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Archive for short sale
Jul
09
Avoid This Mistake With Debt Collectors
Posted by: | CommentsThey sucked out $1,800. This caused major financial problems for this guy. He couldn’t afford gas to get to work. The reason that the debt collector was able to get the extra $1,300 was the fine print on the bottom of their form. The moral of the story? Never give any of your financial information to a debt collector or anyone.
If you do settle with a debt collector, only send them a payment where they can’t track you. Use a money order. Money orders keep all of your bank account information private. You can buy one with cash or a debit card. The debt collector will never get your account information.
Never give any of your financial information to a debt collector. Do not send them info on your checking account, savings account, IRA, 401k, or any other financial account you have. Many state and federal laws often give a debt collector permission to take money out of your accounts, with or without your permission.
Unless you are a lawyer, you won’t know if or when they can take money. So you are simply better off never giving them your info. The debt collection company that I mentioned above is based out of Colorado. I don’t remember their name. They tried to collect from another person I know. They were very pushy. They only wanted his checking account info.
They wouldn’t accept any other payment method. It appears they use that tactic on everyone they call. Hope this helps you in your situation. Would you like to discuss your situation with me? You can call e-mail me at Jaxssblog@gmail.comor call me at (386) 719-2330.
Our loan modification kit has the instructions you will need to get a loan modification approved. We show you how to prove to your lender that they will make more money by accepting your loan modification versus foreclosing on the house. They’re in the business of making money, right?
That is why this strategy works. Get more info on this strategy and the tools you need for a successful loan modification by clicking the link.
Discover how other sellers successfully did a short sale and request a free consultation by clicking the link.
Thanks for reading this, Chris Curry.
Chris is a real estate agent at Keller Williams Realty.
Phone: (386) 719-2330.
Email: Jaxssblog@gmail.com
Chris Curry and his team specializes in loan modification assistance and short sales in Jacksonville Florida. Jacksonville Loan Modification Help, Jacksonville Short Sales.
Learn more about keyword #1. Stop by Ben Curry’s site where you can find out all about keyword #2 and what it can do for you.
May
31
The Positive Results Conversation
Posted by: | CommentsCementing a deal has to begin with your first conversation with a client. We have some great success strategies in the short sale business, and this conversation is right at the core.
Any seasoned salesperson knows that the client’s needs and problems should be uncovered before any solution is offered. Once that is accomplished, you can customize your best solution to their particular situation. That’s just smart selling.
A short sale investor’s clients are people in financial trouble who need to sell their homes. Their issue is pretty simple, right? They are in default on their mortgage payments, and the lender wants either the home or the money. When you look a little deeper, that doesn’t really tell you what their needs are. Different people are worried about different aspects of losing their home. Facts are important, but a short sale investor who wants their trust and their business will find out what they’re really worried about before moving on with the conversation.
After you find out what their real concerns are, that’s when you begin tailoring your answers to those concerns. As they speak, listen carefully for the win-win proposition that you think will work for both of you. It’s a rare day when there isn’t a positive solution available for a homeowner in financial trouble. All you do is educate yourself about them, and then educate them about your possible solutions.
You’ve been listening to them for a while, and you now know their story. (If you’re smart, you’ve been letting them do most of the talking.) When they’re done – and only when they’re done – you need to talk about how working with you is the right solution to their problem. That’s where the Positive Results Conversation comes in.
The Positive Results Conversation gives you the chance to repeat their concerns back to them and explain what you can do to help them with each one. This is also the time to explain foreclosure options and how each option may affect their future.
Once you have gone over the options, the next step is to educate the homeowner about the short sale process. As short sale negotiators, we know that a short sale is the option that best minimizes the damage to the homeowner’s financial life, but most people don’t quite understand how everything works – and some people are very suspicious of things they don’t understand. That’s why we also talk about setting expectations.
There is no substitute for realistic expectations when it comes to getting involved in someone else’s financial business. An informed client who makes informed decisions is so much more likely to be a satisfied client. When you manage their expectations, you increase your chances of seeing the Positive Results Conversation work. When you don’t talk about what can and can’t happen, you risk putting yourself in the position of having to explain some unfortunate events later.
That’s also why you shouldn’t stop the Positive Results Conversation until you’re done explaining everything. The homeowner needs to know about everything in your presentation, or they won’t be able to make a fully informed decision about whether to work with you. If you leave an unfinished conversation, the homeowner won’t realize why your proposal can add value to their financial lives, and it may be easier for them to give up too soon.
