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

Tag Archives: Banks

USA Short Sales: Benefits of Bank of America’s New Short Sale Program

USA – Bank of America’s Cooperative Short Sale makes the entire short sale process easier for everyone involved. The bank has rolled this out because a short sale reduces their losses compared to a foreclosure. A short sale is quicker than a foreclosure and it doesn’t tarnish the bank’s reputation as much as a foreclosure…. Continue Reading

USA Short Sales: How To Keep Your Home With A Forbearance Agreement

USA – With a forbearance agreement, your bank agrees to hold back on its legal right to exercise foreclosure on you. They do this by coming up with a plan to bring you current on your mortgage payments after giving you some kind of a breather period. Click here to discover how other sellers successfully… Continue Reading

Can your USA Short Sale Realtor beat the 80% short sale failure rate?

USA – Some people think that short sales represent a bargain in the real estate world. Some people have said that banks sell short sales for below market value because they want to avoid foreclosure. That isn’t true. Yes, banks do prefer to sell a property in foreclosure as a short sale. They know that… Continue Reading

USA Short Sale Question: Should I Short Sale Or Declare Bankruptcy?

USA – The Stop Foreclosure Institute recently received a question from James. Here is his question. “I am upside down by $300,000 on my home. I want to move, but I am concerned about having that $300,000 debt chasing me for the rest of my life. A friend mentioned I could get it wiped out… Continue Reading

USA Short Sale Myth: Short Sales Are Always Sold Below Market Value

USA – Some people think that short sales represent a bargain in the real estate world. Some people have said that banks sell short sales for below market value because they want to avoid foreclosure. That isn’t true. Yes, banks do prefer to sell a property in foreclosure as a short sale. They know that… Continue Reading

How A USA Short Sale Realtor Determines The Value Of Your Home

USA – It is very helpful in loan modification negotiations to know the fair market value of your home. You can use the value to convince your lender to accept your loan modification offer. As an experienced Short Sale Realtor, I can help you determine the value of your home. Here’s how I do that…. Continue Reading

USA Short Sales: What Occupy Wall Street Doesn’t Know About Bankers

USA – Occupy Wall Street Protestors are not having the best success attacking Wall Street and the banks. But, that is because they are complaining about what they think is wrong with the situation. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. If the protestors only knew the… Continue Reading

How I Make The USA Short Sale Process Faster and Easier

USA – Here is a problem: Buyers don’t like short sales because of the uncertainty and the wait. How do we solve this problem? Click here to discover how other sellers successfully did a short sale and avoided foreclosure. During the short sale process, if the BPO gets completed and the bank won’t accept the… Continue Reading

When A Bank Should Approve A USA Short Sale

USA – The Stop Foreclosure Institute recently received a question from James. Here was his question. 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… Continue Reading

USA Short Sales: Is It Ethical For Lenders To Make Millions At Your Expense?

USA – Many lenders do not own the loans they handle. Instead, they are 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. A bank forecloses on a house and waits for over a year to list it for… Continue Reading