Stop Foreclosure Institute of Cape Coral Assisting Homeowners in Distress

Cape Coral Short Sale Help: Having Financial Problems? Tell Debt Collectors To “Get Lost”

May 18, 2012
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Cape Coral FL – Most of the short sale sellers that we help are selling this home because of financial problems. They can’t afford the payments and sell their home to avoid foreclosure.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Because of this I am very familiar with helping my customers who have financial problems. Many of them are struggling to buy groceries, keep the power turned on, and pay for gas to get to work.

They are struggling to pay for the necessities just to survive and feed their family. In most cases they have missed payments on credit cards.

The credit card companies think that you should pay them before you buy groceries. If you are in this situation, then do not give a dime of your money to any credit card company.

A credit card is an unsecured debt. They don’t have any collateral to get their money back with. They can’t come get your car or take your house.

Because of that they cram hundreds of people into cubicles and “sic em” on people in financial difficulty. They make hundreds of calls each day. They lie and threaten people to scare them into paying.

If you are having financial problems, then just take a break from these people. Get them off the phone as quickly as possible. Hang up if the conversation has gone longer than 30 seconds.

Don’t believe any threats to sue you. I estimate that 90% of the threats to sue are never carried out. Even if they do sue and get a judgment they can only garnish 25% of your wages.

I estimate that 95% of all unpaid credit cards will never result in a wage garnishment. Now, I’m not saying you shouldn’t pay them.

But, get your life back on track before you do. Get all of the necessities paid for first. Every other payment should be caught up on before you pay them a dime.

You should have an emergency fund of $1,000 or more before you pay them. Your kids, healthcare for the entire family, and all other necessary expenses should be taken care of.

If your car is having problems and needs to be replaced, then buy a new car. Once you have everything in order financially, then you can start working with the past due credit cards.

But, don’t just pay them off in full. Most of them will accept a 10-20% of the original balance. Pay them what you think is fair. When paying them off never send them a check or give them your debit card info.

Some of their contracts have clauses that allow them to charge you more than you had agreed on the phone. Get everything signed and in writing.

Then mail them an untraceable payment method like a money order. That way they can’t take every dime out of your bank account. 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 dbishop@embarqmail.com. I will contact you for a free consultation.

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 (239) 560-3149

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Cape Coral loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Donna Bishop.

Donna is a Real Estate Agent at Jones & Co. Realty.
Former Owner/Broker of A & B Mortgage Brokers of Florida.
Cape Coral Short Sales Realtor:
Fort Myers Short Sales Realtor:
Lehigh Acres Short Sales Realtor:
Lee County Florida Realtor:
SW Florida Realtor;

Phone: (239) 560-3149. dbishop@embarqmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. also my other site; www.DonnaBishopRealtor.com.

Donna Bishop specializes in loan modification assistance and short sales in Cape Coral Florida. Cape Coral Loan Modification Help. Cape Coral Loan Modification Help. Cape Coral Short Sales Cape Coral FL Short Sale Cape Coral Short Sale Realtor Cape Coral FL Short Sales. Cape Coral Realtor. Fort Myers Loan Modification Help. Fort Myers Florida. Fort Myers, Fl. short sales, Fort Myers Short Sales Realtor. Lehigh Acres Loan Modification help. Lehigh Acres Florida. Lehigh Acres Short Sales Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Donna Bishop, Jones & Co. Realty, and the Stop Foreclosure Institute are 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. We do offer a loan modification kit.

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 Donna’s personal views and do not reflect the views of Jones & Co. Realty.

This information on Cape Coral Short Sale Help: Having Financial Problems? Tell Debt Collectors To “Get Lost” is provided as a courtesy to our viewers to help them make informed decisions.

Here’s Proof That Your Bank Actually Wants You To Short Sale Your Cape Coral Home

May 17, 2012
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Cape Coral FL – A recent article in the Tampa Bay Times shows how much lenders prefer short sales to a foreclosure. It discussed how Bank of America recently came out with new short sale incentives.

Bank of America is willing to pay borrowers up to $30,000 for moving expenses to short sale their house. I doubt that many homeowners will receive $30,000. Most will receive the lower amount of $2,500.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

But that is still better than repaying your lender thousands of dollars for their loss. As you can see, banks like short sales. But, why is that?

