Short Sales: Isn’t It Time For A Homeowner’s Bill of Rights?

Short Sales: Isn’t It Time For A Homeowner’s Bill of Rights?

The big banks made mistakes and received a bailout. They have the resources to lobby congress and the courts to have laws written to suit them.

But, what has the little guy received? Nothing. So we decided to put together a Homeowner’s Bill of Rights. It’s time we had Washington look at what we want, versus taking care of the big banks.

ImageDiscover how other sellers successfully completed a short sale and request a free consultation by clicking here *http://www.isellyourfloridahome.com/#!contact/c15n8

Considering that the big banks have way more rights than the little guy, here is what we think should be done to “level the playing field.”

The Homeowner’s Bill of Rights.

1. Stop The Loan Modification Insanity! The Right to an open and transparent loan modification process.

Any homeowner that can no longer afford their mortgage payment, petitions their lender for a loan modification, and it turned down shall receive a written, coherent response from their lender detailing why they were denied and what they can do to be approved for a loan modification.

2. The right to get an answer to a voicemail or e-mail from a loan mod or short sale negotiator within one business day.

3. The right to obtain the rules and guidelines for the loan modification of short sale from the loan servicer.

Most loans are owned or insured by someone other than the lender the homeowner mails their payment to. However, these front entities still make decisions contrary to the investor or insurer’s guidelines.

As such, the loan servicer should send any and all guidelines regulating the loan modification and short sale process to the homeowner.

4. The right to deal with one person who will make the decision to approve or deny their loan modification or short sale.This person should be available to reach by phone or e-mail.

5. The right to attempt to negotiate a loan modification or short sale without fear.

The homeowners have the right to have all foreclosure proceedings stopped when they are negotiating a loan modification or short sale.

Many lenders use an impending foreclosure sale date to force a higher payment from a homeowners attempting to secure a more affordable payment.

Many times the reason the sale date is so near is because the lender has dragged their feet on negotiating with the homeowner.

Because they are under duress, many homeowners will agree to a payment they cannot afford. Sure the loan mod negotiator at the bank gets a bonus.

But, everyone loses when the homeowner re-defaults and the lender has to process a loan modification all over again.

6. The right to walk away from their upside down mortgage debt.

We often see the lenders hold such a hard line on getting repaid everything they owe that they allow the collateral (the home that is mortgaged) decline in value even more than they ever would have received as repayment from the debtor.

7. Stop the Debt Collector Harassment! The right to tell any and all debt collectors to stop calling and never receive a phone call from then again.

In addition, this would include debt collectors that know the person’s phone number, but will call family members in an attempt to embarrass the debtor.

This is America people! Debtor’s prison was abolished two centuries ago! It’s time to update your activities to the Twenty-First Century!

8. The right to have their short sale handled competently. The short sale process with most lenders is seriously flawed.

Because of this, we see short sale offers for 385k rejected, only to see the home sell for 230k after foreclosure. This hurts homeowners, the banks, the housing market, and the American Economy.

Is it fair to pursue a homeowner for a larger deficiency when it was the lender’s decision to reject the short sale that caused the deficiency to be larger? I don’t think so.

Because of that, the homeowner has the right to have their short sale handled as detailed below.

A. All deficiencies are forgiven. We often see the lenders hold such a hard line on getting repaid everything they owe that they allow the collateral (the home that is mortgaged) decline in value even more than they ever would have received as repayment from the debtor.

Making the infamous difficult short sale process simpler and more attractive to buyers would net the banks way more money than will ever be recouped chasing down sellers.

B. To have their short sale handled to process everything as smoothly and quickly as possible so the home sells for top dollar and the loan owner receives the most money possible.

C. The right to work with a competent, experienced agent who specializes in short sales.

D. The homeowner is given a written list of investors, mortgage insurance companies, etc. (with contact information) that need to be satisfied for the Short Sale to be approved.

E. An appraisal is ordered and then the home is listed for sale at that price.The price is dropped by 5% a month, or whatever that lender’s standard price drop is for Bank Owned Properties.

