May 2011 - Posts
Hollister CA Homes– The Stop Foreclosure Institute recently talked with a homeowner whose home had been sold on the courthouse steps. We asked if she had considered selling the home as a short sale. "I did, but I heard that short sales are
Read More...
Hollister CA – The Stop Foreclosure Institute recently received a question from Max. Here is Max's Question. "If I pay mortgage insurance and default on my loan, why wouldn’t that cover the deficiency amount? Max." Discover how
Read More...
Homes in Hollister CA – Bank of America is consistently the worst short sale lender with which we have dealt. A lot of people sent me emails similar to the following: "You need to stop complaining. If you think having to re-open a file is bad,
Read More...
Homes in Hollister CA – We recently sent everyone in Congress a fax about a certain large bank that had done a lousy job on a short sale file. We waited 90 days for an answer on an offer. Get my Free, Step-by-Step Loan Modification Guide by clicking
Read More...
Homes in Hollister CA – The Stop Foreclosure Institute recently received a question from Brandon. Brandon is selling his house, and something very interesting happened. Brandon’s Question: "My loan is with American Home Mortgage (AHMSI
Read More...
Homes in Hollister CA – The Stop Foreclosure Institute recently received an email from another real estate agent asking for our advice on a short sale. The agent accused a large, national lender (one of the four largest in America) of lying to Fannie
Read More...
Homes in Hollister CA – The Stop Foreclosure Institute recently received a question about renting a home in foreclosure. Short Sale Question: "I am selling two of homes that are short sales. I would like to rent the homes during the foreclosure
Read More...
Homes in Hollister CA – Another agent recently emailed the Stop Foreclosure Institute who was having a hard time with a short sale on a Fannie Mae Loan. Get my Free, Step-by-Step Loan Modification Guide by clicking here. Here is an excerpt from
Read More...
Homes in Hollister CA – I'm sure some people were wondering why a HELOC gets zero from a foreclosure. Let me explain why. Get my Free, Step-by-Step Loan Modification Guide by clicking here. When a property is foreclosed upon, it's auctioned
Read More...
Homes in Hollister CA – The Stop Foreclosure Institute recently received a question about short sales. Here's the question. "What is your experience with Chase Heloc's? I have a HELOC that is a second mortgage. Citi (the first) will
Read More...
Homes in Hollister CA – We at the Stop Foreclosure Institute receive calls all the time that go something like this: “I've fought the bank for year and a half, and after paying thousands and thousands I've decided to short sale. Can
Read More...
Homes in Hollister CA – The Stop Foreclosure Institute recently received a question from Cathy. Here is her question. "I am trying to buy a house that is a short sale. It has been four months, and we have heard nothing. The agent did mention
Read More...
Homes in Hollister CA – The Stop Foreclosure Institute received a few responses from yesterday's blog post. Most of the questions went something like this. "I think a lender would be stupid to approve an investment property short sale for
Read More...
Homes in Hollister CA – Lenders reject loan modifications only to lose more money when they sell the home after foreclosure. Here is how to prove the loss to them. Get my Free, Step-by-Step Loan Modification Guide by clicking here. When you request
Read More...
Homes in Hollister CA – Here are the recommended steps to take before you strategically default. We have consulted a financial expert who recommends these steps before strategically defaulting. He believes taking these steps will reduce the likelihood
Read More...