specialist: Antioch Short Sales: Is My Hardship Legitimate For An Antioch Short Sale? - 02/27/18 10:18 AM
Antioch CA – I recently received a question from Dan. Here was Dan’s Question.
“I recently purchased another home and tried to sell my former home. It isn’t selling and I can’t afford to make both payments. The home won’t rent for even 1/2 of the mortgage payment.
An agent told me the house is worth about $50K under the mortgage amount. Is it realistic for me to try the short sale?  The only hardship created was when I decided to move to a larger home for family. Dan.”
Click Here to discover how other sellers successfully did an Antioch short sale and avoided foreclosure.
Here was our answer to Dan’s Question.
Dan, I … (0 comments)

specialist: How A Antioch CA Short Sale Can Help You And Your Neighbors Avoid The Side Effects Of A Foreclosure - 11/07/12 12:28 PM
   
Antioch 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.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
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 … (0 comments)

specialist: How Soon Can I Buy Another Home After A Antioch CA Short Sale? - 11/05/12 06:09 AM
  Antioch CA – We receive this question a lot. “I am upside down and need to move. I would like to buy another home. Can I do that?” they ask us.
Today they can. FHA (the Federal Housing Administration) has a new program that enables you to short sale your existing home and buy a new home right afterwards.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
The home you purchase would have to meet FHA’s standard lending guidelines. FHA is a great mortgage program.
In fact, more people buying a home in … (0 comments)

specialist: Why Lenders Approve Antioch CA Short Sales When A Borrower Is Current - 10/04/12 08:37 AM
   
Antioch CA – It sounds weird that a lender would approve a short sale when a homeowner is current on their payment. There is a logical reason that they do it. Let me explain.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Let’s look at a person who owes more than their home is worth and moves for a job transfer. Their lender does not approve their short sale.
The lender tells them, “We granted the loan thinking you were a credit worthy borrower. We expect you to repay us every … (0 comments)

specialist: Antioch CA Short Sales: Don’t Stress Out Over Financial Problems - 09/27/12 09:10 AM
   
Antioch CA – If you are in financial trouble, then I’m sure you’re worried. Here are a few things I see people worry about that aren’t as bad as they think.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Financial Worry #1: We could be forced to move out of our house at moment’s notice. If you own your house, then I have some good news.
Most lenders are taking 6-12 months to file foreclosure. The debt collectors don’t always tell you the truth. Many get paid bonuses based on how … (0 comments)

specialist: How A Antioch Short Sale Can Help Save The Antioch Housing Market - 09/12/12 02:54 PM
   
Antioch CA – Short Sales and foreclosures have a big impact on home values. But, how they affect them varies dramatically. Every short sale helps stabilize the housing market.
The reason is because short sales sell for much more than a foreclosed property does. Most short sales have a homeowner who still lives there. The homeowner has kept the home in good shape.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
They mow and water the lawn, trim the bushes, and keep up on the house. Now, let’s contrast this with … (0 comments)

specialist: Will Missed Payments To Your Homeowner’s Association Affect The Short Sale Of Your Antioch CA Home? - 08/30/12 03:56 PM
 
Antioch CA – Many people don’t think they are eligible for a short sale because they have unpaid homeowner’s association dues. Don’t worry about paying them yourself.
When you short sale your home the association dues will be paid by your lender. Most of the time the amount owed to the homeowner’s association is a very small percentage of the overall sales price.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Lenders know that a short sale will net them substantially more money than a foreclosure. I have an example in the … (0 comments)

specialist: Buying A Antioch CA Short Sale? Here’s How To Know If Your Offer Will Be Approved - 08/28/12 08:33 AM
 
Antioch CA – Buyers often contact me for advice on short sales. They are frustrated with the short sale process and want to know why their offer hasn’t been accepted.
“I made an offer on a short sale property six months ago. How come I haven’t received an answer yet?”, they ask me. Most people don’t know that it is fairly simple to determine if a short sale offer will be approved.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
You simply need to know what the lender’s guidelines are for approval. … (0 comments)

specialist: Antioch CA Short Sale Question: Can I Short Sell My Home If I Have More Than One Mortgage? - 07/26/12 01:09 AM
 
Antioch CA – It is possible to sell your home if you have multiple mortgages. But, it can be difficult. This is something many short sale homeowners have to consider because they have multiple mortgage.
All the mortgages on the property will have to be satisfied before you can give clear title to the buyer. But the most important negotiation is the one which has to be made with the lenders; which will be two or three in case of multiple mortgages on your home.
Click here to discover how other sellers successfully did a short sale and avoided … (0 comments)

specialist: 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)

specialist: A Common Antioch CA Short Sale Myth: You Must Have Missed a Payment Before Your Lender Will Consider a Short Sale - 07/11/12 03:31 PM
Antioch CA – It is thought that lenders tend to permit short sales only when and if a borrower has missed a payment. This is not true. Lenders also take into account other hardships the borrower may be encountering such as a divorce, job transfer, relocation, etc.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
No lender will consider a short sale just because a borrower has missed a payment. The lender also looks at the borrower’s financial status including tax returns, budget, bills, income, etc.
After reviewing that documentation they decide whether or … (0 comments)