F. Home buyers get an answer to their offer within 2 business days.

G. An appraisal is ordered and then the home is listed for sale at that price.

H. Allow short sale buyers 45-60 days to get their loan approved. Many lenders that have loan servicing departments that handle short sales.

These departments demand that a home buyer close the transaction within 30 days of short sale approval. However, these same companies have lending sides that cannot close a loan in less than 45-60 days.

So essentially, they are demanding that other banks close loans in 30 days, when they themselves cannot do the same thing. I would call that serious hypocrisy! Don’t you agree? Thinking about a short sale?

Find out how much your home is worth.
Free House Value   Click here*     http://instantbizsites.com/VaughnRice/house-value

ImageShort sales can drag out giving you time. It takes maybe sometimes a month to sell the house. Then, the short sale negotiations start. They can drag out for 3-6 months. So instead of foreclosure here is what you should do.

Here is a tactic you can use to delay the foreclosure process and even stop a foreclosure sale. Stop Your Foreclosure With A Short Sale  Click here *http://instantbizsites.com/VaughnRice/stop-foreclosure

Image Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *http://www.isellyourfloridahome.com/#!contact/c15n8

Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail atc.mrvaughn@gmail.com

I will contact you for a free consultation. Click Here *Image

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 813-679-3477 or visit at http://www.isellyourfloridahome.com/

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *
http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area.

Thanks for reading this, Vaughn Rice.

Vaughn is a Real Estate Agent at Quicksilver Real Estate Group.
E-mail:  c.mrvaughn@gmail.com or visit athttp://www.isellyourfloridahome.com/
Phone: 813-679-3477. Click Here*Image

One You Can Trust To Serve You

View My Office homes for sale at  http://companylistings.drshortsale.mfr.fusionmls.com/

Vaughn Rice specializes in assistance with short sales in Tamp Bay Area of Florida

Vaughn Rice, Quicksilver Real Estate Group is not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. I can offer you loan modification information.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Vaughn’s personal views and do not reflect the views of Quicksilver Real Estate Group.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *
http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area. E-mail:  c.mrvaughn@gmail.com or visit athttp://www.isellyourfloridahome.com/
Phone: 813-679-3477   Click Here *Image
This information on, Short Sales: Isn’t It Time For A Homeowner’s Bill of Rights?   Is provided as a courtesy to our viewers to help them make informed decisions.

Short Sale Question: Getting divorced. Can’t Afford Home. What Should I Do?

Short Sale Question: Getting divorced. Can’t Afford Home. What Should I Do?

I recently received a question from Katie. “My spouse and I are getting a divorce. Unfortunately neither of us can afford the house on our own.

So, we have to get rid of it one way or another. The big problem is that the house has dropped in value since we bought it. I think it is worth around $400,000 and we owe about $600,000.

I am curious about what options we have. What do you think we should do? Katie.”

ImageDiscover how other sellers successfully completed a short sale and request a free consultation by clicking here *http://www.isellyourfloridahome.com/#!contact/c15n8

Here was my recommendation. In this case I would recommend you sell the house. Here are three options that you have.

Option #1: Let your lender foreclose on the home. You just stop making the payments and surrender the home to your lender.

Option #2: Rent the property. This is a good way to earn some extra money.

However, if you are upside down, then it is more than likely that the rent will not cover the mortgage. That means someone will have to write a check each month covering the loss.

Option #3: Short Sale the house and get the debt wiped out. A short sale offers the following benefits over a foreclosure.

You are eligible for another loan within 3 years after a short sale and sometimes even sooner than that. However, if your lender forecloses on the home, then current Fannie Mae Guidelines require you to wait 5-7 years before you can buy another home with a Fannie Mae Loan.

Most other banks and lenders have the same or even stricter guidelines. Any future loan application will require you to answer the question, “Have you had a property foreclosed upon or given title or deed in lieu thereof in the last 7 years?”

