Highlands, Cashiers, Sapphire & Glenville Short Sales: Why do some buyer’s offers get accepted while others are declined?

August 14, 2011
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Highlands, Cashiers, Sapphire & Glenville NC – The Stop Foreclosure Institute recently received a question from Jonathan. Here was his question.

“I am looking to buy a short sale. The seller wouldn’t accept my offer. My agent told me it was because the short sale lender has told them they wouldn’t accept the offer.

I am a cash buyer and can’t understand why they wouldn’t take my offer. Why do some buyer’s offers get accepted while others are declined? Jonathan.”

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

Here is the answer to his question. Usually the offer that is accepted is the one that is offering the highest sales price.

Sure banks and short sale lenders like cash offers. But, that is only everything else is the same. They won’t accept a cash offer when it is lower than other offers on the table.

Here is an example. A normal homeowner is selling their house. It is worth $400,000 and he is asking $400,000 for the home.

A buyer offers $350,000 cash. “You should accept my offer because it is cash”, the buyer says. Meanwhile another buyer offers $400,000 and they have already been approved for a loan.

If you were that seller, what would you do? Would you take a little risk to make an extra $50,000? Most people would. In fact, there isn’t much risk because the buyer has already been approved for a loan.

Yes, cash does matter. But, these banks want to reduce their losses as much as possible. They are already losing tens and hundreds of thousands on a short sale.

They own these homes cash. They don’t have to get their money out right away. They like cash offers, but they like to reduce their losses even more.

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 michaud@dnet.net. 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 828-526-1717.

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

Thinking about a loan modification? Our Highlands, Cashiers, Sapphire & Glenville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Judy Michaud.

Judy is a Real Estate Agent at Meadows Mountain Realty. Highlands, Cashiers, Sapphire & Glenville Short Sales Realtor:

Phone: 828.526.1717 or email me at michaud@dnet.net.

View My homes for sale at www.meadowsmtnrealty.com.

Judy Michaud specializes in loan modification assistance and short sales in Highlands, Cashiers, Sapphire & Glenville North Carolina. Highlands, Cashiers, Sapphire & Glenville Loan Modification Help, Highlands, Cashiers, Sapphire & Glenville Short Sales. Highlands, Cashiers, Sapphire & Glenville NC Short Sales. Highlands, Cashiers, Sapphire & Glenville Realtor.

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

Important Notice

Judy Michaud, Meadows Mountain 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 Judy’s personal views and do not reflect the views of Meadows Mountain Realty.

This information on Highlands, Cashiers, Sapphire & Glenville Short Sales: Why do some buyer’s offers get accepted while others are declined? is provided as a courtesy to our viewers to help them make informed decisions.

Why Do Highlands, Cashiers, Sapphire & Glenville Short Sales Fail?

August 13, 2011
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Highlands, Cashiers, Sapphire & Glenville NC – The Stop Foreclosure Institute recently received a question from James. Here was his question.

“I’ve heard that there is a 70% failure rate on short sales. Is that true? If so, then why do so many short sales fail? James”

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

Here is the answer to his question. Yes, a lot of short sales do fail. However, those statistics are for individual short sale offers submitted to lenders. If the first offer on a short sale is turned down, then another offer is usually submitted.

On each individual house being sold, the failure rate is much lower. Here are the reasons that many short sales do fail.

Reason #1: The sales price is lower than the lender wants. The lender thinks the house is worth X, but the sales price is $30,000 lower than X.

The lenders are not always getting good information on the property values. In my opinion, their valuation method is flawed.

There is a serious conflict of interest in the way lenders obtain their property value. But, the lenders don’t really care to fix it.

Reason #2: The tenant doesn’t want the home to be showed. Many short sales are rental properties. However, the tenant doesn’t want the home to be shown to buyers.

Why not? Well, if the house sells then they will have to move out and find another place. They are comfortable where they are at and they don’t want to move.

This is why a home that is rented is much harder to short sell than a vacant 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 michaud@dnet.net. 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 828-526-1717.

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

Thinking about a loan modification? Our Highlands, Cashiers, Sapphire & Glenville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Judy Michaud.

