Gainesville 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 never pay the bank another penny. Send me an e-mail at curryteam@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 (352) 332-6611

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

Thinking about a loan modification? Our Gainesvilleloan 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, Chris Curry.

Chris is a real estate broker at Curry Team Realty.

Phone: (352) 332-6611. curryteam@gmail.com.

Chris Curry specializes in helping Gainesville Homeowners short sale their home.GainesvilleLoan Modification Help,GainesvilleShort Sales.GainesvilleShort Sale Realtor,GainesvilleRealtors,GainesvilleRealty,GainesvilleRealtor. Alachua Short Sales, Alachua ShortSaleRealtor. Newberry Short Sales, Newberry ShortSaleRealtor.

Suggested Reading

How To Avoid Paying A Short Sale Deficiency.

Should You Stop Making Your Mortgage Payments During A Short Sale?

Four Questions To Ask Before You Hire A Short Sale Agent.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curry Team 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 Curry’s personal views and do not reflect the views of Curry Team Realty.

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

Gainesville FL – Many people are concerned about a potential lawsuit after a short sale.

Many people ask us, “My lender just lost $150,000. Aren’t thing going to be angry that they are losing that much money? Won’t they sue me?”

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

The good news is that very few people will get sued. The vast majority of all short sale sellers will be released from the debt as a condition of the short sale.

We have reviewed hundreds of short sale approval letters and are familiar with the laws in different states. We estimate that 85-90% of all short sales will be approved with the deficiency being waived.

But, what about the remaining people? There are several reasons they are unlikely to be sued. Remember, in most cases they can’t collect any money without getting a judgment first.

Reason #1: It costs $1,000 or more to file a lawsuit in most states. Between the attorney fees and court costs, it will cost a lender $1,000 to $5,000 to convert the debt into a judgment. The $5,000 number is for people who fight them in court.

Reason #2: You can’t squeeze blood from a stone. Most people short sell their house because of financial problems. The banks know this.

They have learned from past experience how hard it is to collect money from someone who is having financial difficulties.

This is why the vast majority of all short sale sellers will never be sued by their lender after a short sale. Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at curryteam@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 (352) 332-6611

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

Thinking about a loan modification? Our Gainesvilleloan 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, Chris Curry.

Chris is a real estate broker at Curry Team Realty.

Phone: (352) 332-6611. curryteam@gmail.com.

Chris Curry specializes in helping Gainesville Homeowners short sale their home.GainesvilleLoan Modification Help,GainesvilleShort Sales.GainesvilleShort Sale Realtor,GainesvilleRealtors,GainesvilleRealty,GainesvilleRealtor. Alachua Short Sales, Alachua ShortSaleRealtor. Newberry Short Sales, Newberry ShortSaleRealtor.

Suggested Reading

How To Avoid Paying A Short Sale Deficiency.

Should You Stop Making Your Mortgage Payments During A Short Sale?

Four Questions To Ask Before You Hire A Short Sale Agent.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curry Team 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 Curry’s personal views and do not reflect the views of Curry Team Realty.

This information on Will My Lender Sue Me After A Gainesville Short Sale is provided as a courtesy to our viewers to help them make informed decisions.

Gainesville 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 never pay the bank another penny. Send me an e-mail at curryteam@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 (352) 332-6611

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

Thinking about a loan modification? Our Gainesvilleloan 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, Chris Curry.

Chris is a real estate broker at Curry Team Realty.

Phone: (352) 332-6611. curryteam@gmail.com.

Chris Curry specializes in helping Gainesville Homeowners short sale their home.GainesvilleLoan Modification Help,GainesvilleShort Sales.GainesvilleShort Sale Realtor,GainesvilleRealtors,GainesvilleRealty,GainesvilleRealtor. Alachua Short Sales, Alachua ShortSaleRealtor. Newberry Short Sales, Newberry ShortSaleRealtor.

Suggested Reading

How To Avoid Paying A Short Sale Deficiency.

Should You Stop Making Your Mortgage Payments During A Short Sale?

Four Questions To Ask Before You Hire A Short Sale Agent.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curry Team 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 Curry’s personal views and do not reflect the views of Curry Team Realty.

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

Gainesville 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 never pay the bank another penny. Send me an e-mail at curryteam@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 (352) 332-6611

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

Thinking about a loan modification? Our Gainesvilleloan 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, Chris Curry.

Chris is a real estate broker at Curry Team Realty.

Phone: (352) 332-6611. curryteam@gmail.com.

Chris Curry specializes in helping Gainesville Homeowners short sale their home.GainesvilleLoan Modification Help,GainesvilleShort Sales.GainesvilleShort Sale Realtor,GainesvilleRealtors,GainesvilleRealty,GainesvilleRealtor. Alachua Short Sales, Alachua ShortSaleRealtor. Newberry Short Sales, Newberry ShortSaleRealtor.

