Beale Properties Real Estate and Investments

Hollister Short Sale Help: Having Financial Problems? Tell Debt Collectors to "Get Lost"

Israel Gonzalez — Fri, 18 May 2012 16:18:00 GMT

Hollister CA – Most of the short sale sellers we help are selling their homes because of financial problems. They can't afford the payments and thus sell their home to avoid foreclosure.

Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.

Because of this, I'm very familiar with helping my customers who have financial problems. Many of them are struggling to buy groceries, keep the power turned on, and pay for gas to get to work. They're struggling to pay for the necessities just to survive and feed their families.

In most cases they've missed payments on credit cards. The credit card companies think you should pay them before you buy groceries. If you're in this situation, then do not give a dime of your money to any credit card company.

A credit card is an unsecured debt. The companies that issue them don't have any collateral to get their money back. They can't come get your car or take your house.

Because of that, they cram hundreds of people into cubicles and "sic 'em" on people in financial difficulty. They make hundreds of calls each day, lying and threatening people to scare them into paying.

If you're having financial problems, then just take a break from these people. Get them off the phone as quickly as possible. Hang up if the conversation has gone longer than 30 seconds.

Don't believe any threats to sue you. I estimate that 90% of the threats to sue are never carried out. Even if they do sue and get a judgment, they can garnish only 25% of your wages. I estimate that 95% of all unpaid credit cards will never result in a wage garnishment.

Now, I'm not saying you shouldn't pay these companies. But get your life back on track before you do. Get all the necessities paid for first. Every other payment should be caught up before you pay them a dime. You should also have an emergency fund of $1000 or more before you pay them. Your kids, healthcare for the entire family, and all other necessary expenses should be taken care of. If your car is having problems and needs to be replaced, then buy a new car.

Once you have everything in order financially, you can start working with the past due credit cards. But don't just pay them off in full. Most of them will accept 10-20% of the original balance. Pay them what you think is fair. When paying them off, never send them a check or give them your debit card info.

Some of their contracts have clauses that allow them to charge you more than you had agreed on the phone. Get everything signed and in writing. Then mail them an untraceable payment method like a money order. That way they can't take every dime out of your bank account.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at israel@ighomes.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 (831) 636-8858.

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

Thinking about a loan modification?Our Hollister loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail to israel@ighomes.com to request a Free Copy.

Or, click here to request a copy.

Thanks for reading this.~Israel Gonzalez.

Israel is a Real Estate Agent at Beale Properties.

Phone: (831) 636-8858. israel@ighomes.com.

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

Israel Gonzalez specializes in loan modification assistance and short sales in Hollister California. Hollister Loan Modification Help, Hollister Short Sales. Hollister Short Sale Realtor Hollister CA Short Sales. Hollister Realtor.

Important Notice

Israel Gonzalez, Beale Properties, 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 Gonzalez's personal views and do not reflect the views of Beale Properties.

This information on "Here's Proof That Your Bank Actually Wants You to Short Sale Your Hollister Home" is provided as a courtesy to our readers to help them make informed decisions.

Here's Proof That Your Bank Actually Wants You to Short Sale Your Hollister Home

Israel Gonzalez — Thu, 17 May 2012 16:48:00 GMT

Hollister CA – A recent article in the Tampa Bay Times shows how much lenders prefer short sales to a foreclosure. It discussed how Bank of America recently came out with new short sale incentives.

Bank of America is willing to pay borrowers up to $30,000 for moving expenses to short sale their homes. I doubt many homeowners will receive $30,000; most will receive the lower amount of $2500.

Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.

But that's still better than repaying your lender thousands of dollars for its loss. As you can see, banks like short sales. But why is that?

It comes down to one simple thing: money. The banks have foreclosed on thousands of properties. They have also assisted with thousands of short sales. Over time they realized that selling a property as a short sale usually nets them more money.

Here's an example. We had a home for sale as a short sale. A buyer offered to buy the home for $275,000.

The bank reviewed the offer and turned it down, thinking the house was worth more than that. We tried and tried to convince the lender to accept the offer. But the bank wouldn't accept it.

So we put the property back on the market. The market continued to decline. We submitted all the new offers to the lender. However, the bank continued to turn them down.

Finally, 18 months later, the bank accepted an offer. But this time the house was selling for $235,000.

I'm sure that shocks you. What?!? That lender just lost $40,000! Wouldn't someone be angry? No. No one is angry. That's crazy, isn't it?

But it's just part of life for these lenders. They have to make decisions every day. They're used to losing money on foreclosures and short sales. They have seen this story before on many other homes. Overall, they know that short sale will net them more money than a foreclosure. As a result, they prefer short sales over a foreclosure.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at israel@ighomes.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 (831) 636-8858.

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

Or, click here to request a copy.

Thanks for reading this.~Israel Gonzalez.

Israel is a Real Estate Agent at Beale Properties.

Phone: (831) 636-8858. israel@ighomes.com.

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

Important Notice

The views expressed here are Gonzalez's personal views and do not reflect the views of Beale Properties.

This information on "Here's Proof That Your Bank Actually Wants You to Short Sale Your Hollister Home" is provided as a courtesy to our readers to help them make informed decisions.

Will My Lender Sue Me after a Hollister Short Sale?

Israel Gonzalez — Wed, 16 May 2012 17:55:00 GMT

Hollister CA – Many people are concerned about a potential lawsuit after a short sale.

