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February 2011 - Posts

Hollister Homes for Sale: What Is a BPO and Why Does It Matter on a Short Sale?
Hollister Homes for Sale – Some agents hate short sales. Why? Because they don't understand them. Therefore, don't believe them when they tell you that short sales are impossible. I will explain what causes their problems in today's Read More...
Hollister Homes for Sale: What Can Go Bad on a Short Sale When You Hire an Agent Who Doesn't Understand Short Sales
Hollister Homes for Sale – It always amazes me when I hear the stories of agents who talk about how horrible short sales are. "Don't waste your time on a short sale," they tell homeowners. "They're a waste of time. The lenders Read More...
Hollister Homes for Sale: Homeowner Takes on Lender and Wins!
Hollister Homes for Sale – According to the Philadelphia Inquirer [1], Patrick Rodgers of West Philadelphia was able to "file a foreclosure action against Wells Fargo." Discover how other sellers successfully executed a short sale to avoid Read More...
Hollister Homes for Sale: The Average Homeowner Can Live 492 Days Rent Free
Hollister Homes for Sale – According to the Wall Street Journal [1], the average homeowner with a home in foreclosure hasn't made a payment in 492 days. What's even crazier is that those homes are still in the foreclosure process. That means Read More...
Hollister Homes for Sale: If You Bought at the Market's Peak, Does It Make Sense to Short Sale Your Home?
Hollister Homes for Sale – Many homeowners bought their home at the peak of the market. In the hardest hit areas, they paid $500,000 for homes that are not selling for $250,000 (or even less.) Their homes are costing them $4000 a month. (That is Read More...
Hollister Short Sales: Renters trashed my house. What should I do?
Hollister CA – The Stop Foreclosure Institute recently received a question from Richard. “I accepted a job transfer and had to move. Unfortunately we were upside down on the house. I decided to rent it out rather than short sale it. The renters Read More...
Hollister Homes for Sale: One Upside to the Horrible Housing Market
Hollister Homes for Sale - If you're a homeowner, the housing crisis has decimated the equity in your home. Many families have watched years of hard work spent building their equity go down the drain. Discover how other sellers successfully executed Read More...
What You Should Look for in a Buyer of Your Hollister Short Sale Property
Hollister Homes for Sale – Short Sales can be tough. Many buyers don't understand the process and think that since it's a buyer's market, they set the rules. That's not the case. You, the seller, set the rules. After all, you still Read More...
Hollister Homes for Sale: Is This a Reasonable Offer from a Buyer of a Short Sale Property?
Hollister Homes for Sale – Some buyers think that since it's a buyer's market, they can make any crazy demand of a seller. And they can't understand when the seller isn't excited by their lowball offer. Here's an example of a Read More...
Hollister Homes for Sale: What Is a BPO?
Hollister Homes for Sale – If you've been reading about short sales, then you have probably heard the term "BPO" and wondered what it meant. BPO stands for Broker's Price Opinion. A Broker's Price Opinion is when a licensed Read More...
Would Dave Ramsey Love a Hollister Short Sale?
Hollister Homes for Sale – You might have heard of Dave Ramsey. He has a popular radio program on which he explains the benefits of getting out of debt. Dave is a zealot for the debt-free life. "You don't need to see the inside of a restaurant Read More...
My Realtor hasn't talked to me about a Short Sale & I'm not even getting a showing. I think I might be upside down. What do I do?
Hollister CA - The Stop Foreclosure Institute recently received a question from Jennifer. She is having a hard time selling her home. “I have had my house for sale for a little while, but it hasn’t sold. No buyers have come to look at it. Read More...
Hollister Homes for Sale: Could the Realtor You Hire Kill Your Short Sale?
Hollister Homes for Sale – The biggest reason people short sale their house is to avoid foreclosure. They cannot afford the house anymore, and the bank has said it will foreclose soon. If the short sale is not successful, the lender will foreclose Read More...
Hollister Homes for Sale: Why Do Lenders Pretend to Care about Their Customers?
Hollister Homes for Sale – Have you ever attempted to get a loan modification? If you have, then you probably get bugged when you hear banks talk about how they supposedly care about their customers. Somehow the banks think we will believe it. They Read More...
Hollister Homes for Sale: How to Get a Short Sale Lender to Waive Deficiency Clause
Hollister Homes for Sale – The Stop Foreclosure Institute recently received a question from John: "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 Read More...
Hollister Short Sales: Saint or Sinner?
Hollister CA– The New York Times had an interesting article about one man’s mission in the fight to stop foreclosure. According to the article, Mark Guerette, attempted to make use of all the empty, abandoned houses he saw. I get frustrated Read More...
Hollister Short Sales: Bankers, can we have more open and transparent loan modifications?
Hollister Short Sales: Bankers, can we have more open and transparent loan modifications? Hollister CA Loan modifications have become a joke. People get turned down for no reason at all. People really want to keep their home, but just can't figure Read More...