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

Tag Archives: Bottom Line

Will I Have My Wages Garnished After A USA Short Sale?

USA – Many people are concerned about a deficiency after a short sale. They are afraid that their bank may garnish all of their wages. It’s scary to think that at any moment your bank could grab every dime you make and leave you broke. Most people short sell their house because of financial problems…. Continue Reading

Buying A USA Short Sales? Make Sure You Have This Person Helping You

USA – Thinking of buying a USA Short Sale? The short sale process is difficult to navigate. The first thing you should do it make sure that the agent who has the house for sale knows what they are doing. Click here to discover how other sellers successfully did a short sale and avoided foreclosure…. Continue Reading

USA Short Sales: Why Do Bank Negotiators Break The Rules?

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

A Common USA Short Sale Myth: You Must Have Defaulted On Your Loan Before Your Lender Will Talk About A Short Sale

USA – The Stop Foreclosure Institute recently received a question from Nathan. Here was his question. “I’ll stop making the payments on my condo. That way we can start on the short sale process with my lender. How far behind do I have to be before they will start negotiations. Click here to discover how… 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: Is Renting or Buying Back a Short Sale Mortgage Fraud?

USA – In many cases, short selling your home and then renting or buying it back is considered mortgage fraud. Because loan modifications are so difficult many homeowners are considering selling their home and then renting it from the new owner. Many homeowners look at this as the best way to get their loan balance… Continue Reading

Why Do USA Short Sales Negotiators Break The Rules?

USA – An agent with the Stop Foreclosure Institute recently had a short sale negotiator lie to them. We have spent the last 6 months figuring out all the rules for short sales on different loan types. The rules are different for an FHA Short Sale, a VA Short Sale, and a Fannie Mae Short… Continue Reading

USA Short Sales: What makes a good short sale realtor?

USA – A good short sale realtor will mean the difference between success and failure on your short sale. Here are the qualities that make a good, effective short sale realtor. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Persistence. Short sales are frustrating. Many times you will… Continue Reading

A Common USA Short Sale Negotiation Mistake: Dropping Your Price Before Negotiations Start

USA – Many buyers will ask what your bottom line is. They know that they can usually negotiate a home seller down to an even lower price. Don’t fall for it. You’ve already made the first move by setting a price for your home. Tell the buyers that you need to think it over and… Continue Reading

A Common USA Short Sale Negotiation Mistake: Dropping Your Price Before Negotiations Star

USA – Many buyers will ask what your bottom line is. They know that they can usually negotiate a home seller down to an even lower price. Don’t fall for it. You’ve already made the first move by setting a price for your home. Tell the buyers that you need to think it over and… Continue Reading