Temecula Short Sale Agents – Help Line 951-217-6745

Short Sale Archives

Categories

Temecula Short Sale Specialist

Temecula Short Sale Agents Posts

July 2020
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031  

Search

Certified HAFA Temecula Short Sale Agent

Source: suort.com via Sidney on Pinterest

Temecula Homes for Sale – Search

Tag Archives for " avoid foreclosure "

How Long Will A Short Sale Take?

Published March 29, 2011 in Bank America Short Sales - 0 Comments

Sold By Short Sale

If you are thinking about doing a Philadelphia short sale, you may be wondering how long this process will take. I’ll be truthful. There is not a definite response to that inquiry. Nonetheless, i can tell you this. From the first moment that we meet until your short sale is closed, it usually takes five to seven months. Here’s why.

First we have to put your home on the market. We will market your house just like it is a customary sale. We are required by law to reveal that your home is a Philadelphia short sale. Nonetheless, we will still be giving you broad service with stuff like virtual tours, online photographs, online advertising, and direct mail marketing. We do all of these things to get the maximum and best price for your home. We are focused on obtaining the maximum and best price that the market will allow. We treat your Philadelphia home like a conventional sale.

After we get an offer on your house we will submit a folder to the bank which includes an offer and lots of financial details from you. How fast the short sale is closed is dependent upon how fast you can get the financial information to us. We get lots of of these documents upfront but quite a few of these items expire. For illustration, the lender requires your two most recent wage stubs. So, if we begin your short sale in January and complete your Philadelphia short sale in May, we will have to update your salary stubs.

If you would like more information on the subject of Philadelphia short sales, please give us a call or get in touch with us today.

Philadelphia Sold By Short Sale can answer your questions. We are Philadelphia and Wilmington Foreclosure Avoidance and Short Sale Specialists.

Get more help from Philadelphia short sale Realtor, Matt Fetick, at Sold By Short Sale presented by the Premier Short Sale Realtor in Philadelphia and Wilmington

Perfectly Pricing Your Short Sale

Published March 22, 2011 in Bank America Short Sales - 0 Comments

Short Sale Shift

Today we are speaking about how to make sure that you don’t damage your Minneapolis area short sale. The Minneapolis area short sale progression is completely different than selling your home as a standard sale. There are unique strategies that you make use of with a short sale. Also, because you have to build a case with the lender on several different levels, there are different ways to list a Minneapolis area short sale home. There are also different negotiating standpoints that need to be worked on with the purchaser.

Another thing that we notice is that potential clients need to be coached when working with a Minneapolis area short sale. At times homeowners are stunned by how low the value of their house has dropped. When the home has no offers at a specific price level, the price has to be reduced, since the only we can begin negotiating with the bank is to have an offer.

We have never had a problem getting a short sale agreed, even when we as Minneapolis area short sale agents, are shocked by how low the price is. Quite honestly, your property will sell in the range that it is worth. Each home placed in the MLS is viewed by everyone that wants to purchase a Minneapolis area property. Realtors and buyers are utilizing the MLS. So, if your property is on the MLS people will see it and people will buy it if it is priced correctly.

The entire short sale process in Minneapolis area depends on the fair market value of the property. We would be glad to help you with the sale of your Minneapolis area home and walk you through the short sale procedure.

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

Short Sale Vs Foreclosure

Published March 17, 2011 in Bank America Short Sales - 0 Comments

Sold By Short Sale

There are a lot of terms out there to figure out. Short sale, foreclosure, deed in lieu of, etc. are all terms normally heard in the existing market. At times it can be puzzling trying to figure out what is actually happening. Some short sale clients receive a foreclosure notification and they do not understand what that means. So, let me explain it to you.

When you default on your loan or stop making payments, when you run into the 90 day mark, the bank will start foreclosure measures. Basically, the lender is asking the court for the permission to sell the property to make good on the debit. Foreclosure proceedings take a while to close, especially in Philadelphia.

