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May 2011 - Posts
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Orange Park FL – The Stop Foreclosure Institute recently received a question from Christina. Here is her question. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. “I just read your article Frequently Read More...
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Orange Park FL – Lenders hate losing money. They hate loan modifications, principal reductions, and any other thing that causes them to lose money. But, in today’s tough economy they have no choice but to accept them. The primary reason a Read More...
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Orange Park FL – If your loan has Private Mortgage Insurance, also known as PMI, then there is a high likelihood that they will request that you sign a promissory note. Today’s blog post talks about how to convince the lender to waive it. Read More...
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Orange Park FL – I see a lot of agents making mistakes on short sales property valuation. Lenders hire a supposedly impartial third party to value the property. Many of these people are evaluating 10 properties a day. There is very little quality Read More...
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Orange Park FL – The Stop Foreclosure Institute recently received a question about renting a home in foreclosure. Short Sale Question: I am selling 2 of homes that are short sales. I would like to rent the homes during the foreclosure process. I Read More...
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Orange Park FL – Yesterday, we told you about a new program that Fair Isaac, the founder of the FICO score, came out with to tracks strategic defaults. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Read More...
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Orange Park FL – Another agent recently e-mailed the Stop Foreclosure Insitute. They were having a hard time with a short sale on a Fannie Mae Loan. Get my Free, Step By Step Loan Modification Guide by clicking here. Here is an excerpt from the Read More...
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Orange Park FL – Here are the recommended steps to take before you strategically default. We have consulted a financial expert who recommends these steps before strategically defaulting. He believes that taking these steps will reduce the likelihood Read More...
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Orange Park FL – Getting a loan modification accepted is tough. Many that should have be accepted end up rejected. I recently saw a bank foreclose on a 400k mortgage. The house sold for 130k! They would have made more money just cutting the homeowner’s Read More...
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Orange Park FL – If you’re trying to get a loan modification, then you have think like a banker. How you present your finances is the key to success. You’ve got to show them an income that’s not too high and not too low. If you Read More...
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Orange Park FL – In my opinion, the decision making process most lenders use to approve or deny a loan modification is flawed. It appears that the lenders have one thing in mind when you stop paying. Get my Free, Step By Step Loan Modification Guide Read More...
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Orange Park FL – After yesterday’s blog post, I am sure that some people were wondering why a HELOC gets zero from a foreclosure. Let me explain why. Get my Free, Step By Step Loan Modification Guide by clicking here. When a property is foreclosed Read More...
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Orange Park FL – The average American knows very little about what is happening with loan modifications. They think the banks are doing a great job helping people stay in their homes. Get my Free, Step By Step Loan Modification Guide by clicking Read More...
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Orange Park FL – Lenders reject loan modifications only to lose more money when they sell the home after foreclosure. Here is how to prove the loss to them. Get my Free, Step By Step Loan Modification Guide by clicking here. When you request your Read More...
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Orange Park FL – This is a common myth that is promoted by people that do not understand lenders or the foreclosure process. However, it’s not true. Get my Free, Step By Step Loan Modification Guide by clicking here. Many homeowners have short Read More...
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Orange Park FL – The Stop Foreclosure Institute recently received a question about short sales. Here is the question. “What is your experience with Chase Heloc’s? I have a HELOC that is a 2 nd mortgage. Citi (the 1st) will give them Read More...
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Orange Park FL – The Stop Foreclosure Institute recently received a question from Aaron. Here was his question. “I recently purchased another home and make a good living. However, I can’t afford to pay both mortgages. (The house won’t Read More...
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Orange Park FL – The Stop Foreclosure Institute received a few responses from yesterday’s blog post. Most of the questions went something like this. “I think a lender would be stupid to approve an investment property short sale for a Read More...
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Orange Park FL – The Stop Foreclosure Institute recently received a question from Cathy. Here was her question. “I am trying to buy a house that is a short sale. It has been 4 months and we have heard nothing. The agent did mention that they Read More...
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Orange Park FL – We at the Stop Foreclosure Institute receive calls all the time that go something like this “I have fought the bank for year and half, and after paying thousands and thousands I have decided to short sale, can you help me”? Read More...
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Orange Park FL – We at the Stop Foreclosure Institute receive emails all the time that go something like this “The Bank’s Short Sale Problems are not that simple. A bank can’t afford to write off too much loss at once. Also, their Read More...
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