Bring your own personality to the table, but stick to the script and keep the conversation under 90 minutes. By the end of your presentation, the homeowner should be able to see some positive results already: there is a knowledgeable professional in front of them who is willing and able to help, and there is a solution to their problem besides running away from it and watching what’s left of their credit rating go down in flames.
If you want to learn more, you can read about the whole Positive Results Conversation in the Short Sale Manifesto, which is a special report that can be found on our website (see the link below). There are a lot of talking points, but go over each one with the homeowner. We have done this for years, with positive results for homeowners and for us. Before you know it, you’ll be collecting all the documentation for the short sale package and moving forward.
Remember that this is a presentation we put together from experience. Everything in our Positive Results Conversation is specifically geared toward short sale success, and it has been proven to work over and over again. How will you really know when you get positive results? In your local market, you will become the one that people think of when they need someone who can solve tricky situations with problem properties. Your neighbors will know you as “the short sale expert”!
Need to know more about helping property owners in pre-foreclosure? Check out the Strategic Real Estate Coach resource page and learn our best short sale success strategies!
Jan
24
Know About Short Sell
Posted by: | CommentsThe ‘Short sell’ is a term utilized in many property circles, and the short sale of your house is a last ditch effort to prevent repossession. Possibly to worst thing that would occur, isn’t having the ability to look after your liabilities, and this is one of those things that in some worst case examples people have taken their own lives. It is miserable brooding about having your house go into foreclosure, losing your automobile, and it’s no ask why so many get unhappy
If you’re looking at foreclosure and do not know what to do, there are some options you may use to protect you from bankruptcy or having a massive fat black spot on your credit. It is known as the short sale. It is largely giving up your house for the sum you owe, and walking away from your debt. If you owe more than your house is worth, then your banks will need to accept your house and take the loss.
Now this is something that could be a time-consuming process, and you’ll have to open and spill your courage out to folk who are not your folks. In the long term, it’s better than having a foreclosure or bankruptcy on your record, and could even save your credit history. If you’re about to do this, you must start as fast as you can, and these are some things that will help you.
First thing you should do is educate yourself on what a short sale is and how much is concerned. A way to do this is to take a seat with a Realtor who’s competent in the short sell process. The more experienced they are and particularly if you know them, they can act as a liaison between you and your banks. They can also help you with all of the calculations, like what your debt is on your residence compared to its price, as well as any other debt against it.
Since every state has different laws about foreclosure, it is a good idea to get started right away, or you may lose your chance. Sit down and write your lenders a hardship letter, and you have to be formal about it, just explain the situation in detail why the short sell of your home is the only option, and be honest. When you are done, make sure that you have all the relevant papers stating the situation as well, so your lenders will know that a short sale is your best and only option.
Be prepared both physically and emotional to move fast. Have your stuff packed and either moved into storage, or prepared to move into a rental. Walk through your house, and let go off your feelings, and say your goodbyes. Get down to the basic living prerequisites, and that is it. You will only have a brief period of time in which the quick sales will occur and you will have to move at a minute’s notice.
You’ll be able to find much more detailed info about the short sell of your house online, including realtors, lending agencies, and sites which will help you with the mathematical calculations required. You can discover what the entire short sale process comprises, how much your credit could be effected, and even support groups that will help you with the strain in these uneasy times.
short sell will help you to save lot of dollars and also foreclosure marking on your credit report. To know about homes short sale visit http://www.homesshortsale.org
Jan
18
Understanding the Short Sale Process
Posted by: | CommentsSan Diego Foreclosures For Sale
In real estate industry, short sale has been considered to be one of the worst things that can happen to your house. Of course the top notch on the list is no other than foreclosure. Short sales seem to be much better than bankruptcy and foreclosure. When you plan to sell your house, majority might think you are doing a short sale. This is very common in the areas where house market values went down substantially. And such process has several advantages to those sellers who are on the verge of getting a foreclosure as well as buyers who find for a deal on their next house to live. But short sales can also be confusing, to give you an overview of this complexity, go over the rest of this article.
When you talk of short sale, this is primarily selling a house with a price lower than the mortgage value. A seller who faces the threat of foreclosure engages into a contract with their mortgage lender to get a price for the house that is less than the amount they borrowed. The seller has no income on the sale but stays away from the probable issues and prevents from making it a foreclosed property.