Here’s what will take place. After 90 days go by and you have stopped making payments, the lender will contact you to speak about it. If you are not able to bring your mortgage current, the lender will start the foreclosure procedure. The foreclosure progression doesn’t mean sheriff sale. What it means is that they are going to ask the judge to allow them to sell the home. This progression can take six to nine months.

We know that potential short sale clients who have their Philadelphia home on the market for short sale often get there property under contract but they still get foreclosure notices. The lender continues the process just in case they have to sell the home at sheriff sale. They do not want to start all over again.

You may be in foreclosure or in the process of being foreclosed upon even while you are doing a short sale. Don’t worry. We will work with your lender to make sure they know that there is an offer on your house. Just understand that you have a lot of time. Let your realtor know that you are in foreclosure so that they can get in touch with your lender promptly and get you the assistance that you need.

Philadelphia Sold By Short Sale can answer your questions. We are Philadelphia and Wilmington Foreclosure Avoidance and Short Sale Specialists.

Get more help from Philadelphia short sale Realtor, Matt Fetick, at Sold By Short Sale presented by the Premier Short Sale Realtor in Philadelphia and Wilmington

Negotiating Liens And Judgments With Short Sales

Published March 14, 2011 in Bank America Short Sales - 0 Comments

Short Sale Shift

Thank you for joining us at present. We are the premier short sale team in Minneapolis. Our major focus in the Minneapolis vicinity is short sales. We’ve also assisted people all over the nation find a short sale expert to work with. When you are carrying out a short sale, you need to be sure that you locate a short sale agent that has familiarity closing short sales. Education earned through closing short sales is more worthwhile than any class or documentation that a short sale realtor can obtain.

We wanted to talk with you regarding one thing that distinguishes our Minneapolis short sale team from other specialists. What do you do if you have a lien or judgment against your house other than your mortgages? There are additional judgments and liens, such as a state tax judgment, that can bring about problems with your Minneapolis short sale. Abruptly, if you get a short sale approval, the bank sees that there is a judgment that needs to be taken care of.

If you are talking with someone that has a lien on a property, they will get zero at a trustee auction. They do not have a negotiating position. Nevertheless, lots of short sale agents will stop at that situation. You can get past that, and we do every single day.

Practice in the short sale process is vital to the success of your short sale. If you have liens against your property, we have worked with this predicament several times in the past. You merely need an agent that knows how to handle a difficulty such as this. If you have any questions please send us an email, fill out our contact document, or chat with us if you see that we are logged in on the home page of our website.

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

Should I End Paying My Mortgage Payments To Do A Short Sale?

Published March 13, 2011 in Bank America Short Sales - 0 Comments

Orlando Short Sale Expert

Hello! I’m Mark Alan Adams, owner and founder of the Mark Alan Adams Team. We are the premier short sale agents in the Orlando locale. Today, I would like to chat concerning a piece of misinformation. A lot of Orlando potential customers have been told, or believe, that they should stop paying their house payment in order to complete a short sale. I regularly get that question from Orlando potential clients in my initial talk with them.

Any qualified professional that tells a homeowner to stop paying their loan payments is setting themselves up for a gigantic liability. For myself, I would question that person’s capacity and familiarity of the real estate and short sale trade.

All of that being said, we close a huge quantity of short sales. With some of those Orlando short sales, our homeowner hasn’t even missed a single payment. Let me state that once more. You don’t need to miss payments to complete a Orlando short sale. Hopefully that clears stuff up.

If you want to discover more about Orlando short sales, click on the link to the right of this video that says “Get your short sale package now.” We will email you a package. We are not going to high pressure sale you or hassle you. Our simple goal is to inform you about the short sale procedure in Orlando. We want people to go into the short sale process as educated as possible. Obtain that package. Read it over and call us with any questions. My private cell phone number is even listed on this blog. I am always accessible for questions. We hope to chat with you soon.

