Stop Foreclosure Institute of Cape Coral Assisting Homeowners in Distress

Cape Coral FL – This is the worst sin of negotiating. Don’t tell the buyer’s or their agent your life’s story.

What do you think would pop into a buyer’s head if they heard this out of a seller’s mouth? “We must sell the home because it is in foreclosure and if we don’t sell it be June 23rd, then the bank will foreclose on it.”

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

Immediately they will think, “I wonder what they owe on the house. If it doesn’t sell they will have a foreclosure. The sellers probably just want to get what they owe on the home so they can avoid foreclosure.”

This is an extreme example, but it shows you how a simple slip of the tongue could cause a seller to lose a large amount of their hard earned equity.

A seller facing foreclosure in that situation might be desperate enough to “get out” with none of their equity just to avoid foreclosure.

But, what if they buyer was willing to pay the market value for the home? That seller just lost all their equity! When a buyer asks why you are selling answer them without giving away any extra information.

You could say, “Oh, we would like to move to a smaller home.” You don’t need to say much more than that. And don’t tell them you must sell by a certain date to avoid 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 . 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. donnabishoprealtor@gmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. also www.CapeCoralHomes.info. or www.DonnaBishop.ListingSpy.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 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 Sale Negotiation Mistake: Talking Too Much is provided as a courtesy to our viewers to help them make informed decisions.

Cape Coral FL – Many buyers will ask what your bottom line is. They know that they can usually negotiate a home seller down to an even lower price.

Don’t fall for it. You’ve already made the first move by setting a price for your home. Tell the buyers that you need to think it over and get back to them.

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

Then, ask them what they like about your home. If they tell you, then you can determine their motivation to buy your home. After that, ask them what they are thinking of offering on your home.

The reason this rule is so important is that in some negotiations you may offer more at the beginning than the other party is willing to accept. Here is an example of this.

A person I know was trying to buy something. He had a price in mind that he was willing to pay. He thought the best price he could get was $1,500, but he was willing to pay up to $2,000.

He asked the seller what he wanted for the item. The seller responded that he didn’t know what he wanted. He offered the seller $1,500 and the seller accepted it.

Later on he learned that the seller was desperate. The seller had a price in mind of $800 to $1,000. If the seller had mentioned an opening price first, then he would have saved $500! Instead the seller made an extra $500.

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 . 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
North Fort Myers Short Sales Realtor
Lee County Florida Realtor
SW Florida Realtor

Phone: (239) 560-3149. donnabishoprealtor@gmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. also for searching go to: www.DonnaBishop.ListingSpy.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 Short Sales Realtor. Lehigh Acres Loan Modification Hlep. 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 Sale Negotiation Mistake: Dropping Your Price Before Negotiations Start is provided as a courtesy to our viewers to help them make informed decisions.

Cape Coral FL – If you are considering buying a short sale, then you should know what you are getting involved with.

First off congratulations! Buying a short sale is a great decision. Most short sales usually sell for 3-5% less than other comparable homes.

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

So you get the advantage of getting a good deal. Now, I am sure you are asking, “Why are short sales a bargain?”

The reason is that a short sale takes longer than a normal real estate sale. You have to wait 30-60 days for the seller’s bank to approve your offer.

In addition, some agents do not understand short sales. They talk bad about them even though they have not educated themselves on how they work.

Here are a few things you should educate yourself on before making an offer on a short sale.

How experienced at short sales is the seller’s agent? If the seller’s agent has little short sale experience, then you should probably look at another house.

How many liens does the seller have? If the seller has three or more mortgages and/or liens, then you should pass. It’s hard to make a short sale work in these situations.

Remember the Aesop’s Fable about the monkeys with their hands in the jar? Well, all three lienholder’s hands are in the cookie jar. But, none will put down any cookies so they can pull their hand out.

The bottom line: One or two mortgages and/or liens is ok. Three or more is not.

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 . 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 an 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. donnabishoprealtor@gmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. also my site; www.DonnaBishop.ListingSpy.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, Fl. Fort Myers Short Sales Realtor. Lehigh Acres Loan Modification Help. Lehigh Acres, Fl.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.

Cape Coral FL – The Stop Foreclosure Institute recently received a question from Brett. Here was Brett’s question.

“How is the short sale process different for a homeowner versus a rental property? Is the owner of a rental property more likely to have a deficiency judgment and/or be taxed on the deficiency than a someone short selling their own home? Brett.”

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

Here was our answer to Brett’s question. Yes, short selling a rental property is much different.

(The scenarios below are for a property you bought as a rental, not a property you bought to live in and then started to rent out.)

1. Deficiency. In most cases, you will not be dealing with the lenders who will allow you to walk away from the debt. Lenders are going to ask for a promissory note or deficiency much more often on a rental.

You can still short sell without a deficiency, but it won’t be as easy to do it.