Many people ask us, "My lender just lost $150,000. Aren't the suits going to be angry that they're losing that much money? Won't they sue me?"

Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.

The good news is that very few people will get sued. The vast majority of all short sale sellers will be released from the debt as a condition of the short sale.

We have reviewed hundreds of short sale approval letters and are familiar with the laws in different states. We estimate that 85-90% of all short sales will be approved with the deficiency being waived.

But what about the remaining people? There are several reasons they're unlikely to be sued. Remember, in most cases they can't collect any money without getting a judgment first.

Reason #1: It costs $1000 or more to file a lawsuit in most states. Between the attorney fees and court costs, it will cost a lender $1000 to $5000 to convert the debt into a judgment. The $5000 number is for people who fight them in court.

Reason #2: You can't squeeze blood from a stone. Most people short sell their house because of financial problems. The banks know this and have learned from past experience how hard it is to collect money from someone who is having financial difficulties.

This is why the vast majority of all short sale sellers will never be sued by their lender after a short sale.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at israel@ighomes.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 (831) 636-8858.

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

Or, click here to request a copy.

Thanks for reading this.~Israel Gonzalez.

Israel is a Real Estate Agent at Beale Properties.

Phone: (831) 636-8858. israel@ighomes.com.

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

Important Notice

The views expressed here are Gonzalez's personal views and do not reflect the views of Beale Properties.

This information on "Will My Lender Sue Me after a Hollister Short Sale?" is provided as a courtesy to our readers to help them make informed decisions.

Will I Have My Wages Garnished after a Hollister Short Sale?

Israel Gonzalez — Tue, 15 May 2012 20:07:00 GMT

Hollister CA – Many people are concerned about a deficiency after a short sale. They are afraid their bank may garnish all their wages.

It's scary to think that at any moment your bank could grab every dime you make and leave you broke. Most people short sell their homes because of financial problems.

Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.

They can't afford to lose a month's salary. But here is the good news. There is a maximum amount anyone can garnish. According to the Department of Labor's Website, anyone garnishing your wages can take a maximum of 25% of whatever you earn.

Sure, it's not fun to have 25% of your earnings taken. But 25% is much less than the 100% most people think they will take.

So even if you do get a deficiency on your short sale, it's not the end of the world. They cannot take all your money and ruin your life. Before your lender can garnish your wages, it will usually have to go to court and get a judgment against you. That takes time and costs money. A lawsuit can cost the lender a thousand dollars or more.

The high costs causes lenders to think twice before sueing most homeowners. Even better news is the fact that there are a lot of loopholes. For example, in Florida the head of household is exempt from garnishment.

Most garnishments have to be approved by a judge. If you can show the judge that you have kids to take care of, he may deny the garnishment.

Alternately, you can show the judge that a garnishment would cause you serious financial hardship where you couldn't afford gas to drive to work.

The bottom line is that so few homeowners who short sell their house will ever be pursued with a garnishment. We have helped hundreds of homeowners with a short sale and haven't met anyone whose wages were garnished after the short sale.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at israel@ighomes.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 (831) 636-8858.

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

Or, click here to request a copy.

Thanks for reading this.~Israel Gonzalez.

Israel is a Real Estate Agent at Beale Properties.

Phone: (831) 636-8858. israel@ighomes.com.

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

Important Notice

The views expressed here are Gonzalez's personal views and do not reflect the views of Beale Properties.

This information on "Will I Have My Wages Garnished after a Hollister Short Sale?" is provided as a courtesy to our readers to help them make informed decisions.

Buying a Hollister Short Sale? Have This Person Help You

Israel Gonzalez — Mon, 14 May 2012 17:58:00 GMT

Hollister CA – Thinking of buying a Hollister Short Sale? The short sale process is difficult to navigate. The first thing you should do is make sure the agent who has the house for sale knows what he's doing.

Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.

That person, also known as the "listing agent," is responsible for negotiations with the short sale lender. He may negotiate the short sale himself or have a third party do it.

Either way, he will be in control of most of the process. The bottom line is that if he doesn't know what he's doing, the short sale will be delayed.

You may find yourself waiting 3-4 months for the short sale to be approved. Then, after waiting and hoping you can buy your dream home, you will find out the short sale lender won't approve your offer.

"We are so sorry. We worked so hard to convince them to accept it, but they still turned it down," the agent may tell you. Wouldn't that be heart-breaking?

Unfortunately, some agents just don't understand the short sale process. They're too busy with other things and never have a chance to give the short sale negotiations the proper attention.

Alternately, the short sale negotiator may be too busy to give your short sale file the attention it deserves. This is why it's important to find an agent who understands the process backward and forward. He will give the file the proper attention or find someone who can, and he will know how to overcome any problems and roadblocks that arise.

And at the end of the day, you'll be able to buy your dream home.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at israel@ighomes.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 (831) 636-8858.

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

Or, click here to request a copy.

Thanks for reading this.~Israel Gonzalez.

Israel is a Real Estate Agent at Beale Properties.

Phone: (831) 636-8858. israel@ighomes.com.

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

Important Notice

The views expressed here are Gonzalez's personal views and do not reflect the views of Beale Properties.

This information on "Buying Hollister Short Sales? Make Sure You Have This Person Helping You" is provided as a courtesy to our readers to help them make informed decisions.

Have This Person Help You When Buying a Hollister Short Sale