Plantation FL – What a relief! You can now short sale your home and not feel like a loser. In fact, it’s becoming the “cool” thing to do.

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

I recently read an article about how Medicare was costing way more than the government had projected it would cost. The article stated that there were several stages of how these programs work.

First, people who are eligible have to be told about the program. They join and the program might meet close to its projected costs. Then, all the people eligible for the program join.

After a little while people who aren’t eligible for the program feel like suckers for not getting the free benefits. They jump in. The program starts to cost more than originally projected.

Politicians see the popularity of the program and expand the eligibility. Even more people jump on board. Something similar is happening in short sales and loan modifications.

The sucker stage has kicked in. It’s now considered a smart financial decision to short sale your house. No one is ashamed of it anymore. I don’t think they should be ashamed.

After all, the American Taxpayers are the ones who bailed out the banks. We are the ones bailing out Fannie Mae & Freddie Mac.

Unfortunately, each of us will pay a bunch of money into those failed entities, whether we want to or not. We might as well get some of our money back. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at mapshortsales@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 800-766-7613 Ext 101

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

Thinking about a loan modification? Our Plantation 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, Manny Allende.

Manny is a Real Estate Agent at All Star Realty, Inc. Plantation Short Sales Realtor:

Phone: 800-766-7613 Ext 101. mapshortsales@gmail.com.

“Making A Difference in the Community One Homeowner at a Time”

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

Manny Allende specializes in loan modification assistance and short sales in Plantation Florida. Plantation Loan Modification Help, Broward County Short Sales. Plantation Short Sale Realtor. Plantation FL Short Sales. Plantation Realtor.

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

Important Notice

Manny Allende, All Star Realty, Inc, 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 Manny’s personal views and do not reflect the views of All Star Realty, Inc.

This information on Plantation Short Sales: Why It’s Not Embarrassing To Short Sale Your Home Anymore is provided as a courtesy to our viewers to help them make informed decisions.

Plantation FL – In a recent blog posts, I discussed how banks throw out a short sale file if it is rejected. When an offer comes in on a short sale, it takes 30-60 days for a person at the bank to look at the offer.

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

Then, that person orders an appraisal on the property. After that appraisal comes back, the bank employee reviews the property value and the home seller’s personal financial situation.

Based on that, they approve or deny the short sale offer. They do this to avoid approving short sales when either a homeowner can still afford the house or the house is selling for under the appraised value.

What do they do if the short sale offer is rejected? Well, they tell the buyer to hit the road and close the file. Everything gets thrown out. The appraisal is thrown out. And all the time that employee spent looking at the seller’s finances is thrown out.

So, each buyer has to wait 60-90 days for an answer on their short sale. If that buyer’s offer doesn’t work, then all that paperwork is thrown out and the property is put back on the market.

(Yes, some banks are pre-approving short sales before they come on the market. But, that is the exception, not the rule. Most banks are not pre-approving short sales.)

The home is marketed and then the next buyer has to go thru the process all over again. So, why does this matter to you?

A short sale helps you avoid the bad mark a foreclosure puts on your credit for the rest of your life. On any future loan application you will have to put “yes” next to the question “Have you ever lost a home to foreclosure?”

So even though the foreclosure goes off your credit in 7 years that question stays with you for the rest of your life. That is why most people prefer a short sale.

Your agent is going to have to be persistent in order to give you a better chance at a successful short sale. A competent, experienced short sale realtor that can successfully navigate the system.

They can convince your lender that it is in their best interest to accept the short sale offer. They can also convince them to pre-approve the short sale at a set price.

This gives you a better chance at avoiding foreclosure. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at mapshortsales@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 800-766-7613 Ext 101

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

Thinking about a loan modification? Our Plantation 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, Manny Allende.

Manny is a Real Estate Agent at All Star Realty, Inc. Plantation Short Sales Realtor:

Phone: 800-766-7613 Ext 101. mapshortsales@gmail.com.

“Making A Difference in the Community One Homeowner at a Time”

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

Manny Allende specializes in loan modification assistance and short sales in Plantation Florida. Plantation Loan Modification Help, Broward County Short Sales. Plantation Short Sale Realtor. Plantation FL Short Sales. Plantation Realtor.

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

Important Notice

Manny Allende, All Star Realty, Inc, 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 Manny’s personal views and do not reflect the views of All Star Realty, Inc.

