What to do after the lender rejects the short sale offer
Thursday, November 11
What do you do when the house won't sell for any more money, but the bank keeps on rejecting the offers? You can give up, but the seller may lose their home to foreclosure. Ouch! Why not escalate the file and get it approved. Here's an example of how it worked for the Stop Foreclosure Institute....
Another thing that is dragging on the economy
Tuesday, November 09
The Stop Foreclosure Institute received another testimonial from a seller. She said a lot of stuff and it refreshed my memory. The average person just doesn't realize how "going broke" makes people feel like trash. People start doubting themselves. They keep on kicking themselves down mentally. ...
A Common Myth About Banks and Short Sales
Sunday, November 07
I've heard the following myth from a lot of people. Here's what they tell me. "The banks can't afford to approve loan modifications because they don't want to take the losses on their books that fast. Also, their investors may not approve the short sale, because they can't afford to write off too...
Foreclosure Question? My house is in foreclosure? When will I have to move out?
Saturday, November 06
The Stop Foreclosure Institute recently received a question from a homeowner facing foreclosure. I'll call him Peter to protect his identity. (Foreclosure is embarrassing and I don't want to put his name out there.) Peter asked, "I haven't made a house payment in a while. I'm just wondering how ...
We answer a question from a homeowner facing foreclosure
Thursday, November 04
The Stop Foreclosure Institute recently received a question from a homeowner facing foreclosure. I'll call him Peter to protect his identity. (Foreclosure is embarrassing and I don't want to put his name out there.) Peter asked, "I am six months behind on my mortgage payments. I just got the tax...
Wall Street Firms Strategically Walking Away from their upside down properties
Wednesday, November 03
Wall Street Fat Cats say homeowners shouldn't walk away from upside down homes. Why? "If you do it, then everyone will start doing it", they say. "It isn't moral. People should own up to their commitments. People should be responsible. This is more than just a contract. It's what holds the entir...