specialist: Will I Owe A Deficiency On A Antioch CA Short Sale If I Have An FHA Loan? - 05/03/12 04:30 PM
    Antioch CA – The next most common type of loan that does not usually have a deficiency is an FHA loan.
But, how do you determine whether or not you have an FHA loan?
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here is the best way that I have found to do this. Look up your mortgage on the public records in your county. You can usually access the public records online.
Just Google, “County, State Public Records.” For example, if we Google “Contra County County Public Records”, then you will … (1 comments)

specialist: A Common Antioch CA Short Sales: The Most Common Types Of Loan That Do Not Require A Deficiency - 05/02/12 12:03 AM
 
Antioch CA – OK, let’s talk about the most common types of loans that do not require a deficiency on a short sale. The first common loan type is a Fannie Mae or Freddie Mac loan.
I’ll call them Fannie & Freddie in this post. Freddie & Fannie are different quasi-governmental entities that own mortgages. For our conversation, they are very similar in the way they handle short sales.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
First, you need to find out if Fannie or Freddie own your loan.
Fannie Mae … (0 comments)

specialist: Worried About Owing Money After A Antioch CA Short Sale? - 04/30/12 03:08 PM
   
Antioch CA – We recently received an email from Joy. She was thinking about a short sale, but was worried about a deficiency.
Here is a sentence from her email: “We obviously want to get the price as close to fair market value as possible to eliminate or reduce any deficiency the bank may assess, but also want the house to move as quickly as possible.”
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here is the good news for Joy. In about 80-90% of all cases the homeowner is allowed … (0 comments)

specialist: Antioch CA Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender - 04/27/12 03:37 PM
   
Antioch CA – Thinking about a loan modification. If you can afford to, then order an appraisal. Or, do your own appraisal.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Ask your realtor “Hey, what are houses in my area selling for?” I’ve seen people who bought a house for $500,000. Guess what’s it selling for today? $300,000.
If your house has had a 40% drop in value, then you shouldn’t be paying a mortgage payment based on a value of $500,000. You should be paying a mortgage payment based on … (0 comments)

specialist: Yes, I Do Think A Antioch CA Loan Modification Is The right Thing To Do - 04/26/12 02:56 PM
 
Antioch CA – I received a note the other day from Andrew. He was upset that I would tell people that are upside down on their house to ask for a principal reduction from their lender. Here was his email.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
“I saw your blog post about how the banks won’t approve principal reductions for people who are struggling financially.
You recommended that anyone upside down should short sale their house because that is the only way to get the amount they owe reduced.
These … (0 comments)

specialist: Another Example Of Just How Lousy A Antioch CA Loan Modification Is For You - 04/25/12 03:09 PM
   
Antioch CA – Are you pulling your hair out trying to convince your lender to reduce the amount you owe on your home?
People have a hard time grasping how difficult it is to get a loan modification that is fair. These banks just do everything they can to squeeze homeowners for as much money as possible.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here is an example of a homeowner that accepted a forbearance agreement with their lender. The homeowner was desperate to keep his home and just accepted … (1 comments)

specialist: Thinking About A Antioch CA Loan Modification? Run The Numbers First - 04/24/12 03:37 PM
 
Antioch CA – When you negotiate your loan mod you need to remember that the banks are professional negotiators. They know the tricks.
They know how to suck as much money out of you as is legally possible. Don’t kid yourself. They’re going to use every single tool in their tool chest to squeeze you.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
So before you start negotiations with the bank, you’ve got to be prepared. You can’t just walk into a gunfight with a knife. You’ve got to go prepared so … (0 comments)

specialist: Why Antioch CA Loan Modifications Are Bad: Family Rents Bigger House For $1050 Less Than Old Home - 04/23/12 02:01 PM
   
Antioch CA – It’s sad that the banks aren’t willing to give anyone a principal reduction. The banks reasoning is that if they start granting principal reductions, then every single upside down homeowner will want one.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
As a result people are stuck overpaying for their upside down homes. Take an example of a family who bought their home at the peak of the market. Their monthly payment was $2,650.
Their lender agreed to forgive their missed back payments. But, they wouldn’t reduce their … (1 comments)

specialist: A Few More Tips On Buying Antioch CA Rental Property - 04/17/12 03:05 PM
 
Antioch CA – The return on investment is very good because of a tight rental market caused by the housing crisis. Rents have increased while home prices have dropped.
Single Family Homes are the best way to go because they are easy to rent and you can prescreen for the absolute best tenants. Good tenants are the key to avoiding problems.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Have you ever noticed how apartment complexes have to work hard to rent their apartments? Meanwhile, most single family homes are rented without … (0 comments)