On the other hand, short sale can have some benefits. When sellers decide to dispose the property, they are free from going through the tedious process of foreclosure and avoid the impact of such on their credit record. In a short sale, the seller and the lender talk together and determine the details of the agreement, but it is usually the sellers who finish a short sale to put an end to the existing loan.
The major advantage to the buyers is the fact that they are transferring into a new house at a cheaper price. In addition to that, buyers may think that short sales have other advantage over foreclosures since they will not have any problems on removing the seller from the property.
Certainly, mortgage lenders have other advantages also. In such process, lenders do not have to undergo the complicated foreclosure proceedings. More than anything else, lenders are concerned in getting their money back, and they basically want to stay away from taking the responsibility for disposing the property. Thus, short sale can actually do well to them.
On the other hand, it is inevitable that you can encounter some drawbacks in this process. Initially, lenders will propose to ease the seller of the responsibility of settling the balance of the loan. Thus, sellers should obtain a firm commitment from lenders that says this is part of the agreement. Furthermore, as much as the sellers want to avoid foreclosure, short sale can still affect their credit record to some extent. Hence, sellers should tackle this matter with their lender to know how the procedures will be reported to the credit institutions.
One important thing to consider is that sellers are evaluated if they are qualified for a short sale or not. Take this as an example, few lenders will engage into a short sale transaction with sellers who have a good mode of payment. So, if you are a seller and planning to get a short sale, you will have to talk to your lender and ask the available alternatives.
Overall, if you are a buyer who is planning to enter into a short sale, it would be prudent to get an advice from a real estate broker who can give you a complete explanation of how the process works. In this manner, you can be prepared to incorporate all the necessary information to complete the transaction and live into you new abode.
Jan
17
Foreclosure or Short Sale?
Posted by: | CommentsSan Diego Foreclosures For Sale
In June 2009 there were over 16,000 new foreclosure filings with a total of over 101,000 for the first six months of 2009. This figure is continuing to rise because many homeowners are unable to meet their mortgage payments each month. In the majority of cases this problem is out of their control. In the current economic climate many people are losing their jobs making it impossible for them to meet their living expenses. In the US more than 535,000 jobs were lost in April of 2009 and although the rate of job losses is levelling off, there really doesn’t seem to be an end in sight. In Phoenix, Arizona nearly 75% of homes for sale in June 2009 were foreclosures. An increasing number of homeowners are using a short sale to extract themselves from the foreclosure procedure.
When a lender issues a foreclosure, there are certain steps he needs to complete, according to the laws of Arizona. The process begins when the lender files for foreclosure. Filed with the court are the actual debt and the amount of the default. The homeowner has to be notified either in person or by publication. If the homeowner does nothing, the court can rule against them in their absence. The court then directs that a sale of the property must occur for the lender to recover the amount owed. For court foreclosures, the sale is conducted about 45 days after the court directs the sale
As soon as a foreclosure notice is issued the homeowner must take steps to stop it from reaching a conclusion. One way to do this is to consider a short sale. This is a process that involves persuading the lender to accept less than is actually outstanding on the loan. This process is a very time consuming and complicated one but, if it can be successfully negotiated, in most cases the homeowner can walk away without any additional costs. However, if the amount of the sale at foreclosure does not meet the debt, the lender can sue for the difference. But, in the State of Arizona, this is not allowed on single one or two family homes of less than 2.5 acres.
For most homeowners the complex process of negotiating a short sale would not be an option. So the solution would be to find a reputable Short Sale Investor to negotiate on their behalf. A Short Sale Investor has all the necessary experience to negotiate with the lender in order for an agreement to be reached. His expertise in this field means that the bulk of the work in done by him. It will be necessary to provide him with a lot of information about your financial situation in order for him to put together the best possible argument so your lender will accept your application for a short sale.
You may have given up on the prospect of holding on to your home but negotiating a successful short sale means you can walk away from this with dignity and begin to look forward
Nick Johnson or Motiv8td Investments LLC has been helping homeowners through the process of Short Sales and successfully helping them from a foreclosures in the Phoenix, Arizona market. Make sure to download your FREE report on what options you have in stopping foreclosure in Phoenix, Arizona at Payment-Takeover.com