This information on Plantation Short Sales: Why Persistence Is So Important In Success At Short Sales is provided as a courtesy to our viewers to help them make informed decisions.

Plantation FL – We received an email from another agent named Mark that shows how the flawed short sale process causes banks to lose thousands.

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

Here is the email from Mark. “I have been working on a Short Sale for almost a year now. The abandoned Home was listed at $103,000 in the beginning.

The price was unrealistic for a virtual tear-down built in 1860. It will take 3 semi trailers to haul off the asbestos alone. We received several offers for $85,000 and $89,000 from the city.

They wanted to buy the 2 acre property to expand the city park. The asking price is now $69,000 and we have had multiple offers.

However the bank keeps on declining these offers because they don’t feel that they are close to the value of the home.

The bank hasn’t done an appraisal and probably has no idea of the true value other than the supporting evidence I have provided to them. Mark.”

As you can see, the bank has lost $15,000 to $20,000 by turning down the previous offers. This kind of stuff happens every day.

The moral of the story is that you need to hire a competent, experienced short sale realtor that can successfully navigate the system.

That is the key to a successful short sale and avoiding the mark of a foreclosure on your credit. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at mapshortsales@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 800-766-7613 Ext 101

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

Thinking about a loan modification? Our Plantation 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, Manny Allende.

Manny is a Real Estate Agent at All Star Realty, Inc. Plantation Short Sales Realtor:

Phone: 800-766-7613 Ext 101. mapshortsales@gmail.com.

“Making A Difference in the Community One Homeowner at a Time”

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

Manny Allende specializes in loan modification assistance and short sales in Plantation Florida. Plantation Loan Modification Help, Broward County Short Sales. Plantation Short Sale Realtor. Plantation FL Short Sales. Plantation Realtor.

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

Important Notice

Manny Allende, All Star Realty, Inc, 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 Manny’s personal views and do not reflect the views of All Star Realty, Inc.

This information on Plantation Short Sales: More Examples of Stupid Things Banks Do On Short Sales is provided as a courtesy to our viewers to help them make informed decisions.

Plantation FL – I have something shocking to tell you. Bankers are not as smart as you or I think they are. You know the “perfect banker” that we meet in public.

The person has never missed a payment, never been late, and has always had a bunch of savings in the bank. They sneeringly look down on normal Americans that haven’t saved their money like Scrooge Chuck.

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

Here is the sad truth. Although they think that they are so smart with money, they actually are not. And today I’ll show you one example why.

Let’s look at how 90% of the banks handle the short sale process. When an offer comes in on a short sale, it takes 30-60 days for a person at the bank to look at the offer.

Then, that person orders an appraisal on the property. After that appraisal comes back, the bank employee reviews the property value and the home seller’s personal financial situation.

Based on that, they approve or deny the short sale offer. They do this to avoid approving short sales when either a homeowner can still afford the house or the house is selling too low. Seems like a smart way to do things, right?

Here comes the stupid part. What do they do if the short sale offer is rejected? Well, they tell the buyer to hit the road and close the file. Everything gets thrown out. The appraisal is thrown out. And all the time that employee spent looking at the seller’s finances is thrown out.

Which means that they have to do all of that work again when a new short sale offer comes in. What’s worse is that it causes the banks to lose millions of dollars.

As an example, an agent I know told me about a short sale property he handled. “The first offer for $275,000 was rejected by the bank. Several more offers were rejected over the next year.

The housing market continued to decline. Finally almost 2 years later they accepted an offer for $235,000. Yes, they lost $40,000 because of the flawed short sale process.

That’s a pretty dumb way to handle things, isn’t it? And yet, most bankers sneeringly think they are responsible with money! It’s crazy, isn’t it?

As you can see, the key is a successful short sale and avoiding the mark of a foreclosure on your credit. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at mapshortsales@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 800-766-7613 Ext 101

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

Thinking about a loan modification? Our Plantation 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, Manny Allende.

Manny is a Real Estate Agent at All Star Realty, Inc. Plantation Short Sales Realtor:

Phone: 800-766-7613 Ext 101. mapshortsales@gmail.com.

“Making A Difference in the Community One Homeowner at a Time”

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

Manny Allende specializes in loan modification assistance and short sales in Plantation Florida. Plantation Loan Modification Help, Broward County Short Sales. Plantation Short Sale Realtor. Plantation FL Short Sales. Plantation Realtor.

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

Important Notice

Manny Allende, All Star Realty, Inc, 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 Manny’s personal views and do not reflect the views of All Star Realty, Inc.

