Roseville CA – The Stop Foreclosure Institute recently received an e-mail from another real estate agent. They were asking for our advice on a short sale.

They accused a large, national lender (one of the 4 largest in America) of lying to Fannie Mae. Fannie Mae is almost a subsidiary of the Federal Government.

Here was the e-mail they sent us. ” The lender told the seller that they had to agree to a deficiency or the short sale would not be approved.

The seller said that was unacceptable. They told us they wouldn’t go thru with the short sale unless the deficiency was waived. We notified the short sale negotiator and he sent us a short sale decline letter.

The decline letter says buyer walked. That was a total lie! It appears that this lender told the owner of the loan, Fannie Mae, that the buyer walked when that was not the case.

But, he told us that Fannie Mae was making them do it. I think they are showing this to Fannie Mae to cover their butts! Steve.”

Get my Free, Step By Step Loan Modification Guide by clicking here.

Our comments on this. This is a big deal. That lender’s legal obligation is to do what is best for Fannie Mae. Short sales usually reduce a lender’s losses by 20%, thereby netting Fannie Mae more money.

For this lender to do this is a blatant violation of their legal obligation. Fannie Mae’s policy is to not pursue short sale deficiencies. They just write off the loss and move on. We have sold many short sales where Fannie Mae waived their deficiency rights.

I think the short sale negotiator’s ego is getting in the way of a deal. They are probably delegated for Fannie. This means Fannie tells them to do whatever they want on behalf of Fannie.

The person not willing to waive the deficiency is this short sale negotiator. This is pathetic and should be investigated.

There is a solution to the problem. I would recommend calling Fannie Mae directly and let them know what is going on.

Thinking about a loan modification?Our Roseville loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at admin@go2century.com to request a Free Copy. Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at admin@go2century.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 916-402-4697

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

Thanks for reading this, Brian Frank.

Brian is a Real Estate Agent at Century Real Estate Services.

Phone: 916-402-4697. admin@go2century.com.

View My homes for sale at .

Brian Frank specializes in loan modification assistance and short sales in Roseville California. Roseville Loan Modification Help, Roseville Short Sales. Roseville Short Sale Realtor. Rocklin CA Loan Modification Help, Rocklin CA Short Sales. Rocklin CA Short Sale Realtor. Lincoln CA Loan Modification Help, Lincoln CA Short Sales. Lincoln CA Short Sale Realtor. Granite Bay CA Loan Modification Help, Granite Bay CA Short Sales. Granite Bay CA Short Sale Realtor. Citrus Heights CA Loan Modification Help, Citrus Heights CA Short Sales. Citrus Heights CA Short Sale Realtor. Roseville CA Short Sales. Roseville Realtor.

Roseville CA – The Stop Foreclosure Institute recently received a question about renting a home in foreclosure.

Get my Free, Step By Step Loan Modification Guide by clicking here.

Here was our answer to them. The Stop Foreclosure Institute is not a law firm. Therefore, we can’t answer as to whether or not it is legal. We recommend that you check with a lawyer before making a decision.

We do know that there are laws forbidding that practice in many states. For example, Florida recently passed a law that stated that you had to notify any potential renter whether or not the home was in foreclosure before renting.

From what we have heard about the law, if you lease a property in foreclosure and don’t tell the tenants, then it is a criminal offense.

If it was a problem in Florida, then it was a problem in other states and they probably passed similar laws. We have seen cases in the past where a homeowner sold their home as “Owner Financing.

The home was in foreclosure and buyers filed a police report. The sheriff’s office investigated the homeowner for fraud. The people who thought they were buying the home paid the owner a large down payment.

They didn’t know the home was in foreclosure. He disappeared with their money and they were kicked out by the bank.

We don’t know what ended up happening. The bottom line is that anything fishy can have future repercussions. So check with a lawyer to make sure you won’t have any problems.

