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

Tag Archives: Banks

The Biggest Mistake Buyers Make When Buying A Short Sale

USA – We get all sorts of questions from buyers trying to purchase short sales. “We made an offer on a short sale almost 2 months ago. We haven’t heard anything back from the bank. Why won’t they approve my offer?”, they ask us. Click here to discover how other sellers successfully did a short… Continue Reading

Step Three to Get A USA Short Sale Approved In 90 Days Or Less

USA – We are explaining the steps to approving a short sale in 90 days or less. Today, we’re going to explain Step 3: Find out the BPO value. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. This seems fairly simple. But, most agents never find out this… Continue Reading

Step Two To Get A USA Short Sale Approved In 90 Days Or Less

USA – We are explaining the steps to approving a short sale in 90 days or less. Today, we’re going to explain Step 2: Influence the BPO. A BPO is a bank’s version of an appraisal. They use that property valuation to make a decision to approve or deny a short sale offer. Click here… Continue Reading

How To Get A USA Short Sale Approved In 90 Days Or Less

USA – Most agents complain about how short sales drag out for months at a time. Another agent once told me, “I hate short sales. They take 9-12 months to complete. The banks never call you back to let you know what is happening.” The real problem is that most home buyers will wait for… Continue Reading

How A USA Short Sale Could Help You Avoid Owing Money In The Future

USA – A good short sale agent can help you avoid owing thousands of dollars in the future. Why? Well, the most banks lose money when they reject a short sale. They turn down a sales price of $200,000. They foreclose on the home and put it up for sale. However, they are not able… Continue Reading

USA Short Sales: Who Loses When A Loan Modification Fails?

USA – Most people think that when a loan modification fails, then the homeowner who loses their home is the only party that loses. Well, often the bank loses as well. Let me explain why. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Many banks are turning down… Continue Reading

USA Short Sales: Why Do So Many Loan Modifications Fail?

USA – Everyone who has every tried to negotiate a loan modification with their lender has been frustrated with the process. We hear the following comments from frustrated homeowners all the time. “Why won’t they work with me?” I want to keep my home and pay them a reasonable payment. My home has dropped so… Continue Reading

A Good Example Of When A USA Short Sale Would Make Life Easier

USA – The Stop Foreclosure Institute recently received a question from Richard. “I accepted a job transfer and had to move. Unfortunately we were upside down on the house. I decided to rent it out rather than short sale it. The renters just moved out. I just checked the house. They trashed it! I could… Continue Reading

A Few Disadvantages Of A USA Short Sale

USA – There are some disadvantages of a short sale. But, remember how much a short sale would save you over a foreclosure. A short sale allows you to buy another home 2-4 years sooner and you avoid paying 2-4 years of rent. That would enable you to pay off your house 2-4 years sooner…. Continue Reading

USA Short Sales: Why It’s Not Embarrassing To Short Sale Your Home Anymore

USA – What a relief! You can now short sale your home and not feel like a loser. In fact, it’s becoming the “cool” thing to do. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. I recently read an article about how Medicare was costing way more than… Continue Reading