USA – Many people are concerned about a potential lawsuit after a short sale. Many people ask us, “My lender just lost $150,000. Aren’t thing going to be angry that they are losing that much money? Won’t they sue me?” Click here to discover how other sellers successfully did a short sale and avoided foreclosure…. Continue Reading
USA – We had a negotiator at Bank of America try to push us around a little while ago. We’ve studied and analyzed all of the short sale guidelines and rules. This was an FHA loan and therefore would be governed by FHA’s Short Sale Guidelines. This means that the lender must follow FHA’s Specific… Continue Reading
USA – 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 to eliminate or reduce any deficiency the bank may assess, but… Continue Reading
USA – I received a note the other day from Andrew. He was upset that I would tell people that are upside down on their house to ask for a principal reduction from their lender. Here was his email. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. “I… Continue Reading
USA – 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 can to squeeze homeowners for as much money as… Continue Reading
USA – When you negotiate your loan mod 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 going to use every single tool in their tool chest to squeeze you. Click… Continue Reading
USA – 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 discover how other sellers successfully did a short sale and avoided foreclosure. As a result people are… Continue Reading
USA – 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 I like about selling short sales for a living. The downside is that every… Continue Reading
USA – 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. Now, I don’t pretend to know everything about short sales. But,… Continue Reading
USA – A bank should approve a short sale when it makes the best financial sense to do so. Here is a little known fact. About 80% of all loans are not owned by the bank handling them. That means that someone else is going to lose money if your bank rejects the short sale…. Continue Reading