Thinking about a loan modification?Our Roseville loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at admin@go2century.com to request a Free Copy. Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at admin@go2century.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 916-402-4697

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

Thanks for reading this, Brian Frank.

Brian is a Real Estate Agent at Century Real Estate Services.

Phone: 916-402-4697. admin@go2century.com.

View My homes for sale at .

Brian Frank specializes in loan modification assistance and short sales in Roseville California. Roseville Loan Modification Help, Roseville Short Sales. Roseville Short Sale Realtor. Rocklin CA Loan Modification Help, Rocklin CA Short Sales. Rocklin CA Short Sale Realtor. Lincoln CA Loan Modification Help, Lincoln CA Short Sales. Lincoln CA Short Sale Realtor. Granite Bay CA Loan Modification Help, Granite Bay CA Short Sales. Granite Bay CA Short Sale Realtor. Citrus Heights CA Loan Modification Help, Citrus Heights CA Short Sales. Citrus Heights CA Short Sale Realtor. Roseville CA Short Sales. Roseville Realtor.

Roseville CA – Another agent recently e-mailed the Stop Foreclosure Insitute. They were having a hard time with a short sale on a Fannie Mae Loan.

Get my Free, Step By Step Loan Modification Guide by clicking here.

Here is an excerpt from the agent’s e-mail.

“I spoke with Josh @ Fannie Mae. He said that once there is a foreclosure sale, per an agreement with lender, Fannie Mae would pay the lender the full balance of the note.

I started to comment that what incentive is there for the lender to process a short sale. He said I know where you’re going with that and we couldn’t comment.

It appears that the title would be transferred to Fannie Mae and the lender would be reimbursed for the FULL balance of the note. This is crazy! When Fannie Mae is the investor, it seems a JOKE to bother with the short sale!!

My Comments: Fannie Mae short sales are the best and easiest short sales to get approved. This is because Fannie is one of the most reasonable loan owners out there.

The problem is that no one at the lenders really cares. The reason the lender is getting paid off completely is because they already sold the loan to Fannie.

Remember, Fannie was created to free up lender’s money. That way lenders could go make more loans. The problem is that Fannie has entrusted their investment to these lenders. Let me explain.

Here is how I see it. It’s a huge win for a lender to under staff the departments handling their loan.

Their business model is to grant loans and sell them to Fannie for a profit. Fannie takes on all the risk and even pays you a monthly payment for collecting the payments

Cut your staff handling their loans to the bone. That way you can make a monthly profit from the monthly Fannie payments. A lender can’t lose. You make money granting the loan.

You sell the loan to Fannie for a profit. You make money each month handling the loan for Fannie. At the end of the day, the loan goes bad.

You can’t do a competent job negotiating the short sale. Why is that? The reason is you are cutting staff costs. But, you don’t lose money from your negligence. Fannie Mae and Uncle Sam do. Sound like a sweet deal?

But, we still love Fannie Mae Short Sales. The Stop Foreclosure Institute has sold countless Fannie Mae Short Sales successfully.

Thinking about a loan modification?Our Roseville loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at admin@go2century.com to request a Free Copy. Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at admin@go2century.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 916-402-4697

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

Thanks for reading this, Brian Frank.

Brian is a Real Estate Agent at Century Real Estate Services.

Phone: 916-402-4697. admin@go2century.com.

View My homes for sale at .

Brian Frank specializes in loan modification assistance and short sales in Roseville California. Roseville Loan Modification Help, Roseville Short Sales. Roseville Short Sale Realtor. Rocklin CA Loan Modification Help, Rocklin CA Short Sales. Rocklin CA Short Sale Realtor. Lincoln CA Loan Modification Help, Lincoln CA Short Sales. Lincoln CA Short Sale Realtor. Granite Bay CA Loan Modification Help, Granite Bay CA Short Sales. Granite Bay CA Short Sale Realtor. Citrus Heights CA Loan Modification Help, Citrus Heights CA Short Sales. Citrus Heights CA Short Sale Realtor. Roseville CA Short Sales. Roseville Realtor.

