5/20/12 BP Newsletter: Pacing Your Investments, Increasing Profits, & Speeding Up New Deal Screenings
Hide thisWhy would your lender take less than you owe on your mortgage?
Friday, January 27
Why would your lender take less than you owe on your mortgage?
By Pasadena short sale agents, Munson Realty
Why would your lender accept less than what is owed on my mortgage? Lenders are in business to lend money, not to own real estate. They do not want the expense of the foreclosure process and/or the holding and maintaining of the property if it does not sell at foreclosure. The foreclosure process is very expensive and time consuming, so many lenders will agree to what seems a loss on the mortgage when they will actually save money by not completing the foreclosure and holding the property in their portfolio.
A short sale will usually result in a considerably smaller loss for the lender than a foreclosure would because of the holding time during which the property will likely sit vacant.
The bottom line is, lenders recover more money to cover their losses from a short sale than foreclosing on your property. It is a more effective measure than foreclosure.
Are you considering short selling your home? Munson Realty and their Pasadena short sale agents close short sales and save homeowners from foreclosure where others fail. To date, the only reason we have not been able to successfully close on a short sale is because the seller has reached out to us too late.
Our goal is to create a win-win scenario for “you”, the homeowner and your lender. If you think we can be of help, contact us at 626-376-9732. Let’s see if we can’t help you avoid foreclosure through a short sale.
Copyright © 2011 By Stephen Munson-Munson Realty, Pasadena short sale agents*Discreet and Confidential Short Sale • does a short sale stop foreclosure • foreclosure • foreclosures • hafa •hafa program • hafa short sale • hafa short sales • Pasadena short sale agents Pasadena short sales • Pasadena short sale broker • Pasadena short sales broker • short sale • short sales •strategic short sale • What is a strategic short sale
Los Angeles short sale agents-Munson Realty
Friday, January 27
Los Angeles short sale agents-Munson Realty
Munson Realty and their Los Angeles short sale agents are a group of real estate/property advisers, escrow agents and title representatives with the intention to streamline the short sale process. Our goal is to create a win-win scenario for “you”, the homeowner and your lender. Our team of experts has helped countless distressed sellers through the stressful threat of foreclosure.
Our Los Angeles short sale agents close short sales and save homeowners from foreclosure where others fail. We will be very direct in telling you that we cannot guarantee we will save you from your “auction sale date” but we do have a 92% successes ratio. To date, the only reason we have not been able to successfully close on a short sale is because the seller has reached out to us too late.
In California, you have approximately 90 days (may vary from lender to lender) from the Notice of Default filed by your lender for property to be sold at property auction.
Getting the short sale process started now with our Los Angeles short sale agents can stop foreclosure. If your intention is to stop foreclosure through a short sale then it is important that you start the short sale process sooner rather than later.
Our Los Angeles Short Sales Services are at NO Cost to you!
Contact one of Munson Realty’s Pasadena short sale agents to schedule a free evaluation. We will never ask you for a single dollar to short sale your home. Your lender, not you, pays our fees. In fact, there is a very good chance we can negotiate $3,000 in relocation expenses on your behalf.
Call Munson Realty’s Los Angeles short sale agents now if you are ready to avoid foreclosure through the short sale process. Our consultation is free and confidential.
Contact us : Locally (323) 216-9671 or (323) 216-9671 Spanish (877) 431-4432
Stephen Munson-Broker/Owner of Munson Realty|Southern California Real Estate is originally from Wichita, Kansas, and has lived in Los Angeles for over 20 years. He was born in 1968 and is a second-generation real estate professional. Being brought up in a family of real estate professionals, you could easily say that real estate is in his blood! He has personally practiced real estate for over 11 years, while his family has been in the business for over 2 decades.
Stephen Munson has always been attracted to serving the clients that require the most diligent care and need more attention than the traditional buyer or seller. Stephen specializes in sellers who are in difficult situations, such as avoiding foreclosure through a short sale or difficulties selling their home the first time around. First-time buyers are also some of the clients Stephen Munson is passionate in serving. He feels first-time buyers really need super focused coaching and a lot of “hand holding,” which he really enjoys.
As broker and owner of Munson Realty-Southern California Real Estate, Stephen employs only Realtors (agents) that share his enthusiasm for excellence in client care and integrity. “My agents must be able to bring a talent or skill set to the business that no other agent in town can offer, and they must do it extremely well!”
