What Does I Mean When The Bank Says File Is Going To Investor Soon?
Monday, March 28
The Stop Foreclosure recently received a question from Georgia E. Here was her question. " When the bank says the file should be going to an investor soon what does that mean?" Georgia E. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Here is the ...
Why Do Some People Worship Perfect Credit?
Tuesday, March 22
It always amazes me how some people will do anything to have perfect credit. They would rather go hungry than risk harming their prefect credit rating. A good example is a guy I will call Seth. Seth has perfect credit. He has worked to keep perfect credit for the last 12 years. Discover how other...
Why Lenders Back Off When Threatened With Bankruptcy
Sunday, March 20
Bankruptcy is one of the scariest words a lender can hear. A bankruptcy filing can stall their ability to foreclose by 6 months, and sometimes as long as a year. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. The lenders know that most bankruptcies...
Can I Short Sale If I Don't Have A normal Hardship?
Saturday, March 19
The Stop Foreclosure Institute recently received a question from Chad. Here is Chad's Question. "I own a condo in Hackensack, New Jersey. I purchased in 2007, pre-construction for $375k and have a mortgage balance of $337k. I have been trying to sell my unit for upwards of 2 years with no succes...
Can I Short Sale If I Have Substantial Assets & Good Income?
Saturday, March 19
The Stop Foreclosure Institute recently received a question from Dave. Here is Dave's Question. "I bought several investment properties at the peak of the market. The homes have dropped in value by almost 40% and I am losing money on the rent every month. I am sick of writing a check every single...
How To Get Your Loan Mod Approved When Negotiating With A Local Lender
Friday, March 18
In my opinion, loan mods are very tough to negotiate with large lenders like Bank of America, Wells Fargo, JP Morgan Chase, or SunTrust. The reason is because you are treated like a number. In addition, in most cases the lender doesn’t own your loan. Someone else does. So when they negotiate wit...