Judy is a Real Estate Agent at Meadows Mountain Realty. Highlands, Cashiers, Sapphire & Glenville Short Sales Realtor:

Phone: 828.526.1717 michaud@dnet.net.

View My homes for sale at www.meadowsmtnrealty.com.

Judy Michaud specializes in loan modification assistance and short sales in Highlands, Cashiers, Sapphire & Glenville North Carolina. Highlands, Cashiers, Sapphire & Glenville Loan Modification Help, Highlands, Cashiers, Sapphire & Glenville Short Sales. Highlands, Cashiers, Sapphire & Glenville NC Short Sales. Highlands, Cashiers, Sapphire & Glenville Realtor.

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

Important Notice

Judy Michaud, Meadows Mountain 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 Judy’s personal views and do not reflect the views of Meadows Mountain Realty.

This information on Why Do Highlands, Cashiers, Sapphire & Glenville Short Sales Fail? is provided as a courtesy to our viewers to help them make informed decisions.

Another Highlands, Cashiers, Sapphire & Glenville Short Sale Myth: Lenders Are Dragging Their Feet On Short Sales And Waiting On A Bailout

August 12, 2011
Comments 0

Highlands, Cashiers, Sapphire & Glenville NC – The Stop Foreclosure Institute recently received a question from Josh. Here was his question.

“I heard that a short sale reduces a lender’s losses by 20% compared to a foreclosure. You would think that would make them excited to work on my short sale. But, they are dragging their feet.

My lender isn’t that excited to work on my short sale. I think they are waiting for another bailout. Do you think that is true? Josh.”

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

Here is the answer to his question and some insight into what is really happening at the lenders. I think at the beginning of the recession the lenders were waiting for a bailout.

But, after that the real slowdown was that they are simply understaffed. In 2007 very few people were short selling their house.

The lenders didn’t need a lot of people to process the few short sales. Fast forward 2 years. Short sale volume probably multiplied by ten times or more.

But, it takes time to hire and train more staff. Short sales aren’t simple. There are lots of guidelines and laws regulating them. A new staff person can’t just show up and start processing files tomorrow.

More than anything else this has slowed down the short sale process. So, do the lenders like short sales? The CEO does because it cuts the lender’s losses.

But, the employee who has watched his file law quadruple probably doesn’t like short sales. He is having a hard time coping with the extra workload.

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 michaud@dnet.net. 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 828-526-1717

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

Thinking about a loan modification? Our Highlands, Cashiers, Sapphire & Glenville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Judy Michaud.

Judy is a Real Estate Agent at Meadows Mountain Realty. Highlands, Cashiers, Sapphire & Glenville Short Sales Realtor:

Phone: 828.526.1717. or email me at michaud@dnet.net.

View My homes for sale at www.meadowsmtnrealty.com.

Judy Michaud specializes in loan modification assistance and short sales in Highlands, Cashiers, Sapphire & Glenville North Carolina. Highlands, Cashiers, Sapphire & Glenville Loan Modification Help, Highlands, Cashiers, Sapphire & Glenville Short Sales. Highlands, Cashiers, Sapphire & Glenville NC Short Sales. Highlands, Cashiers, Sapphire & Glenville Realtor.

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

Important Notice

Judy Michaud, Meadows Mountain 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 Judy’s personal views and do not reflect the views of Meadows Mountain Realty.

This information on Another Highlands, Cashiers, Sapphire & Glenville Short Sale Myth: Lenders Are Dragging Their Feet On Short Sales And Waiting On A Bailout is provided as a courtesy to our viewers to help them make informed decisions.

A Common Highlands, Cashiers, Sapphire & Glenville Short Sale Myth: Short Sales Are Adversarial

August 11, 2011
Comments 0

Highlands, Cashiers, Sapphire & Glenville NC – Many people mistakenly think that a short sale is adversarial. “I will fight that banker and convince them to let me short sale and walk away from the upside down debt”, they think to themselves.

That is not how short sales actually work. Most negotiations are not adversarial. In fact, most short sale negotiators are just normal people.

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

They go to work each day and go thru their files. There is a lot of paperwork and reports that have to be filed. Most of them don’t get out of bed looking forward to a tough negotiation.

They simply have to process their file in accordance with the guidelines. The banks have budgeted money to write down mortgages on short sales.