Roseville CA – After yesterday’s blog post, I am sure that some people were wondering why a HELOC gets zero from a foreclosure. Let me explain why.

Get my Free, Step By Step Loan Modification Guide by clicking here.

When a property is foreclosed upon, it is auctioned on the courthouse steps. Let me give you a scenario where a homeowner owes the following on the property.

First Mortgage is owed $200,000.

Second Mortgage is owed $40,000.

There is a HELOC (Home Equity Line of Credit) that is owed $100,000. (The home increased in value to $400,000 and a lender agreed to grant the loan.)

So a total of $340,000 is owed on the property. Now, what if it only sells for $150,000 on the courthouse steps. Who gets that $150,000?

The first mortgage does. The second mortgage wouldn’t get a dime unless the property sold on the courthouse steps for more than $200,000. The HELOC wouldn’t get any money unless it sold for more than $240,000.

This is why a second mortgage gets so little money from a foreclosure. Historically, second mortgages were loaned for the top 20% of the property value. The lower 80% was the first mortgage.

In most cases, the attorney fees, foreclosure costs, delinquent property taxes, and other fees would bring the first mortgage’s total up to around 100% of the property value.

This is why in most cases a second mortgage rarely gets any money from a foreclosure. Of course there are other variables that can change things, but this is how it usually works.

Thinking about a loan modification?Our Roseville loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at admin@go2century.com to request a Free Copy. Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at admin@go2century.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 916-402-4697

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

Thanks for reading this, Brian Frank.

Brian is a Real Estate Agent at Century Real Estate Services.

Phone: 916-402-4697. admin@go2century.com.

View My homes for sale at .

Brian Frank specializes in loan modification assistance and short sales in Roseville California. Roseville Loan Modification Help, Roseville Short Sales. Roseville Short Sale Realtor. Rocklin CA Loan Modification Help, Rocklin CA Short Sales. Rocklin CA Short Sale Realtor. Lincoln CA Loan Modification Help, Lincoln CA Short Sales. Lincoln CA Short Sale Realtor. Granite Bay CA Loan Modification Help, Granite Bay CA Short Sales. Granite Bay CA Short Sale Realtor. Citrus Heights CA Loan Modification Help, Citrus Heights CA Short Sales. Citrus Heights CA Short Sale Realtor. Roseville CA Short Sales. Roseville Realtor.

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

Important Notice

Brian Frank, Century Real Estate Services, 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?

The views expressed here are Frank’s personal views and do not reflect the views of Century Real Estate Services.

This information on Roseville Short Sale: Why Does A HELOC Get Zero From Foreclosure is provided as a courtesy to our viewers to help them make informed decisions.

Roseville CA – The Stop Foreclosure Institute recently received a question about short sales. Here is the question.

“What is your experience with Chase Heloc’s? I have a HELOC that is a 2^nd mortgage. Citi (the 1st) will give them 6% or approximately $3000. Chase’s collection agency is saying that they want 30% ($30,000.)

They won’t budge. They want this in CASH, not as a promissory note (in case the seller does a bankruptcy.) They are telling me they will just let the house foreclose because that is Chase’s policy now. What do you recommend that I do?”

Get my Free, Step By Step Loan Modification Guide by clicking here.

Here was our answer to the question. Most third party collection agencies are very tough to negotiate with. They are completely unreasonable.

They are so trained to give ultimatums that they will not budge, no matter how much logic and common sense you bring to them. Here is what you can do.

Go around them. Contact Chase’s CEO. We have been able to contact the CEO of Chase, Jamie Dimon’s Office on other Chase files. Show them that they will receive less in a foreclosure than the $3,000 available now.

Hopefully they will tell the collection agency to approve the $3,000 deal. If that doesn’t work, then ask to speak with a supervisor at the debt collection agency.

Show the how they will actually net zero when the property is foreclosed upon. Tell them that they have to either approve the $3,000 or take zero.