Stephen Munson is also author and host of several real estate related blogs and a professional public speaker. Aside from professionally coaching his agents in the craft of real estate, he also coaches other agents from
around the country.
Copyright © 2011 By Stephen Munson-Munson Realty, Los Angeles short sale agents *Pasadena short sale agents *Discreet and Confidential Short Sale • does a short sale stop foreclosure •foreclosure • foreclosures • hafa • hafa program • hafa short sale • hafa short sales • Los Angeles short sale agents Los Angeles short sales • Los Angeles short sale broker • Los Angeles short sales broker • short sale • short sales • strategic short sale • What is a strategic short sale
Los Angeles Short Sales FAQ by Munson Realty
Friday, January 27
Los Angeles Short Sales FAQ s
by Los Angeles short sale agents Munson Realty
Los Angeles Short Sales FAQ- 1-What is a Short Sale? A short sale is when the sale of a homes net proceeds do not fully pay off the existing mortgage loan(s) and the Lender is willing to accept a discounted payoff. The closing costs that are typically paid by the Seller are paid out of the proceeds from the sale, including but not limited to, commissions, escrow and title fees and any negotiated Buyer’s cost. Your home is sold and you avoid foreclosure.
Los Angeles Short Sales FAQ- 2-Why would my lender accept less than what is owed on my mortgage? Lenders are in business to lend money, not to own real estate. They do not want the expense of the foreclosure process and/or the holding and maintaining of the property if it does not sell at foreclosure. The foreclosure process is very expensive and time consuming, so many lenders will agree to what seems a loss on the mortgage when they will actually save money by not completing the foreclosure and holding the property in their portfolio.
Los Angeles Short Sales FAQ- 3-If I do a Short Sale, how much will I have to pay to sell my home? In most cases, you will not pay any sales costs if your Lender approves theShort Sale. All commissions, title and escrow fees, and some repair expenses are paid by the Lender, Investor or Mortgage Insurance company, if applicable, as part of the Short Sale approval.
Los Angeles Short Sales FAQ-4- How do I get started on a Short Sale? It’s easy! If you would like to see if you qualify for a Short Sale, give us a call at 626-376-9732. We will work with your Lender to get the process started.
Los Angeles Short Sales FAQ-5- Can I simply deed my property to someone else and avoid the hassle? Deeding your property to someone without paying off the mortgage loan does not forgive you of the debt, and the property is still encumbered by a lien. Always check with your attorney to verify all the options available to you.
Los Angeles Short Sales FAQ- 6-What sort of hardship would my lender consider legitimate? To some extent, that will depend upon the Lender considering your Short Sale request.
- Below you will find a list of common “hardships” that may be accepted by Mortgage Servicers:
- Family illness or injury
- Job relocation
- Job loss or significant income loss
- Divorce or split of domestic partners
- Death of a spouse
- Adjustment in mortgage payment or unforeseen increase in living expenses
- Too much debt
- Military service
Los Angeles Short Sales FAQ- 7-I am current on my mortgage, so will my Lender consider a Short Sale? The answer is, maybe. Some Lenders will consider a Short Sale offer on mortgage loans that are not delinquent. Other lenders will not consider a Short Sale offer until the loan is delinquent. We will work with you to put your Short Sale offer together and submit it for approval (remember, there is no charge for this). That is the best way to determine if your Lender will accept a Short Sale offer on a loan that is current.
Los Angeles Short Sales FAQ-8- Do lenders approve all Short Sales? No. That is why it is critical to work with someone, that has extensive experience at getting Short Sales approved and has direct contact with Mortgage Servicers.
Los Angeles Short Sales FAQ-9- I have a second mortgage on my property, so can I still do a Short Sale? Yes. We can also work with the Mortgage Servicer or lender that holds the second mortgage, (many times the same Mortgage Servicer holds the 1st and the 2nd loans) to put together a Short Sale transaction. It is very important however, that you let us know if you have a second mortgage, home equity line of credit (HELOC), or any type of lien against your property such as a Home Owners Association lien, tax lien or mechanics lien.
Los Angeles Short Sales FAQ-10- My property is in rough shape and needs work; can I still do a Short Sale? Absolutely, Lenders often take into consideration repair costs, as a factor, when determining whether to approve a Home Short Sale offer. I am concerned about my credit, so how will a Short Sale affect my credit? The goal is to avoid foreclosure. Consult your attorney to verify how this may affect your credit.
