Bion Grady's Blog – March 2011 Archive (10)
Why Do Some People Worship Perfect Credit?
It always amazes me how some people will do anything to have perfect credit. They would rather go hungry than risk harming their prefect credit rating.
A good example is a guy I will call Seth. Seth has perfect credit. He has worked to keep perfect credit for the last 12 years.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking… Continue
A good example is a guy I will call Seth. Seth has perfect credit. He has worked to keep perfect credit for the last 12 years.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking… Continue
Added by Bion Grady on March 23, 2011 at 2:49am — No Comments
Powder Springs Short Sales: Why Lenders Back Off When Threatened With Bankruptcy
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 short sale to avoid foreclosure by clicking here.
The lenders know that most bankruptcies will cause them to lose the ability to pursue you for any losses. This means they… Continue
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
The lenders know that most bankruptcies will cause them to lose the ability to pursue you for any losses. This means they… Continue
Added by Bion Grady on March 21, 2011 at 3:01am — No Comments
Another Example Of Lenders Attempting To Abuse Their Power
The Stop Foreclosure Institute recently received a question from Durry. Here was Durry’s Question.
"We have American Home Mortgage Servicing, a loan processor for a Mortgage held by Deutche Bank, adding a 1% “processing fee” that ONLY the buyer can pay at closing.
This was never revealed until we received the short sale approval letter. The buyer is upset.” Durry.…
Continue
"We have American Home Mortgage Servicing, a loan processor for a Mortgage held by Deutche Bank, adding a 1% “processing fee” that ONLY the buyer can pay at closing.
This was never revealed until we received the short sale approval letter. The buyer is upset.” Durry.…
Continue
Added by Bion Grady on March 14, 2011 at 3:12am — 1 Comment
I can't afford my home. What should I do?
The Stop Foreclosure Institute recently received a question from Steve. Here is Steve's Question.
"I divorced six years ago. We had had our home on the market for some time, but it wasn't selling. My ex needed money to buy another home.
Since it wasn't selling, we refinanced and split the equity. She used… Continue
Added by Bion Grady on March 12, 2011 at 4:24am — No Comments
A Little Known Fact About Short Sale Negotiators
A negotiator at a large bank tried to mislead a Stop Foreclosure Institute Member. She really got on our nerves.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
You see, we've spent the last few years figuring out all the guidelines for short sales. If the loan being shorted is an FHA Loan, VA Loan, Fannie Mae Loan, or Freddie Mac… Continue
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
You see, we've spent the last few years figuring out all the guidelines for short sales. If the loan being shorted is an FHA Loan, VA Loan, Fannie Mae Loan, or Freddie Mac… Continue
Added by Bion Grady on March 10, 2011 at 4:05am — No Comments
Lenders Loses 50k Turning Down Short Sale
- This bank's stockholders are probably unhappy after losing $50,000 over incompetence.
I have a good story today about another bank losing their shirt because their short sale process is so… Continue
Added by Bion Grady on March 9, 2011 at 7:57am — No Comments
Why Short Sales Sell For A Higher Price Than A Foreclosure
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 net more because a home usually sells for more money as a short sale versus after it has been foreclosed upon. Let's go thru a few examples.
Discover how other sellers successfully… Continue
They net more because a home usually sells for more money as a short sale versus after it has been foreclosed upon. Let's go thru a few examples.
Discover how other sellers successfully… Continue
Added by Bion Grady on March 8, 2011 at 7:00am — No Comments
This Short Sale Negotiator Isn't Doing His Job
Here is a question that the Stop Foreclosure Institute recently received. "I am in the middle of a very long negotiation with Chase.
The seller had me to put a clause into the contract stating “upon approval of short sale by sellers’ lender, lenders, & or affiliates, client, or heirs will be released from any monetary… Continue
Added by Bion Grady on March 7, 2011 at 8:00am — No Comments
How to strong arm your lender on a short sale
Here is a technique you can use to “strong arm” you’re your lender on your short sale. The number one reason people short sale is to salvage their credit.
After all, a short sale has much less of an impact on your credit than a foreclosure. Despite all this, banks still make short sales tough.
How would you feel if you worked hard on a short sale only to watch it fall apart because you lender dragged their… Continue
After all, a short sale has much less of an impact on your credit than a foreclosure. Despite all this, banks still make short sales tough.
How would you feel if you worked hard on a short sale only to watch it fall apart because you lender dragged their… Continue
Added by Bion Grady on March 4, 2011 at 4:07am — No Comments
Why it is cheaper to short sell and rent versus staying
Many people are shocked that it is often cheaper to short sale and rent that staying in your home with a loan modification.
They find it hard to believe that they can rent a comparable or even nicer home for less than their mortgage. Here are the two factors that make it possible.…
Continue
Added by Bion Grady on March 3, 2011 at 3:35am — 1 Comment
Latest Blog Posts
- Why Do Some People Worship Perfect Credit?
- Powder Springs Short Sales: Why Lenders Back Off When Threatened With Bankruptcy
- Another Example Of Lenders Attempting To Abuse Their Power
- I can't afford my home. What should I do?
- A Little Known Fact About Short Sale Negotiators
- Lenders Loses 50k Turning Down Short Sale
- Why Short Sales Sell For A Higher Price Than A Foreclosure
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