October 2011 - Posts
Hollister CA – Many lenders do not own the loans they handle. Instead, they're paid by the actual loan owner to collect payment. In my opinion, the banks make millions by understaffing their foreclosure departments. Here's a real life example.
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Hollister CA – The Stop Foreclosure Institute recently received a question from Chris. Here is his question. "I just got an approval from a large national lender this morning, and the approval letter stated the following: "Promissory Note
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Hollister CA – An agent with the Stop Foreclosure Institute recently had a short sale negotiator lie to her. We have spent the last six months figuring out all the rules for short sales on different loan types. The rules are different for an FHA
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Hollister CA – Very few people disagree that banks are not handling the housing crisis properly. Why is it so hard to get a reasonable loan modification? Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
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Hollister CA – Does it make you angry when a bank kicks a family out of its home and loses money as a result? This happens all the time. Let me explain how. Click here to discover how other sellers successfully executed a short sale and avoided
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Hollister CA - The Stop Foreclosure Institute recently received a question from a person attempting a loan modification on his home. Here is his question. "I have a first mortgage for $197,000. That was my original loan from when I bought my home.
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Hollister CA – We recently received an email from another agent who was having a hard time with a short sale. "I have been working this short sale file for four months. There has been 'no movement': no responses from the bank, no closing
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Hollister CA – The Stop Foreclosure Institute recently received a question from Samir. Here was his question. "I am thinking about short selling my house. I'm just wondering how I can get someone to help me. I know that your website says
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Hollister CA – Some experts speculate that banks don’t like to approve short sales or loan modifications. Here is why they think that. They think lenders are reluctant to speed up short sales or loan mods because they want to hold off the
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Hollister CA – We received some interesting and shocking news from another agent who told us that lenders are approving short sales and stating that they will allow the seller to walk away owing nothing. However, after the short sale is complete,
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Hollister CA – In our blog post a few days ago, we talked about a first and second mortgage that both wanted more money out of the deal. The problem was they were asking for it at the other's expense. In a sense, we had two monkeys with their
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Hollister CA – Is your lender being unreasonable and unwilling to let you short sale and walk away from the debt? Here is what to do. Click here to discover how other sellers successfully executed a short sale and avoided foreclosure. First, you
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Hollister CA – Many people are embarrassed that they're short selling their homes. They feel like they're somehow being dishonest or shady. Neither one of those is true. A lot of the people short selling today never had a blemish on their
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Hollister CA – Are you looking for a Hollister Realtor who specializes in short sales? It's important that you pick the right agent. Many agents turn down short sale listings because they are unfamiliar with the process. These transactions are
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Hollister CA – The Stop Foreclosure Institute recently received a question from another agent named Bonnie. Here is her question. "On my short sale, the first mortgage gave me a price and a net they would allow. The title company put together
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Hollister CA – The Stop Foreclosure Institute recently received a question from another agent named Beckie. Here is her question. "I have been waiting on my lender to approve or deny my short sale for seven months. We finally received an answer
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Hollister Short Sale Question: Lender Won't Approve the Short Sale. What Should I Do? Hollister CA – The Stop Foreclosure Institute recently received a question from another agent named Sylvia. Here is her question. "Here's a question
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Hollister CA – The biggest threat to your short sale is a high appraisal, which is why your agent needs to make sure the appraisal is accurate. Here is the process your agent needs to follow to ensure an accurate appraisal. Click here to discover
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Hollister CA – The biggest threat to your short sale is a high appraisal. Which is why your agent needs to make sure the appraisal is accurate. There are a lot of opinions on how to ensure the appraisal is correct and accurate. You need to check
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Hollister CA – The biggest threat to your short sale is a high appraisal. Banks consider short sales for economic reasons. A bank will approve a short sale only if it thinks it will net more money taking the short sale offer. To make sure it isn't
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Hollister CA – A bank should accept your short sale when the following rules apply. All banks and servicers have a fiduciary duty to the investor of the loan. If they own the loan themselves, they have a fiduciary duty to their stockholders. That
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