March 2011 - Posts
Hollister CA – This is one of the first questions potential short sale sellers ask us. “I heard of something called “forgiveness of debt income and that it is taxable. How does that work?” they ask. The following article is my
Read More...
Homes in Hollister CA – The Stop Foreclosure Institute recently received a question from John. Here is John's question. "I am trying to buy a short sale. I have been waiting on an answer to my offer for six months. The agent tells me we
Read More...
Homes in Hollister CA - We received the following email a little while ago from another agent who does short sales. It illustrates how the current short sale guidelines hurt the housing market and homeowners short selling their house. Discover how other
Read More...
Homes in Hollister CA – The Stop Foreclosure Institute recently received a question from Grant. Here's his question. "I have an FHA loan and want to get a loan modification. My bank is playing hardball and won't modify the loan at all.
Read More...
Homes in Hollister CA – The Stop Foreclosure recently received a question from Georgia. Here's her question. "When the bank says the file should be going to an investor soon, what does that mean?~ Georgia E." Discover how other sellers
Read More...
Homes in Hollister CA – How do foreclosures, loan modifications or short sales affect a credit score? Your credit score will be affected by late mortgage payments and a short sale. However, there are two things considered horrible on your credit
Read More...
Homes in Hollister CA – If the right decision for you and your family is to sell your house as a short sale, the sale will have an immediate effect on your credit score. Discover how other sellers successfully executed a short sale to avoid foreclosure
Read More...
Homes in Hollister CA – It always amazes me how some people will do anything to have perfect credit. They would rather go hungry than risk harming their prefect credit rating. A good example is a guy I will call Seth. Seth has perfect credit. He's
Read More...
Homes in Hollister CA – The Stop Foreclosure Institute recently received a question from Paul. Here is Paul's question. "I am selling my house as a short sale. I am behind on the mortgage payments. Do you think I should still pay my credit
Read More...
Homes in Hollister CA – Bankruptcy is one of the scariest words lenders can hear. A bankruptcy filing can stall their ability to foreclose by six months and sometimes as long as a year. The lenders know that most bankruptcies will cause them to
Read More...
Homes in Hollister CA – In my opinion, loan mods are very tough to negotiate with large lenders like Bank of America, Wells Fargo, JP Morgan Chase, or SunTrust. The reason is because you're treated like a number. In addition, in most cases the
Read More...
Homes in Hollister CA – This is good news or bad news, depending on how you look at it. Here's the good news. If you're a little guy having financial problems, you are not alone. Even billionaires are facing foreclosure. One billionaire
Read More...
Homes in Hollister CA – Here are four specific examples of a big bank's negligence causing a loan owner to lose money. Discover how other sellers successfully executed a short sale to avoid foreclosure by clicking here. Example #1: Not giving
Read More...
Homes in Hollister CA – Here's a shocking fact most of the American public doesn't know: most mortgages aren't owned by banks. Discover how other sellers successfully executed a short sale to avoid foreclosure by clicking here. In addition,
Read More...
Homes in Hollister CA – The Stop Foreclosure Institute recently received a question from Durry. Here was Durry's question. "We have American Home Mortgage Servicing, a loan processor for a mortgage held by Deutche Bank, adding a 1% 'processing
Read More...
Homes in Hollister CA – Sometimes it seems like short sales are tough. "Don't try to short sale your house. Short sales never go through," people tell you. Discover how other sellers successfully executed a short sale to avoid foreclosure
Read More...
Homes in Hollister CA – A negotiator at a large bank tried to mislead a Stop Foreclosure Institute Member. She really got on our nerves. Discover how other sellers successfully executed a short sale to avoid foreclosure by clicking here. You see,
Read More...
Homes in Hollister CA – People often wonder why their lender will release their debt in a short sale. Most lenders don't like to release the debt, but they agree to do it because they know that policy nets them more money. They net more because
Read More...
Hollister CA – GMAC, was the financing arm of General Motors. It was taken over by Uncle Sam and has been mostly privatized as Ally Financial. However, many people still have loans from the original GMAC. Some of these homeowners want to short sale,
Read More...
Homes in Hollister CA – Here is a question the Stop Foreclosure Institute recently received from James: "I am in the middle of a very long negotiation with Chase. The seller had me put a clause into the contract stating 'upon approval of
Read More...
Hollister Homes for Sale – Here's a technique you can use to "strong arm" your lender on your short sale. The number one reason people short sale is to salvage their credit. After all, a short sale has much less of an impact on your
Read More...
Hollister Homes for Sale – Many people are shocked that it's often cheaper to short sale and rent than stay in your home with a loan modification. They find it hard to believe they can rent a comparable or even nicer home for less than their
Read More...
Hollister Homes for Sale – Barron's Magazine recently had an article entitled "Renter Nation." In it, the publication detailed the various factors at work that will reduce the homeownership rate in America. Discover how other sellers
Read More...
Hollister Homes for Sale – Here is something that drives inexperienced short sale agents crazy: a HUD-1, also called a HUD. HUD is the Federal Agency, the Department of Housing & Urban Development, also called HUD. A HUD-1 is a document regulated
Read More...
Hollister CA – Many of the short sale sellers we help are selling their home to avoid foreclosure. In addition, they are receiving lots of harassing calls from debt collectors. These debt collectors seem to think that if you call someone with no
Read More...