The Orlando Short Sale Expert can answer your questions. Mark Alan Adams’ Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale expert, Mark Alan Adams, at Orlando Short Sale Expert presented by the Short Sale Specialists of Orlando

B Of A Getting Better With Their Short Sale Process

Published March 12, 2011 in Bank America Short Sales - 0 Comments

Orlando Short Sale Expert

Good afternoon again! I hope all of you had a fantastic first week of the brand new year. We had a lot of B of a short sales approved last week. That leads me to my theme for today, which is Bank Of America short sales.

Bank of America used to have a very bad status in the short sale business. If you had a residence and your tried to do short sale in Orlando, many realtors would not do them because they knew the Orlando short sale was destined to flop.

Nevertheless, B of a has truly stepped up and started cooperating with real estate experts in closing Orlando Short Sales. There have been lots of improvements at Bank of America when working with Orlando short sales. They now employ a new system called Equator, which makes the short sale method a much smoother transaction. There was a period when you would send in your short sale folder to Bank of America and it would get misplaced. Today that doesn’t happen. Everyone can see the advancement and homeowners are receiving assistance with their Orlando short sales.

If you have a Bank of America loan and are thinking about a short sale with your Orlando area home but you have heard awful things about it, I’m here to tell you that Bank of America is leading the way now with short sales. If you have a B of a loan and are interested in doing a short sale, check out the link on our website. Even if your loan isn’t with Bank of America, check out our free short sale package to understand precisely how the Orlando short sale method works.

The Orlando Short Sale Expert can answer your questions. Mark Alan Adams’ Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale expert, Mark Alan Adams, at Orlando Short Sale Expert presented by the Short Sale Specialists of Orlando

What Is A Short Sale?

Published March 9, 2011 in Bank America Short Sales - 0 Comments

Orlando Short Sale Expert

Today I would like to chat with you about what exactly a short sale is. Simply put, a short sale is the sale of a property for a smaller amount than what is really owed. The bank accepts a smaller amount than what is due to them.

Usually, the follow up question to that is “How do you meet the criteria for an Orlando Short Sale?” There is no qualification procedure. You don’t have to call your lender to ask for permission to perform a short sale in Orlando. There are many reasons why you might choose to execute a short sale.

-You might have lost your job

-You have had a death in the family unit.

-You are retiring.

-You have had a decrease in wages.

-You have recently gotten married and are consolidating houses.

-You are beleaguered by debt

-You have to relocate for a job or a different reason.

There are a large number of reasons that someone might want to do a short sale. Actually, the key reason that someone might desire to do a short sale is because you want to sell your Orlando home and you owe more on your property than what it is valued at.

To the right is a link for our short sale package. If you are doing any investigation into short sales, you need this package. You aren’t obligating yourself to hire my team. This package is basically a precise description of what is involved in completing a short sale. It clears up the short sale process for you and provides you a little information on what a short sale is. The best part, it’s totally free. Thank you for stopping, and have a terrific day!

The Orlando Short Sale Expert can answer your questions. Mark Alan Adams’ Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale expert, Mark Alan Adams, at Orlando Short Sale Expert presented by the Short Sale Specialists of Orlando

Who Might You Employ To Deal With Your Short Sale?

Published March 9, 2011 in Bank America Short Sales - 0 Comments

Orlando Short Sale Expert

Today I wanted to speak about what you should look for when you are considering hiring somebody to carry out your Orlando short sale. I’m assuming that if you have discovered this blog, you are considering a Orlando short sale and doing some exploration on who to employ.

The first thing that you should note is what percentage of a realtors business is short sales. Most realtors do not want to do short sales and may only do a few short sales per year. It takes lots of skill to be successful completing short sales. That having been stated, all of our business is short sales.

Another thing that many people think about is giving their short sale listing to a friend or relation. Yet, the same rule applies at this point. You have to make sure that whoever is handling your short sale has understanding. The bank is losing lots of cash and it takes a certain amount of expertise to complete a Orlando short sale. You really need somebody that has understanding.