2. You are more likely to owe income taxes. Uncle Sam isn’t giving you the same break on cancellation of debt income waiver that a normal homeowner gets.

Check with your accountant on methods that can help you wipe out even this 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 donnabishoprealtor@gmail.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. donnabishoprealtor@gmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. also my listingspy site: “http://www.DonnaBishop.ListingSpy.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 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 Question: How Is Short Selling A Rental Different From Your Personal House? is provided as a courtesy to our viewers to help them make informed decisions.

Cape Coral FL – The Stop Foreclosure Institute recently received a question from Will. Here was his question.

“I am thinking of short selling my house. There are some problems with the house. I know that most home buyers get a home inspected before they buy it.

Do I have to tell them about the problems? Or, should I leave them for the inspector to find? Will.”

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

Here was our answer. Will, we would disclose everything to the home buyers. It doesn’t do you any good to hide any problems.

The inspector will probably find them. But, if any are missed, then the buyers could sue you later on for damages.

I don’t know all the legal ramifications. In my opinion, they could sue you for hiding a problem that you knew about.

Who needs more legal problems? Besides, even if the house sells for less money as a result of the problems, then your lender will take the loss.

Remember, in most cases you can’t make any money off of the short sale. And even if you do, that amount will probably not change if your home sells for a lower value.

Your lender would have to factor those problems into the price it could get if it was selling the home after 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 donnabishoprealtor@gmail.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. donnabishoprealtor@gmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. also “http://www.DonnaBishopTrends.com”>www.DonnaBishopTrends.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 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 Question: Do I Need To Disclose Anything Wrong With My House? is provided as a courtesy to our viewers to help them make informed decisions.

Cape Coral FL – The Stop Foreclosure Institute recently received a question from Will. Here was his question.

“I am thinking of short selling my house. There are some problems with the house. I know that most home buyers get a home inspected before they buy it.

Do I have to tell them about the problems? Or, should I leave them for the inspector to find? Will.”

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

Here was our answer. Will, we would disclose everything to the home buyers. It doesn’t do you any good to hide any problems.

The inspector will probably find them. But, if any are missed, then the buyers could sue you later on for damages.

I don’t know all the legal ramifications. In my opinion, they could sue you for hiding a problem that you knew about.

Who needs more legal problems? Besides, even if the house sells for less money as a result of the problems, then your lender will take the loss.

Remember, in most cases you can’t make any money off of the short sale. And even if you do, that amount will probably not change if your home sells for a lower value.

Your lender would have to factor those problems into the price it could get if it was selling the home after 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 donnabishoprealtor@gmail.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
Senior Real Estate Specialist
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. donnabishoprealtor@gmail.com.

Share a Smile!

View My homes for sale at www.swfloridabroker.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.

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 Question: Do I Need To Disclose Anything Wrong With My House? is provided as a courtesy to our viewers to help them make informed decision.

Cape Coral FL – I recently saw an article written by a prominent, so called short sale expert. In the article, this supposed expert says the only rules for short sales are HAFA, but even those rules are subject to interpretation.

That is like saying that there are no traffic laws. If that were the case, then everyone could drive 100 MPH and never get a ticket.

That is like saying that the court system has no rules. (Go ask a judge or lawyer and you’ll find out the truth about that pretty fast.)

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

The good news for short sale sellers is that there are rules. There are lots of rules in fact. These rules protect you from renegade, rogue employees at short sale lenders. They also protect you from the lenders.

Here is a small sampling of the rules and guidelines for short sales.

FHA Short Sales. There is a 16 page directive from HUD to lenders. This directive gives explicit instructions to all lenders on how to handle short sales on FHA loans.

You can read thru the rules for an FHA Short Sale yourself. Just Google “Mortgagee Letter 2008-43.”

VA Short Sales. VA gives explicit instructions (again in their short sale guidelines. Only, they don’t call it a short sale. They call it a VA Compromise Sale.

Call a VA Loan Center to get a copy of the Compromise Sale Guidelines. Between 65-70% of all the loans in the US are owned or insured by one of the following entities: FHA, VA, Fannie Mae, or Freddie Mac.

Those entities either own or insure against loss. That also means those entities have the right to dictate what can and cannot be done on a short sale.

The lender handling the negotiations has to follow their guidelines or face stiff penalties. Fannie May and Freddie Mac do not publish their guidelines to the general public. But, we do know they have them.

The lenders have sent Stop Foreclosure Institute Members copies of their guidelines before. The member was disputing something on a short sale. They couldn’t believe a certain rule.

The lender’s negotiator sent them the guidelines for the thing they were disputing. The bottom line is that most (if not all) short sale sales do have rules.

However, the lenders don’t want you to know that.

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 donnabishoprealtor@gmail.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
North Fort Myers Short Sales Realtor
Lehigh Acres Short Sales Realtor
Lee County Florida Realtor
SW Florida Realtor

Phone: (239) 560-3149. donnabishoprealtor@gmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. also my real estate trends site; www.DonnaBishopTrends.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.

