Are you looking to buy a short sale? Before you make an offer, you need to check and see how many mortgages are on the home. A short sale with only one mortgage is not that difficult. Even an inexperienced agent can often get these approved and sold. Click here to discover how other sellers [...] Read more

Are you looking to buy a short sale? Before you make an offer, you need to check and see how competent the agent handling the short sale is at short sales. This agent will usually be in charge of processing the short sale with the lender. Click here to discover how other sellers successfully did [...] Read more

The Stop Foreclosure Institute recently received a question from another agent. Their seller had a misconception about what to do when selling an upside down home. Here is the question we received: “Do you have a number to contact Fannie Mae? The bank will not allow the seller to not do a short sale and [...] Read more

Definitively Christ-Centered, Distinctively College-Prep The First Academy is a Christ-centered college-preparatory school serving over 1,100 Central Florida students attending K4 through 12th grade. Since its opening in 1987, TFA has continued to grow the academic, fine arts, and athletic programs that have elevated its students to the highest levels of achievement and helped develop strength [...] Read more

The Stop Foreclosure Institute recently talked to a homeowner whose home had been sold on the courthouse steps. We asked if she had considered selling the home as a short sale. “I did, but I heard that short sales are difficult and not worth trying. My friend told me that the banks never approve them”, [...] Read more

A lot of people think that it is normal to wait 6-8 months for an answer on a short sale or loan modification. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Bank of America, Chase, and several other lenders need to improve their response times. But, they won’t [...] Read more

The Stop Foreclosure Institute recently received a question from Brandon. Brandon is selling his house and something very interesting happened. Brandon’s Question: “My lender is tring to charge a 1% short sale processing fee to the buyer. Is that legal? The buyer is upset. They have stipulated that ONLY the buyer can pay the fee. [...] Read more

The Stop Foreclosure Institute recently received a question about renting a home in foreclosure. Short Sale Question: “I am own two homes that are in foreclosure. I would like to rent the homes during the foreclosure process. I will continue to pay the homeowner’s association fees. I will not be paying the mortgage. Is it [...] Read more

After yesterday’s blog post, I am sure that some people were wondering why a Second Mortgage or HELOC gets zero from a foreclosure. Let me explain why. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. When a property is foreclosed upon, it is auctioned on the courthouse steps. [...] Read more

The Stop Foreclosure Institute recently received a question about short sales. Here is the question. “What is your experience with HELOCs? I have a HELOC that is a 2nd mortgage. The first mortgage will give them 6% or approximately $3000. The HELOC is saying that they want 30% ($30,000.) They won’t budge. They want this [...] Read more