If your lender forecloses on your home, then an you’ll have to answer “yes” to that question. If you short sell the house, then you can state “No” because you short sold your home.

With a foreclosure your score is typically lowered by 250 to 300 points, or even more. This often stays on your credit score for over 3 years.

If you short sell your home, then only late payments show up on your credit. After a short sale, the mortgage is normally reported as “paid in full, settled.”

This lowers your score as little as 50 points if all other payments are being made. Oftentimes, this is off your credit report in as little as 12 months.

If your lender forecloses on your home, you may end up having to repay them for the money they lost. A foreclosure can take 12-18 months to process.

This dramatically increases the loss and makes any deficiency judgment potentially bigger. Contrast this with a short sale.

Few lenders ask for a promissory note on a short sale. As an example, on one short sale, the bank lost over $120,000. They settled with the seller for $25,000 to be repaid over 15 years with zero interest.

The seller’s monthly payment was only $138,89. You can often even negotiate and have the promissory note waived. Most lenders also have a policy that the upside down debt is erased on a short sale.

It doesn’t happen every time. So check your options before you start the process. Thinking about a short sale?

Find out how much your home is worth.
Free House Value   Click here*     http://instantbizsites.com/VaughnRice/house-value

ImageShort sales can drag out giving you time. It takes maybe sometimes a month to sell the house. Then, the short sale negotiations start. They can drag out for 3-6 months. So instead of foreclosure here is what you should do.

Here is a tactic you can use to delay the foreclosure process and even stop a foreclosure sale. Stop Your Foreclosure With A Short Sale  Click here *http://instantbizsites.com/VaughnRice/stop-foreclosure

Image Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *http://www.isellyourfloridahome.com/#!contact/c15n8

Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail atc.mrvaughn@gmail.com

I will contact you for a free consultation. Click Here *Image

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 813-679-3477 or visit at http://www.isellyourfloridahome.com/

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *
http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area.

Thanks for reading this, Vaughn Rice.

Vaughn is a Real Estate Agent at Quicksilver Real Estate Group.
E-mail:  c.mrvaughn@gmail.com or visit athttp://www.isellyourfloridahome.com/
Phone: 813-679-3477. Click Here*Image

One You Can Trust To Serve You

View My Office homes for sale at  http://companylistings.drshortsale.mfr.fusionmls.com/

Vaughn Rice specializes in assistance with short sales in Tamp Bay Area of Florida

Vaughn Rice, Quicksilver Real Estate Group is not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. I can offer you loan modification information.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Vaughn’s personal views and do not reflect the views of Quicksilver Real Estate Group.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *
http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area. E-mail:  c.mrvaughn@gmail.com or visit athttp://www.isellyourfloridahome.com/
Phone: 813-679-3477   Click Here *Image
This information on,Short Sale Question: Getting divorced. Can’t Afford Home. What Should I Do?   Is provided as a courtesy to our viewers to help them make informed decisions.

How A Short Sale Can Help You And Your Neighbors Avoid The Side Effects Of A Foreclosure

How A Short Sale Can Help You And Your Neighbors Avoid The Side Effects Of A Foreclosure

I recently received a question from Werner. “I am behind on my payments and thinking of just letting my home go into foreclosure. What does that do to the neighborhood?” he asked.

Here is our answer to his question. It does hurt the neighborhood. But, it also hurts you.

ImageDiscover how other sellers successfully completed a short sale and request a free consultation by clicking here *http://www.isellyourfloridahome.com/#!contact/c15n8

Most banks do not do a good job and processing and handling foreclosures
. They take 12-18 months to foreclosure on a house and then sell it.

In the meantime they do little to maintain the home. I estimate that half of all the properties I have seen in foreclosure have never even been checked on by the lender.

It has gotten so bad that one homeowner even started up a website to report on these banks. The website is called Lender Offender. Check it out here: <a href=”http://www.lenderoffender.com/“>www.LenderOffender.com</a>.

In my opinion these banks are not being responsible with these properties. The biggest problem is that Uncle Sam usually takes the fall for any loss.