Suggested Reading

How To Avoid Paying A Short Sale Deficiency.

Should You Stop Making Your Mortgage Payments During A Short Sale?

Four Questions To Ask Before You Hire A Short Sale Agent.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curry Team 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 Curry’s personal views and do not reflect the views of Curry Team Realty.

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

Gainesville 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 never pay the bank another penny. Send me an e-mail at curryteam@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 (352) 332-6611

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

Thinking about a loan modification? Our Gainesvilleloan 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, Chris Curry.

Chris is a real estate broker at Curry Team Realty.

Phone: (352) 332-6611. curryteam@gmail.com.

Chris Curry specializes in helping Gainesville Homeowners short sale their home.GainesvilleLoan Modification Help,GainesvilleShort Sales.GainesvilleShort Sale Realtor,GainesvilleRealtors,GainesvilleRealty,GainesvilleRealtor. Alachua Short Sales, Alachua ShortSaleRealtor. Newberry Short Sales, Newberry ShortSaleRealtor.

Suggested Reading

How To Avoid Paying A Short Sale Deficiency.

Should You Stop Making Your Mortgage Payments During A Short Sale?

Four Questions To Ask Before You Hire A Short Sale Agent.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curry Team 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 Curry’s personal views and do not reflect the views of Curry Team Realty.

This information on Gainesville 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.

Gainesville FL – We had a negotiator at Bank of America try to push us around a little while ago. We’ve studied and analyzed all of the short sale guidelines and rules.

This was an FHA loan and therefore would be governed by FHA’s Short Sale Guidelines. This means that the lender must follow FHA’s Specific Instructions on how to handle the short sale. Here’s what happened.

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

FHA sends all of the lenders who handle their loans a letter called “Mortgagee Letter 2008-43.” It details exactly how the banks servicing an FHA loan are supposed to negotiate on a short sale.

This letter is 16 pages long and gives them specific directions on how much to pay agents, what percentage of the appraisal they can accept, etc.

We had had a wretched experience another FHA short sale. The lender lied to the seller’s prior agent and hadn’t followed the FHA Short Sale Guidelines. Because of that experience, we had read thru this letter 2-3 times.

Bottom line, we know a little bit about FHA’s rules for short sales. The problem was this negotiator at a large national bank didn’t want to follow the rules!

Instead she made up her own rules! She told us that the buyer and seller had to split the cost of the title insurance. The problem is on page 12 of the Mortgage Letter, it says that they are allowed to approve a file paying the standard title insurance costs.

In our area, it is the sale’s contracts are written with the seller paying for the title insurance. The buyer pays their closing costs and the title insurance for their lender.

But, this negotiator didn’t want to allow that. I had to argue back and forth with her for 2-3 days until she finally relented. FHA is insuring this lender against any and all loss on the loan.

They have given that lender an almost risk free way to make a decent profit on a mortgage. If they have given you specific instructions on how to negotiate a short sale, then follow those instructions!

Here is the bottom line. If the negotiator at the lender is lying to you, then ask for their manager. When you talk to their manager, explain how they are breaking the rules.

Tell them you may contact FHA and tell them that the lender is breaking the rules. Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at curryteam@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 (352) 332-6611

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

Thinking about a loan modification? Our Gainesvilleloan 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, Chris Curry.

Chris is a real estate broker at Curry Team Realty.

Phone: (352) 332-6611. curryteam@gmail.com.

Chris Curry specializes in helping Gainesville Homeowners short sale their home.GainesvilleLoan Modification Help,GainesvilleShort Sales.GainesvilleShort Sale Realtor,GainesvilleRealtors,GainesvilleRealty,GainesvilleRealtor. Alachua Short Sales, Alachua ShortSaleRealtor. Newberry Short Sales, Newberry ShortSaleRealtor.

Suggested Reading

How To Avoid Paying A Short Sale Deficiency.

Should You Stop Making Your Mortgage Payments During A Short Sale?

Four Questions To Ask Before You Hire A Short Sale Agent.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curry Team 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 Curry’s personal views and do not reflect the views of Curry Team Realty.

This information on Gainesville Short Sales: Why Do Bank Negotiators Break The Rules is provided as a courtesy to our viewers to help them make informed decisions.

Gainesville 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 never pay the bank another penny. Send me an e-mail at curryteam@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 (352) 332-6611

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

Thinking about a loan modification? Our Gainesvilleloan 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, Chris Curry.

Chris is a real estate broker at Curry Team Realty.

Phone: (352) 332-6611. curryteam@gmail.com.