It comes down to one simple thing: money. The banks have foreclosed on thousands of properties. They have also assisted with thousands of short sales.

Over time they realized that selling a property as a short sale usually nets them more money. Here is an example. We had a home for sale as a short sale. A buyer offered to buy the home for $275,000.

The bank reviewed the offer and turned it down. They thought the house was worth more than that. We tried and tried to convince them to accept the offer. But, they wouldn’t accept it.

So we put the property back on the market. The market continued to decline. We submitted all of the new offers to the lender. However, they continued to turn them down.

Finally 18 months later they accepted an offer. But, this time the house was selling for $235,000. I’m sure that shocks you. What! That lender just lost $40,000! Wouldn’t someone be angry?

No. No one is angry. That’s crazy, isn’t it? But, it’s just part of life for these lenders. They have to make decisions every day. They are used to losing money on foreclosures and short sales.

They have seen this story before on many other homes. Overall they know that short sale will net them more money than a foreclosure. As a result they prefer short sales over a foreclosure. 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 dbishop@embarqmail.com. I will contact you for a free consultation.

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 (239) 560-3149

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Cape Coral loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Donna Bishop.

Donna is a Real Estate Agent at Jones & Co. Realty.
Former Owner/Broker of A & B Mortgage Brokers of Florida.
Cape Coral Short Sales Realtor:
Fort Myers Short Sales Realtor:
Lehigh Acres Short Sales Realtor:
Lee County Florida Realtor:
SW Florida Realtor:

Phone: (239) 560-3149. dbishop@embarqmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. also my other site; www.DonnaBishopRealtor.com.

Donna Bishop specializes in loan modification assistance and short sales in Cape Coral Florida. Cape Coral Loan Modification Help. Cape Coral Loan Modification Help. Cape Coral Short Sales Cape Coral FL Short Sale Cape Coral Short Sale Realtor Cape Coral FL Short Sales. Cape Coral Realtor. Fort Myers Loan Modification Help. Fort Myers Florida. Fort Myers, Fl. Short Sales. Fort Myers Short Sales Realtor. Lehigh Acres Loan Modification Help. Lehigh Acres Florida. Lehigh Acres short sales. Lehigh Acres Short Sales Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Donna Bishop, Jones & Co. Realty, and the Stop Foreclosure Institute are 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. We do offer a loan modification kit.

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 Donna’s personal views and do not reflect the views of Jones & Co. Realty.

This information on Here’s Proof That Your Bank Actually Wants You To Short Sale Your Cape Coral Home is provided as a courtesy to our viewers to help them make informed decisions.

Will I Have My Wages Garnished After A Cape Coral Short Sale?

May 16, 2012
Comments 0

Cape Coral FL – Many people are concerned about a deficiency after a short sale. They are afraid that their bank may garnish all of their wages.

It’s scary to think that at any moment your bank could grab every dime you make and leave you broke. Most people short sell their house because of financial problems.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

They can’t afford to lose a month’s worth of salary. But, here is the good news. There is a maximum amount that anyone can garnish. According to Department of Labor’s Website, anyone garnishing your wages can take a maximum of 25% of whatever you earn.

Sure, it’s not fun to have 25% of your earnings taken. But, 25% is much less than the 100% that most people think they will take.

So, even if you do get a deficiency on your short sale, it is not the end of the world. They cannot take all of your money and ruin your life.

Before your lender can garnish your wages they usually have to go to court and get a judgment against you. That takes time and costs money. A lawsuit can cost them a thousand dollars or more.

The high costs causes lenders to think twice before sueing most homeowners. Even better news is the fact that there are a lot of loopholes. For example, in Florida the head of household is exempt from garnishment.

Most garnishments have to be approved by a judge. If you can show the judge that you have kids to take care of, then they may deny the garnishment.

Or, you can show the judge that a garnishment would cause you serious financial hardship where you couldn’t afford gas to drive to work.

The bottom line is that so few homeowners who short sell their house will ever be pursued with a garnishment.

We have helped hundreds of homeowners with a short sale and haven’t met anyone whose wages were garnished after the short sale. 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 dbishop@embarqmail.com. I will contact you for a free consultation.

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 (239) 560-3149

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Cape Coral loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Donna Bishop.