Uncle Sam does this by guaranteeing them against loss on many mortgages. Or in other cases, Uncle Sam has already bought the defaulted loan from the bank.

The homes eventually sell for a discount after the foreclosure. No home buyer is going to pay market value for a home that needs repairs!

This gives the banks little incentive to check on these properties. Fortunately you can help. Stay in your home until it sells. Keeps it looking good and everything in good order?

Then, put it up for sale as a short sale. That will help protect the property values in your neighborhood. Thinking about a short sale?

Find out how much your home is worth.
Free House Value   Click here*     http://instantbizsites.com/VaughnRice/house-value

ImageShort sales can drag out giving you time. It takes maybe sometimes a month to sell the house. Then, the short sale negotiations start. They can drag out for 3-6 months. So instead of foreclosure here is what you should do.

Here is a tactic you can use to delay the foreclosure process and even stop a foreclosure sale. Stop Your Foreclosure With A Short Sale  Click here *http://instantbizsites.com/VaughnRice/stop-foreclosure

Image Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *http://www.isellyourfloridahome.com/#!contact/c15n8

Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail atc.mrvaughn@gmail.com

I will contact you for a free consultation. Click Here *Image

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 813-679-3477 or visit at http://www.isellyourfloridahome.com/

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *
http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area.

Thanks for reading this, Vaughn Rice.

Vaughn is a Real Estate Agent at Quicksilver Real Estate Group.
E-mail:  c.mrvaughn@gmail.com or visit athttp://www.isellyourfloridahome.com/
Phone: 813-679-3477. Click Here*Image

One You Can Trust To Serve You

View My Office homes for sale at  http://companylistings.drshortsale.mfr.fusionmls.com/

Vaughn Rice specializes in assistance with short sales in Tamp Bay Area of Florida

Vaughn Rice, Quicksilver Real Estate Group is not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. I can offer you loan modification information.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Vaughn’s personal views and do not reflect the views of Quicksilver Real Estate Group.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *
http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area. E-mail:  c.mrvaughn@gmail.com or visit athttp://www.isellyourfloridahome.com/
Phone: 813-679-3477   Click Here *Image
This information on, How A Short Sale Can Help You And Your Neighbors Avoid The Side Effects Of A Foreclosure. Is provided as a courtesy to our viewers to help them make informed decisions.

Short Sales: Can I Short Sale If I Don’t Have A Normal Hardship?

Short Sales: Can I Short Sale If I Don’t Have A Normal Hardship?

I recently received a question from Chad. Here is Chad’s Question.

“I own a condo that I purchased in 2007, pre-construction for $375,000. My mortgage balance is $337,000.

ImageDiscover how other sellers successfully completed a short sale and request a free consultation by clicking here *http://www.isellyourfloridahome.com/#!contact/c15n8

I have been trying to sell my unit for upwards of 2 years with no success. I have been unable to refinance because my unit is worth much less than the balance on my mortgage.

I have been denied a loan modification. I must move by this summer and do not want to make a penny on the sale. I just want to be rid of this property.

I have been advised that I would not get approved for a short sale because I do not have a financial hardship. However, I am not sure this is correct. I am seeking advice as to what my options are.” said Chad.

Here was our answer. If you are moving for a job transfer, then you have a legitimate hardship. I do know this.

If you move in 6 months and stop making the payments, then something will need to be done. The bank will either approve a short sale or foreclose on your property.

You could try to rent the unit out and write a check every month to cover the payments. But, then you would be limping along for years until the market improved and you can sell.

But, what if things get worse? What if a tenant trashes your condo and you can’t afford the repair bill? No one wants to rent a trashed condo.

You would have a hard time covering the payments then and even risk a foreclosure. I would start the short sale process today. There is a good chance that your lender would approve a short sale today.

If not, then you could convince them to approve it later, after you have moved. Some short sale negotiators are easy to work with and will approve the short sale.

