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

Tag Archives: Title Company

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

Will your USA Short Sale Realtor follow up properly to ensure success?

USA – We got a short sale approved yesterday. This file was a fiasco from day one. Despite the incompetence we suffered, we got the file approved thru persistent follow up. The first lender handling the file was incredibly incompetent. Their short fax number didn’t work. We mailed the short sale package to them and… Continue Reading

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

How do I find a USA Realtor that specializes in short sales?

USA – Are you looking for a Gainesville Realtor that specializes in short sales. It is important that you pick the right agent. Many agents turn down short sale listings because they are unfamiliar with the process. These transactions are much more difficult and complicated than your average real estate transaction. Click here to discover… Continue Reading

USA Short Sales: There Is A Surprise Lien On The Short Sale

USA – The Stop Foreclosure Institute recently received a question from James. Here is his question. “Do you have any suggestions on a surprise lien from a Water Softener company? We were able to get Bank of America to approve the short sale without paying the lien. It could take another 60 days for Bank… Continue Reading

Introduction To Loss Mitigation Concepts Course-Lesson 7- 30 days to sheriff sale quick action plan

If you have 30 days or less before your house is scheduled to be auctioned off, this constitutes an emergency. You have to do something quick to start a short sale and if necessary you need to also consider and start researching immediately ways to delay the sheriff sale further. Article continues below The first… 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

Short Sale Your House & Get Paid E-Course- Segment 17: Negotiating the Acceptance Letter and Closing- continued

 Shifting cuts and using email A couple extra tips on top of your negotiation: Many concessions can be passed on to the buyer or buyer’s agent. For instance, the bank may set your agents’ limit to 5%. You can go to the agent that’s representing the buyer and let them know that the bank is requiring… Continue Reading

Short Sale Your House & Get Paid E-Course- Segment 15: Buyer’s Price Opinion (BPO)

  More follow up re BPO A Buyer’s Price Opinion or BPO is an appraisal or evaluation done by a real estate agent, sometimes done by an appraiser, in which case it is called an appraisal instead. You always want to specifically request an interior BPO or appraisal. Some banks will have somebody drive by,… Continue Reading

Short Sale Your House & Get Paid E-Course- Segment 11: Multiple Offers

Proof of Funds Insist on some proof of funds by all buyers, that’s another important thing.  Never accept an offer without some kind of proof that they buyer can actually close.  A story is not good enough; the fact that you know the person is not good enough. You need to see: A bank statement… Continue Reading