Gainesville FL – We received a question from another agent on short sale negotiations. Here was their email.

“I am having a problem on a short sale and would like to know how to avoid it next time. The first mortgage gave me a price and a net they would allow.

The home sold for enough money to get them the price and their minimum net they said they had to have. We put together the closing statement with the first receiving what they wanted and the second mortgage receiving $9,600.

The second had asked for $15,000 and are saying that they won’t accept less than that. Any suggestions on this one? What would have been a better approach? Maybe offer the 2nd a smaller amount to start?

I used the same HUD to present to both, getting the firsts approval first. Please advise. Bonnie.”

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

Here was our answer to Bonnie’s Question. Here is what I would do to avoid this in the future. Put together two separate closing statements, one for each MTG company.

The first mortgage would see a proposed closing statement with $20,000 going to the second mortgage. Meanwhile the second mortgage would get a proposed closing statement with them receiving $3,000 and the rest going to the first mortgage.

Obviously they are going to get the same HUD at closing. But, you start negotiations with each mortgage company thinking that the other mortgage company is getting a huge sum.

You meet in the with the final closing statement. They will both be happy because they are getting more than they had originally expected. Now, what can you do now to close this short sale?

This second mortgage negotiator is being a little unreasonable. Most second mortgages only receive $3,000 normally. They should be more than happy receiving $9,600.

Remind them that they get zero in a foreclosure. Show them the docket status for the foreclosure case. If the house is close to foreclosure, then you gain more negotiating power.

Another thing to do is get both of the negotiators on the phone. Have them hash it out between each other. That worked for us on a deal before and it might work for you too. 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 How To Avoid Getting Into A Jam With Second Mortgage Negotiations On Gainesville Short Sales is provided as a courtesy to our viewers to help them make informed decisions.

Gainesville FL – I am so sick of the incompetence and arrogance of people in the banking industry! It seems like the incompetence never ends.

We had a short sale closing last week. The underwriter for the buyer’s lender didn’t like the way the short sale approval letter was worded. They wouldn’t approve the loan until the short sale approval letter was changed.

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

We called up the short sale lender. They said they wouldn’t make the change. The buyer’s lender said the deal was dead. The problem is that how the short sale approval is written makes no difference to them.

Most title companies have millions of dollars in reserves to solve title problems. The title policy states and guarantees the title, no matter what the short sale approval letter says.

They guarantee that if any problem arises they will write a check and solve the problem. That’s why you order title insurance! Apparently this underwriter thought their job duties required them to do the title company’s job as well.

We finally called the CEO of the buyer’s lender. We told them that they were out of line. We told them that realtors and home sellers can’t just make unrealistic demands.

What if a home seller demanded, “I want to make sure all funds brought to closing have never been laundered or used in the drug trade. We also want the money to be backed by gold.”

You and I know that is not going to happen. I am forced to deal with incompetence and power trips with short sale lenders. I sure am not going to put up with it when I’m the customer.

Fortunately, our argument with the CEO’s office worked. They realized that they were in the wrong and made an exception for this sale. What is your opinion on this?

Do you think that the lender in this situation is out of line? Would you recommend that we not refer loans to them? Enter your comments below. 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 A Rant About Lender Incompetence On Gainesville Short Sales is provided as a courtesy to our viewers to help them make informed decisions.

Gainesville FL – Yesterday we discussed a serious problem affecting the short sale industry. Today, we are going to lay out a strategy that the short sale sellers can use to help solve this problem.

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

The biggest reason that this problem can continue is because the realtors assisting you never receive a copy of your home’s valuation. If we had copies of those valuations, then holding the people accountable would be much easier.

The banks won’t give us the information. And we really don’t have the right to it. But, you, the home seller, does have a right to it under the Equal Credit Opportunity Act

Here is what you can do to get your hands on your bank’s property valuation.

1. Request a complete itemized payoff from your lender. You do this by faxing them a request. Usually you will get an answer in 7-10 business days.

2. Review the payoff to see where the property valuation is itemized. It will usually be called an “Appraisal” or “BPO.” If not, it may be included in some other payoff cost.

3. Since this is part of what you owe on this mortgage, then you have a right to a copy under the Equal Credit Opportunity Act. Fax the lender’s legal department a request for a copy of it.

Send a copy of the payoff and circle the spot where you think the BPO payment is. Request a copy for the borrower under the Equal Credit Opportunity Act. In addition, also mail the lender’s legal department the same request.

If your lender does not comply, then you can file a complaint with the Federal Trade Commission at www.ftc.gov, The Office of Thrift Supervision at www.ots.treas.gov, The FDIC at www.FDIC.gov, and the Comptroller of the Currency at www.helpwithmybank.gov.

Indicate on your correspondence with the lender that if they do not comply, then you will be filing complaints against them.

Once you receive a copy of your home’s valuation we can use that date to facilitate the short sale process. 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 A New Strategy To Make Gainesville Short Sales Faster & Easier is provided as a courtesy to our viewers to help them make informed decisions.