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 Myth: There Are No Rules Or Guidelines For Short Sales is provided as a courtesy to our viewers to help them make informed decisions

Cape Coral FL – You may wonder why a sales contract says the seller pays for certain costs and yet the bank covers the costs. Here is how it works.

The sales contract may have a certain clause say: “Seller to pay title and seller’s documentary stamp taxes.” How does the bank pay that cost if it says the seller is paying it?

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

In traditional real estate (non short sale), certain costs are normally paid by the seller and other costs by the buyer. For example, the seller doesn’t normally pay the buyer’s home inspector.

In these cases, the seller is actually paying those costs. So sales contracts have always been written like that. On a short sale, the costs are paid by the seller on the closing statement.

But, you aren’t paying them. Instead, they are being subtracted from the sales price. The short sale lender gets what remains after the costs are paid. For example.

Sales price: $100,000.

All costs paid by the seller: $9,000.

Net to the short sale lender: $91,000.

The short sale lender is actually paying these costs by simply accepting the lower amount. That is why it is called a “Short Sale.”

The lender is getting paid less than what they are owed. They would have to pay all of those costs if they foreclosed on the house and then sold it.

So, they might as well pay those costs now with 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 donnabishoprealtor@gmail.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
North Fort Myers Short Sales Realtor
Lehigh Acres Short Sales Realtor
Lee County Florida Realtor
SW Florida Realtor

Phone: (239) 560-3149. donnabishoprealtor@gmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. 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 Who Pays The Costs In A Cape Coral Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.

Cape Coral FL – Yes, many people think they can negotiate with the lender. But, some of them don’t have the skills necessary to be successful.

Here are a few of the things someone needs before they can negotiate a short sale.

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

They must have the ability to understand HUD-1 Closing Statements. The lenders will want a copy of the closing statement, also call a HUD-1.

Most people in the lender’s short sale departments are very familiar with HUD-1s. The person negotiating with you will need to answer any questions they have about the HUD and know how to make changes to it.

They must know the short sale seller’s rights. Most short sale transactions fall under certain guidelines. The lenders don’t always like to follow those guidelines.

They might ask the seller to accept a promissory note when the guidelines don’t require that. You could be stuck repaying thousands of dollars unnecessarily.

Make sure the person negotiating on your behalf has a complete understanding of your rights.

They must know how short sale negotiators think. Short sale negotiators don’t just approve every short sale.

There is a process they must follow before approving or rejecting a short sale offer. If the person doesn’t understand then they won’t be able to work your file thru the process to receive an approval.

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 donnabishoprealtor@gmail.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
No. Fort Myers Short Sales Realtor
Lehigh Acres Short Sales Realtor
Lee County Florida Realtor
SW Florida Realtor.

Phone: (239) 560-3149. donnabishoprealtor@gmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. also my real estate trends site; http://www.DonnaBishopTrends.com”>www.DonnaBishopTrends.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 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 Myth: Anyone Can Negotiate With The Lender is provided as a courtesy to our viewers to help them make informed decisions.

Cape Coral FL – We recently gave a couple of common reasons that short sales fail. Today, we will go thru a few more reasons.

(To recap, here were the reasons we put in our previous blog post. Reason #1: The sales price is lower than the lender wants. The lender thinks the home is worth more than it is selling for and won’t approve the short sale unless the price is for the value they have.

Reason #2: The tenant doesn’t allow the home to be showed. Many tenants do not want the home to be shown to buyers because they will have to move before it sells.)

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

Reason #3: Your realtor never followed up with the lender. Short sale negotiators are not in a rush. They don’t get paid by the file.

They also make the rules. They will issue ultimatums. “Get me this document by Tuesday. If you don’t, then I will cancel the short sale process.”

Restarting the short sale process will set you back 30-60 days. If your agent doesn’t follow up on the process regularly and quickly respond to requests, then your short sale may be canceled.

Reason #4: Your realtor didn’t keep their paperwork organized. Lenders want correct paperwork that is properly filled out. They want everything organized.

Most short sale departments are a bureaucracy. They have checklists to fill out, forms to check, and other things to check.

If your agent is not organized, then they won’t be able to give them the correct paperwork. They might lose paperwork and have to hunt down replacements.

This takes time and slows down the process. So, be sure you hire an organized, competent agent to help you with your 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 donnabishoprealtor@gmail.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
North Fort Myers Short Sales Realtor
Lehigh Acres Short Sales Realtor
Lee County Florida Realtor
SW Florida Realtor

Phone: (239) 560-3149. donnabishoprealtor@gmail.com.

Share a Smile!

View My homes for sale at www.SWFloridaBroker.com. also my real estate trends site; www.DonnaBishopTrends.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 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 Yes, a Cape Coral Short Sales: More Reasons Why Short Sales Fail is provided as a courtesy to our viewers to help them make informed decisions.

Older Posts »