Tag Archive: Foreclosure


My First Short Sale

 

Good day everybody I’m Josh Pomerleau with Short Sale Shift, Minnesota’s premiere short sale team, thanks for joining me today. I work with Keller Williams Realty in the Minneapolis area and weblog on daily basis from the short sale battlefield to move along helpful data to householders doing their homework on avoiding foreclosure. At this time I wanted to discuss a deed in lieu Of foreclosure and the advantages it might supply versus coming into in to foreclosure. Often instances after we meet with a client they really feel like a deed in lieu of foreclosure is their best choice, however relying in your mortgage this may not be true. Whereas I’m not a credit counselor or a credit expert I can inform you that from speaking with precise credit couselor’s they’ve warned towards a deed in lieu of foreclosure for a number of reasons. The first, and most essential, is that usually instances a deed in lieu of foreclosure will show up as a foreclosure on your credit report. Additionally, you probably have a second mortgage a deed in lieu of foreclosure might depart you still owing the full quantity on your second mortgage. For these reasons we generally take into account a short sale to be the best choice to avoiding foreclosure. In a short sale you’ll know all of your phrases up entrance and keep away from the stress and uncertainty of a deed in lieu of foreclosure. Banks are also highly motivated to get a short sale accepted with the intention to lower their losses which works within the householders favor more times than not. When you have any questions on short sales and how they work in the Minneapolis area please visit my website or contact me right this moment to get started. Our wonderful workforce of short sale specialists stay up for helping you get out from below your distressed property. Thank you for your time and have an important day.

Minnesota Short Sale Shift can answer your questions. We are Minnesota’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtors, Josh and Sarah, at Short Sale Shift presented by the Short Sale Specialists of Minnesota

My First SHort Sale

 

Good day and welcome. My identify is Fred Weaver, and that is my business companion, Kevin Kauffman. We’re Group 46:10, and we’re Arizona’s leading short sale staff and we’re very pleased that you’ve joined us on our web site right here today.

At present we would like to discuss a short sale matter that we think is perhaps relevant to you. We need to specifically speak about short sales with Litton Loan Servicing. Litton shouldn’t be one of many big lenders. For example, they don’t seem to be Chase, Bank of America, or Wells Fargo, however they are a financial institution that we’ve handled a lot. As a group that’s closed over 400 short sales in the final 4 and a half years, we’ve had the chance to work with quite a lot of banks.

We’ve had the opportunity to work with Litton greater than a handful of times, greater than a handful really, and we’ve been very successful with them. The final short sale we did, we developed relationships with the highest folks within the short sale division at Litton. We have great contacts, cellphone numbers and email addresses at Litton that will help you get your short sale closed.

When you’ve got any questions concerning the short sale process, please contact us today. Fill out the form right here on the web site along with your contact information. Permit Fred, myself, or considered one of our associates to provide you a call. You may at all times give us a call as well. We might love that can assist you and we’re looking forward to your telephone call. We’re Group 46:10, Arizona’s main short sale team. Thanks lots and we hope you’ve gotten a great day.

Short sale FAQs and more.

Get more information on selling your home from Kevin and Fred at My First Short Sale by the Short Sale Specialists of Arizona

My First Short Sale

 

Good day and welcome, my identify is Fred Weaver and that is Kevin Kauffman. We’re Group 46:10, Arizona’s premiere short sale team. Thank you so much for joining us today on our video blog. We hope that you’re going to discover a number of details about the short sale process. We’re short sale experts, closing a whole bunch of short sales within the better Phoenix area. We’re happy as we speak to speak to you around a very exciting tool that we believe meets a huge want for homeowners.

It’s sort of a half instrument, and we really designed this with you in mind, the consumer. The first half lets you understand what your property is worth. It is laborious to know precisely how a lot it’s value at times, especially when the market is at all times fluctuating.

We have got what we call a calculator on our web site, there is a hyperlink right below. Step one is determining what your property is worth. The second step or second part of the calculator comes the choice part. This is the reason we call it the short sale resolution calculator. We have now some sections so that you can fill out comparable to what is your monthly mortgage fee, steadiness, and curiosity rate.

