Tag: Lenders | Stop Foreclosure Foundation

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

Posted on May 21, 2012 by CarlOrb • 1 Comment

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

Filed Under: Avoid Foreclosure, Loan Modification, Misc. Foreclosure, Selling my house, short sale, Short Sales, stop foreclosure

USA Short Sale Myth: The Mortgage Forgiveness Law Means That Everyone Gets To Short Sale With No Deficiency

Posted on May 21, 2012 by CarlOrb • 3 Comments

USA – I recently heard another so-called short sale expert say that the Federal Mortgage Forgiveness Debt Relief Act made it so that everyone gets to short sale with no deficiency The unfortunate news is that this is not true. In some state, state law forbids the lenders from attempting to collect from the homeowner… Continue Reading

Filed Under: Avoid Foreclosure, Delaying foreclosure, Keep my house, Loan Modification, Misc. Foreclosure, Selling my house, short sale, Short Sale Deficiency, Short Sales, stop foreclosure

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

Posted on May 15, 2012 by CarlOrb • 0 Comments

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

Filed Under: Avoid Foreclosure, Delaying foreclosure, Keep my house, Loan Modification, Misc. Foreclosure, Selling my house, short sale, Short Sale Deficiency, Short Sales, stop foreclosure

Don’t Accept A Promissory Note When You Short Sale Your USA Home

Posted on May 15, 2012 by CarlOrb • 2 Comments

USA – Many lenders ask for a promissory note on short sales. This is especially true if the lender has Private Mortgage Insurance (also called PMI) that has to approve the short sale. The PMI companies know that homeowners will do anything to protect their credit when they are short selling their home. Click here… Continue Reading

Filed Under: Avoid Foreclosure, Delaying foreclosure, Keep my house, Loan Modification, Misc. Foreclosure, Selling my house, short sale, Short Sale Deficiency, Short Sales, stop foreclosure

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

Posted on April 18, 2012 by CarlOrb • 0 Comments

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

Filed Under: Avoid Foreclosure, Delaying foreclosure, Keep my house, Loan Modification, Misc. Foreclosure, Selling my house, short sale, Short Sale Deficiency, Short Sales, stop foreclosure

Another Common USA Short Sale Myth: Short Sales Are Very Difficult And Not Worth The Aggravation

Posted on April 3, 2012 by CarlOrb • 0 Comments

USA – It is frustrating to see how many myths are shoved on the public by so called “short sale experts.” These people rarely have any short sale experience. If they do have any experience, it was that short sales are so difficult. But, that is like someone who has never driven a car before… Continue Reading

Filed Under: Avoid Foreclosure, Delaying foreclosure, Keep my house, Loan Modification, Misc. Foreclosure, Selling my house, short sale, Short Sale Deficiency, Short Sales, stop foreclosure

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

Posted on April 2, 2012 by CarlOrb • 0 Comments

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

Filed Under: Avoid Foreclosure, Delaying foreclosure, Keep my house, Loan Modification, Misc. Foreclosure, Selling my house, short sale, Short Sale Deficiency, Short Sales, stop foreclosure

The Biggest Mistake Buyers Make When Buying A Short Sale

Posted on March 26, 2012 by CarlOrb • 0 Comments

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

Filed Under: Avoid Foreclosure, Delaying foreclosure, Keep my house, Loan Modification, Misc. Foreclosure, Selling my house, short sale, Short Sale Deficiency, Short Sales, stop foreclosure

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

Posted on March 20, 2012 by CarlOrb • 0 Comments

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

Filed Under: Avoid Foreclosure, Loan Modification, Misc. Foreclosure, short sale, Short Sales, stop foreclosure

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

Posted on March 12, 2012 by CarlOrb • 0 Comments

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

Filed Under: Avoid Foreclosure, Delaying foreclosure, Keep my house, Loan Modification, Misc. Foreclosure, Selling my house, short sale, Short Sale Deficiency, Short Sales, stop foreclosure

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