Gainesville FL – Are you thinking about short selling your home? Here is a way that any seller can help with the short sale. First off, the biggest problem is that there is very little accountability in the short sale industry.

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

The banks use appraisers and other people to tell them what a house is worth before they sell it. They banks will not approve a short sale offer unless the house is selling for close to what these people tell them it is worth.

The bank’s use this process to make sure that they are not selling homes for less than they could sell them for after a foreclosure. Here is why there is very little accountability.

Very few people ever look at the valuations turned into the bank. The realtor helping you with your short sale can’t access this information. The valuations often have glaring inaccuracies in them.

For example one property was valued at 375k. Because of that valuation a short sale offer for 275k was turned down. We can agree that it would be stupid for a lender to accept 275k for a house worth 375k.

However, the house wasn’t worth 375k. It had been on the open market for several months and that was the highest offer received from any home buyer. But, it gets worse.

The home ended up selling as a short sale for $235,000. Yes, that bank lost $40,000. But, why did it happen? Because someone gave the bank an inaccurate property value.

However, that person was never held accountable for their actions. They caused a bank to lose $40,000. But today they are still doing property valuations for banks. It’s insane, isn’t it?

In tomorrow’s post we’ll detail what you, the short sale seller, can do to help with this problem. 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 Why Isn’t Anyone Holding These People Accountable On Gainesville Short Sales is provided as a courtesy to our viewers to help them make informed decisions.

Gainesville FL – The Mortgage Forgiveness Debt Relief Act of 2007 allows most people to short sale their home and not owe any income taxes on the forgiven debt.

However, there are a few situations where a homeowner may still owe taxes after a short sale.

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

According to the IRS’s Website, here are the following situations where you may owe taxes after a short sale or foreclosure.

* If you are being forgiven of more than $2 Million on your principal residence.

* If you are being forgiven of more than $1 Million on your principal residence and you are a married person filing a separate return.

* If the debt being forgiven was from a refinance and the proceeds of the refinance was not used to improve your residence.

(If you refinanced your house and used the money to improve your residence, then you wouldn’t be taxed on the forgiven debt. I would talk to an accountant to get all the details before trying this strategy.)

* Forgiven debt on second homes and other properties that are not your primary residence are not eligible for tax relief under this law.

There are other ways to get tax relief, but they are not covered under this law. 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 A Few Instances Where You May Owe Income Taxes After A Gainesville Short Sale is provided as a courtesy to our viewers to help them make informed decisions.

Gainesville FL – In our last blog post we explained that the Mortgage Forgiveness Debt Relief Act does not automatically release you from your mortgage debt after a short sale.

So, what does this law cover? What does it do? I’ll answer that question today.

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

Unfortunately, the law does not automatically release you from your upside down mortgage debt after a short sale. What it does do is give certain homeowners relief from taxes after a short sale.

Let’s look at the tax liability for a homeowner who short sold their home or lost it to foreclosure. Before this law was enacted, they would be taxed for any debt that was forgiven.

Let’s say that someone owed $400,000 on their home and sold it as a short sale for $300,000. According to Uncle Sam, if the lender forgave $100,000 in debt, then it was like they received $100,000 in free money.

Uncle Sam considered that forgiven debt as income. He wants that person to pay taxes on the income. Imagine the shock of receiving a big tax bill after you lost your home to foreclosure!

The Mortgage Forgiveness Debt Relief Act of 2007 changed all that. Someone can now short sale their home and be relieved from owing income taxes on up to $2 million in forgiven mortgage debt on their primary residence.

The law expires at the end of 2012. If you are thinking about short selling your home, then you need to get started right away. 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: So How Does The Mortgage Forgiveness Debt Relief Act Help You is provided as a courtesy to our viewers to help them make informed decisions.

Gainesville FL – Be careful who you take short sale advice from. Unfortunately, not everyone knows and understands short sales.

Here is an example of the myths propagated by people who think they know and understand short sales. I received an email from another agent recently.

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

This agent thought that a Federal Law had outlawed deficiencies on short sales. This agent mistakenly thought that the Mortgage Forgiveness Debt Relief Act of 2007 made it so that anyone could short sale their house and the debt would automatically be forgiven.

This agent had sold over 50 short sales and was experienced on short sales. She assumed that since the short sale lenders had not mentioned a deficiency in the short sale approval letter that meant there was no deficiency.

This agent was located in Oregon. However, according to this Oregon Attorney’s Website, she was mistaken. Any of her 50 short sale customers could be at risk of a deficiency, even though their agent had told them that the loan had been forgiven.

Don’t make any assumptions when deciding on how to handle your short sale. Double check everything you hear and make sure it is correct. 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 A Common Gainesville Short Sale Myth: Everyone Who Short Sells Their Home Will Be Released From The Debt is provided as a courtesy to our viewers to help them make informed decisions.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Then mail them an untraceable payment method like a money order. That way they can’t take every dime out of your bank account. Thinking about a short sale?

I can help you short sale your property and 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 Help: Having Financial Problems? Tell Debt Collectors To “Get Lost” is provided as a courtesy to our viewers to help them make informed decisions.

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.