Homes For Sale Winter Springs | Florida Real Estate

“I can’t process this short sale without the TPS form filled out with the seller’s full name”, the short sale negotiator told him. “But, based on my calculations, this short sale will help your company avoid a $17,000 loss”, the agent replied. Click here to discover how other sellers successfully did a short sale and [...] Read more

Short Sales can be frustrating. Ask anyone who has negotiated a short sale with a lender and they will tell you the process is tough. Here is a story that illustrates this point. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. You are negotiating a short sale with [...] Read more

I read an interesting book that was written by a former real estate agent. The author, Robert Ringer, talked about persistence and how it helps you be successful. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. He told a story about negotiating a price on a product he [...] Read more

Some homeowners have watched the value of their home be drop by 30-50%. They paid $700,000 for a house that is now worth $400,000. They want a principal reduction, but their lender won’t agree to it. Lenders will drop your interest rate to 2% for five years. But, they are very reluctant to grant principal [...] Read more

The Stop Foreclosure Institute recently received a question from John. Here is John’s Question. “Is it legal for a short sale seller to buy the house he is selling on short to reduce his mortgage loan?” asked John. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here was [...] Read more

Short Sales and foreclosures have a big impact on home values. But, how they affect them varies dramatically. Every short sale helps stabilize the housing market. The reason is because short sales sell for much more than a foreclosed property does. Most short sales have a homeowner who still lives there. The homeowner has kept [...] Read more

Convincing a lender to approve a short sale isn’t that difficult when you know the guidelines they are forced to follow. I have mentioned it elsewhere on this blog, but I will mention it again. Around 80% of all loans held by large national lenders (such a Bank of America or Wells Fargo) are not [...] Read more

It is very stressful to be upside down and facing foreclosure. You are worrying about everything. You find yourself thinking, “When is the bank going to kick me out? “How will I pay back that huge debt?” “When will I ever be able to stop worrying about money?” “I remember when I did not worry [...] Read more

A hardship letter is one of the most important items in a short sale. This is your opportunity to explain why your lender should approve your short sale and let you walk away from the debt. In clear terms, you need to layout exactly why you can no longer afford to keep the property. Click [...] Read more

 First, it benefits the owner of the loan. The owner can be the bank or a third party such as Fannie Mae or Freddie Mac. They are Quasi-Governmental Entities. The American Taxpayer has bailed them out to the tune of hundreds of millions of dollars and will continue to bail them out for any future [...] Read more