Donna is a Real Estate Agent at Jones & Co. Realty.
Former Owner/Broker of A & B Mortgage Brokers of Florida.
Cape Coral Short Sales Realtor:
Fort Myers Short Sales Realtor:
Lehigh Acres Short Sales Realtor:
Lee County Florida Realtor:
SW Florida Realtor:

Phone: (239) 560-3149. dbishop@embarqmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. also my other site; www.DonnaBishopRealtor.com.

Donna Bishop specializes in loan modification assistance and short sales in Cape Coral Florida. Cape Coral Loan Modification Help. Cape Coral Loan Modification Help. Cape Coral Short Sales Cape Coral FL Short Sale Cape Coral Short Sale Realtor Cape Coral FL Short Sales. Cape Coral Realtor. Fort Myers Loan Modification Help. Fort Myers Florida. Fort Myers, Fl. short sales. Fort Myers Short Sales Realtor. Lehigh Acres Loan Modification Help. Lehigh Acres Florida. Lehigh Acres Short Sales Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Donna Bishop, Jones & Co. Realty, and the Stop Foreclosure Institute are 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. We do offer a loan modification kit.

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 Donna’s personal views and do not reflect the views of Jones & Co. Realty.

This information on Will I Have My Wages Garnished After A Cape Coral Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.

Buying A Cape Coral Short Sales? Make Sure You Have This Person Helping You

May 14, 2012
Comments 0

Cape Coral FL – Thinking of buying a Gainesville Short Sale? The short sale process is difficult to navigate. The first thing you should do it make sure that the agent who has the house for sale knows what they are doing.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

That person, also known as the “listing agent”, is responsible for negotiations with the short sale lender. They may negotiate the short sale themselves or have a third party do it.

Either way they will be in control of most of the process. The bottom line is that if they do not know what they are doing, then the short sale will be delayed.

You may find yourself waiting 3-4 months for the short sale for the short sale to be approved. Then, after waiting and hoping that you can buy your dream home, you will find out that the short sale lender won’t approve your offer.

“We are so sorry. We worked so hard to convince them to accept it, but they still turned it down”, the agent may tell you. Wouldn’t that be heart breaking?

Unfortunately some agents just do not understand the short sale process. They are too busy with other things and never have a chance to give the short sale negotiations the property attention.

Or, the short sale negotiator they hire may be too busy to give your short sale file the attention it deserves. This is why it is important to find an agent that understands the process backwards and forward.

They will give the file the proper attention or find someone who can. They will know how to overcome any problems and roadblocks that arise.

And at the end of the day you will be able to buy your dream home. 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 dbishop@embarqmail.com. I will contact you for a free consultation.

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 (239) 560-3149

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Cape Coral loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Donna Bishop.

Donna is a Real Estate Agent at Jones & Co. Realty.
Former Owner/Broker of A & B Mortgage Brokers of Florida.
Cape Coral Short Sales Realtor:
Fort Myers Short Sales Realtor:
Lehigh Acres Short Sales Realtor:
Lee County Florida Realtor:
SW Florida Realtor:

Phone: (239) 560-3149. dbishop@embarqmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. also my other site; www.DonnaBishopRealtor.com.

Donna Bishop specializes in loan modification assistance and short sales in Cape Coral Florida. Cape Coral Loan Modification Help. Cape Coral Loan Modification Help. Cape Coral Short Sales Cape Coral FL Short Sale Cape Coral Short Sale Realtor Cape Coral FL Short Sales. Cape Coral Realtor. Fort Myers Loan Modification Help. Fort Myers Florida. Fort Myers, Fl. short sales. Fort Myers Short Sale Realtor. Lehigh Acres Loan Modification Help. Lehigh Acres Florida. Lehigh Acres Short Sales Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Donna Bishop, Jones & Co. Realty, and the Stop Foreclosure Institute are 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. We do offer a loan modification kit.

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 Donna’s personal views and do not reflect the views of Jones & Co. Realty.

This information on Buying A Cape Coral Short Sales? Make Sure You Have This Person Helping You is provided as a courtesy to our viewers to help them make informed decision.

