I Have Mortgage Insurance. Won't that cover the Deficiency?
Tuesday, February 08
The Stop Foreclosure Institute recently received a question from Max. Here is Max's Question. "If I pay mortgage insurance and default on my loan, why wouldn’t that cover the deficiency amount? Max." Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. ...
What do you charge for a Short Sale?
Sunday, February 06
The Stop Foreclosure Institute recently received a question from Tawny. Here is Tawny's Question. "I have not been late on any payments but my income will be changing dramatically towards the end of the summer. What is your exact service and what are the fees involved? I do not have any cash in ...
What to expect during and after the Short Sale process
Thursday, February 03
Here are a few things you should not be surprised to see crop up during the short sale process. Unscruplous Debt Collection Tactics. If you are facing financial hardship, then paying credit cards and other unsecured debts is your lowest priority. An unsecured debt is a debt where they can’t take ...
How to Convince A Lender To Waive A Promissory Note
Thursday, February 03
Some lenders are very stubborn about collecting what they feel they are “rightfully owed.” These lenders are usually a lender that you originally got the loan from. A good example is a credit union loan, or a small community bank. Another common type is loans that were granted with Private Mortg...
Don't sweat it if the First Time buyer gets impatient amd walks off
Tuesday, February 01
Short Sales can be frustrating. It can take a long time for the lender to process everything and finally give the buyer an answer on their offer. Oftentimes, by the time the lender makes a decision, the buyer has gotten impatient and moved on to another property. Most lender short sale departmen...
Are Lender So Desperate that they will accept any offer?
Monday, January 31
Have you heard the following myths about short sales? Myth #1: You can buy short sales for dirt cheap and then turn around and resell them for a profit. Myth #2: Foreclosures, Short Sales, and Bank Owned Homes can be bought for 30 to 50 cents on the dollar with no money down. Discover how other ...