Tell them that rejecting the $3,000 means their client will net zero. Then, tell them that after the property is foreclosed upon, that you will contact their client and let them know how the collection agency’s actions caused them to lose $3,000.

Thinking about a loan modification?Our Roseville loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at admin@go2century.com to request a Free Copy. Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at admin@go2century.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 916-402-4697

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

Thanks for reading this, Brian Frank.

Brian is a Real Estate Agent at Century Real Estate Services.

Phone: 916-402-4697. admin@go2century.com.

View My homes for sale at .

Brian Frank specializes in loan modification assistance and short sales in Roseville California. Roseville Loan Modification Help, Roseville Short Sales. Roseville Short Sale Realtor. Rocklin CA Loan Modification Help, Rocklin CA Short Sales. Rocklin CA Short Sale Realtor. Lincoln CA Loan Modification Help, Lincoln CA Short Sales. Lincoln CA Short Sale Realtor. Granite Bay CA Loan Modification Help, Granite Bay CA Short Sales. Granite Bay CA Short Sale Realtor. Citrus Heights CA Loan Modification Help, Citrus Heights CA Short Sales. Citrus Heights CA Short Sale Realtor. Roseville CA Short Sales. Roseville Realtor.

Roseville CA – This is a common myth that is promoted by people that do not understand lenders or the foreclosure process. However, it’s not true.

Get my Free, Step By Step Loan Modification Guide by clicking here.

Many homeowners have short sold their home and never missed a payment. The lenders will approve a short sale where the seller has not missed a payment when the following is in place.

1. The homeowner owes more on their home than it is worth.

2. The homeowner has a verifiable hardship that will force them to miss their payments in the near future.

In these cases, the lenders know it is better to liquidate the home as quickly as possible. A faster sale will reduce their losses on interest and property taxes.

In addition, an owner occupied home usually sells for much more than a vacant home. Sure, the lenders don’t like short sales.

They hate losing money. (Don’t kid yourself.) But, they know that when a loss is inevitable, then it is best to do what they can to reduce the loss as much as possible.

That is why they will approve short sales when the homeowner hasn’t missed a payment yet. In fact, they will probably even negotiate loan modifications with homeowners who haven’t missed a payment either.

Thinking about a loan modification?Our Roseville loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at admin@go2century.com to request a Free Copy. Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at admin@go2century.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 916-402-4697

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

Thanks for reading this, Brian Frank.

Brian is a Real Estate Agent at Century Real Estate Services.

Phone: 916-402-4697. admin@go2century.com.

View My homes for sale at .

Brian Frank specializes in loan modification assistance and short sales in Roseville California. Roseville Loan Modification Help, Roseville Short Sales. Roseville Short Sale Realtor. Rocklin CA Loan Modification Help, Rocklin CA Short Sales. Rocklin CA Short Sale Realtor. Lincoln CA Loan Modification Help, Lincoln CA Short Sales. Lincoln CA Short Sale Realtor. Granite Bay CA Loan Modification Help, Granite Bay CA Short Sales. Granite Bay CA Short Sale Realtor. Citrus Heights CA Loan Modification Help, Citrus Heights CA Short Sales. Citrus Heights CA Short Sale Realtor. Roseville CA Short Sales. Roseville Realtor.

Roseville CA – We at the Stop Foreclosure Institute receive emails all the time that go something like this “The Bank’s Short Sale Problems are not that simple.

A bank can’t afford to write off too much loss at once. Also, their investors may not approve the short sale, because they can’t afford to write off too much loss at once either. And the circle goes on. Thank you, Amy

Get my Free, Step By Step Loan Modification Guide by clicking here.

Here is why this flawed assumption is incorrect. Most of the large, national banks do not own the mortgages they handle.

As an example, Bank of America does not own 80% of the mortgages they service. The biggest holders are the GSEs: Fannie Mae, Freddie Mac, and Ginnie Mae.

