Loan modification, foreclosure defense, short sales and other strategies for the burdened homeowner

Tag Archives: Bank Foreclosure

A Ninth Common USA Short Sale Myth: A Deed In Lieu is not a foreclosure and therefore does not harm my credit like a foreclosure would

USA – 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. They get a faster, easier foreclosure. But, what do you, the homeowner, get? Click here to discover how other sellers successfully did a short sale… Continue Reading

A Sixth Common USA Short Sale Myth: Banks Accept Short Sales Because Foreclosure Auctions Bring Much Less Money

USA – 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 write either didn’t know about short sales and was pretending to be an expert, or they were being fed bad information. It could have been the… Continue Reading

USA Short Sales: Why Would a Bank Issue an Extension on a Short Sale Approval Letter?

USA – The most likely reason why a bank would accept to issue an extension on a short sale is because the bank prefers to do the short sale over the foreclosure. This is a reason why your agent needs to continue to tell them on why the short sale will be beneficial during the… Continue Reading

Introduction To Loss Mitigation Concepts Course-Lesson 3- How much time do I have?

Today we are going to be talking about how much time you have and how to find out how much time you have. This is a very important question that has probably drilled itself into your mind if you are in foreclosure. Many people at least if their state does judicial foreclosures will get a… Continue Reading

Do I have enough time to do a short sale?

Today we are going to be talking about how much time you have and how to find out how much time you have. This is a very important question that has probably drilled itself into your mind if you are in foreclosure.