The CEO (or someone similar) at the bank sits down and talks about the loans in default. We have X number of loans in default and we can expect to lose X percentage on each loan.

That means that I have to set aside 10 Million Dollars to cover the projected losses on those loans. He will then give the person managing the short sales guidelines.

Those guidelines will be used to keep the losses at 10 Million Dollars or less. This is why short sale negotiations are no adversarial. They banks already know they are losing money.

They have resigned themselves to losing it. Now they just have to go thru the process and minimize the losses as much as possible.

They know that a short sale reduces losses by an average of 20% compared to a foreclosure. That makes them eager to negotiate a short sale with you.

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 michaud@dnet.net. 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 828-526-1717.

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

Thinking about a loan modification? Our Highlands, Cashiers, Sapphire & Glenville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Judy Michaud.

Judy is a Real Estate Agent at Meadows Mountain Realty. Highlands, Cashiers, Sapphire & Glenville Short Sales Realtor:

Phone: 828.526.1717 or email me at michaud@dnet.net.

View My homes for sale at www.meadowsmtnrealty.com.

Judy Michaud specializes in loan modification assistance and short sales in Highlands, Cashiers, Sapphire & Glenville North Carolina. Highlands, Cashiers, Sapphire & Glenville Loan Modification Help, Highlands, Cashiers, Sapphire & Glenville Short Sales. Highlands, Cashiers, Sapphire & Glenville NC Short Sales. Highlands, Cashiers, Sapphire & Glenville Realtor.

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

Important Notice

Judy Michaud, Meadows Mountain 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 Judy’s personal views and do not reflect the views of Meadows Mountain Realty.

This information on A Common Highlands, Cashiers, Sapphire & Glenville Short Sale Myth: Short Sales Are Adversarial is provided as a courtesy to our viewers to help them make informed decisions.

Common Highlands, Cashiers, Sapphire & Glenville Short Sale Myth: Selling My House As A Short Sale Is An Embarrassment

August 10, 2011
Comments 0

Highlands, Cashiers, Sapphire & Glenville NC – You might think it is an embarrassment to sell your home as a short sale. “My friends will laugh at me when they realize that I owe more on my house than it is worth”, some people think.

The reality is that many Americans are in your same position. In fact, some experts think that over a quarter of all homeowners are upside down.

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

In fact, this statistic is even worse in areas where the housing market has taken a big drop. You have nothing to be embarrassed of. On the contrary, you should be proud that you are handling your affairs in a responsible manner.

Short Sales usually reduce your lender’s losses by 20%. This means you are actually doing your part to help the housing market and economy.

You are doing your part to stop the decline in the housing market. Your neighbor who opts to let their bank foreclose is hurting the housing market.

This is because bank owned properties usually sell for less than a short sale. We have seen this first hand. A Short Sale sells for $400,000 and then a similar bank owned home sells for $300,000.

This is because banks don’t maintain the homes they sell and buyers know they can get a bargain.

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 michaud@dnet.net. 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 828-526-1717.

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

Thinking about a loan modification? Our Highlands, Cashiers, Sapphire & Glenville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Judy Michaud.

Judy is a Real Estate Agent at Meadows Mountain Realty. Highlands, Cashiers, Sapphire & Glenville Short Sales Realtor:

Phone: 828-526-1717 or email me at michaud@dnet.net.

View My homes for sale at www.meadowsmtnrealty.com.

Judy Michaud specializes in loan modification assistance and short sales in Highlands, Cashiers, Sapphire & Glenville North Carolina. Highlands, Cashiers, Sapphire & Glenville Loan Modification Help, Highlands, Cashiers, Sapphire & Glenville Short Sales. Highlands, Cashiers, Sapphire & Glenville NC Short Sales. Highlands, Cashiers, Sapphire & Glenville Realtor.

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

Important Notice

Judy Michaud, Meadows Mountain 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 Judy’s personal views and do not reflect the views of Meadows Mountain Realty.

