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

Tag Archives: Fha

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

USA Short Sales: Why Won’t My Lender Allow Me To Walk Away With No Deficiency?

USA – The Stop Foreclosure Institute recently received a question from James. Here was his question. “We are in the middle of a very long negotiation with a large national lender. I had my agent put a clause into the contract stating “upon approval of short sale by sellers’ lender, lenders, & or affiliates, client,… Continue Reading

USA Short Sale Myth: I will have a deficiency no matter what happens

USA – Some homeowners looking to short sell their home think that they will have to repay their lender for the entire loss. It’s unfortunate to see them stress out and lose sleep at night wondering how they will repay the debt. A short sale loss is usually a large bill for the average homeowner…. Continue Reading

USA Short Sales: What Do Lenders Consider A Legitimate Hardship For A Short Sale?

USA –We had a question about FHA short sales yesterday. We did some research on FHA short sales as a result. We stumbled upon something interesting. We have a list of all of the things that FHA considers legitimate hardships for a short sale. Click here to view the actual list from FHA. The good… Continue Reading

USA Short Sale Myth: I will have a deficiency no matter what happens

USA – Some homeowners looking to short sell their home think that they will have to repay their lender for the entire loss. It’s unfortunate to see them stress out and lose sleep at night wondering how they will repay the debt. A short sale loss is usually a large bill for the average homeowner…. Continue Reading

USA Short Sales: What Do Lenders Consider A Legitimate Hardship For A Short Sale?

USA – We had a question about FHA short sales yesterday. We did some research on FHA short sales as a result. We stumbled upon something interesting.  We have a list of all of the things that FHA considers legitimate hardships for a short sale. Click here to view the actual list from FHA. The… Continue Reading

USA Short Sale: Sick Of Your Loan Mod Taking Forever? Why Not Contact Congress?

USA – We recently send everyone in congress a fax about a certain large bank. They had done a lousy job on a short sale file. We waited 90 days for an answer on an offer. Get my Free, Step By Step Loan Modification Guide by clicking here. The buyer got impatient and walked. Fortunately… 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