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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 wealthy person. If I was the lender I would sue them for the loss. Jan.”
The bottom line ...
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Orange Park FL – I have a good story today about another bank losing their shirt because their short sale process is so tough to work with.
The bank in question is a large, top 20 American Bank. They actually owned the loan in question. So their stockholders lost 50k from their negligence. Ouch!
Discover how other sellers successfully did ...
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Orange Park FL – What do you do when the house won’t sell for any more money, but the bank keeps on rejecting the offers? You can give up, but the seller may lose their home to foreclosure. Ouch! Why not escalate the file and get it approved. Here’s an example of how it worked for the Stop Foreclosure Institute.
Discover how ...
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Orange Park FL – First, it benefits the owner of the loan. This is because they get to sell the house at today’s price, versus what it will be worth 6-12 months down the road. I just did a comparison and pulled up sold listings. All of the listings were the similar properties in similar neighborhoods. First, I looked up the average ...
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Orange Park FL – I’ve heard the following myth from a lot of people. Here’s what they tell me.
“The banks can’t afford to approve loan modifications because they don’t want to take the losses on their books that fast. Also, their investors may not approve the short sale, because they can’t afford to write ...
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[photo:listing:1095448]
• 1,365 sq. ft., 2 bath, 4 bdrm ranch ''Traditional''
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MLS®
#372470
SALE PENDING
$164,000
- Ready to move into
Green Cove Springs, Clay County
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Well-maintained 4 bedroom home in quiet neighborhood. Near schools. Fenced back ...
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