bankshortsale.org

What are my options for short selling a car which still has a loan balance?

admin — Tue, 14 Feb 2012 05:14:10 +0000

I am behind on my car payments, I am trying to sell the car but I cannot find anyone to buy it for what it is worth and for the amount of the loan balance. Is there a way the bank would accept a short sale instead of re possessing the car?

Trade it in and get your eyeballs screwed out

What is a good gift for our real estate broker who helped us buy a short sale home?

admin — Tue, 14 Feb 2012 05:14:06 +0000

We are in the process of buying a home. After a long wait…we have finally come to closing this weekend. Since this was a short sale home… the process was long drawn and our realtor was with us every step of the way. At closing, we would like to gift her something nice but … i have no idea what a good gift would be. Can somebody give suggestions?

Maybe a nice keychain would be appropriate, like this one:

http://www.jewishgiftplace.com/Emily-Rosenfeld-Pewter-Wish-Come-True-Keychain.html

Or any of these:

http://www.jewishgiftplace.com/Keychains.html

I like the "wish come true" because she is a realtor and that is what she does for her clients, helps them realize their dreams I guess.

What is in it for a bank to not allow a short sale?

admin — Tue, 14 Feb 2012 05:14:00 +0000

I know several people who’s banks will not allow them to do a short sale instead of being foreclosed upon. Is there something in it for the banks (tax write-offs?) that makes it more beneficial for them to deny short sales?
Some of the people have had a buyer ready to buy if they were allowed a short sale too.

typically the banks prefer the short sale over a foreclosure. It’s not that they do not want a short sale per se’, the offer for the property has to make sense.

The bank or lien holder will have to weigh it’s option of selling the loan on the wholesale market at 50 to 60 cents on the dollar to a discount loan servicer -vs- a short sale offer that may be less.

Typically, it’s the agent or broker working the short sale making errors in the process that causes a home to go to foreclosure. This is only my opinion as I process numerous short sales per month and see the mistakes.

Loan Modification, hardship letter

admin — Mon, 13 Feb 2012 07:47:01 +0000

www.YourFastHelp.info – Loan Modification application. hardship letter explained. self help loan mod. get all the details. Free Loan Mod Report.

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Technorati Tags: Hardship letter, loan mod, loan modification

What is a Short Sale? – Wisconsin Short Sales

admin — Mon, 13 Feb 2012 07:47:00 +0000

What is a short sale? Short Sale Definition. Short Sale Defined, Wisconsin, Dane & Rock County

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Technorati Tags: agent, defined, definition, realtor, short sale, specialists, what is, wisconsin

Buying a short sale-Short Sales For Buyers

admin — Mon, 13 Feb 2012 07:46:59 +0000

Buying a short sale-Short Sales For Buyers
Is your agent encouraging you to avoid short sale listings? Do you feel like you are missing out on good deals or beautiful homes that really appeal to you? Or, are you FHA approved and nobody is accepting your offers because you simply can’t compete with cash or higher down payments?
It may be time for you to re-think short sales! A year or two ago I might have said the same thing, avoid short sales… at least until they are approved. My thoughts on short sales have changed and yours should too, especially if you are competing with an FHA loan against other buyers who have larger down payments or all cash.
Why not go where others fear to tread! While others are flocking to the “perfect deal” you can be getting your foot in the door of a home that meets your needs at a great price…if your patient.
The reason your agent is not showing you these homes is because they don’t know how to handle them. What a mistake! I’m here to tell you through experience that you can buy a short sale if you have the patients and don’t give up! That doesn’t mean you should stop looking at traditional sales and foreclosures, it just means to broaden your search horizons!
Quickly let’s review what a short sale is: When a seller must sell their home for less than they owe on the property, and the lenders that they owe the money to agrees to take less than they originally loaned, that is a short sale.
For example: Let’s say Joe Seller Owes $400K on his home and he must sell. But, now the market dictates that his home is only worth $300K. The only way for Joe to get rid of his home is to find a buyer at the new market value of $300K, and get the bank he owes the original $400K, to “forgive” the $100K. That $100K negative difference is the “short” of the sale.
So how does this affect you the buyer if you are interested in such a home? Often these homes are listed below current market value to attract offers quickly. So you could potentially purchase a home below market value. But moreover, because these transactions take longer than the typical sale it turns many buyers off. But not you! You are patient and not in a hurry!
Things to keep in mind when purchasing a short sale:
The process can take on average 45-60 days, sometimes longer.
The bank may counter your initial offer, but usually well within market value, often less.
Your agent MUST be an expert at the short sale process. This is important because they must understand if the seller and their agent know what they’re doing in order avoid wasting your time and energy.
We have created a list of nothing but short sale opportunities. The minute all new “Short Sale” listings hit the market, they go onto our “Short Sale Express” property list and into your email box.
Each listing Features:
• Photos
• Address
• Description
• Price
Don’t miss another bargain “Short Sale” property because you found out too late or you were discouraged from seeing it!
There is no fee to be on our “Short Sale Express” property list. All we ask is if you see a home you like make us your Realtors!
Register here & gain immediate access to all “Short Sale” properties. List will automatically populate upon completion of registration. Happy home hunting! You may also call us at 877-636-0444

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How to Sell Short: The New Sell & Sell Short

admin — Mon, 13 Feb 2012 07:46:59 +0000

Dr Alexander Elder, author of several trading best-sellers, introduces his latest book: The New Sell & Sell Short. This video introduces you to one of the key skills of professional traders – selling short. Learn how to control risk and double your profit opportunies.

Duration : 0:1:36

Technorati Tags: bear market, Dr Alexander Elder, elder.com, selling short, shorting, The New Sell & Sell Short, trading

Banks Are Being Forced to Short Sale

admin — Mon, 13 Feb 2012 07:46:58 +0000

Join Dwan Bent-Twyford as she talks about how banks are being forced to do short sales!

Duration : 0:5:40

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Hardship letter loan mod

admin — Thu, 09 Feb 2012 07:17:13 +0000

http://www.60minuteloanmod.com Free CD to find out if a LOAN MODIFICATION is right for you! Hardship letter, qualifications, timeline and all answers to all your questions on loan modification.

As the regulator of Fannie Mae, Freddie Mac and the Federal Home Loan Banks (FHLBanks), the Federal Housing Finance Agency (FHFA) strongly supports the Enterprises leadership role in setting industry standards for assisting at risk borrowers who could lose their homes to foreclosure. This streamlined modification program with uniform eligibility requirements will be supported by a
consistent, efficient process approved by key industry participants. This program resulted from a unified effort among the Enterprises, Hope Now and its twenty-seven servicer partners, the Department of the Treasury, the Federal Housing Administration (FHA) and FHFA.

Duration : 0:0:55

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Short Sale Funding – Access Lenders with No Title Seasoning So Your Deal Does not Fall Apart.

admin — Thu, 09 Feb 2012 07:17:12 +0000

Use Our Money For Real Estate Deals No Credit Or Cash Needed !!! Getting The Money to Buy and Sell Them Has NEVER BEEN EASIER Than Right Now! We have nationwide funding, using NONE of your own cash or credit. Our Short Sale and REO funding source helps you fund deals, NOW. TheCashProvided.com Access Lenders with No Title Seasoning.

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