April 2012 - Posts
Hollister CA – We recently received an email from Joy. She was thinking about a short sale but was worried about a deficiency. Here is a sentence from her email: "We obviously want to get the price as close to fair market value as possible
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Hollister CA – Thinking about a loan modification? If you can afford to do so, order an appraisal; alternately, do your own appraisal. Click here to discover how other sellers successfully executed a short sale and avoided foreclosure. Ask your
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Hollister CA – I received a note the other day from Andrew. He was upset that I would tell people who are upside-down on their house to ask for a principal reduction from their lender. Here is his email. Click here to discover how other sellers
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Hollister CA – Are you pulling your hair out trying to convince your lender to reduce the amount you owe on your home? People have a hard time grasping how difficult it is to get a loan modification that is fair. These banks just do everything they
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Hollister CA – When you negotiate your loan modification, you need to remember that the banks are professional negotiators. They know the tricks. They know how to suck as much money out of you as is legally possible. Don’t kid yourself. They’re
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Hollister CA – It's sad that the banks aren't willing to give anyone a principal reduction. The banks' reasoning is that if they start granting principal reductions, then every single upside-down homeowner will want one. Click here to
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Hollister CA – Most short sale negotiators are professional. They understand the seriousness of their jobs. They work hard to educate themselves on the industry and market trends. They are friendly and fun to work with. This is one of the things
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Hollister CA – The good news about the housing bust is that home prices are now more affordable. It is now cheaper to buy versus renting in many areas. Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.
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Hollister CA – The Stop Foreclosure Institute recently received a question from Sergio. Here is his question. "I have owned my house since 2006. My employer reduced my salary by 30%, and now I have to move out of state where I have found a
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Hollister CA – The return on investment is very good because of a tight rental market caused by the housing crisis. Rents have increased while home prices have dropped. Single Family Homes are the best way to go because they're easy to rent
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Hollister CA – The Pros of Rental Property. The tenant pays your mortgage payment. You won't make a lot of money while you have a mortgage. But where else can you have someone buy and pay off something for you? Click here to discover how other
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Hollister CA – Buying a rental property can be an excellent long-term investment. Some of the wealthiest people I know made their millions from rental properties. They started with a house and gradually moved up to apartment complexes. But does
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Hollister CA – Are you upside down on your mortgage? Try this. Sit down and run the numbers. How much will your upside-down mortgage cost you over the next 30 years? Click here to discover how other sellers successfully executed a short sale and
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Hollister CA – Many homeowners considering a short sale are concerned about a deficiency. "Will I be forced to repay my bank for the $150,000 the lender lost?" they ask me. Click here to discover how other sellers successfully executed
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Hollister CA – A Deed-In-Lieu is often called a "friendly foreclosure." A Deed-In-Lieu is basically the foreclosure equivalent of a plea bargain. The biggest beneficiary of a Deed-In-Lieu is the bank, which gets a faster, easier foreclosure.
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Hollister CA – A lot of people incorrectly think bankruptcy is a "get out of jail free" card. Yes, bankruptcy does not help a lot of people get back on their feet. Click here to discover how other sellers successfully executed a short
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Hollister CA – I'm writing a series in response to a number of big misconceptions I saw on a personal finance website online. We are on our final myth regarding what I saw in an article about short sales on a popular personal finance website.
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Hollister CA – I'm writing a series in response to a number of big misconceptions I saw on a personal finance website online. I don't know if the personal finance writer either didn't know about short sales and was pretending to be an
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Hollister CA – As you can see, some of the so-called short sale experts online don't know a lick about short sales. This article was on a finance site. But there were almost 300 comments, many from homeowners who were considering a short sale.
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Hollister CA – This is the fourth inaccuracy I've seen in an article about short sales. I read this article online and noted 7-8 big inaccuracies. You can't get solid and accurate information on short sales unless you talk to an agent who
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