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

Tag Archives: Mortgage Debt

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

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

An Eighth Common USA Short Sale Myth: I Can Erase Any Deficiency On My Upside Down Home By Simply Declaring Bankruptcy

USA – A lot of people incorrectly think that bankruptcy is a “Get Out Of Jail Free” card. Yes, bankruptcy does not help a lot of people get back on their feet. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. However, it is not a “Get Out Of… Continue Reading

USA Short Sales: How do I benefit from a Short Sale?

USA – The Stop Foreclosure Institute is closing another short sale tomorrow. The sellers had a job transfer out of state. They were short selling an FHA loan with a second mortgage. The short sale was fairly simple because FHA’s short sale guidelines. Click here to discover how other sellers successfully did a short sale… Continue Reading

Short Selling Your USA House? Why Not Get Out Of Debt At The Same Time?

USA – A short sale is the best option to erase upside down mortgage debt. A homeowner can often erase hundreds of thousands of dollars in debt. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. I assume that you are looking to short sale for the following reasons…. Continue Reading

USA Short Sales: What Do Lenders Consider A Legitimate Hardship For A Short Sale?

USA –We had a question about FHA short sales yesterday. We did some research on FHA short sales as a result. We stumbled upon something interesting. We have a list of all of the things that FHA considers legitimate hardships for a short sale. Click here to view the actual list from FHA. The good… Continue Reading

USA Short Sales: What Do Lenders Consider A Legitimate Hardship For A Short Sale?

USA – We had a question about FHA short sales yesterday. We did some research on FHA short sales as a result. We stumbled upon something interesting.  We have a list of all of the things that FHA considers legitimate hardships for a short sale. Click here to view the actual list from FHA. The… Continue Reading

Introduction To Loss Mitigation Concepts Course-Lesson 4- 15 ways to delay foreclosure

Today we’re going to be talking about ways to extend the time you have in foreclosure. I’ve come up with over 15 different ways to delay foreclosure. If, for some reason, you found one that I haven’t included, fill in the feedback down at the bottom of this page to let me know. I’m going… Continue Reading

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

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

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

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

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

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