These entities are accustomed to losses. The other entity that’s set up well and accustomed to losses is FHA.

Most of the remaining loans are owned by Wall Street Firms, Pension Funds, and other professional investors. Most of the loans owned by them have already been written down in value dramatically.

In a few, isolated instances, the “We don’t want to write off losses to fast because it will hurt this quarter’s earnings” thing applies. First, off any bank CEO that plays this game should be fired.

It’s illegal because of accounting rules. Not writing off losses that you know about could be considered insider trading by many.

Besides, when you push the loss on non-performing loans to the future, the losses are bigger in most cases. Any prudent person would agree that making losses bigger by pushing them to the future is bad business.

The bigger problem is that the lenders don’t have enough staff to process the files. They need short sale negotiators to submit files to the owners of the loans.

As an example, on a recent FHA short sale, the negotiator told us it would take her 2-3 weeks to review the offer and then submit it to FHA.

However, she did tell me that FHA only has a 72 hour turnaround from when she submits the file to them. That is pathetic.

Here is why the lender doesn’t have any incentive to hire on more staff. On that file, the lender isn’t losing the money, FHA is losing it.

Therefore why should the lender spend money to hire on more staff? There is no incentive to do so.

Thinking about a loan modification?Our Roseville loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at admin@go2century.com to request a Free Copy. Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at admin@go2century.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 916-402-4697

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

Thanks for reading this, Brian Frank.

Brian is a Real Estate Agent at Century Real Estate Services.

Phone: 916-402-4697. admin@go2century.com.

View My homes for sale at .

Brian Frank specializes in loan modification assistance and short sales in Roseville California. Roseville Loan Modification Help, Roseville Short Sales. Roseville Short Sale Realtor. Rocklin CA Loan Modification Help, Rocklin CA Short Sales. Rocklin CA Short Sale Realtor. Lincoln CA Loan Modification Help, Lincoln CA Short Sales. Lincoln CA Short Sale Realtor. Granite Bay CA Loan Modification Help, Granite Bay CA Short Sales. Granite Bay CA Short Sale Realtor. Citrus Heights CA Loan Modification Help, Citrus Heights CA Short Sales. Citrus Heights CA Short Sale Realtor. Roseville CA Short Sales. Roseville Realtor.

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

Important Notice

Brian Frank, Century Real Estate Services, 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?

The views expressed here are Frank’s personal views and do not reflect the views of Century Real Estate Services.

This information on A Common Roseville Short Sale Myth: Banks Can’t Write Off Too Much Loss At Once is provided as a courtesy to our viewers to help them make informed decisions.

Roseville CA – We at the Stop Foreclosure Institute receive calls all the time that go something like this “I have fought the bank for year and half, and after paying thousands and thousands I have decided to short sale, can you help me”?

Get my Free, Step By Step Loan Modification Guide by clicking here.

Because of this, I decided to break down the reasons to short sale your home. In addition I added in a few reasons you should NOT consider A Short Sale:

Do NOT Short Sale if the value of your home is appreciating more then 5% a year. I have found that once you are upside down on your home more than 10%, then in most cases the housing market has dug a hole that no amount of financial superman work can get you out of.

Short Sale if you are a financial superman. If you are a CPA or Harvard Grad Number Cruncher, then you understand that numbers are more important than warm and fuzzy thinking.

Take a look at GM and all the businesses that go “Short Sale.” You can call it that. They know the numbers the numbers are what matter to them. If you are too far upside down, then is better to walk away from the debt and start over.

Do NOT Short Sale if you are going to make TONS of money in the future! You can probably convince your lender to grant you a loan modification and get back on your feet.

Short Sale if you can find a rental home comparable to your home. You have to live somewhere. We have seen lots of homeowners find a nicer home to rent for a lower monthly payment than their “upside down” home.

They Short Sold their house and were able to live a happier, more stress free life afterwards.

