ARCHIVED BLOG POSTS
2011
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Antioch CA – Many lenders do not own the loans they handle. Instead, they are paid by the actual loan owner to collect payment. In my opinion, the banks make millions by understaffing their foreclosure departments? Here’s a real life example. A bank forecloses on a house and waits for over a y...
10/31/2011
Antioch CA – The Stop Foreclosure Institute recently received a question from Chris. Here was his question. “I just got an approval from a large national lender this morning and the approval letter stated the following: “Promissory Note of 0.00.” What does a Promissory Note of 0.00 imply? It sho...
10/28/2011
Antioch CA – An agent with the Stop Foreclosure Institute recently had a short sale negotiator lie to them. We have spent the last 6 months figuring out all the rules for short sales on different loan types. The rules are different for an FHA Short Sale, a VA Short Sale, and a Fannie Mae Short Sa...
10/27/2011
Antioch CA – The Stop Foreclosure Institute recently received a question from Samir. Here was his question. “I am thinking about short selling my house. I’m just wondering how I can get someone to help me. I know that your website says that a short sale costs me nothing. I just have a hard time ...
10/20/2011
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Antioch CA – In our blog post a few days ago, we talked about a first and second mortgage that both wanted more money out of the deal. The problem was they were asking for it at the other’s expense. In a sense, we had two monkeys with their hand in the same cookie jar. Neither could get their ...
10/17/2011
Antioch CA – Many people are embarrassed that they are short selling their house. They feel like they are somehow being dishonest or shady. Neither one of those is true. A lot of the people short selling today never had a blemish in their credit. They lived perfect, responsible financial lives. ...
10/16/2011
Antioch CA – Are you looking for a Antioch CA Realtor that specializes in short sales. It is important that you pick the right agent. Many agents turn down short sale listings because they are unfamiliar with the process. These transactions are much more difficult and complicated than your avera...
10/13/2011
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Antioch CA – The Stop Foreclosure Institute recently received a question from another agent named Bonnie. Here was her question. “On my short sale, the first mortgage gave me a price and a net they would allow. The title company put together the closing documents and paid the first more than the...
10/12/2011
Antioch CA – The Stop Foreclosure Institute recently received a question from another agent named Beckie. Here was her question. I have been waiting on my lender to approvce or deny my short sale for 7 months. We finally received an answer last week in form of a counter offer to the price. The b...
10/10/2011
Antioch CA – Many agents think that a short sale lender will not look at a file until the short sale file is perfect. “I need your financial information, last 2 years of tax returns, last 2 pay stubs, last 2 month’s bank statements, and all the other short sale paperwork before I can submit the ...
10/08/2011
Rainer
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Shonn Thompson
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