This information on Common Highlands, Cashiers, Sapphire & Glenville Short Sale Myth: Selling My House As A Short Sale Is An Embarrassment is provided as a courtesy to our viewers to help them make informed decisions

A Common Highlands, Cashiers, Sapphire & Glenville Short Sale Case Mistake: Waiting Too Long To Put your Home On The Market

July 23, 2011
Comments 0


Highlands, Cashiers, Sapphire & Glenville NC – Many homeowners think they have lots of time. “We’ll put out home up for sale in a few months. I know the bank is working to foreclose on it, but we can wait”, they say to themselves.

In order to have a successful short sale, then your agent will need time to submit everything to the lender and for them to process it.

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

In addition, it can take a month or more for your home to sell. Buyers don’t always materialize in 2-3 days. If you are less than a month away from a foreclosure sale date, then we can help you.

But every day after that makes it harder. If you are less than a week away from a foreclosure sale, then it is unlikely we can help you. Your lender will have spent months and thousands of dollars on attorneys to get to that point.

They don’t want to waste all that time for nothing. Are you are working on a loan modification, but have short sale as a backup option?

In that case, you can make the short sale process easier by preparing all your documents ahead of time. If you have all of your financial documents prepared, then submitting the short sale will be quick and easy.

That alone will save a lot of time and make the odds of a successful short sale more likely. 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 michaud@dnet.net. 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 828-526-1717,

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

Thinking about a loan modification? Our Highlands, Cashiers, Sapphire & Glenville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Judy Michaud.

Judy is a Real Estate Agent at Meadows Mountain Realty. Highlands, Cashiers, Sapphire & Glenville Short Sales Realtor:

Phone: 828-526-1717 or email me at michaud@dnet.net.

View My homes for sale at www.meadowsmtnrealty.com.

Judy Michaud specializes in loan modification assistance and short sales in Highlands, Cashiers, Sapphire & Glenville North Carolina. Highlands, Cashiers, Sapphire & Glenville Loan Modification Help, Highlands, Cashiers, Sapphire & Glenville Short Sales. Highlands, Cashiers, Sapphire & Glenville NC Short Sales. Highlands, Cashiers, Sapphire & Glenville Realtor.

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

Important Notice

Judy Michaud, Meadows Mountain 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 Judy’s personal views and do not reflect the views of Meadows Mountain Realty.

This information on A Common Highlands, Cashiers, Sapphire & Glenville Short Sale Case Mistake: Waiting Too Long To Put your Home On The Market is provided as a courtesy to our viewers to help them make informed decisions.

Short Sale Case Study: Homeowner Wipes Out $101,000 In Upside Down Debt

July 22, 2011
Comments 1


Highlands, Cashiers, Sapphire & Glenville NC – Here is a case study of a homeowner that wiped out $101,279 in upside down debt. They built a brand new home at the peak of the market.

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

They were forced to sell for job relocation a few years later. They found themselves upside down, despite that fact that they had put over $50,000 down when they built their home.

They had no choice but to short sell the home. They put it on the market and it sold several months later. At first the lender wanted a promissory note.

But, they refused to accept it. The short sale was declined and the home was put back on the market. A few months later the home sold again.

The short sale was submitted to the lender. The seller’s told the lender that they would not accept a deficiency under any circumstance.

This time the lender approved the short sale with no deficiency or promissory note. According to our calculations the lender lost $101,279.60.

If the home owners had instead waited for the bank to foreclose and then sell the home, then they may have found themselves owing around $120,000 to $140,000.

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 michaud@dnet.net. 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 828-526-1717.

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

Thinking about a loan modification? Our Highlands, Cashiers, Sapphire & Glenville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Judy Michaud.

Judy is a Real Estate Agent at Meadows Mountain Realty. Highlands, Cashiers, Sapphire & Glenville Short Sales Realtor:

Phone: 828.526.1717 or email me at michaud@dnet.net.

View My homes for sale at www.meadowsmtnrealty.com.

Judy Michaud specializes in loan modification assistance and short sales in Highlands, Cashiers, Sapphire & Glenville North Carolina. Highlands, Cashiers, Sapphire & Glenville Loan Modification Help, Highlands, Cashiers, Sapphire & Glenville Short Sales. Highlands, Cashiers, Sapphire & Glenville NC Short Sales. Highlands, Cashiers, Sapphire & Glenville Realtor.

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

Important Notice

Judy Michaud, Meadows Mountain 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 Judy’s personal views and do not reflect the views of Meadows Mountain Realty.

