It seems unlikely that the big banks could help the housing marketing and make a profit at the same time. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. #1: Approve more Loan Modifications. Every loan modification is one less home that has to be sold as a distress [...] Read more

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

The Stop Foreclosure Institute gets asked this question quite a bit. The answer depends on the type of loan you are looking to use to purchase your next home. Here are the details on your options to buy another home after a short sale. Click here to discover how other sellers successfully did a short [...] 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

The Stop Foreclosure Institute recently received a question from another agent. Here was her question. “I have a short sale listed. At what time in the short sale process do you stop accepting additional offers for submittal to the lender? If you accept another offer after you’ve already submitted one to the lender, does it [...] 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

We recently sent everyone in congress a fax about a certain large bank. They had done a lousy job on a short sale file. We waited 90 days for an answer on an offer. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The buyer was impatient and canceled [...] 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

 Another agent recently e-mailed the Stop Foreclosure Insitute. They were having a hard time with a short sale on a Fannie Mae Loan. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here is an excerpt from the agent’s e-mail. “I spoke with Josh @ Fannie Mae. He said [...] 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