Los angeles Short Sales FAQ- 11-Can I receive cash from a Short Sale? No, Home Short Sales are only designed to get you out of your mortgage debt rather than going through the entire foreclosure process. It is not a refinance option and you will be vacating the property, as you would, if you were going through foreclosure.
Los angeles Short Sales FAQ-12- What if my home is not worth what I purchased it for?This is the typical scenario for a short sale, when you can only sale it for less than it is currently worth.
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What is a short sale-By Los Angeles Short Sale Agents Munson Realty
Friday, January 27
What is a short sale-By Los Angeles Short Sale Agents Munson Realty
What is a Short Sale-. In the past, it was rare for a bank or lender to accept a short sale. Now, however, due to overwhelming changes in the market, banks and lenders have become much more flexible when it comes to approving short sales. Recent changes in many corporate policies and the Obama administration have also greatly improved the chances of getting many short sales approved.
To be clear, here is a more technical definition:
What is a Short Sale-When a seller must sell their home for less than they owe on the property, and the lender that they owe the money to agrees to take less than they originally loaned to the seller, that is a short sale.
The “short” of the sale is the difference between what the property can be sold for now minus the loan balance. Example: Home owner owes $400K on loan for their home, but the home is only worth $300K. The “short” of the sale would be $100K Plus Expenses that the Lender would have to take a loss on.
What qualifies a seller for a short sale?
Here are just a few examples of Hardships that may qualify a seller for a short sale.
- Loss of Job
- Becoming disabled
- Divorce
- Death of a spouse
Hardships Explained
Who are we?
Munson Realty’s Los Angeles short sale agents are a group of real estate/property advisers, escrow agents and title representatives with the intention to streamline the short sale process. Our goal is to create a win-win scenario for “you”, the homeowner and your lender. Our team of experts has helped countless distressed sellers through the stressful threat of foreclosure.
But what is a short sale if it can’t save you from foreclosure? Well, we close short sales and save homeowners from foreclosure where others fail. We will be very direct in telling you that we cannot guarantee we will save you from your “auction sale date” but we do have a 92% successes ratio. To date, the only reason we have not been able to successfully close on a short sale is because the seller has reached out to us too late.
In California, you have approximately 90 days (may vary from lender to lender) from the Notice of Default filed by your lender for property to be sold at property auction.
Getting the short sale process started now can stop foreclosure. If your intention is to stop foreclosure through a short sale then it is important that you start the short sale process sooner rather than later.
Our Los Angeles short sale agents and their services are at NO Cost to you!
Contact us to schedule a free evaluation. We will never ask you for a single dollar to short sale your home. Your lender, not you, pays our fees. In fact, there is a very good chance we can negotiate $3,000 in relocation expenses on your behalf.
Call our Los Angeles short sale agents now at 323-216-9671 if you are ready to avoid foreclosure through the short sale process. Or you can fill out this Our consultation is free and confidential.
Copyright © 2011 By Stephen Munson-Munson Realty, Pasadena short sale agents|What is a short sale*Pasadena short sale agents,What is a short sale *Discreet and Confidential Short Sale • does a short sale stop foreclosure • foreclosure • foreclosures • hafa • hafa program • hafa short sale •hafa short sales • Los Angeles short sale agents Los Angeles short sales • Los Angeles short sale broker • Los Angeles short sales broker • short sale • short sales • strategic short sale • What is a strategic short sale
Los Angeles Short Sale Agents
Stephen Munson-Broker/Owner of Munson Realty|Southern California Real Estate is originally from Wichita, Kansas, and has lived in Los Angeles for over 20 years. He was born in 1968 and is a second-generation real estate professional. Being brought up in a family of real estate professionals, you could easily say that real estate is in his blood! He has personally practiced real estate for over 11 years, while his family has been in the business for over 2 decades. Stephen Munson has always been attracted to serving the clients that require the most diligent care and need more attention than the traditional buyer or seller. Stephen specializes in sellers who are in difficult situations, such as avoiding foreclosure through a short sale or difficulties selling their home the first time around. First-time buyers are also some of the clients Stephen Munson is passionate in serving. He feels first-time buyers really need super focused coaching and a lot of “hand holding,” which he really enjoys. As broker and owner of Munson Realty-Southern California Real Estate, Stephen employs only Realtors (agents) that share his enthusiasm for excellence in client care and integrity. “My agents must be able to bring a talent or skill set to the business that no other agent in town can offer, and they must do it extremely well!” Stephen Munson is also author and host of several real estate related blogs and a professional public speaker. Aside from professionally coaching his agents in the craft of real
Los Angeles Short Sale Agents-Munson Realty
Friday, January 27
Munson Realty and their Los Angeles short sale agents are a group of real estate/property advisers, escrow agents and title representatives with the intention to streamline the short sale process. Our goal is to create a win-win scenario for “you”, the homeowner and your lender. Our team of experts has helped countless distressed sellers through the stressful threat of foreclosure.