Do NOT Short Sale if you think that you are different from large Wall Street Firms that willingly walk away from their obligations.

You believe that your finances should not be run like a business, you should never retire, and that people in debt deserve to work 80 hours a week for the rest of their life until they pay off their debt.

This one drives me nuts. It is ok for Morgan Stanley to strategically walk away from their obligations on 5 San Francisco Towers they bought, but it’s not ok for “Average Joe Homeowner” to walk away from his upside down house?

What is wrong with the moral compass here? It is ok for a business to re-negotiate their debts with banks, but it is wrong for a homeowner to do it!

Are you crazy? Why do banks write off millions in debt for businesses while the homeowners should pay forever and never get a real loan mod? I guess they figure that homeowners not good business people and will allow the bank to push them around.

As you can see, when you run the numbers Short Sales almost ALWAYS make financial sense. Staying in a home that is upside down makes lousy financial sense, unless you get an awesome loan mod.

Now those are my opinions, and those points do not apply to every situation. What I am saying is that you really should look at your home as a financial investment, NOT a stone around your neck.

Thinking about a loan modification?Our Roseville loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at admin@go2century.com to request a Free Copy. Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at admin@go2century.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 916-402-4697

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

Thanks for reading this, Brian Frank.

Brian is a Real Estate Agent at Century Real Estate Services.

Phone: 916-402-4697. admin@go2century.com.

View My homes for sale at .

Brian Frank specializes in loan modification assistance and short sales in Roseville California. Roseville Loan Modification Help, Roseville Short Sales. Roseville Short Sale Realtor. Rocklin CA Loan Modification Help, Rocklin CA Short Sales. Rocklin CA Short Sale Realtor. Lincoln CA Loan Modification Help, Lincoln CA Short Sales. Lincoln CA Short Sale Realtor. Granite Bay CA Loan Modification Help, Granite Bay CA Short Sales. Granite Bay CA Short Sale Realtor. Citrus Heights CA Loan Modification Help, Citrus Heights CA Short Sales. Citrus Heights CA Short Sale Realtor. Roseville CA Short Sales. Roseville Realtor.

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

Important Notice

Brian Frank, Century Real Estate Services, 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?

The views expressed here are Frank’s personal views and do not reflect the views of Century Real Estate Services.

This information on Roseville Short Sales: Should I Short Sale or Keep trying to Save the House? is provided as a courtesy to our viewers to help them make informed decisions.

Roseville CA – The Stop Foreclosure Institute recently received a question from Cathy. Here was her question.

“I am trying to buy a house that is a short sale. It has been 4 months and we have heard nothing. The agent did mention that they are now on the 2nd negotiator and still haven’t heard from the negotiator.

I am getting very frustrated. Is there anything I can do on my end to try to push the process along, or is it all up to the agents? Cathy.”

Get my Free, Step By Step Loan Modification Guide by clicking here.

Here are a few reasons that a lenders will allow a wealthy investor to walk away from an upside down investment property.

Here was our answer to Cathy. Cathy, short sales can take a long time. But, usually the longest they should take is 3-4 months.

If the short sale hasn’t been approved by the end of 4 months, then it probably won’t be approved by the end of 12 months. I remember reading an article online about why the short sale process takes 9-12 months.

The author just broke each part down and justified why the entire process should take that long. I don’t think the author knew what he was talking about.

The Stop Foreclosure Institute has been able to get short sales approved as fast as 1 month. Most have been approved before the end of 3 months.

You mentioned that the agent “still hasn’t heard from the negotiator.” Did they ever think of maybe trying to contact the negotiator? It’s their job to help the seller sell their house and avoid foreclosure.

Calling the negotiator is part of the job. If I was you, I would find another short sale where the listing agent is experienced with short sales and doesn’t wait for the negotiators to call them.

Thinking about a loan modification?Our Roseville loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at admin@go2century.com to request a Free Copy. Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at admin@go2century.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 916-402-4697

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

Thanks for reading this, Brian Frank.