Cape Coral Short Sale Myth: The Mortgage Forgiveness Law Means That Everyone Gets To Short Sale With No Deficiency

May 11, 2012
Comments 0

Cape Coral FL – I recently heard another so-called short sale expert say that the Federal Mortgage Forgiveness Debt Relief Act made it so that everyone gets to short sale with no deficiency

The unfortunate news is that this is not true. In some state, state law forbids the lenders from attempting to collect from the homeowner after a foreclosure or short sale. But, those states are the exception, not the rule.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here is what the Federal Mortgage Forgiveness Debt Relief Act does. It enables a homeowner to walk away from an upside down debt without owing taxes on the loss.

See, in the past a homeowner that was released from an upside down debt would owe income taxes on the forgiven debt. It is called “Forgiveness of Debt Income.”

This short sale expert said the following: “I read the Mortgage Debt Forgiveness Act and it states that anyone who short sells their house will be released from the debt.”

It is sad that someone who considers themselves a short sale expert would be so misinformed. So make sure you check out everything before you start the short sale process.

The good news is that in most cases a homeowner can short sale and walk away from the debt. But, it doesn’t happen every time. 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 dbishop@embarqmail.com. I will contact you for a free consultation.

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 (239) 560-3149

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Cape Coral loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Donna Bishop.

Donna is a Real Estate Agent at Jones & Co. Realty.
Former Owner/Broker of A & B Mortgage Brokers of Florida. Cape Coral Short Sales Realtor:
Fort Myers Short Sales Realtor:
Lehigh Acres Short Sales Realtor:
Lee County Florida Realtor:
SW Florida Realtor:

Phone: (239) 560-3149. dbishop@embarqmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com”. also my other site; www.DonnaBishopRealtor.com.

Donna Bishop specializes in loan modification assistance and short sales in Cape Coral Florida. Cape Coral Loan Modification Help. Cape Coral Loan Modification Help. Cape Coral Short Sales Cape Coral FL Short Sale Cape Coral Short Sale Realtor Cape Coral FL Short Sales. Cape Coral Realtor. Fort Myers Loan Modification Help. Fort Myers Florida. Fort Myers, Fl. short sales. Fort Myers Short Sales Realtor. Lehigh Acres Loan Modification Help. Lehigh Acres Florida.
Lehigh Acres Short Sales Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Donna Bishop, Jones & Co. Realty, and the Stop Foreclosure Institute are 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. We do offer a loan modification kit.

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 Donna’s personal views and do not reflect the views of Sand Castle Realty Group Inc.

This information on Cape Coral Short Sale Myth: The Mortgage Forgiveness Law Means That Everyone Gets To Short Sale With No Deficiency is provided as a courtesy to our viewers to help them make informed decisions.

Don’t Accept A Promissory Note When You Short Sale Your Cape Coral Home

May 9, 2012
Comments 0

Cape Coral FL – Many lenders ask for a promissory note on short sales. This is especially true if the lender has Private Mortgage Insurance (also called PMI) that has to approve the short sale.

The PMI companies know that homeowners will do anything to protect their credit when they are short selling their home.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

To avoid a promissory note you must convince the negotiator at the PMI Company that you have not assets and no disposable income that can be used to pay them.

I ask to speak directly with the PMI negotiator. Don’t let your lender tell you that you are not allowed to talk to them. Don’t take no for an answer. If necessary, ask to speak with a supervisor at the lender.

The PMI companies know that if the home is foreclosed, then they will lose even more money when the home is sold after foreclosure. Keep this in mind.

Tell the employee that you will hold them accountable if the home is foreclosed and sells for less money after foreclosure.

We have seen a lot of lenders and PMI Companies turn down short sales, only to see the property sell for much less after it is foreclosed upon.

If you stick to your guns they will release the debt and allow you to walk away without a promissory note. 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 dbishop@embarqmail.com. I will contact you for a free consultation.

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 (239) 560-3149

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Cape Coral loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Donna Bishop.

Donna is a Real Estate Agent at Jones & Co. Realty.
Former Owner/Broker of A & B Mortgage Brokers of Florida.
Cape Coral Short Sales Realtor:
Fort Myers Short Sales Realtor:
Lehigh Acres Short Sales Realtor:
Lee County Florida Realtor:
SW Florida Realtor:

Phone: (239) 560-3149. dbishop@embarqmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. also my other site; www.DonnaBishopRealtor.com.

