Bion Grady's Blog – November 2010 Archive (5)
A Few Examples of Loan Servicers Not Doing Their Job
Most people think the person they mail their mortgage payment to every month is the owner of their loan. Not so.
In fact, most of the time, they are not the owner. As an example, 80% of all loans that Bank of America handles are not owned by Bank of America.…
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Added by Bion Grady on November 29, 2010 at 8:03am — No Comments
Question from homeowner: I want to avoid foreclosure, but my lender won’t let me
The Stop Foreclosure Institute recently received a question from Arman. Here is his question.
I am a Seller trying to avoid foreclosure. My agent has a buyer and his offer is with the lender from last seven months. Now the lender told us that Fannie Mae investor refused the short sale offer and the house is going to foreclosure early next week.
Discover how… Continue
I am a Seller trying to avoid foreclosure. My agent has a buyer and his offer is with the lender from last seven months. Now the lender told us that Fannie Mae investor refused the short sale offer and the house is going to foreclosure early next week.
Discover how… Continue
Added by Bion Grady on November 22, 2010 at 3:04am — No Comments
I thought it would work, but it didn't
I'm sure you have heard about forensic loan audits. I've heard people say how wonderful they are. "Your lender will approve your short sale right away", claims one.
Discover how other sellers successfully did a short sale and request a free consultation by clicking… Continue
Added by Bion Grady on November 16, 2010 at 4:58am — No Comments
How to know when the short sale negotiator is lying to you
Negotiating short sales is tough. In my opinion, some of the banks are not making good financial decisions. "We won't approve the file without the financials completely filled out," they say.
Or, they tell you the numbers won't work when the investor guidelines actually say to approve the short sale. If the agent doesn't know who owns the loan (or… Continue
Added by Bion Grady on November 15, 2010 at 5:30am — No Comments
We answer a question from a homeowner facing foreclosure
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The Stop Foreclosure Institute recently received a question from a homeowner facing foreclosure. I'll call him Peter to protect his identity.
(Foreclosure is embarrassing and I don't want to put his name out there.) Peter asked, "I am six months behind on my mortgage payments. I just got the tax bill for 2010 in the mail. Should I pay it?"
He continued, "What will… Continue
The Stop Foreclosure Institute recently received a question from a homeowner facing foreclosure. I'll call him Peter to protect his identity.
(Foreclosure is embarrassing and I don't want to put his name out there.) Peter asked, "I am six months behind on my mortgage payments. I just got the tax bill for 2010 in the mail. Should I pay it?"
He continued, "What will… Continue
Added by Bion Grady on November 4, 2010 at 8:16am — No Comments
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