There are numerous reasons not to do a loan modification. Our stats show that only 1.8% of loan modifications are reducing the principle balance which is the main problem for most homeowners right now. Our stats show that 31% of all loan mods actually result in an increase in payments. Some people are reporting to [...]
We have real estate agents to handle the short sales on your home you need to sell. We will handle all of the paperwork, negotaitions with the bank, and signed documents to get into the bank with financials. We will handle the BPO-Broker’s Price Opinion. We have agents available to get your property listed on [...]
We are talking to many homeowners these days who have ARM’s that are coming due, or about to expire. Most of the ARM’s are going to expire over the next few years into 2013. The most common of these ARM’s are the Alt-A, Prime, and Option ARM loans. These are the good credit score borrowers [...]
Before we start the timeline I’d like to let you know that you can do a short sale these days being zero payments behind. The process starts when you become 30 days late. At this point the lender will often call you from their collections department. After being 60+ days late and missing 2 payments [...]
A Real Estate Short Sale is defined as: Lender’s agreement to accept less than what is owed (i.e. short payoff of what’s owing), as an alternative to a foreclosure.
Many homeowners today owe more on their house than what it’s worth. Homeowners are upside down (underwater on their house). In recent years lenders are finally starting to accept [...]
This video explains the technology, training and systems in place along with the experience Short Sale Assistance Group has in place to help agents get more short sales done. How they operate with there system is discussed in this video, and traditional vs. the way that SSAG group does the short sale process in their [...]
This video discusses the Minnesota Short Sale Timeline and how it affects you. He discusses when you first get behind on a payment, to the continued calls, the letters, and the sheriff sale. He discusses the redemption period. He has helped 100’s of homeowners in the twin cities. Short Sale Assistance Group [...]
Two-thirds of home sales are either foreclosures or banks taking a loss on the mortgage. This is an amazing statistic right now. Of the remaining 36%, only 10% are as a result of something we could call a normal selling process. And that is nationwide. Look at the chart below from Rick Sharga at RealtyTrac. [...]
Short Sale Assistance Group discusses if you will qualify for a short sale. A short sale is when the bank is willing to take less than what’s owed on the property. The bank will want to review your financial situation to see if they need to help you out with a short sale. [...]
The 4 questions are discussed about foreclosure. What is discussed is pre-foreclosure, sheriff sale, redemption period, and your credit. A good point he makes, is that the damage is already done with your credit score once you miss payments. They can discuss your options with you. He discusses how you want [...]