Chris Curry specializes in helping Gainesville Homeowners short sale their home.GainesvilleLoan Modification Help,GainesvilleShort Sales.GainesvilleShort Sale Realtor,GainesvilleRealtors,GainesvilleRealty,GainesvilleRealtor. Alachua Short Sales, Alachua ShortSaleRealtor. Newberry Short Sales, Newberry ShortSaleRealtor.

Suggested Reading

How To Avoid Paying A Short Sale Deficiency.

Should You Stop Making Your Mortgage Payments During A Short Sale?

Four Questions To Ask Before You Hire A Short Sale Agent.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curry Team 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 Curry’s personal views and do not reflect the views of Curry Team Realty.

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

Gainesville FL – Another common type of loan that does not usually have a deficiency is a “Sliced and Diced” loan. A “Sliced and Diced” loan is a loan that has been securitized along with a bundle of other loans.

Here is how that happened. John gets a loan from ABC Bank. ABC Bank is running out of money to lend out. So, they sell 1,000 of their mortgages to Goldman Sachs.

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

Goldman then securitizes that bundle of 1,000 mortgages and sells of 50,000 shares of stock. Each piece of stock represents a small percentage of the bundle of 10,000 mortgages.

But, how does that affect whether or not you will have a deficiency on a short sale? First, the majority of “Sliced and Diced” loans that we have short sold released the seller from the deficiency.

This means that the short sale approval letter said that the homeowner was being forgiven of the debt. What about the people who are not specifically released from the deficiency?

The good news is that the vast majority move on with their life and never hear anything more from their lender. Time moves on and they forget about the debt.

The good news is that after a few years the statute of limitations kicks in and they are home free. Their lender no longer has the right to collect the money from them. Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at curryteam@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 (352) 332-6611

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

Thinking about a loan modification? Our Gainesvilleloan 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, Chris Curry.

Chris is a real estate broker at Curry Team Realty.

Phone: (352) 332-6611. curryteam@gmail.com.

Chris Curry specializes in helping Gainesville Homeowners short sale their home.GainesvilleLoan Modification Help,GainesvilleShort Sales.GainesvilleShort Sale Realtor,GainesvilleRealtors,GainesvilleRealty,GainesvilleRealtor. Alachua Short Sales, Alachua ShortSaleRealtor. Newberry Short Sales, Newberry ShortSaleRealtor.

Suggested Reading

How To Avoid Paying A Short Sale Deficiency.

Should You Stop Making Your Mortgage Payments During A Short Sale?

Four Questions To Ask Before You Hire A Short Sale Agent.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curry Team 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 Curry’s personal views and do not reflect the views of Curry Team Realty.

This information on Gainesville Short Sale Deficiencies On “Sliced & Diced Loans is provided as a courtesy to our viewers to help them make informed decisions.

Gainesville 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 never pay the bank another penny. Send me an e-mail at curryteam@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 (352) 332-6611

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

Thinking about a loan modification? Our Gainesvilleloan 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, Chris Curry.

Chris is a real estate broker at Curry Team Realty.

Phone: (352) 332-6611. curryteam@gmail.com.

Chris Curry specializes in helping Gainesville Homeowners short sale their home.GainesvilleLoan Modification Help,GainesvilleShort Sales.GainesvilleShort Sale Realtor,GainesvilleRealtors,GainesvilleRealty,GainesvilleRealtor. Alachua Short Sales, Alachua ShortSaleRealtor. Newberry Short Sales, Newberry ShortSaleRealtor.

Suggested Reading

How To Avoid Paying A Short Sale Deficiency.

Should You Stop Making Your Mortgage Payments During A Short Sale?

Four Questions To Ask Before You Hire A Short Sale Agent.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curry Team 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 Curry’s personal views and do not reflect the views of Curry Team Realty.

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

Gainesville 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 never pay the bank another penny. Send me an e-mail at curryteam@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 (352) 332-6611

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

Thinking about a loan modification? Our Gainesvilleloan 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, Chris Curry.

Chris is a real estate broker at Curry Team Realty.

Phone: (352) 332-6611. curryteam@gmail.com.

Chris Curry specializes in helping Gainesville Homeowners short sale their home.GainesvilleLoan Modification Help,GainesvilleShort Sales.GainesvilleShort Sale Realtor,GainesvilleRealtors,GainesvilleRealty,GainesvilleRealtor. Alachua Short Sales, Alachua ShortSaleRealtor. Newberry Short Sales, Newberry ShortSaleRealtor.

Suggested Reading

How To Avoid Paying A Short Sale Deficiency.

Should You Stop Making Your Mortgage Payments During A Short Sale?

Four Questions To Ask Before You Hire A Short Sale Agent.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curry Team 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 Curry’s personal views and do not reflect the views of Curry Team Realty.

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