Posts Tagged ‘Loss mitigation’

It seems Loan Servicing companies are pushing their delinquent borrowers to do a Deed-In-Lieu rather than a Short Sale.  This has been cause for speculation among Realtors doing Short Sales.  Why would the banks want to do DIL in a down market (Florida), when a Short Sale now would net them more money and help […]


St. Petersburg FL – I am following up on a question from Arman. His loan was owned by Fannie Mae and the company handling the loan for Fannie Mae was rejecting an excellent Short Sale offer for no reason. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Here […]


St. Petersburg FL – The Stop Foreclosure Institute recently received a question from Arman. Here is his question: I am a Seller trying to avoid foreclosure. My agent has a buyer and his offer is with the lender from last seven months. Now the lender told us that Fannie Mae investor refused the short sale […]


5 Reasons Foreclosure Prevention Is Like Halloween 1.       Tricks I don’t know if kids do this anymore, but I remember part of the fun, the anticipation, of Halloween was coming up with a “Trick” to offer in exchange for candy – a joke, rhyme, hand stand, armpit noise or, if you were desperate, a song.  […]


When Homeowners have financial troubles, the last thing they fall behind on is the mortgage, but the first thing they stop paying is the Association dues. Because of this, many Condo & Homeowner Associations in Florida are squeezed for funds and have become aggressive in pursuing every penny. They now have legal representation, have been successful […]


I almost flipped when I saw this headline!  Finally, the nasty games mortgage servicing companies play are being brought to light.  I’ll bet we see more of these articles and lawsuits.  And I’m willing to wager that this sounds familiar to homeowners: Failing to credit homeowners who submitted their payments on time. Falsely claiming that […]


Inevitably, my clients that are behind on their mortgage payments and possibly facing foreclosure ask me, “What about a loan modification?”  Here’s my answer: Modifications are intended primarily for owner occupants.  Also, attempting a loan modification does not stop the foreclosure process. By the time the property owner finds out the bank won’t cooperate on […]