Stop Foreclosure: How Much Debt Can I Erase With A Denver Short Sale?

By
Real Estate Broker/Owner with Dan Hopper - Gold Way RE

Denver, CO – We often get asked that question. Some people think that since they are walking away from a large upside down mortgage, then the bank won’t approve it.

That usually isn’t true. I wanted to put together a few examples of people the Stop Foreclosure Institute has helped with a short sale.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

That way you can get a good idea of exactly how much debt you can erase with a short sale. Check out some of the examples below.

$79,000 In Upside Down Debt Erased thru a short sale.
$427,000 In Upside Down Debt Erased thru a short sale.

 

$103,000 In Upside Down Debt Erased thru a short sale.

 

$76,000 In Upside Down Debt Erased thru a short sale.
$187,000 In Upside Down Debt Erased thru a short sale.

 

$69,000 In Upside Down Debt Erased thru a short sale.

Thinking about a Denver Short Sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at denverforeclosureblog@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 303-521-0984

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification?Our Westminster loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Request your FREE copy, below!

Thanks for reading this, Dan Hopper.

View My homes for sale at www.danhopper.com.

Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

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http://denverloanmodhelp.com/?p=329

www.youtube.com/user/denverloanmodhelp

www.youtube.com/user/yourhomesellshere

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Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Dan Hopper, Remax Alliance, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Dan Hopper's personal views and do not reflect the views of RE/MAX Alliance.

This information on Stop Foreclosure: How Much Debt Can I Erase With A Denver Short Sale?, is provided as a courtesy to our viewers to help them make informed decisions.

Comments (2)

Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Dan - Short sales are a great alternative and something homeowners should really investigate. I'm sure there are so many people out there who let their home go into foreclosure that would have qualified for a short sale.

Dec 16, 2011 03:03 PM
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Denver Broker / Author / Advocate/Short Sale

I agree with you, Michelle!  With our marketing tools, we do our best to capture those that are in a pre-foreclosure / default status, and convince them to NOT walk away from the property and let it foreclose.  There will always be a small percentage that foreclosure is probably the best in their unique situation.  Yet, we find in Denver, that we still see about 65% of those in the foreclosure process, DO NOTHING!  They probaby have been so defeated in their attempts to get a loan modification or other bank assistances, they just do not care at this point, and walk!

Another trend I have found, over the last year, is that some are walking due to the advice from their BK Attorney!!  They perform a BK 7, and the attorney advises them to just stay in the house, payment FREE, until they foreclose on you.  Some that I have talked to, said it would be best for them to not have that "foreclosure" status on their credit;  but let's face it, the banks will report the short pay-off as NOT "paid in full", thus affecting the credit like a foreclosure.  We in the real estate industry do not want to see MORE foreclosures on the market... it only impacts our market values.

Dec 17, 2011 01:09 AM

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