This information on Short Sale Case Study: Homeowner Wipes Out $101,00 In Upside Down Debt is provided as a courtesy to our viewers to help them make informed decisions.

Highlands, Cashiers, Sapphire & Glenville Short Sale Myth: I will have a deficiency no matter what happens

July 21, 2011
Comments 0

Highlands, Cashiers, Sapphire & Glenville NC – Some homeowners looking to short sell their home think that they will have to repay their lender for the entire loss. It’s unfortunate to see them stress out and lose sleep at night wondering how they will repay the debt.

A short sale loss is usually a large bill for the average homeowner. They don’t know how they will come up with that sum of money to repay the lender.

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

The good news is that most homeowners will not have to repay the lender for the loss. Here is why.

Most loans are owned or insured by Uncle Sam. Around 65-70% of all loans are owned by Fannie Mae or Freddie Mac, or insure by FHA or VA.

Uncle Sam’s policy so far has been to allow homeowners experiencing a hardship to walk away from the debt.

This is good news if you have a Fannie Mae, Freddie Mac, FHA ,or VA loan. Contact me and I’ll research if your loan is one of these types.

In many other cases, lenders will simply agree to erase the debt. They know that you can’t squeeze money from someone who is having financial problems.

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 michaud@dnet.net. 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 828.526.1717.

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

Thinking about a loan modification? Our Highlands, Cashiers, Sapphire & Glenville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Judy Michaud.

Judy is a Real Estate Agent at Meadows Mountain Realty. Highlands, Cashiers, Sapphire & Glenville Short Sales Realtor:

Phone: 828.526.1717 or email me at michaud@dnet.net.

View My homes for sale at www.meadowsmtnrealty.com.

Judy Michaud specializes in loan modification assistance and short sales in Highlands, Cashiers, Sapphire & Glenville North Carolina. Highlands, Cashiers, Sapphire & Glenville Loan Modification Help, Highlands, Cashiers, Sapphire & Glenville Short Sales. Highlands, Cashiers, Sapphire & Glenville NC Short Sales. Highlands, Cashiers, Sapphire & Glenville Realtor.

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

Important Notice

Judy Michaud, Meadows Mountain 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 Judy’s personal views and do not reflect the views of Meadows Mountain Realty.

This information on Highlands, Cashiers, Sapphire & Glenville Short Sale Myth: I will have a deficiency no matter what happens is provided as a courtesy to our viewers to help them make informed decisions.

Three Ways To Reduce Your Highlands, Cashiers, Sapphire & Glenville Short Sale Deficiency

July 20, 2011
Comments 0


Highlands, Cashiers, Sapphire & Glenville NC – No one wants a deficiency on a short sale. It’s not your fault the housing market crashed. In fact, some people say that the banks and Wall Street are what caused the crash.

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

Here are four ways that you can reduce the deficiency amount on your short sale.

1. Negotiate with the lender. Many lenders will settle for substantially less than what they are owed. For example, we have seen lenders settle for as low as 10 cents on the dollar.

In one case, the lender lost over $100,000 on a short sale. They settled with the home owner for a $10,000 promissory note to be repaid over 10 years with zero interest.

Lenders will reduce the amount to settle for over time. They know that the longer they go without being paid, then the less likely it is they will ever be repaid at all. They agree to settle because they know that something is better than nothing.

2. Declare Bankruptcy. If your bankruptcy is approved, then you may be able to have all of the debt erased in a Chapter 7 Bankruptcy.

The problem is that not everyone qualifies for bankruptcy. The bankruptcy laws were changed in 2005 and made it much harder for the average American to qualify for bankruptcy. Talk to a bankruptcy lawyer to see if you qualify.

You may not meet the Bankruptcy “Means Test.”

3. Hire a good attorney. Find a good attorney that specializes in defending consumers from collections. Your attorney may be able to find a loophole in the law that makes the debt invalid.

Be careful that you find a lawyer that specializes in this category of the law. You don’t want to pay an attorney to learn on your dime. There are a lot of great lawyers that can help you.

4. Fight the lender’s collections on your own. This is much easier when you genuinely do not have the money to pay. Many people are just scraping by.