Our Los Angeles short sale agents close short sales and save homeowners from foreclosure where others fail. We will be very direct in telling you that we cannot guarantee we will save you from your “auction sale date” but we do have a 92% successes ratio. To date, the only reason we have not been able to successfully close on a short sale is because the seller has reached out to us too late.
In California, you have approximately 90 days (may vary from lender to lender) from the Notice of Default filed by your lender for property to be sold at property auction.
Getting the short sale process started now with our Los Angeles short sale agents can stop foreclosure. If your intention is to stop foreclosure through a short sale then it is important that you start the short sale process sooner rather than later. Learn more…
Marketing a short sale-by Los Angeles Short Sale Agents Munson Realty
Friday, January 27
Marketing a short sale-
by Los Angeles Short Sale Agents Munson Realty
Our Los Angeles short sale agents understand that not all sellers are comfortable with a “For Sale” sign in there front yard and “Short Sale” slathered all over the marketing material associated with their homes sale. It’s really unnecessary and your short sale status will only be seen in the private remarks seen by other Realtors, not in the public remarks and not on the marketing materials!
Your home needs to be aggressively marketed , just as though it was a standard home sale. And that’s way we treat the marketing of your home.
Every one of the properties we list and sell are marketed with these tools regardless of their condition or price range. We believe all homes deserve the best and most exposure available.
In each of the Home Marketing Examples below you will find the following:
A Virtual Tour
Property Video
Property Fact Sheet or Flyer
Click on these Photos/ Links For Examples Of Each
<center style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; border-image: initial; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; "></center><center style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; border-image: initial; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; ">
</center>If you are ready to list your home with Los Angeles Short Sale agents, Munson Realty, give us a call at 323-216-9671.
<center style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; border-image: initial; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; "></center><center style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; border-image: initial; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; "></center><center style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; border-image: initial; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; "></center><center style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; border-image: initial; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; "></center><center style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; border-image: initial; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; "></center><center style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; border-image: initial; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; ">“One of the heaviest moments in my life was when I realized that I faced the very real possibility that I may lose my home to foreclosure. Not only was it a blow to my ego but I was really embarrassed that the neighbors would know about my situation. I decided that I wanted to salvage the most I could of my credit score and would go for a short sale. A friend of mine opened up to me and told me of the “discreet” or “stealth” short sale that her realtor had offered her. That realtor turned out to be Stephen Munson and his team. They had generated enough bids from buyers in the first few days that my friend was out of her situation within 8 weeks and she did not have to go through a foreclosure. What really made me feel better was that they did not put up a for sale sign or indicated in any of their sales material that my home was a short sale. Stephen was very gentle and professional and made me feel comfortable throughout the whole process. They even directed me to the right sources to get my credit back on track. A special thanks to Monica for holding my hand (figuratively) many times throughout a very emotional time. Thanks guys for all of your help”. Paul H. Los Angeles</center>When you list Munson Realty, out internet power becomes yours.
Google us now and find out for yourself!
<center style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; border-image: initial; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; "></center><center style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; border-image: initial; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; ">
</center>Copyright © 2011 By Stephen Munson, Munson Realty|Marketing Examples|Los Angeles short sale agents* Los Angeles california homes for sale,Los Angeles ca homes for sale,los Angeles real estate agents,los angeles ca real estate,los angeles homes for sale,Los Angeles real estate,Los Angeles realtors*
Stephen Munson
Real Estate Consultant
Pasadena, California
| Website: | http://www.GetInTheHouse.com |
| Phone: | (323) 216-9671 |
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Recent Posts
- · Why would your lender take less than you owe on your mortgage?
- · Los Angeles short sale agents-Munson Realty
- · Los Angeles Short Sales FAQ by Munson Realty
- · What is a short sale-By Los Angeles Short Sale Agents Munson Realty
- · Los Angeles Short Sale Agents-Munson Realty
- · Marketing a short sale-by Los Angeles Short Sale Agents Munson Realty
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