Others might play hardball and want a promissory note from you. It’s all negotiations. The sooner you start the negotiations, the sooner you can move on with your life. Thinking about a short sale?

Find out how much your home is worth.
Free House Value   Click here*     http://instantbizsites.com/VaughnRice/house-value

ImageShort sales can drag out giving you time. It takes maybe sometimes a month to sell the house. Then, the short sale negotiations start. They can drag out for 3-6 months. So instead of foreclosure here is what you should do.

Here is a tactic you can use to delay the foreclosure process and even stop a foreclosure sale. Stop Your Foreclosure With A Short Sale  Click here *http://instantbizsites.com/VaughnRice/stop-foreclosure

Image Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *http://www.isellyourfloridahome.com/#!contact/c15n8

Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail atc.mrvaughn@gmail.com

I will contact you for a free consultation. Click Here *Image

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 813-679-3477 or visit at http://www.isellyourfloridahome.com/

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *
http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area.

Thanks for reading this, Vaughn Rice.

Vaughn is a Real Estate Agent at Quicksilver Real Estate Group.
E-mail:  c.mrvaughn@gmail.com or visit athttp://www.isellyourfloridahome.com/
Phone: 813-679-3477. Click Here*Image

One You Can Trust To Serve You

View My Office homes for sale at  http://companylistings.drshortsale.mfr.fusionmls.com/

Vaughn Rice specializes in assistance with short sales in Tamp Bay Area of Florida

Vaughn Rice, Quicksilver Real Estate Group is not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. I can offer you loan modification information.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Vaughn’s personal views and do not reflect the views of Quicksilver Real Estate Group.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *
http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area. E-mail:  c.mrvaughn@gmail.com or visit athttp://www.isellyourfloridahome.com/
Phone: 813-679-3477   Click Here *Image
This information on, Short Sales: Can I Short Sale If I Don’t Have A Normal Hardship? Is provided as a courtesy to our viewers to help them make informed decisions.

How Much Do You Charge For A Short Sale in?

How Much Do You Charge For A Short Sale in?

I recently received an email with a question from Tracy. Here is Tracy’s Question.

ImageDiscover how other sellers successfully completed a short sale and request a free consultation by clicking here *http://www.isellyourfloridahome.com/#!contact/c15n8

“I have not been late on any payments but my income will be changing dramatically towards the end of the summer. What is your exact service and what are the fees involved? I do not have any cash in savings and pretty much live paycheck to paycheck. Tracy.”

Here is the answer to Tracy’s Question: A Short Sale doesn’t cost the homeowner any money. All of the costs are paid for by the homeowner’s lender.

Now, I’m sure you are asking, “The bank is losing money on the short sale. They wouldn’t want to have to pay to sell the property.”

Many people also think this. After all, it makes sense logically. But, it’s actually not the case.

Banks have been lending money for centuries. They have learned from past experience that a short sale is a good way to cut their losses.

In fact, a recent study by the Boston Consulting Group actually showed that a short sale reduced a lender’s losses by 20%, compared to a foreclosure.

After a lender forecloses on a property they put it up for sale. They have to hire and pay a real estate agent and all the other related costs.

Why not pay those costs on a short sale and cut their losses by 20%? It’s a good business decision. And that’s why a short sale doesn’t cost the homeowner anything.

Your lender covers all the cost including the real estate agent, title fees, and other closing costs. Thinking about a short sale?

Find out how much your home is worth.
Free House Value   Click here*     http://instantbizsites.com/VaughnRice/house-value

ImageShort sales can drag out giving you time. It takes maybe sometimes a month to sell the house. Then, the short sale negotiations start. They can drag out for 3-6 months. So instead of foreclosure here is what you should do.

Here is a tactic you can use to delay the foreclosure process and even stop a foreclosure sale. Stop Your Foreclosure With A Short Sale  Click here *http://instantbizsites.com/VaughnRice/stop-foreclosure

Image Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *http://www.isellyourfloridahome.com/#!contact/c15n8

Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail atc.mrvaughn@gmail.com

I will contact you for a free consultation. Click Here *Image

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 813-679-3477 or visit at http://www.isellyourfloridahome.com/

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *
http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area.

