I do not recommend all of these approaches for all instances. However, by using these strategies you may be able to slow the sheriff sale and do the right thing. Ohio Delay Foreclosure Method 1- Bankruptcy Bankruptcy is a kind of “ace in the hole” for delaying foreclosure in Ohio (or any state for that [...]
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Will HAFA Supplemental Directive 09-09 eliminate short sale investor flips / quickturns
I recently posted on this blog the following article Short Sale Heaven Coming April 5th 2010 . Out of it came several interesting comments including a post from an gentleman who sharply disputed my comments let me know that I’d “been schooled.” I delayed replying because I thought further discussion of the subject of the [...]
Short Sale Heaven Coming April 5th 2010
I noticed an article through Reuters reporting, Treasury sets guidance to simplify “short sales”. The HAMP website released “Supplemental Directive 09-09” which is the new guidelines for servicers doing short sales (HAFA details here – HAFA means Home Affordable Foreclosure Alternatives). Short sale agents and distressed home sellers have been waiting for these guidelines with [...]
Wherever you are… you can be happy/ thankful that you aren’t Detroit :)
The Detroit News published an article about the sale of the Pontiac Silverdome. The silver dome was the former home of the Detroit Lions which cost 55.7 million to build in 1975. Just recently the 80,300 seat indoor stadium sold for for $583,000 nearly 1 percent of what the original cost of building it was. [...]
How to file an answer if you are sued for foreclosure
You should definitely hire an attorney if you are sued for foreclosure. But if you don’t have the money to hire an attorney and you don’t qualify or can’t obtain legal aid then this video can give you some helpful DIY hints. This is one of the videos from the free course that I offer [...]
How do I get the original loan documents from my lender?
How do I obtain the documents from a: the servicer B; the original lender and C; the closing title company?
Question: Bank (ASC) won’t do loan modification for investor. What do I do now?
I just recieved an email from another professional who’s negotiations have come to a complete halt while working with a servicer to modify his clients loans. He wrote the following: I am currently working with (1) Investor, we are Modifying (20) Loans with ASC, It has taken a LONG time to get (1) negotiator, & [...]
Are you 30 days away from losing your home to foreclosure?
You might think you are going to lose your home. However this might not be the case. If you don’t have a foreclosure scheduled the following video will show you how to pin point the amount of time in your area from foreclosure filing to foreclosure sale.
(Part 3 of 3) Will my be able to be sold on a foreclosure short sale by an agent or expert successfully?
Short sale success factor # 7 – fraud – Did you commit fraud in any way previously? Did you lie and/or exaggerate in any way on your loan application in any way? Did you default on your loan in the first six months? If you answered yes to any of these you either committed fraud [...]
(Part 2 of 3) Will my be able to be sold on a foreclosure short sale by an agent or expert successfully?
Short sale success factor #4- Junior liens- second mortgages and judgements One of the difficulties I run into very often is dealing with junior liens. A junior lien takes lessor priority than a more senior lien like a first mortgage or property tax lien when it comes time to get paid out of the proceeds of a forced [...]
(Part 1 of 3) Will my home be able to be sold on a foreclosure short sale by an agent or expert successfully?
Many of my clients want to know if it is even possible to sell their home on a short sale. As a real estate agent short sale specialist serving the greater Cleveland Ohio Market I serve a very a large 7 County Area. With the way the market is in our area and around the country I see a lot of people who are behind [...]
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Rob@Jupiter Real Estate: In Florida we have many condos located on oceanfro...
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Larry: It should almost be a necessity to have a swimming...
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New Media 4 Agents: I think we are past the stage of wondering if it w...
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Jim Wagoner: Good information we all should try to live by....
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Mike Pannell: Tony, i tried to sign my Wife up on your property ...
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$10000 California First Time Home Buyer and New Home Tax Credit Extended
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Unite Against the Sarasota MLS Board
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Short Sale Heaven Coming April 5th 2010
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The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!
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