Tag: Loss Mitigation Department | Stop Foreclosure Foundation

USA Short Sale Question: What Kind Of hardship Would My Lender Consider Legitimate?

Posted on January 30, 2012 by CarlOrb • 0 Comments

USA – The type of hardship that your lender will consider legitimate depends on the mortgage company considering the Short Sale request. In general, so long as the hardship is real & acceptable and the mortgage company believes the loan is likely to become delinquent. As a result, the Short Sale request will be processed by… Continue Reading

Filed Under: Avoid Foreclosure, Loan Modification, Misc. Foreclosure, Selling my house, Short Sales

One Key To Getting A USA Short Sales Approved

Posted on January 13, 2012 by CarlOrb • 0 Comments

USA – Working to convince a bank to approve a short sale is what I do every day. I work with lenders on a daily basis. I understand the importance of starting the process in a way that is likely to succeed with the lender’s loss mitigation department. Click here to discover how other sellers… Continue Reading

Filed Under: Avoid Foreclosure, Loan Modification, short sale, stop foreclosure

USA Short Sale Question: Lender Won’t Approve The Short Sale. What Should I Do?

Posted on October 21, 2011 by CarlOrb • 0 Comments

USA – The Stop Foreclosure Institute recently received a question from another agent named Sylvia. Here was her question. “Here’s a question for you. I have a short sale with two offers. The appraisal was close to the sales price and the inspection was good. However, the bank calls me and says, “Sorry, you can’t… Continue Reading

Filed Under: Loan Modification, short sale

Introduction To Loss Mitigation Concepts Course-Lesson 7- 30 days to sheriff sale quick action plan

Posted on November 5, 2010 by admin • 0 Comments

If you have 30 days or less before your house is scheduled to be auctioned off, this constitutes an emergency. You have to do something quick to start a short sale and if necessary you need to also consider and start researching immediately ways to delay the sheriff sale further. Article continues below The first… Continue Reading

Filed Under: Delaying foreclosure, keep, Keep my house, misc, Misc. Foreclosure, sell, Selling my house

Short Sale E-Course- Segment 19: Follow up on alternative ways of collecting money

Posted on October 31, 2010 by admin • 0 Comments

Variations on rebate method I promised to go into a further discussion of some of the non-recommended variations of collecting money in a short sale process, there’s a lot of ways to do it. Real estate is complicated and there’s so many ways to make money in real estate. In general you’re slightly more limited… Continue Reading

Filed Under: Delaying foreclosure, keep, Keep my house, misc, Misc. Foreclosure, sell, Selling my house

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

Posted on October 29, 2010 by admin • 0 Comments

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

Filed Under: Delaying foreclosure, keep, Keep my house, misc, Misc. Foreclosure, sell, Selling my house

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

Posted on October 29, 2010 by admin • 0 Comments

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

Filed Under: Delaying foreclosure, keep, Keep my house, misc, Misc. Foreclosure

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

Posted on October 29, 2010 by admin • 0 Comments

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

Filed Under: Delaying foreclosure, keep, Keep my house, misc, Misc. Foreclosure

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

Posted on October 21, 2010 by admin • 0 Comments

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

Filed Under: Delaying foreclosure, Keep my house, Misc. Foreclosure, sell, Selling my house

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

Posted on October 20, 2010 by admin • 0 Comments

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

Filed Under: Delaying foreclosure, Keep my house, Misc. Foreclosure, sell, Selling my house

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