Thanks for reading this, Vaughn Rice.

Vaughn is a Real Estate Agent at Quicksilver Real Estate Group.
E-mail:  c.mrvaughn@gmail.com or visit athttp://www.isellyourfloridahome.com/
Phone: 813-679-3477. Click Here*Image

One You Can Trust To Serve You

View My Office homes for sale at  http://companylistings.drshortsale.mfr.fusionmls.com/

Vaughn Rice specializes in assistance with short sales in Tamp Bay Area of Florida

Vaughn Rice, Quicksilver Real Estate Group is not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. I can offer you loan modification information.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Vaughn’s personal views and do not reflect the views of Quicksilver Real Estate Group.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *
http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area. E-mail:  c.mrvaughn@gmail.com or visit athttp://www.isellyourfloridahome.com/
Phone: 813-679-3477   Click Here *Image
This information on, How Much Do You Charge For A Short Sale in? Is provided as a courtesy to our viewers to help them make informed decisions.

Short Sales: Don’t Sweat It If The First Buyer Gets Impatient And Cancels Their Offer

Short Sales: Don’t Sweat It If The First Buyer Gets Impatient And Cancels Their Offer

Image Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *http://www.isellyourfloridahome.com/#!contact/c15n8

Short Sales can be frustrating. It can take a long time for the lender to process everything and finally give the buyer an answer on their offer.

Oftentimes, by the time the lender makes a decision, the first buyer has gotten impatient and moved on to another property.

It may seem like a wrench has been thrown into the works and destroyed your chance at a successful short sale. Let me explain why that isn’t the case.

Most lender short sale departments are overworked. That is why it takes 60-90 days for them to get back with an answer on the short sale.

Some buyers get impatient and move on before they get an answer. On the other hand, we have seen some buyers wait for 4-5 months to get an answer on their offer.

The lender approved their offer and they bought the house. That’s why we don’t sweat it if a buyer gets impatient. Another buyer will come along and buy the house and wait the necessary time for their offer to be approved.

Besides, we usually know what price the lender will accept and the next buyer’s offer can be approved much faster. Thinking about a short sale?

Find out how much your home is worth.
Free House Value   Click here*     http://instantbizsites.com/VaughnRice/house-value

ImageShort sales can drag out giving you time. It takes maybe sometimes a month to sell the house. Then, the short sale negotiations start. They can drag out for 3-6 months. So instead of foreclosure here is what you should do.

Here is a tactic you can use to delay the foreclosure process and even stop a foreclosure sale. Stop Your Foreclosure With A Short Sale  Click here *http://instantbizsites.com/VaughnRice/stop-foreclosure

Image Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *http://www.isellyourfloridahome.com/#!contact/c15n8

Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at c.mrvaughn@gmail.com

I will contact you for a free consultation. Click Here *Image

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 813-679-3477 or visit at http://www.isellyourfloridahome.com/

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *
http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area.

Thanks for reading this, Vaughn Rice.

Vaughn is a Real Estate Agent at Quicksilver Real Estate Group.
E-mail:  c.mrvaughn@gmail.com or visit athttp://www.isellyourfloridahome.com/
Phone: 813-679-3477. Click Here*Image

One You Can Trust To Serve You

View My Office homes for sale at  http://companylistings.drshortsale.mfr.fusionmls.com/

Vaughn Rice specializes in assistance with short sales in Tamp Bay Area of Florida

Vaughn Rice, Quicksilver Real Estate Group is not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. I can offer you loan modification information.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Vaughn’s personal views and do not reflect the views of Quicksilver Real Estate Group.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *
http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area. E-mail:  c.mrvaughn@gmail.com or visit athttp://www.isellyourfloridahome.com/
Phone: 813-679-3477   Click Here *Image
This information on, Short Sales: Don’t Sweat It If The First Buyer Gets Impatient And Cancels Their Offer. Is provided as a courtesy to our viewers to help them make informed decisions.

