We hear the stories from homeowners and those in the loan mod business, it’s not easy. Many loan mods simple don’t get approved, it’s a lot of work for nothing. Many loan mods end up defaulting again or end up with a higher payment. Loan mods almost never do principle reduction, so how are they
really benefiting home owners? We prefer you sell on a short sale.
Please give us a call if choose you want to do a short sale, or more info.
Most people’s homes are simply over leveraged, and they will be for a very long time. Because of this many homeowners often find it difficult to make future financial decisions as they feel they have their hands tied with an ARM or too high of a mortgage payment. It’s also stopped them from moving on with their lives and selling their house. Your house at this point is just an anchor holding you back in life. If you would like to move on, and sell please call us.
Does a certain loan have you feeling alone?
There is no need to feel that way, we are here to offer you help.
We have heard of almost every scenario when it comes to homeowners financial situations, so please feel open and comfortable sharing your personal story. We’ll help determine what’s best for you based on your situation and we can discuss the benefits that a short sale may have for you and your housing situation.
What are you giving up, all for
a low interest rate?
3rd party loan mod negotiators want $3500 upfront, your private info,
months of your time, you to be stuck with an over-financed house, may be ok with you possibly paying a huge IRS 1099 tax bill, if you wait and sell after 2012 while owing too much.
All for a temporary low interest rate, is it worth it?
If you haven’t seen our latest headlines of why you should sell by 2012, please see the below info. The Mortgage Forgiveness Debt Relief Act and Debt Cancellation currently is set to end in 2012. The IRS is looking to help homeowners who sell for a loss from what they owe. Instead of getting a 1099 and taxed the difference they created this law. This law is currently set to end in 2012. Please consult your CPA and review it for your own situation. We believe strongly this is a very good reason to sell on a short sale vs. holding onto the property for a loan modification. Please give us a call and let us discuss this with you, it’s very likely that your bank won’t tell you about it.
We realize homeowners lost $74,850 in equity since 2006, as seen here. http://mnhouse.notlong.com. We also realize their are now many reasons to sell your house as the market is not expected to go up anytime soon. We are a short sale company that negotiates short sales In Minnesota for many agents. We are the preferred choice, please contact us today to see how we can help you with your housing situation. There are still great answers even in this economy.
http://www.wecallyourbank.com/100reasons.pdf
Agents should give us a call to outsource your short sales. Most agents negotiate short sales just to make a listing commission and they spend hours and hours with paperwork and dealing with banks. Many agents never solve the 2nd lien problem of the 2nd owing too much to close. Agents will often just release the 2nd lien on the property just to close the transaction. Meanwhile it’s very possible the 2nd lender could come back after the seller for a deficiency years later, as well as wage garnishment we have research to show this.
We are a 3rd party short sale negotiator. We can let agents get paid their commission, plus we take over the negotiation with the bank, and we get paid by the bank for all of this. Also we figure out how to get a satisfaction with the lender on the 2nd through a unique method of bringing enough money to the table. This will more likely release the agent and sellers of future liabilities. This is highly recommended. We will make you more efficient which will save you a lot of time, which will make you more money and be best for your client. You should come to our office and meet with us to discuss the possibilities, we have a great system in place for negotiating.
Most realize that the housing market in Minnesota went up a lot from about 2002 to 2006. Reports show from June 2006 through 2009, the Minnesota housing market went down $74,850. This put many home owners under water and over-financed. After homeowners realize they are under water they realize the market is very low and their loan could take years to pay off. This is the point in which they consider a short sale vs. a loan modification. Many want to hang on with a loan modification, but even when it’s time to sell later on, the sellers will find themselves over-financed. The important date that comes into play is the year ending in 2012 when an important tax law ends with the IRS. This is why it’s important to sell before 2012 because the IRS has favorable tax incentives instead of a 1099, if you qualify. Please consult a CPA. Many realize that it would take years for the market to go up that $74,850 that has been lost for most in equity since June of 2006, so please give us a call to understand the full picture.
Sometimes it feels as if you are playing tug-o-war with your bank. All of the calls, emails, faxes, paperwork and still no answers. You have tried for months to work with them. You may be facing a hardship. You may have lost a job. Why are the banks being so difficult you are wondering. It helps to have someone call them that does this full time and for years. We know the name of the people to call and in which department to call. Many times loan modifications end up with higher payments or defaulting, so we always recommend you give us a call to analyze your situation, and to see how we may assist you with your home situation.
If you spend any time reading the website www.patrick.net, you know that the housing market is only getting worse, and that we will likely see a wave of foreclosures for 3-10 more years at a very high rate. This is due to a number of circumstances. This includes ARM’s adjusting, FHA being considered the new subprime with high default rates, and than also the baby boom demographic shift flooding our housing market with inventory over the next 10-15 years. There is an important IRS tax law ending in 2012, so it’s recommended that you sell before 2012. Also you should sell sooner than later since you don’t want to compete with all of the other foreclosures.
