RECENT BLOG POSTS
Bellevue Short Sales: Why Lenders Back Off When Threatened With Bankruptcy Bellevue WA – Bankruptcy is one of the scariest words a lender can hear. A bankruptcy filing can stall their ability to foreclose by 6 months, and sometimes as long as a year. Discover how other sellers successfully did a ...
03/21/2011
Why Bellevue Short Sales Sell For A Higher Price Than A Bellevue Foreclosure? Bellevue WA – People often wonder why their lender will release their debt in a short sale. Most lenders don't like to release the debt. But, they agree to do it because they know that policy nets them more money. They ...
03/11/2011
Bellevue Short Sales: What is a HUD-1 and why does it matter on a short sale? Bellevue WA – Here is something that drives inexperienced short sale agents crazy. It is a HUD-1, also called a HUD. HUD is the Federal Agency, the Department of Housing & Urban Development, also called HUD. A HUD-1 is...
03/02/2011
Bellevue Short Sales: What is a BPO and why does it matter on a short sale? Bellevue WA – Some agents hate short sales. Why? Because they don't understand them. So, don't believe them when they tell you that short sales are impossible. I will explain what causes their problems in today's post....
02/28/2011
Bellevue Short Sales: The Average Homeowner Can Live 492 Days Rent Free Bellevue WA – According to the Wall Street Journal [1], the average homeowner with a home in foreclosure hasn't made a payment in 492 days. What's even crazier is that those homes are still in the foreclosure process. That...
02/27/2011
Bellevue Short Sales: Why Do Lenders Pretend To Care About Their Customers? Bellevue WA – Have you ever attempted to get a loan modification? If you have, then you probably get bugged when you hear banks talk about how they suposedly care about their customers. Somehow these banks think we ...
02/13/2011
Bellevue Short Sales: How To Get A Short Sale Lender To Waive Deficiency Clause Bellevue WA – The Stop Foreclosure Institute recently received a question from John. Here is John's Question. "I just received a full price offer on my house. My main concern is that I don't get stuck having to pay o...
02/12/2011
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Bellevue Short Sales:Will I Still Have To Pay Property Taxes If I Do A Bellevue Short Sale? Bellevue WA – The Stop Foreclosure Institute recently received a question from Paul. Here is Paul's Question. "I am thinking about a short sale, but I am behind on my property taxes. Will I still have to ...
02/11/2011
Bellevue Short Sales: I Have Mortgage Insurance. Won't That Cover The Deficiency? Bellevue WA – The Stop Foreclosure Institute recently received a question from Max. Here is Max's Question. "If I pay mortgage insurance and default on my loan, why wouldn’t that cover the deficiency amount? Max. "...
02/09/2011
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Bellevue Short Sale: What you can expect during and after the Bellevue Short Sale Process Bellevue WA – Here are a few things you should not be surprised to see crop up during the short sale process. Unscruplous Debt Collection Tactics. If you are facing financial hardship, then paying credit c...
02/07/2011