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

Tag Archives: Money Loan

USA Short Sale Question: I’m In A Jam With Two Mortgage Companies Fighting Over Money

USA – The Stop Foreclosure Institute recently received a question from another agent named Bonnie. Here was her question. “On my short sale, the first mortgage gave me a price and a net they would allow. The title company put together the closing documents and paid the first more than the minimum net they needed…. Continue Reading

USA Short Sale Q & A: The Second Mortgage Wants More Than The First Mortgage Will Give Them

USA – The Stop Foreclosure Institute recently received a question from Aggie. Here was Aggie’s Question. “We received a short sale approval on the 1st. They will only pay the second mortgage $3,000. The problem is that the second mortgage wants $5,500. We are arguing back and forth with the second mortgage. The negotiator there… Continue Reading

USA Short Sale Myth: If I Sell For More, Then I Won’t Have A Deficiency

USA – Some sellers think that if they sell their house for more money, then they are less likely to have a deficiency. Let me explain why that is not true. Get my Free, Step By Step Loan Modification Guide by clicking here. Another realtor recently told us about a short sale they were involved… Continue Reading

USA Short Sale Myth: If I Sell For More, Then I Won’t Have A Deficiency

USA – Some sellers think that if they sell their house for more money, then they are less likely to have a deficiency. Let me explain why that is not true. Get my Free, Step By Step Loan Modification Guide by clicking here. Another realtor recently told us about a short sale they were involved… 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

Foreclosure options for staying in your home- Video lesson 1 transcription (part 1 of 3)

Your options for avoiding foreclosure and staying in your home My foreclosure option #1- Catch everything current- Let’s start with your options for staying. Some of these options are obvious like you can cure the default and catch everything current. That’s an option if you have money. Obviously I’m assuming that you wouldn’t have gotten… Continue Reading