Brian is a Real Estate Agent at Century Real Estate Services.

Phone: 916-402-4697. admin@go2century.com.

View My homes for sale at .

Brian Frank specializes in loan modification assistance and short sales in Roseville California. Roseville Loan Modification Help, Roseville Short Sales. Roseville Short Sale Realtor. Rocklin CA Loan Modification Help, Rocklin CA Short Sales. Rocklin CA Short Sale Realtor. Lincoln CA Loan Modification Help, Lincoln CA Short Sales. Lincoln CA Short Sale Realtor. Granite Bay CA Loan Modification Help, Granite Bay CA Short Sales. Granite Bay CA Short Sale Realtor. Citrus Heights CA Loan Modification Help, Citrus Heights CA Short Sales. Citrus Heights CA Short Sale Realtor. Roseville CA Short Sales. Roseville Realtor.

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

Important Notice

Brian Frank, Century Real Estate Services, 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?

The views expressed here are Frank’s personal views and do not reflect the views of Century Real Estate Services.

This information on Roseville Short Sales: Why Is The Short Sale Taking So Long? is provided as a courtesy to our viewers to help them make informed decisions.

Roseville CA – The Stop Foreclosure Institute received a few responses from yesterday’s blog post. Most of the questions went something like this.

“I think a lender would be stupid to approve an investment property short sale for a wealthy person. If I was the lender I would sue them for the loss. Jan.”

The bottom line is that people didn’t think a lender would allow a wealthy person to walk away from the debt on an investment property.

Get my Free, Step By Step Loan Modification Guide by clicking here.

Here are a few reasons that a lenders will allow a wealthy investor to walk away from an upside down investment property.

Lenders know that if they can give a customer what they want, then it will help them. If they don’t give a customer what they want, then everything turns into a fight.

Some homeowners will hire a lawyer to review every clause in the mortgage. They will check to make sure that each clause of the mortgage meets every single conceivable state and federal law.

Other people will declare bankruptcy to avoid paying the debt. This is the biggest impediment keeping lenders from collecting on a debt.

Debt is very hard to collect even in court. In fact, only around 8-10% of all judgments are ever collected. That means a lot of people and lenders spend thousands of dollars in court getting a judgment, only to never collect the money.

This is one of the reasons that a debt collection company recently bought $20 Million Dollars worth of Deficiency Judgments for $150,000. I don’t know which lender sold them, but apparently that is all they thought they were worth.

I hope this helps you see why a lender would find it simpler to approve a short sale rather than pursuing a debtor in the hopes of collecting on the deficiency.

Thinking about a loan modification?Our Roseville loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at admin@go2century.com to request a Free Copy. Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at admin@go2century.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 916-402-4697

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

Thanks for reading this, Brian Frank.

Brian is a Real Estate Agent at Century Real Estate Services.

Phone: 916-402-4697. admin@go2century.com.

View My homes for sale at .

Brian Frank specializes in loan modification assistance and short sales in Roseville California. Roseville Loan Modification Help, Roseville Short Sales. Roseville Short Sale Realtor. Rocklin CA Loan Modification Help, Rocklin CA Short Sales. Rocklin CA Short Sale Realtor. Lincoln CA Loan Modification Help, Lincoln CA Short Sales. Lincoln CA Short Sale Realtor. Granite Bay CA Loan Modification Help, Granite Bay CA Short Sales. Granite Bay CA Short Sale Realtor. Citrus Heights CA Loan Modification Help, Citrus Heights CA Short Sales. Citrus Heights CA Short Sale Realtor. Roseville CA Short Sales. Roseville Realtor.

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Important Notice

Brian Frank, Century Real Estate Services, 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?

The views expressed here are Frank’s personal views and do not reflect the views of Century Real Estate Services.

This information on Roseville Short Sales: How To Look At A Short Sale From The Lender’s Perspective is provided as a courtesy to our viewers to help them make informed decisions.