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

Tag Archives: People

USA Short Sales: Why Persistence Is So Important In Success At Short Sales

Posted on February 28, 2012 by CarlOrb • 0 Comments

USA – In a recent blog posts, I discussed how banks throw out a short sale file if it is rejected. When an offer comes in on a short sale, it takes 30-60 days for a person at the bank to look at the offer. Click here to discover how other sellers successfully did a… Continue Reading

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

How Can a USA Realtor Help Me When I’m Facing Foreclosure?

Posted on December 13, 2011 by CarlOrb • 0 Comments

USA – While most people think of realtors as a person you turn to only when you’re buying or selling a home; many don’t realize that a realtor’s expertise in the housing industry can help you in other ways also. If you are facing possible foreclosure, turning to a realtor for help may be one… Continue Reading

Filed Under: Avoid Foreclosure, Loan Modification, Short Sales

USA Short Sale Myth: Short Sales Are Always Sold Below Market Value

Posted on December 6, 2011 by CarlOrb • 0 Comments

USA – Some people think that short sales represent a bargain in the real estate world. Some people have said that banks sell short sales for below market value because they want to avoid foreclosure. That isn’t true. Yes, banks do prefer to sell a property in foreclosure as a short sale. They know that… Continue Reading

Filed Under: Avoid Foreclosure, Loan Modification, Short Sales

USA Short Sales: Why Is This Lender Lying To This Homeowner?

Posted on October 12, 2011 by CarlOrb • 0 Comments

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

Filed Under: Avoid Foreclosure, Selling my house, stop foreclosure

USA Short Sales: Does escalating the file even work?

Posted on October 11, 2011 by CarlOrb • 1 Comment

USA – The Stop Foreclosure Institute recently received a question from Katie. Here was her question. I am an agent and I am helping someone short sell their house. X Lender (to remain unnamed) claims that they have sent a short sale package to the seller a couple of times. But, they haven’t because my… Continue Reading

Filed Under: Avoid Foreclosure, Short Sales, stop foreclosure

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

Posted on October 9, 2011 by CarlOrb • 0 Comments

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

Filed Under: Avoid Foreclosure, Short Sales, stop foreclosure

A Common USA Short Sale Negotiation Mistake: Not Learning The Buyer’s Motivation

Posted on October 4, 2011 by CarlOrb • 0 Comments

USA – Despite what you have been told price isn’t the only reason people buy. Maybe they really like a certain feature in your home.  They might be willing to pay more because of that feature. Sometimes they might even absolutely love that feature. They have been home hunting for a while and finally found… Continue Reading

Filed Under: Avoid Foreclosure, Misc. Foreclosure, Short Sales

USA Short Sale: Can I Rent My Home If It Is In Foreclosure?

Posted on October 3, 2011 by CarlOrb • 0 Comments

USA – The Stop Foreclosure Institute recently received a question from Josh. Here was his question. “I heard that a short sale reduces a lender’s losses by 20% compared to a foreclosure. You would think that would make them excited to work on my short sale. But, they are dragging their feet. My lender isn’t… Continue Reading

Filed Under: Avoid Foreclosure, Delaying foreclosure, Misc. Foreclosure, Short Sales, stop foreclosure

Common USA Short Sale Myth: Selling My House As A Short Sale Is An Embarrassment

Posted on October 2, 2011 by CarlOrb • 1 Comment

USA – You might think it is an embarrassment to sell your home as a short sale. “My friends will laugh at me when they realize that I owe more on my house than it is worth”, some people think. The reality is that many Americans are in your same position. In fact, some experts… Continue Reading

Filed Under: Avoid Foreclosure, Keep my house, Selling my house, Short Sales

USA Short Sale Myth: The bank wants a deficiency on the short sale so I can get out of it by letting them foreclose

Posted on September 30, 2011 by CarlOrb • 1 Comment

USA – Most people short selling their home do not want to repay the deficiency. And in most cases, the lender allows them to walk away with no deficiency. But, that is not always the case. Some banks are very pushy when it comes to the deficiency. They won’t approve the short sale unless the… Continue Reading

Filed Under: Avoid Foreclosure, Delaying foreclosure, Misc. Foreclosure, Short Sales


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©2011 Stop Foreclosure Foundation All Rights Reserved. By entering your email address you are also requesting and agreeing to subscribe to our free email newsletter. Andrew W. Morris is a licensed real estate broker with the State of Ohio (BRK.2008004009). Realty Trust Services, LLC is registered with the State of Ohio as a real estate company (REC.2009001863). Andy Morris, Realty Trust Services, Stop Foreclosure Foundation and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorsed by the government or your lender.
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