A Little Known Fact About Short Sale Negotiators
Wednesday, March 09
A negotiator at a large bank tried to mislead a Stop Foreclosure Institute Member. She really got on our nerves. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. You see, we've spent the last few years figuring out all the guidelines for short sales....
Lenders Loses 50K Turning Down Short Sale
Wednesday, March 09
This bank's stockholders are probably unhappy after losing $50,000 over incompetence. I have a good story today about another bank losing their shirt because their short sale process is so tough to work with. The bank in question is a large, top 20 American Bank. They actually owned the...
Why Short Sales Sell For A higher Price Than A Foreclosure
Tuesday, March 08
People often wonder why their lender will release their debt in a short sale. Most lenders don't like to release the debt. But, they agree to do it because they know that policy nets them more money. They net more because a home usually sells for more money as a short sale versus after it has bee...
This Short Sale Negotiator Isn't Doing His Job
Monday, March 07
Here is a question that the Stop Foreclosure Institute recently received. "I am in the middle of a very long negotiation with Chase. The seller had me to put a clause into the contract stating “upon approval of short sale by sellers’ lender, lenders, & or affiliates, client, or heirs will be...
How to strong arm your lender on a short sale
Thursday, March 03
Here is a technique you can use to “strong arm” you’re your lender on your short sale. The number one reason people short sale is to salvage their credit. After all, a short sale has much less of an impact on your credit than a foreclosure. Despite all this, banks still make short sales tough. Ho...
Why it is cheaper to short sell and rent versus staying
Wednesday, March 02
Many people are shocked that it is often cheaper to short sale and rent that staying in your home with a loan modification. They find it hard to believe that they can rent a comparable or even nicer home for less than their mortgage. Here are the two factors that make it possible. Discover how o...