Tag: Money | Stop Foreclosure Foundation

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

USA Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender

Posted on May 7, 2012 by CarlOrb • 1 Comment

USA – Thinking about a loan modification. If you can afford to, then order an appraisal. Or, do your own appraisal. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Ask your realtor “Hey, what are houses in my area selling for?” I’ve seen people who bought a house… 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 Question: Should I Short Sale My Home?

Posted on April 24, 2012 by CarlOrb • 1 Comment

USA – The Stop Foreclosure Institute recently received a question from Sergio. Here was his question. “I have owned my house since 2006. My employer reduced my salary by 30% and now I have to move out of state where I have found a new job. The house is a problem. Since 2006 my house… 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

Why A USA Short Sale Is The Best Alternative To Get Out From Under An Upside Down Mortgage

Posted on April 18, 2012 by CarlOrb • 0 Comments

USA – Are you upside down on your mortgage? Try this. Sit down and run the numbers. How much will your upside down mortgage cost you over the next 30 years? Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Let’s say a homeowner bought a house 4 years… 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

I Am Trying To Buy A USA Short Sale. Can I Push The Process To Go Faster?

Posted on March 26, 2012 by CarlOrb • 2 Comments

USA – Buyers often ask us how they can make the short sale process go faster. It is a common complaint. Here is an example of the emailed we often receive. “I am trying to buy a short sale. It has been 4 months and we have heard nothing except that we are now on… Continue Reading

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

So You Want To Steal A Short Sale?

Posted on March 26, 2012 by CarlOrb • 1 Comment

USA – Some buyers think that a short sale is an opportunity for them to “steal” a home. They see courses on late night TV with the title: “How I Legally Rob Banks.” Those courses tell them the way to rob banks is to buy a short sale. They fail to tell you that the… Continue Reading

Filed Under: Avoid Foreclosure, Loan Modification, short sale, Short Sales

Step Two 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 2: Influence the BPO. A BPO is a bank’s version of an appraisal. They use that property valuation to make a decision to approve or deny a short sale offer. Click here… Continue Reading

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

USA Short Sales: Who Loses When A Loan Modification Fails?

Posted on March 12, 2012 by CarlOrb • 0 Comments

USA – Most people think that when a loan modification fails, then the homeowner who loses their home is the only party that loses. Well, often the bank loses as well. Let me explain why. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Many banks are turning down… Continue Reading

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

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