Another thing to beware of is investor groups that might come to you with a hard cash offer. Then they will ask you to sign an option contract and proceed to market and sell your home without having any ownership interest in your Orlando house. It is a very grey area in our trade and it is extremely unproductive. So, if someone comes to you with a hard cash offer, be very guarded. Personally, i would stay away from any agreement like that.

If you would like additional information on Orlando short sales, click on our free short sale package. There is no obligation, but it is a very useful package. It will provide you an inside look at Orlando short sales and how it works.

The Orlando Short Sale Expert can answer your questions. Mark Alan Adams’ Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale expert, Mark Alan Adams, at Orlando Short Sale Expert presented by the Short Sale Specialists of Orlando

Short Sale & Foreclosure Influence On FICO

Published March 9, 2011 in Bank America Short Sales - 0 Comments

Orlando Short Sale Expert

Good Morning. I’m Mark Alan Adams owner of the Mark Alan Adams Team, Orlando’s leading short sale team. In today’s episode we sought to speak with you on the subject of FICO or credit scores. We take notice of lots of agents chatting about this and we get a lot of questions from Orlando homeowners regarding FICO and Credit scores.

There are a lot of numbers thrown around concerning how a short sale will change your credit score and it irritates me. There is certainly no way that someone, including Fair Isaac himself, can look at you and inform you how a Orlando short sale will affect your credit score.

Every person has a credit score that is determined on an individual case. How many loans do you have? How many credit cards do you own? Have you ever missed a payment? What zip code do you live in? All of these things decide your credit score.

If you are talking with a short sale realtor in the Orlando area and they advise you that your credit score will be impacted by a particular number of points, they do not know what they are speaking about.

It is also significant to note that there is a credit score and a credit record. Your credit record will indicate that you have completed a Orlando short sale by stating that you have a liability that was settled for less than owed. If you complete a foreclosure, it is different. You will not be able to get financing for a different house for the first five to seven years after you foreclose. With a short sale, you can buy a residence in a few years.

In summary, nobody can inform you exactly how much a short sale or foreclosure will change your credit score. However, if you complete a short sale, you will be able to buy a new house in a much shorter amount of time.

The Orlando Short Sale Expert can answer your questions. Mark Alan Adams’ Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale expert, Mark Alan Adams, at Orlando Short Sale Expert presented by the Short Sale Specialists of Orlando

GreenTree Second Mortgage Needs Lots Of Green

Published March 4, 2011 in Bank America Short Sales - 0 Comments

Short Sale Power Hour

I guess we will chat about one of the more thrilling short sale loans that we have worked on lately. It did not take very long and it wasn’t very hard, but it was exciting how we went about completing the deal.

Here are the fine points. First mortgage servicer, Bank of America. Investor, Bofa. Second lender, Green tree, previously serviced by GMAC. For those of you that haven’t worked a GreenTree file, they are a bit more tricky than your usual lender. With this specific short sale, GreenTree was due nearly $139,000 and Bofa was owed nearly $600,000. The home was worth about $350,00

Here is a pointer. Anytime we see GreenTree in second position we attempt to work as fast as possible. Something with a second mortgage in the $100,000 range is going to be harder.

GreenTree is more insistent than most. They started by declaring that they needed 5% of the buy price. We told them that wouldn’t occur and they submitted it for 10% and came back with an approval for $13,000. We learned that the BPO was at or less than the offer. Nevertheless, when we submitted it to Bofa, they said ‘no’ to the second’s demand but offered $9,000. That is not a bad offer usually, but when you are dealing with Green tree it isn’t good enough.

In the end we were able to get it accepted. Nevertheless, be aware that Green tree is buying lots of Bofa loans. This is a clear illustration of why you have to know the backer on your files. It makes the procedure much easier when you know precisely who you are working with.

Short sale FAQs and more.

Get powered up by Kevin and Fred at Short Sale Power Hour by the Short Sale Specialists of Arizona