Donna Bishop specializes in loan modification assistance and short sales in Cape Coral Florida. Cape Coral Loan Modification Help. Cape Coral Loan Modification Help. Cape Coral Short Sales Cape Coral FL Short Sale Cape Coral Short Sale Realtor Cape Coral FL Short Sales. Cape Coral Realtor. Fort Myers Loan Modification Help. Fort Myers Florida. Fort Myers, Fl. short sales. Fort Myers Short Sales Realtor. Lehigh Acres Loan Modification Help. Lehigh Acres Florida. Lehigh Acres Short Sales Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Donna Bishop, Jones & Co. Realty, and the Stop Foreclosure Institute are 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. We do offer a loan modification kit.

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 Donna’s personal views and do not reflect the views of Jones & Co. Realty.

This information on Don’t Accept A Promissory Note When You Short Sale Your Cape Coral Home is provided as a courtesy to our viewers to help them make informed decisions.

Will I Owe A Deficiency On A Cape Coral Short Sale If I Have A USDA Loan?

May 7, 2012
Comments 0

Cape Coral FL – Another common type of loan that does not usually have a deficiency is a USDA loan. The USDA loan program was created to make it easier for people that lived in rural areas to buy their own home.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

USDA stipulates that you must be at least 30 days behind on your payments before they will start the short sale process. This is different from most other loan programs.

I haven’t heard of another loan program where they specifically stipulate that you must be behind on the payments before they will consider a short sale.

The good news is that their short sale guidelines state that you won’t have a deficiency after completion of a short sale. Here is the text from their short sale guidelines:

” A borrower who successfully sells the property securing the loan using the Pre-Foreclosure Sale Option is relieved of the mortgage obligation. The borrower shall not be pursued for deficiency judgments by either the Servicer or the Agency.”

This is good news for anyone that has an USDA and wants to get out from under their upside down mortgage. 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 dbishop@embarqmail.com. I will contact you for a free consultation.

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 (239) 560-3149

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Cape Coral loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Donna Bishop.

Donna is a Real Estate Agent at Jones & Co. Realty.
Former Owner/Broker of A & B Mortgage Brokers of Florida.
Cape Coral Short Sales Realtor:
Fort Myers Short Sales Realtor:
Lehigh Acres Short Sales Realtor:
Lee County Florida Realtor:
SW Florida Realtor:

Phone: (239) 560-3149. dbishop@embarqmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. and my other site; www.DonnaBishopRealtor.com.

Donna Bishop specializes in loan modification assistance and short sales in Cape Coral Florida. Cape Coral Loan Modification Help. Cape Coral Loan Modification Help. Cape Coral Short Sales Cape Coral FL Short Sale Cape Coral Short Sale Realtor Cape Coral FL Short Sales. Cape Coral Realtor. Fort Myers Loan Modification Help. Fort Myers Florida. Fort Myers, Fl. short sales. Fort Myers Short Sales Realtor. Lehigh Acres Loan Modification Help. Lehigh Acres Florida. Lehigh Acres Short Sales Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Donna Bishop, Jones & Co. Realty, and the Stop Foreclosure Institute are 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. We do offer a loan modification kit.

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 Donna’s personal views and do not reflect the views of Jones & Co. Realty.

This information on Will I Owe A Deficiency On A Cape Coral Short Sale If I Have A USDA Loan? is provided as a courtesy to our viewers to help them make informed decisions.

Will I Owe A Deficiency On A Cape Coral Short Sale If I Have A VA Loan?

May 4, 2012
Comments 0

Cape Coral FL – Another common type of loan that does not usually have a deficiency is a VA loan.

But, how do you determine whether or not you have an VA loan?

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

On your original mortgage, 1-4 pages past the signature page will be a VA Rider. At the top it will say “NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS.”

That is a VA loan. The picture above is from a VA mortgage. The page for the VA mortgage was 2 pages below the original signature page of the mortgage.

The pages between this and the signature page had the notary’s signature and the legal description. You can get a copy of your mortgage from the public records in your county.

Most realtors will know how to look up this information. If not, then they will know a title company that can do the research for you.

A VA Short Sale is called a “Compromise Sale.” According to those guidelines, they will give a complete release if a seller participates in the short sale program, and there was no “fraud, misrepresentation, or bad faith” on the part of the homeowner.

The bad news is that you will not be eligible for another VA loan until you repay the VA for their loss. So you may not be able to get a VA loan in the future. 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 dbishop@embarqmail.com. I will contact you for a free consultation.

