This video discusses how real estate agents can work in the twin cities with Ascendant Realty, LLC and Metro Property Buyers, and get paid commissions. You can plug-in to our system, we have been doing this for many years now, with a high volume of short sales. 85% of the time they are [...]
Short Sale Assistance Group discusses how many people will not qualify for a loan modification. You must have a Fannie Mae or Freddie Mac loan. If you are unemployed you won’t qualify he states. If it’s a rental property, or you have a high debt to income ratio. More than 110% [...]
Todd answers some common questions about foreclosure. Todd has been in the financial business over 20+ years. He gives an overview of each process from deed in lieu, bankruptcy, loan modification, etc. Whenever possible you don’t want a bank foreclose if you can help it. He explains how it could take 5-7 years to be [...]
Todd talks about how 14.7% of all loan modifications are working out. If you make too much money you may not be approved for a loan modification and be turned down. If they can see that a little bit of a lower interest rate still doesn’t fix your problem, you will likely be turned [...]
In this video Todd talks about Credit Counseling. He talks about common myths and truths about credit counseling. He talks about 90% failure rate on credit counseling. He talks about missing a payment into the payment plan, and how all of the internet and penalties accrue forward putting you in a worse spot [...]
Todd Rooker tells you that a lot of the information on the internet about deed in lieu on the internet are probably out dated. It would be based on an older market when real estate was different. He explains that people aren’t getting away scott free with no deficiency these days, the market is [...]
This video is about bankruptcy, and the implications related to it. This video is about moving forward afterwards. He talks about Chapter 7 and Chapter 13 bankruptcy. He tells you a little about credit counseling and how it affects your credit report. He tells you how bankruptcy sometimes is the best [...]
Tom discusses how you can use a short sale to avoid foreclosure. He discusses how a short sale is the bank taking less than what’s owed on the mortgage. He talks about how a foreclosure can hurt you for up to 7 years, that’s why a short sale at only 2 years is a better [...]
This video is with Todd Rooker and debt settlement. Getting your creditors to agree to less than what’s owed. He recommends that you don’t do this on your own. He talks about what your leverage is, and why would they negotiate with you. He talks about how just making that one payment can allow them [...]
http://www.bloomberg.com/apps/news?pid=20601103&sid=a7kYntqozaKo
“Bank of America Corp. and Wells Fargo & Co. were the worst performers among the biggest U.S. banks in modifying loans for struggling homeowners, according to a Treasury Department report.”
It appears the large banks aren’t prepared to handle all of these loan modification requests, so many aren’t getting done.
“Many banks don’t yet have the capacity to [...]
