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

Tag Archives: Loan Modification

Will My Lender Sue Me After A USA Short Sale?

Posted on May 22, 2012 by CarlOrb • 1 Comment

USA – Many people are concerned about a potential lawsuit after a short sale. Many people ask us, “My lender just lost $150,000. Aren’t thing going to be angry that they are losing that much money? Won’t they sue me?” Click here to discover how other sellers successfully did a short sale and avoided foreclosure…. Continue Reading

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

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

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

Posted on May 21, 2012 by CarlOrb • 1 Comment

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

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

USA Short Sale Deficiencies On “Sliced & Diced Loans?

Posted on May 14, 2012 by CarlOrb • 0 Comments

USA – Another common type of loan that does not usually have a deficiency is a “Sliced and Diced” loan. A “Sliced and Diced” loan is a loan that has been securitized along with a bundle of other loans. Here is how that happened. John gets a loan from ABC Bank. ABC Bank is running… 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

Will I Owe A Deficiency On A USA Short Sale If I Have A VA Loan?

Posted on May 14, 2012 by CarlOrb • 0 Comments

USA – Another common type of loan that does not usually have a deficiency is a VA loan. But, how do you determine whether or not you have an VA loan? Click here to discover how other sellers successfully did a short sale and avoided foreclosure. On your original mortgage, 1-4 pages past the signature… 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

Will I Owe A Deficiency On A USA Short Sale If I Have An FHA Loan?

Posted on May 8, 2012 by CarlOrb • 1 Comment

USA – The next most common type of loan that does not usually have a deficiency is an FHA loan. But, how do you determine whether or not you have an FHA loan? Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here is the best way that I… 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 Sales: The Most Common Types Of Loan That Do Not Require A Deficiency

Posted on May 8, 2012 by CarlOrb • 1 Comment

USA – OK, let’s talk about the most common types of loans that do not require a deficiency on a short sale. The first common loan type is a Fannie Mae or Freddie Mac loan. I’ll call them Fannie & Freddie in this post. Freddie & Fannie are different quasi-governmental entities that own mortgages. For… 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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©2011 Stop Foreclosure Foundation All Rights Reserved. By entering your email address you are also requesting and agreeing to subscribe to our free email newsletter. Andrew W. Morris is a licensed real estate broker with the State of Ohio (BRK.2008004009). Realty Trust Services, LLC is registered with the State of Ohio as a real estate company (REC.2009001863). Andy Morris, Realty Trust Services, Stop Foreclosure Foundation and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorsed by the government or your lender.
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