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

Tag Archives: Foreclosures

With Home Prices Dropping, In Many Parts of USA It Is Cheaper to Own Than Rent

USA – The good news about the housing bust is that home prices are now more affordable. It is now cheaper to buy versus renting in many areas. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. “At the peak of the real estate bubble, cities like Miami, Phoenix… Continue Reading

It Isn’t Likely Your Lender Will Collect Any More Money From You After A USA Short Sale

USA – Many homeowners considering a short sale are concerned about a deficiency. “Will I be forced to repay my bank for the $150,000 they lost”, they ask me. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The good news is that most homeowners are able to walk… Continue Reading

USA Short Sales: Bank of America Still Has Huge Problems

USA – In 2010, an agent I know talked to the person at Bank of America in charge of the Loss Mitigation Department. He was the top manager in the department that handles short sales, loan modifications, and foreclosures. He contacted this agent because agents were banding together to educate the public on the mistakes… Continue Reading

USA Short Sales: Why The Lack of Accountability Has Hurt The Housing Market & US Economy

USA – The National Consumer Law Center wrote a White Paper on how banks handle loan modifications, short sales and foreclosures. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. They titles their White Paper “Why Servicers Foreclose When They Should Modify and Other Puzzles of Servicer Behavior.” Check… Continue Reading

How Can a USA Realtor Help Me When I’m Facing Foreclosure?

USA – While most people think of realtors as a person you turn to only when you’re buying or selling a home; many don’t realize that a realtor’s expertise in the housing industry can help you in other ways also. If you are facing possible foreclosure, turning to a realtor for help may be one… Continue Reading

USA Short Sale Myth: Banks Aren’t Approving Short Sales Because They Don’t Want To Take Big Losses

USA – This is another short sale myth we’ve seen tossed around. Some people in the media even suggested that banks were delaying foreclosures to delay losses being recorded on their books. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here is what I think is the real… Continue Reading

USA Short Sales: How To Hold Your Bank Accountable

USA – In our last post, we ranted about how the bankers do a lousy, incompetent job on short sale and loan modification negotiations. Here is how you can avoid suffering under their incompetence. The key is to hold your bank accountable. Here’s how to do that. Click here to discover how other sellers successfully… 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

Fixing Credit After A USA Short Sale Step 3: Rank Items In Order Of Importance

USA – The next step in going over your credit reports is to really rank the items being reported about you to find ones that are the most negative. Rank the negative items with the MOST negative ones given the lowest ranking. Get my Free, Step By Step Loan Modification Guide by clicking here. You… Continue Reading

The Second Step In Fixing The Flawed USA Short Sale Process

USA – In our last post, we agreed that the first step in fixing the flawed short sale process is to acknowledge what the problem is. We agreed that the problem is that the lenders and investors are losing billions on defaulted loans. In addition, American Homeowners are losing billions on declining home values caused… Continue Reading