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 (239) 560-3149

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Cape Coral loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Donna Bishop.

Donna is a Real Estate Agent at Jones & Co. Realty.
Former Owner/Broker of A & B Mortgage Brokers of Florida.
Cape Coral Short Sales Realtor:
Fort Myers Short Sales Realtor:
Lehigh Acres Short Sales Realtor:
Lee County Florida Realtor:
SW Florida Realtor:

Phone: (239) 560-3149. dbishop@embarqmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. or view my other site; www.DonnaBishopRealtor.com.

Donna Bishop specializes in loan modification assistance and short sales in Cape Coral Florida. Cape Coral Loan Modification Help. Cape Coral Loan Modification Help. Cape Coral Short Sales Cape Coral FL Short Sale Cape Coral Short Sale Realtor Cape Coral FL Short Sales. Cape Coral Realtor. Fort Myers Loan Modification Help. Fort Myers Florida. Fort Myers, Fl. short sales. Fort Myers Short Sales Realtor. Lehigh Acres Loan Modification Help. Lehigh Acres Florida. Lehigh Acres Short Sales Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Donna Bishop, Jones & Co. Realty, and the Stop Foreclosure Institute are 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. We do offer a loan modification kit.

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 Donna’s personal views and do not reflect the views of Jones & Co. Realty.

This information on Will I Owe A Deficiency On A Cape Coral Short Sale If I Have A VA Loan? is provided as a courtesy to our viewers to help them make informed decisions.

Will I Owe A Deficiency On A Cape Coral Short Sale If I Have An FHA Loan?

May 3, 2012
Comments 0

Cape Coral FL – The next most common type of loan that does not usually have a deficiency is an FHA loan.

But, how do you determine whether or not you have an FHA loan?

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here is the best way that I have found to do this. Look up your mortgage on the public records in your county. You can usually access the public records online.

Just Google, “County, State Public Records.” For example, if we Google “Cook County Illinois Public Records”, then you will get the clerk of court’s website on the second link.

Most realtors will know how to look up this information. If not, then they will know a title company that can do the research for you. Once you access the public records you will want to pull up your mortgage.

If you have an FHA loan, then on the first page of the mortgage, there should be a small square and inside the square, it will say “FHA Case Number 091-4242640-703.”

FHA’s Short Sale Guidelines are covered in a letter they end out to all the lenders that are handling their loan. Whenever they make a change to the guidelines, they send out a Mortgagee Letter.

They issued a new Mortgagee Letter at the beginning of the financial crisis that made a lot of changes to how they handle short sales. That letter was called “Mortgagee Letter 2008-43.”

You can Google that if you want to look at a copy yourself. On page 5 of Mortgage Letter 2008-43, it specifically states that if you short sale or attempt to short sale, then you will be released from the debt.

Here is an excerpt from the letter:

Mortgagors, acting in good faith, who successfully sell their properties using this option are relieved of their mortgage obligation and are entitled to a consideration of $750. If the closing occurs within 3 months of the approval to participate, the mortgagor will be entitled to $1,000. Unless the mortgagor’s consideration is required to release junior liens, the mortgagor may elect to accept cash paid at closing. The mortgagor may also apply a portion of or the entire amount of consideration to offset sales costs not paid by HUD; including a home warranty plan fee, costs of optional repairs, and buyer’s closing expenses. If the PFS is unsuccessful and foreclosure occurs, mortgagors who participate in the PFS Program in good faith will not be pursued for deficiency judgments by the mortgagee or HUD.”

The main requirement to being allowed to participate in the program is that the property cannot be an investment property and that the homeowner has to have a genuine hardship.

Looks like a good way to wipe out some upside down mortgage debt. 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 dbishop@embarqmail.com. I will contact you for a free consultation.

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 (239) 560-3149

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Cape Coral loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Donna Bishop.

Donna is a Real Estate Agent at Jones & Co. Realty.
Former Owner/Broker of A & B Mortgage Brokers of Florida.
Cape Coral Short Sales Realtor:
Fort Myers Short Sales Realtor:
Lehigh Acres Short Sales Realtor:
Lee County Florida Realtor:
SW Florida Realtor:

Phone: (239) 560-3149. dbishop@embarqmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. also my other site; www.DonnaBishopRealtor.com.

