Dennis Toomey's (dennis2me) Blog

IL – The Greeks are finding themselves in hot water. They have maxed out their credit. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The government borrowed money and is having a hard time paying it back today. Here is what most people don't unde...

IL – The Stop Foreclosure Institute recently received this question from another agent. Here was his question. “"Have you had any luck getting short sales done with no deficiency with Bank of America? My seller is a young couple. They received a job transfer but are very upside down on the house...

IL – The Stop Foreclosure Institute recently received this question from another agent. Here was her question. “I was just told by the lender on a short sale that they will have to “close” the file because they buyer’s name changed. They said that due to Freddie & Fannie rules if the buyer’s nam...

IL – The Stop Foreclosure Institute recently received this email from Karen. She had ask the us for some help on a short sale. Here was the email. I sent an email to the lender on a short sale, utilizing the e-mail address list you provided. The email was sent at 1:43 p.m. this afternoon. I rece...

IL – The Stop Foreclosure Institute recently received an email from Mercedes. Here was her question. “I need your help on how to escalate a file with Chase. Twelve months and still Chase claims the loan owner, Freddie Mac, will not help with buyer's closing costs, wants a $36,000 promissory note ...

IL – The Stop Foreclosure Institute recently received a question from Marlen. Here was her question. "I am trying to buy a short sale. It has been 4 months and we have heard nothing except that we are now on our 2nd negotiator, still with no contact from them. I am getting very frustrated. Is th...

IL – The Stop Foreclosure Institute recently received a question from Bernice. Here was her question. "Can an investment property that was inherited be a successful short sale without the owner having to pay back the deficiency? I am curious to know the answer. Bernice.” Click here to discover ho...

IL – Here is a problem: Buyers don't like short sales because of the uncertainty and the wait. How do we solve this problem? Click here to discover how other sellers successfully did a short sale and avoided foreclosure. During the short sale process, if the BPO gets completed and the bank won't...

IL – I talk about “escalating” a short sale. To put that in perspective, I am going to give you a real life example of how it is done. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. We had a house on the market for 5 months. We started the price a...

IL – The Stop Foreclosure Institute recently received a question from James. Here was his question. "We are in the middle of a very long negotiation with a large national lender. I had my agent put a clause into the contract stating “upon approval of short sale by sellers’ lender, lenders, & or ...