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
USA – The Stop Foreclosure Institute recently received a question from David. Here was his question. “I lost my job and am burning up my savings very fast. At the current rate I will only be able to pay my mortgage for a few months more. My lender won’t talk to me about a short… Continue Reading
USA – An agent with the Stop Foreclosure Institute recently had a short sale negotiator lie to them. We have spent the last 6 months figuring out all the rules for short sales on different loan types. The rules are different for an FHA Short Sale, a VA Short Sale, and a Fannie Mae Short… Continue Reading
USA – The Stop Foreclosure Institute recently received a question from David. Here was his question. “My lender ******** Bank verbally told me that my short sale was approved. However, now they are now telling me that Fannie Mae did not approve the sale. They gave me an option to pay $3,000 upfront and to… Continue Reading
USA – The Stop Foreclosure Institute recently received a question from Ryan. Here was Ryan’s question. “I own a rental house. When I bought it, the rent covered the mortgage and all the other payments. However, rental rates have declined in my area and the rent no longer covers the mortgage. Besides that, I had… Continue Reading
USA – On our last blog post, we ran some numbers on why a short sale reduces a lender’s losses by 20% compared to a foreclosure. Today I am going to add all the numbers together. That way we can see exactly how much this lender lost by not accepting the short sale. Click here… Continue Reading