Short Sale Success Story: Over $98,000 Written Off!

I recently completed a short sale negotiation for Todd and Valerie Hall In Taylor Michigan. Watch the video above to hear what they have to say in their own words and feel free to read some of the kind words they shared with me below. Over the past few years ...

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Getting a Discount on Your Second Mortgage Part 2

Part 2 in our video series outlining how would can take steps to buy back your second mortgage for significantly less than when you currently owe.

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Getting a Discount on Your Second Mortgage Part 1

How would you like to be able to buy back your second mortgage for significantly less than when you took out the loan? In our previous episode of the short sale show we talked about why it may not make sense to continue paying on your second mortgage if you cannot ...

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Should You REALLY Keep Paying On Your Second Mortgage?

Are you consumed with a desire to stay in your home? Are you shackled with two mortgages, the combined payments of which are simply not withing the affordable range anymore? In this video I talk about how, if you care more about your home than your credit, you can get ...

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Short Sale or Loan Modification?

While searching for short sale news the other day I ran across a good blog post by Jim Klinge. He was replying in detail to one of his readers who was struggling trying arrange a short sale or a loan modification. Jim brought up a number of valid points, ...

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Short Sale Success Story of Injured X-Ray Technician

Lori felt trapped by a tumbling real estate market that brought the value of her home lower than what was owed and a medical condition that cut her income in half. Over the course of 6 weeks, we worked around all these obstacles to overcome this serious problem. When all was ...

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What Happens With the Short Sale Deficiency Balance? Part 3

Here we wrap up our 3-part series outlining the major points concerning a short sale deficiency balance and what you need to be thinking about when faced with one. It's important that you do watch all 3 videos if you are going into a short sale situation because the deficiency balance ...

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What Happens With the Short Sale Deficiency Balance? Part 2

A short sale on your home will result in a deficiency balance and is often handled in one of three ways as outlined in the previous episode of this show. While your lender can, and often will, put in writing that upon completion of the short sale and them receiving the ...

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What Happens With the Short Sale Deficiency Balance? Part 1

Short Sales always result in a some type of deficiency balance. After all, if you owe $250k on your home and the lender chooses to take a short sale that returns to them only $115k then a $135k deficiency is created. How that deficiency is handled is probably the most ...

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Can Your Rent Your House Back After a Short Sale?

I am constantly coming in contact with troubled homeowners that are looking for the solution to their unaffordable, over leveraged home. While a short sale is often the best solution (sometimes the only solution)I find that most have a strong burning desire to "save the home" and will often ...

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Short Sale News...

(AFX UK Focus) 2010-03-09 22:27 UPDATE 1-U.S. SEC quells short sale prohibiti... WASHINGTON, March 9 (Reuters) - U.S. securities regulators are not considering short sale restric...

How to Buy a Short Sale - Texas Short Sales One of the hottest topics in the Real Estate industry right now is the short sale. Learning how t...

California one step closer to exempt short sales from tax Yesterday California’s Assembly voted to advance a tax bill meant to exempt homeowners who lose t...

Arms-Length Affidavit Definition of an arms-length affidavit and why a short sale seller can't sell a home to a relativ...

Some differences explained between short sale, foreclosure (The Wickenburg Sun) In our market today it’s hard to understand all the different terminology for homes being sold. W...

Obama Short Sale Plan Avoids Foreclosure with Less Debt ... A new initiative by the Obama Administration in its slow-moving and often-criticized foreclosure ...

Short Sale Taxes? Is your short sale coming back to haunt you? There was a story tonight on the Consumer Watch segment of www.CBS5.com news.  (Link to Short Sel...

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