Donna Bishop specializes in loan modification assistance and short sales in Cape Coral Florida. Cape Coral Loan Modification Help. Cape Coral Loan Modification Help. Cape Coral Short Sales Cape Coral FL Short Sale Cape Coral Short Sale Realtor Cape Coral FL Short Sales. Cape Coral Realtor. Fort Myers Loan Modification Help. Fort Myers Florida. Fort Myers, Fl. short sales. Fort Myers Short Sales Realtor. Lehigh Acres Loan Modification Help. Lehigh Acres Florida. Lehigh Acres Short Sales REaltor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Donna Bishop, Jones & Co. Realty, and the Stop Foreclosure Institute are 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. We do offer a loan modification kit.

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 Donna’s personal views and do not reflect the views of Jones & Co. Realty.

This information on Will I Owe A Deficiency On A Cape Coral Short Sale If I Have An FHA Loan? is provided as a courtesy to our viewers to help them make informed decisions.

A Common Cape Coral Short Sales: The Most Common Types Of Loan That Do Not Require A Deficiency

May 2, 2012
Comments 0

Cape Coral FL – OK, let’s talk about the most common types of loans that do not require a deficiency on a short sale. The first common loan type is a Fannie Mae or Freddie Mac loan.

I’ll call them Fannie & Freddie in this post. Freddie & Fannie are different quasi-governmental entities that own mortgages. For our conversation, they are very similar in the way they handle short sales.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

First, you need to find out if Fannie or Freddie own your loan.

Fannie Mae has a website with a lookup tool. Go to this site to research if your loan is owned by Fannie Mae: www.fanniemae.com/loanlookup/

Freddie Mac has a lookup tool here: ww3.freddiemac.com/corporate/

If your loan is owned by Fannie Mae, then you usually do not have to worry about a deficiency. Fannie Mae’s official policy is that they will forgive the debt if a seller has a genuine hardship.

Fannie & Freddie’s policies are basically the same. They state that they will pursue a short sale seller if they have they can afford to make the payment or it is an investment property.

You need to keep this in mind if you are strategically defaulting. One problem with some of these short sales is that the loan was insured by Private Mortgage Insurance, also called PMI.

The PMI companies have the ability to approve or veto the short sale offer. Many PMI companies ask for a promissory note before they will approve a short sale.

The good news is that the promissory note is usually less than the amount lost. For example, we recently saw a lender lose over $100,000 on a short sale. They asked the homeowner for a $20,000 promissory note.

Are you willing to pay $20,000 to walk away from $100,000 in debt? I think that’s a good bargain.

If you have a Fannie or Freddie Loan and have a genuine hardship, then you can be pretty confident that you have a very good shot at being able to walk away without a deficiency. 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 dbishop@embarqmail.com. I will contact you for a free consultation.

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 (239) 560-3149

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Cape Coral loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Donna Bishop.

Donna is a Real Estate Agent at Jones & Co. Realty.
Former Owner/Broker of A & B Mortgage Brokers of Florida.
Cape Coral Short Sales Realtor:
Fort Myers Short Sales Realtor:
Lehigh Acres Short Sales Realtor:
Lee County Florida Realtor:
SW Florida Realtor:

Phone: (239) 560-3149. dbishop@embarqmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. also my other site; www.DonnaBishopRealtor.com.

Donna Bishop specializes in loan modification assistance and short sales in Cape Coral Florida. Cape Coral Loan Modification Help. Cape Coral Loan Modification Help. Cape Coral Short Sales Cape Coral FL Short Sale Cape Coral Short Sale Realtor Cape Coral FL Short Sales. Cape Coral Realtor. Fort Myers Loan Modification Help. Fort Myers Florida. Fort Myers, Fl. short sales. Fort Myers Short Sales Realtor. Lehigh Acres Loan Modification Help. Lehigh Acres Florida. Lehigh Acres Short Sales Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Donna Bishop, Jones & Co. Realty, and the Stop Foreclosure Institute are 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. We do offer a loan modification kit.

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 Donna’s personal views and do not reflect the views of Jones & Co. Realty.

This information on A Common Cape Coral Short Sales: The Most Common Types Of Loan That Do Not Require A Deficiency is provided as a courtesy to our viewers to help them make informed decisions.

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