Every dime they make is being used towards paying rent, car payments, utilities, and food for your family. Most states will not allow a creditor to take food out of your mouth.

You can check with a good attorney to find out the laws in your state. There are also legal aid non profits that can give you advice on what to do to stop a garnishment or bank account seizure.

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 michaud@dnet.net. 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 828.526.1717.

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

Thinking about a loan modification? Our Highlands, Cashiers, Sapphire & Glenville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Judy Michaud.

Judy is a Real Estate Agent at Meadows Mountain Realty. Highlands, Cashiers, Sapphire & Glenville Short Sales Realtor:

Phone: 828.526.1717 or email me at michaud@dnet.net.

View My homes for sale at www.meadowsmtnrealty.com.

Judy Michaud specializes in loan modification assistance and short sales in Highlands, Cashiers, Sapphire & Glenville North Carolina. Highlands, Cashiers, Sapphire & Glenville Loan Modification Help, Highlands, Cashiers, Sapphire & Glenville Short Sales. Highlands, Cashiers, Sapphire & Glenville NC Short Sales. Highlands, Cashiers, Sapphire & Glenville Realtor.

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

Important Notice

Judy Michaud, Meadows Mountain 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 Judy’s personal views and do not reflect the views of Meadows Mountain Realty.

This information on Three Ways To Reduce Your Highlands, Cashiers, Sapphire & Glenville Short Sale Deficiency is provided as a courtesy to our viewers to help them make informed decisions.

Highlands, Cashiers, Sapphire & Glenville Short Sale Myth: The bank wants a deficiency on the short sale so I can get out of it by letting them foreclose

July 19, 2011
Comments 0


Highlands, Cashiers, Sapphire & Glenville NC – Most people short selling their home do not want to repay the deficiency. And in most cases, the lender allows them to walk away with no deficiency.

But, that is not always the case. Some banks are very pushy when it comes to the deficiency. They won’t approve the short sale unless the borrower accepts a deficiency.

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

Some home sellers have told the Stop Foreclosure Institute that if the lender won’t approve the short sale without a deficiency, then they will simply allow them to foreclose on the property.

This seems like a good strategy on the surface. But, it could end up costing a homeowner even more money in the long run.

That is because the homeowner loses control over the condition of the home when it is on the market. They aren’t able to maintain the home and keep it up.

Most homes that have been foreclosed on are abandoned by the lenders. Sure, they “winterize” the homes. But, they don’t do anything to keep the homes in tip top showing condition.

This causes most bank owned homes to sell for less money. Here is something else that will cause you home to sell for less money. The buyers aren’t willing to pay as much.

Buyers know when a home for sale is bank owned. What do you think pops into them mind when they see that? “I can buy it for a steal”, they think to themselves.

This causes bank owned homes to sell for less. And if it sells for less money, then the bank will come looking for a larger deficiency payment.

This is why a short sale is usually better for you versus letting the bank foreclose and then sell the house.

Thinking about a loan modification?Our Highlands, Cashiers, Sapphire & Glenville loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at michaud@dnet.net 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 michaud@dnet.net. 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 828.526.1717.

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

Thanks for reading this, Judy Michaud.

Judy is a Real Estate Agent at Meadows Mountain Realty. Highlands, Cashiers, Sapphire & Glenville Short Sales Realtor:

Phone: 828.526.1717 or email me at michaud@dnet.net.

View My homes for sale at www.meadowsmtnrealty.com.

Judy Michaud specializes in loan modification assistance and short sales in Highlands, Cashiers, Sapphire & Glenville North Carolina. Highlands, Cashiers, Sapphire & Glenville Loan Modification Help, Highlands, Cashiers, Sapphire & Glenville Short Sales. Highlands, Cashiers, Sapphire & Glenville NC Short Sales. Highlands, Cashiers, Sapphire & Glenville Realtor.

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

Important Notice

Judy Michaud, Meadows Mountain 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 Judy’s personal views and do not reflect the views of Meadows Mountain Realty.

This information on Highlands, Cashiers, Sapphire & Glenville Short Sale Myth: The bank wants a deficiency on the short sale so I can get out of it by letting them foreclose is provided as a courtesy to our viewers to help them make informed decisions.

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