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

Tag Archives: Chapter 7 Bankruptcy

Three Ways To Reduce Your USA Short Sale Deficiency

USA – No one wants a deficiency on a short sale. It’s not your fault the housing market crashed. In fact, some people say that the banks and Wall Street are what caused the crash. Get my Free, Step By Step Loan Modification Guide by clicking here. Here are four ways that you can reduce… Continue Reading

Three Ways To Reduce Your USA Short Sale Deficiency

USA – No one wants a deficiency on a short sale. It’s not your fault the housing market crashed. In fact, some people say that the banks and Wall Street are what caused the crash. Get my Free, Step By Step Loan Modification Guide by clicking here. Here are four ways that you can reduce… Continue Reading

Introduction To Loss Mitigation Concepts Course-Lesson 4- 15 ways to delay foreclosure

Today we’re going to be talking about ways to extend the time you have in foreclosure. I’ve come up with over 15 different ways to delay foreclosure. If, for some reason, you found one that I haven’t included, fill in the feedback down at the bottom of this page to let me know. I’m going… Continue Reading

Introduction To Loss Mitigation Concepts Course- Lesson 1- Options: Selling Your House

Lesson 1 Options: Selling your house   If you have chosen to move you have plenty of options. You may want to use a delay option along with any of the move options to facilitate a sale and to facilitate your move. A note regarding litigation which I mentioned in two of the previous strategies,… Continue Reading

Introduction To Loss Mitigation Concepts Course- Lesson 1- Options: Delaying Foreclosure

Lesson 1 Options: Delaying foreclosure Let’s cover some of the strategies for delaying foreclosure. There are many different ways to delay a foreclosure and I recommend that you combine these strategies along with a stay in your house strategy or a move out of your house strategy that I have. Delaying can be necessary when… Continue Reading

Introduction To Loss Mitigation Concepts Course- Lesson 1- Options: Staying in House

Lesson 1- Options: Staying in house Let’s start with your options for staying. Some of these options are obvious:   My foreclosure option #1- Catch everything current- you can cure the default and catch everything current. That’s an option if you have money. I’m assuming that you wouldn’t have gotten in the situation if you… Continue Reading

Short Sale Your House & Get Paid E-Course- Segment 18: Negotiating, Acceptance Letter, Closing and Conclusion

 Negotiating multiple liens What if there are multiple liens and you need to negotiate with multiple lien holders, how do you do that? The problem when you’re dealing with multiple liens is that the first mortgage will not approve a short sale unless all junior liens receive no more than a total of $1000. However, if you’re… Continue Reading

Short Sale Your House & Get Paid E-Course- Segment 17: Negotiating the Acceptance Letter and Closing- continued

 Shifting cuts and using email A couple extra tips on top of your negotiation: Many concessions can be passed on to the buyer or buyer’s agent. For instance, the bank may set your agents’ limit to 5%. You can go to the agent that’s representing the buyer and let them know that the bank is requiring… Continue Reading

Short Sale Your House & Get Paid E-Course- Segment 16: Negotiating the Acceptance and Closing

 Loss mitigator basics At some point when negotiating an acceptance letter and bringing your short sale to a successful close, you’re going to talk with an actual decision maker, an actual loss mitigator, someone who has some decision making capability. When you do, remember that the loss mitigator is a person. I’ve heard that he/she… Continue Reading

Short Sale Your House & Get Paid E-Course- Segment 15: Buyer’s Price Opinion (BPO)

  More follow up re BPO A Buyer’s Price Opinion or BPO is an appraisal or evaluation done by a real estate agent, sometimes done by an appraiser, in which case it is called an appraisal instead. You always want to specifically request an interior BPO or appraisal. Some banks will have somebody drive by,… Continue Reading