What Is A HUD-1 And Why Does It Matter On A Short Sale?

What Is A HUD-1 And Why Does It Matter On A Short Sale?

Avoid ForeclosureStop your Foreclosure. With A Short Sale

Click here * http://instantbizsites.com/VaughnRice/stop-foreclosure

 Here is something that drives inexperienced short sale agents crazy. It is a HUD-1, also called a HUD. HUD is the Federal Agency, the Department of Housing &amp; Urban Development, also called HUD.

A HUD-1 is a document regulated by HUD. It is the financial accounting for a real estate sale. Here is why it is important to a short sale.

Before a short sale lender will accept a short sale, they want to know what they will net from the sale. A HUD-1 breaks down all the projected closing costs so the lender can see their net.

Most agents are familiar with a HUD-1. They see them at the closing of every home they sell. But, seeing a HUD-1 at a closing is not the same as the familiarity you learn handling short sales.

See, if you mess up on that HUD-1, then it puts the short sale transaction in jeopardy. The short sale lender will look at a projected HUD-1 and agree to accept a certain number.

If unexpected costs get added to the HUD-1, then that net goes down. (There are always unexpected costs on a short sale. I can tell you from personal experience.)

Now, the agent has to go back and re-negotiate with the short sale lender. That can drag out the process another 60-90 days.

The buyer will usually get frustrated and cancel the contract. Then, the agent has to re-sell the house and start the process all over again.

This is what causes many agents to hate short sales. They didn’t take the HUD-1 seriously and had problems on a short sale. As a result, they think all short sales are impossible.

To truly be successful at short sales, the agent must understand HUD-1s inside and out.

They need to make sure that every single projected expense is added to the HUD-1 at the beginning of the negotiations. Adding them after you have negotiated isn’t going to work. Thinking about a short sale?

Find out how much your home is worth.
Free House Value   Click here*     http://instantbizsites.com/VaughnRice/house-value

ImageShort sales can drag out giving you time. It takes maybe sometimes a month to sell the house. Then, the short sale negotiations start. They can drag out for 3-6 months. So instead of foreclosure here is what you should do.

Here is a tactic you can use to delay the foreclosure process and even stop a foreclosure sale. Stop Your Foreclosure With A Short Sale  Click here *http://instantbizsites.com/VaughnRice/stop-foreclosure

 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *http://www.isellyourfloridahome.com/#!contact/c15n8

Thinking about a short sale? I can help you short sale your property and get back on your feet.Send me an e-mail atc.mrvaughn@gmail.com

I will contact you for a free consultation. Click Here *Image

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 813-679-3477 or visit at http://www.isellyourfloridahome.com/

ImageDiscover how other sellers successfully completed a short sale and request a free consultation by clicking here *http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area.

Thanks for reading this, Vaughn Rice.

Vaughn is a Real Estate Agent at Quicksilver Real Estate Group.
E-mail:  c.mrvaughn@gmail.com or visit athttp://www.isellyourfloridahome.com/
Phone: 813-679-3477. Click Here*Image

One You Can Trust To Serve You

View My Office homes for sale at  http://companylistings.drshortsale.mfr.fusionmls.com/

Vaughn Rice specializes in assistance with short sales in Tamp Bay Area of Florida

Vaughn Rice, Quicksilver Real Estate Group is not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. I can offer you loan modification information.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Vaughn’s personal views and do not reflect the views of Quicksilver Real Estate Group.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here *
http://www.isellyourfloridahome.com/#!contact/c15n8

Helping you sell & buy homes in Tampa, Brandon, Riverview, and Valrico. . The Tampa bay area. E-mail:  c.mrvaughn@gmail.com or visit athttp://www.isellyourfloridahome.com/
Phone: 813-679-3477   Click Here *Image
This information on, What Is A HUD-1 And Why Does It Matter On A Short Sale?Is provided as a courtesy to our viewers to help them make informed decisions.