anything else of value. The most commons unsecured debt is a credit card. When you stop paying them, they will call you nonstop. The reason is because they don't have any other way to collect from you. Discover how other sellers successfully did a short … (0 comments)

modesto short sales: Modesto Short Sales: What does letting a house go into foreclosure do to the neighborhood? - 12/17/10 04:12 AM
Modesto CA – The Stop Foreclosure Institute recently received a question from Werner. “I am behind on my payments and thinking of just letting my home go into foreclosure. What does that do to the neighborhood?” he asked. Here is our answer to his question. It does hurt the neighborhood. But, it also hurts you. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Most banks do not do a good job and processing and handling foreclosures. They take 12-18 months to foreclosure on a house and then sell it. In the meantime they do … (0 comments)

modesto short sales: Modesto Short Sales: Renters trashed my house. What should I do? - 12/16/10 08:00 AM
Modesto CA – The Stop Foreclosure Institute recently received a question from Richard. “I accepted a job transfer and had to move. Unfortunately we were upside down on the house. I decided to rent it out rather than short sale it. The renters just moved out. I just checked the house. They trashed it! I could rent the house out again, but I would have to spend several thousand dollars fixing it up first. What would you recommend that I do?” Richard asked. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Here was our … (0 comments)

modesto short sales: 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 sales: 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 sales: 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 sales: 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 sales: 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 sales: 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 sales: 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 sales: 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 sales: 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)

 
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

Email Me

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.


Links

Archives

RSS 2.0 Feed for this blog