September 2011 - Posts
Hollister CA – A lot of homeowners want to short sale and walk away from the upside-down debt. They don't feel it's their fault the housing market crashed. We get the following questions a lot. "If I short sale, then how likely is it
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Hollister CA – The Stop Foreclosure Institute recently received a question from Amit. Here is his question. "Why does my lender need copies of my last two pay stubs? Are they hoping to garnish my paycheck? I am concerned that if I give it to
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Hollister CA – The Stop Foreclosure Institute recently received a question from Will. Here is his question. "I am thinking of short selling my house. There are some problems with the house. I know that most home buyers get a home inspected
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Hollister CA – Many agents think a short sale lender will not look at a file until the short sale file is perfect. "I need your financial information, last two years of tax returns, last two pay stubs, last two month's bank statements,
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Hollister CA – Some people think they can go around a homeowner and buy a home directly from the bank. "The seller has to submit our offer to the bank because the bank owns the house," they tell us. They assume they can sidestep the seller
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Hollister CA – I recently saw an article written by a prominent, so-called short sale expert. In the article, this supposed expert said the only rules for short sales are HAFA, but even those rules are subject to interpretation. That's like
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Hollister CA – If you have negotiated a short sale or loan modification, you've probably heard the lost paperwork excuse. "Oh, we lost your paperwork. Please refax it to this number," the lender's representative tells you. I have
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Hollister CA – You may wonder why a sales contract says the seller pays for certain costs and yet the bank covers the costs. Here's how it works. The sales contract may have a certain clause say: "Seller to pay title and seller's documentary
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Hollister CA – Yes, many people think they can negotiate with the lender. But some of them don't have the skills necessary to be successful. Here are a few of the things someone needs before he can negotiate a short sale. Click here to discover
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Hollister CA – We recently gave a couple of common reasons that short sales fail. Today we'll go through a few more reasons. To recap, here are the reasons we put in our previous blog post. Reason #1: The sales price is lower than the lender
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Hollister CA – The Stop Foreclosure Institute recently received a question from David. Here is his question. "My lender ******** Bank verbally told me that my short sale was approved. However, now they are now telling me that Fannie Mae did
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Hollister CA – A good short sale Realtor will mean the difference between success and failure on your short sale. Here are the qualities that make a good, effective short sale realtor. Click here to discover how other sellers successfully executed
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Hollister CA – The Stop Foreclosure Institute recently received a question from Chuck. Here is his question. "I'm trying to short sale. I received a note from my Insurance agent that my homeowner insurance will be cancelled as of this month
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Hollister CA – The Stop Foreclosure Institute recently received a question from Dave. Here is his question. "I would like to short sale my house. However, the foreclosure has already started. I don't know how soon the bank is going to come
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Hollister CA – The Stop Foreclosure Institute recently received a question from Katie. Here is her question. "I am an agent and I am helping someone short sell his house. X Lender (to remain unnamed) claims it has sent a short sale package
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Hollister CA – If you're thinking of short selling your house, you have probably heard about forensic loan audits. Some claim they're wonderful. "Your lender will approve your short sale right away," one so-called expert claimed.
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Hollister CA – If you get annoyed at your bank, here are a few methods you can use to let the world know about your lender's failings. One technique is a rip-off report. Just put all the information onto www.ripoffreport.com., and be sure to
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Hollister CA – A short sale is the best option to erase upside-down mortgage debt. A homeowner can often erase hundreds of thousands of dollars in debt. Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
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Hollister CA – Short sales can drag out. It takes one to two months to sell the house. Then the short sale negotiations start. They can drag out three to six months. In the meantime, if you aren't paying on the mortgage, the lender will be trying
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Hollister CA – The Stop Foreclosure Institute recently received a question from Aggie. Here is Aggie's question. "We received a short sale approval on the first day of the month. They will only pay the second mortgage $3000. The problem
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Hollister CA – Even though lenders pretend to hate short sales, they actually benefit from short sales. Let me explain why. A lender gets to sell the house at today's price, versus what it will be worth 6-12 months down the road. We just did
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