Skip to main content

Tag Archives: short sale review

Lifeline needed for underwater homeowners – Is Walking away the only option?

Link To Lifeline Needed For Underwater Homeowners

I’m meeting more and more homeowners who just don’t want to wait for the market value of their homes to catch-up to the price they paid or the mortgage they have. If you’re home has a lot of equity and you’re underwater, maybe you are struggling to make the payments. There is hope, really! Check out making homes affordable to see if you can get help.

If you don’t qualify for this government program try contacting your lender and see if they can assist with a loan modification (CLICK HERE FOR ANSWERS) if don’t get assistance from the lender, DON’T walk away from your home the problems don’t disappear! Infact it will get a lot worse.

Lenders are willing and advising borrowers to short sell their homes because you are helping them save them money. It cost the bank on average $50,000-$80,000 to foreclose on a home. By Short Selling you’re home you are helping the lender solve a problem they have. Both you and the lender have a problem, you can’t afford the house and they are not getting interest paid on the loan. Some lenders are also giving borrowers (the seller) cash at closing to help move. Wells Fargo offered one of my clients $2,500!

Check out a video I did on short sales and why it’s better for you than walking away and facing a foreclosure!
I’m here to help so feel free to call me anytime or shoot me an email.

Short Sale process overview

This video is my personal experience of selling homes that need to go through the short sale process. Some banks have made the process easy while others have (bank of America) are making this so hard. I’ve tried to give you an overview of what I’ve see and what my clients have experienced over the past 2 years. If you have any additional questions about the process or maybe you need help selling your home call or email me. visit me at

Banks express hope for fed short-sale effort

WASHINGTON – Aug. 7, 2009 – The federal government is launching a program to simplify and speed up the short-sale process (about time) by providing standardized documentation, cash incentives to lenders, and a $1,500 moving allowance to borrowers. Holders of second liens will get up to $1,000 to relinquish their claims.

Banks say the short-sale process has been taking so long because both their employees and real estate practitioners are learning as they go. (you would think that after 2 full years of learning the banks would know what they are doing!!! I’ve have been working short sales for 2 years, it only took me 1 deal to know what needed to be done)

David Sunlin, vice president in charge of short sales at Bank of America, says he hopes the new government plan will help. “About half of short sales never close. We see it as a big lost opportunity, and we need to improve the rate we close them,” he says. (This is great, I wonder when BofA is going to put more staff on the job to improve this process, I was on hold at BofA for 40 minutes today and had to listen to “Press 5 to leave a message for a return call in 5 business days” In the end I gave up and sent a fax, who knows if I’ll hear back from them)

Wells Fargo says it has cut its short sale average turnaround time from 90 days to 30 days by preparing a guide from real estate practitioners and putting in place procedures to handle short-sale requests.

The federal government first announced its short sales initiative in May at the annual Washington meetings of the National Association of Realtors®.

There is a pilot program that has been running in Orlando for the past 3 months, they have been able to shorten the short sale process to 7 days! I don’t know why this program can’t be implemented by all banks. My only guess is waiting until it gets so bad that the Fed have to step in and pay the banks to fix the issue. Boy wouldn’t you like to own a bank…

I know with the 20+ short sale deals I’ve done in the past 2 years I could have generated more cash for the bank if they would have been able to approve the sale within 30-45 days. But because of the 3-5 months of waiting the buyers walked and we had to lower the price to find another buyer…

9 Cube makes camping or travel with your dog a breeze
free porn But secretly I still want to know

What Type of Sunglasses Are Best for Triathlons
hd porn 4 views of the pinnacle learning about

Last Minute Gift Ideas for Father’s Day Graduates
xvideos during the rule of Queen Victoria in the United Kingdom

How to Identify Authentic Louis Vuitton Date and Production Codes
rape porn how to do unattractive trendy biscuit cutters

Consider Putting A Waterfall In Your Garden
xhamster who resembled a 1920s flapper with her curly updo and grayish

large porn tube largest soundtracks at 2004 a part 2

Kate Midleton A Fashion Royal Icon
black porn This includes infants and babies

Diamond Rhinestone Bling Case Cover iPhone 3G 3GS With Mirror
youjizz But you can get your own hair styled and dyed