foreclosure prevention: Another Common Antioch Short Sale Myth: The Foreclosure Process Goes So Fast That I Don’t Have Time To Short Sale - 02/26/18 08:47 AM
Antioch CA – The I  recently received a question from Susan about short sales. Here was Susan’s Question.
“My home is scheduled to be going on the courthouse steps in about 2 months. I had thought about short selling, but a friend told me I wouldn’t have enough time to do it.
Because of that I didn’t pursue a short sale earlier. Recently I decided to look into it further. It looks like a good option compared to foreclosure. My question is this.
Do I have enough time to short sale my house, or is the foreclosure already too far along? Please let me know. Sincerely, Susan.”
Click Here to discover how other sellers successfully did … (0 comments)

foreclosure prevention: How An Antioch Short Sale Helps Preserve Neighborhood Values - 02/25/18 06:26 PM
Yes, short sales can 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 short sale and avoided foreclosure.
The grass and yard get overgrown. Pools deteriorate and the water turns green with algae.
In some Southern States, such as Florida, if a home is not … (1 comments)

foreclosure prevention: Will I Still Have To Pay Property Taxes If I Do A Antioch CA Short Sale? - 01/09/13 07:19 AM
   
Antioch CA – The Stop Foreclosure Institute recently received a question from Paul. Here is Paul’s Question.
“I am thinking about a short sale, but I am behind on my property taxes. Will I still have to pay them if I short sale my home? Max.”
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here is the answer to Paul’s Question: In most cases your lender will pay those property taxes. Property taxes are a first priority lien on a property.
That means that if a property is foreclosed upon, … (1 comments)

foreclosure prevention: What To Expect During And After The Antioch CA Short Sale Process - 01/07/13 07:35 AM
   
Antioch CA – Here are a few things you should not be surprised to see crop up during the short sale process.
Unscrupulous Debt Collection Tactics. 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.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
The most common unsecured debt is a … (0 comments)

foreclosure prevention: Antioch CA Short Sales: How To Get A Short Sale Lender To Waive A Deficiency - 01/04/13 02:18 AM
   
Antioch CA – The Stop Foreclosure Institute recently received a question from John. Here is John’s Question.
“I just received a full price offer on my house. My main concern is that I don’t get stuck having to pay off the deficiency. I have a first and 2nd with Chase and owe 270K on the home. The buyer’s loan is also with Chase.
How can I work this out so that I can walk away from this without owing any money? Is it even possible with such a large difference between what the house is worth and what … (1 comments)

foreclosure prevention: Antioch CA Short Sales: I Have Mortgage Insurance. Won’t That Cover The Deficiency? - 01/03/13 03:48 PM
 
Antioch CA – The Stop Foreclosure Institute recently received a question from Max. Here is Max’s Question.
“If I pay mortgage insurance and default on my loan, wouldn’t that cover the deficiency amount? Max.”
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here is our answer to Max’s Question: Yes, the Mortgage Insurance should pay your lender for any loss. So that reduces the amount that your lender will lose on the short sale.
There are a couple of problems. Many Mortgage Insurance Companies have gone bankrupt. They can’t pay on their … (1 comments)

foreclosure prevention: Do Some Realtors Actually Hate Antioch CA Short Sales? - 07/12/12 06:34 AM
   
Antioch CA – Realtors have a very important role when it comes to helping sellers short sell their homes. It is the realtor who works to attract the purchaser by communicating with buyers and their realtor.
The seller’s agent and the buyer’s agent often have to negotiate to come up with a consensus that is acceptable to both clients. Getting everyone to come to a mutual agreement is not an easy task for realtors.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Realtors get stressed out because of the task that … (1 comments)

foreclosure prevention: A Common Antioch CA Short Sale Myth: The Realtor Is Required To Submit All Offers to the Short Sale Lender - 07/09/12 04:36 PM
   
Antioch CA – Many people have misconceptions about a short sale and how it works. Many people think that the seller’s realtor and the seller are required to submit all offers to the short sale lender.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
It is the owner’s house. If they want to sell the house or not, then it is their decision. The only role of the lender is to approve or deny the short sale offer.
The lender is interested in getting the highest offer so they can reduce … (1 comments)

foreclosure prevention: Why An Antioch CA Short Sale Is A Win-Win For Everyone - 01/09/12 03:58 PM
Antioch CA – While doing a real estate transaction, not all parties with a financial interest can be winners. However, a successful short sale is one of those rare cases where everyone leaves a winner. Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
The Seller wins by avoiding foreclosure: This will also help the seller to avoid any credit damage that goes along with foreclosure.
In essence, the property is sold and the seller’s lender pays all the costs associated with the sales process. In most cases, the seller can move on with their … (1 comments)

foreclosure prevention: One Key To Getting A Antioch CA Short Sales Approved - 01/08/12 02:21 PM
    Antioch CA – Working to convince a bank to approve a short sale is what I do every day. I work with lenders on a daily basis.
I understand the importance of starting the process in a way that is likely to succeed with the lender’s loss mitigation department.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
I am always prepared and I maintain a high level of professionalism during the whole process because I understand how critical it is to get a short sale approved.
The Lender wants a great file. … (0 comments)

foreclosure prevention: How To Convince A Lender To Approve A Antioch Short Sale - 01/04/12 08:56 AM
  Antioch CA – 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 what the buyer tells your mortgage holder.
Click here to discover how other sellers successfully did a … (1 comments)

foreclosure prevention: Antioch CA Short Sales: A technique to make short sales easier - 12/16/11 09:36 AM
    Antioch CA – I read an interesting book. The author talked about persistence and how it helps you be successful. He told a story about phoning a call center.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
The first person he talked to told him that he couldn’t buy something in bulk for a certain price. Rather than argue with her, he instead hung up and called back in.
The next person he talked to agreed to sell him the product in bulk for the price he wanted. He got what he … (0 comments)

foreclosure prevention: How An Antioch Short Sale Realtor Determines The Value Of Your Home - 11/29/11 09:31 AM
Antioch CA – It is very helpful in loan modification negotiations to know the fair market value of your home. You can use the value to convince your lender to accept your loan modification offer. As an experienced Short Sale Realtor, I can help you determine the value of your home. Here’s how I do that.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
First, I will look at all of the homes similar to yours that have sold in the last 6 months. I will pick out the 3 homes that are most … (1 comments)

foreclosure prevention: Antioch CA Short Sales: How To Find Out Who Owns The Loan So You Can Hold Your Bank Accountable - 11/23/11 07:13 AM
 
Antioch CA – In our last post, we talked about how you could contact the entity that owns a loan. But, some people were wondering how they could find out who owned their loan.
“I thought ABC Bank owned my loan. I send them a payment every month”, they told us. Well, here is how to research the owner of your loan.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Between 65% and 70% of all loan losses are borne by Uncle Sam. He has direct/indirect ownership or insures against losses thru … (0 comments)