We can send you a report that says here is what your house is value, here’s how much money you pay each month, and if the market was to begin appreciating at this time, at 3, 5, or 7%, we provide you with three different choices, a slow, a standard and an aggressive appreciation. We can let you know how a lot your home is underwater and help you determine how lengthy it will take to your dwelling stability and home value to be back to equal.

Please permit us that can assist you out. Fill out the short sale decision calculator below. In case you have any questions in regards to the short sale process, please contact us today. We might love to talk with you about your home and if there’s something we are able to do to assist you, please allow us to know. We’re Arizona’s premiere short sale team. Thanks rather a lot and we’ll see you again soon.

Short sale FAQs and more.

Get more information on selling your home from Kevin and Fred at My First Short Sale by the Short Sale Specialists of Arizona

Modification of Loan

Foreclosure is always a race against time. Although a home loan modification can slow the process, you have fewer options the longer you wait. Not all lenders have the staff or experience to handle mortgage loan modifications. Even with a capable attorney, the process can drag on for months.

But you don’t have to sit and wait. There are some things you can do to speed up the process. Once your home loan modification is under way, these steps can help you get more positive results.

1. Put everything on paper. It’s not uncommon for lenders, especially smaller ones, to lose track of your application. To prevent delays, make sure all your efforts are documented and kept on file. This includes all the calls you make and receive, both from your lender and loan modification attorney. Keep receipts of all your transactions, and make copies so you don’t have to let go of the originals.

2. Do your own financial statements. Part of every home loan modification is a financial worksheet, which will be your main basis for qualification. Most lenders have their own forms, but it won’t hurt to make your own as well. If your lender insists on using their worksheet, at least you’ll have all the information ready.

3. Be as detailed as possible. Too much information is better than too little, and it limits the chances that they’ll call you for more information. A typical worksheet for a mortgage loan modification will include the following:

-Your contact information (address, home phone and work phone, fax and email)

-Information about your property, including the estimated value

-Your current income

-Any additional income, such as welfare, child support, etc.

-Your estimated total value, including other assets such as real estate, investments, savings and checking accounts, IRAs, 401(k), stocks and bonds

-Liabilities, such as existing loans, monthly bills, medical expenses, and tax liens

4. Keep all your bills. The financial worksheet will require you to dig up old bills and hold on to the ones that keep coming. This will help you keep the information as accurate as possible. You may also need to present these bills (or copies of them) along with your hardship letter, which explains why you need a mortgage loan modification. Even if they don’t ask for it, it’s best to include them anyway. That way, there’s no reason for your lender to doubt your statement. The more proof you have, the better your chances of getting that home loan modification.

Be sure to submit as much truthful and verifiable information to your loan modification attorney so they are able to compile the best case to submit you your lender.

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Are you on the search for a new home? Are you a first-time home buyer ready to enter the market? Then a buyers market is right where you want to be!

 

Recent years have turned many real estate markets on their heads. One-time hotbeds for rapid appreciation and booming sales have turned into areas rampant with dropping prices and foreclosures. Making matters even more complicated, is the realization that every market is different. Even neighborhoods within cities have varying markets.How can you tell if you are living in an area experiencing a buyers market?Key Indicators:

  • More than six month’s worth of inventory on the market 
  • Median sales price is down 
  • Fewer buyers on the market 
  • Relative large supply of homes and relative low prices

As a buyer, how can you maneuver yourself to take full advantage of a market which is stacked in your favor?All of the market indicators translate into more choice for buyers. Prices become more negotiable. You have more homes to choose from.One of your first steps is to hire a real estate agent. An agent can supply you with market statistics, including days on market, pricing, and neighborhood comparables. They can also direct you to home listings on the MLS.With such economic uncertainty today, buyers are scared to venture into the market. They fear prices may drop after they buy, leaving them upside down in a home. They fear the market will not pick up for years, leaving them stuck in a home. That fear works in your favor, should you choose to buy. Interest rates are at historic lows. And buyer fear actually translates into more homes for you to choose from. It means sellers may be more willing to drop their price to make a sale.In negotiating, foreclosures wreak havoc on a neighborhood. Foreclosures can lower values on an entire street. If a home has been sitting on the market for months, the likelihood that the seller will make concessions increases.And even when a price won’t budge, you can always discuss who will pay closing costs.Deciding when to buy can be a big decision, but buying during a buyers market can give you many advantages over other markets.