This information on Plantation Short Sales: Some of the Stupid Things Banks Do On Short Sales is provided as a courtesy to our viewers to help them make informed decisions.

Plantation FL – In 2010, an agent I know talked to the person at Bank of America in charge of the Loss Mitigation Department.

He was the top manager in the department that handles short sales, loan modifications, and foreclosures. He contacted this agent because agents were banding together to educate the public on the mistakes he thought that Bank of America was making.

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

Today, almost 2 years later, Bank of America is starting to make a few, small changes to the short sale process. This agent recommended small changes to how Bank of America handled the short sale process.

He recommended several changes that would be easy to implement. But, it still took almost 2 years for them to implement those small changes. Why?

We think it was because Bank of America has been in crisis mode since the beginning of 2009. It’s hard to make proactive changes when you are putting out fires every day.

Will Bank of America ever recover? Will they ever fix the processes they use to handle loan modifications and short sales?

Well, at the slow rate they are going it will be a while before we see any progress. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at mapshortsales@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 800-766-7613 Ext 101

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

Thinking about a loan modification? Our Plantation 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, Manny Allende.

Manny is a Real Estate Agent at All Star Realty, Inc. Plantation Short Sales Realtor:

Phone: 800-766-7613 Ext 101. mapshortsales@gmail.com.

“Making A Difference in the Community One Homeowner at a Time”

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

Manny Allende specializes in loan modification assistance and short sales in Plantation Florida. Plantation Loan Modification Help, Broward County Short Sales. Plantation Short Sale Realtor. Plantation FL Short Sales. Plantation Realtor.

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

Important Notice

Manny Allende, All Star Realty, Inc, 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 Manny’s personal views and do not reflect the views of All Star Realty, Inc.

This information on Plantation Short Sales: Bank of America Still Has Huge Problems is provided as a courtesy to our viewers to help them make informed decisions.

Plantation FL – The National Consumer Law Center wrote a White Paper on how banks handle loan modifications, short sales and foreclosures.

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

They titles their White Paper “Why Servicers Foreclose When They Should Modify and Other Puzzles of Servicer Behavior.” Check out the White Paper at this link: http://www.nclc.org/images/pdf/pr-reports/report-servicers-modify.pdf.

The “servicer” they are referring to is a bank that is handling a mortgage for another entity.

As an example, around 80% of all of Bank of America’s mortgages are not owned by Bank of America. Instead, they are owned by another entity like Fannie Mae or a hedge fund.

Bank of America is simply handling the accounting, tax filings, and the foreclosure and collections process. The Consumer Law Center thought it was “puzzling” that servicers preferred foreclosure over loan modification.

The reason that the servicers prefer it is because it is less work and they make more money in the process. But, I don’t think it is puzzling. Why not?

Because there is almost zero accountability! The owners of these mortgages never check in on the process. They don’t know that a servicer denied a short sale offer for $385,000, only to see the property sell for $230,000 as a foreclosure.

Because they are not checking on things Uncle Sam and the owners of these loans are seeing huge, unnecessary losses. Pretty sad, isn’t it? Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at mapshortsales@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 800-766-7613 Ext 101

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

Thinking about a loan modification? Our Plantation 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, Manny Allende.

Manny is a Real Estate Agent at All Star Realty, Inc. Plantation Short Sales Realtor:

Phone: 800-766-7613 Ext 101. mapshortsales@gmail.com.

“Making A Difference in the Community One Homeowner at a Time”

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

Manny Allende specializes in loan modification assistance and short sales in Plantation Florida. Plantation Loan Modification Help, Broward County Short Sales. Plantation Short Sale Realtor. Plantation FL Short Sales. Plantation Realtor.

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

Important Notice

Manny Allende, All Star Realty, Inc, 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 Manny’s personal views and do not reflect the views of All Star Realty, Inc.

This information on Plantation Short Sales: Why The Lack of Accountability Has Hurt The Housing Market & US Economy is provided as a courtesy to our viewers to help them make informed decisions.

Plantation FL – Short sales often get multiple offers from different buyers. Which offer should you accept over the others?

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

Most people would assume that you would automatically pick the offer with the highest price. However, this isn’t always a good idea.

The offer with the highest price may have the shakiest financing. Most short sale lender issue a deadline when they approve a short sale. They state that their approval is only good for 30 days.

After 30 days, then they short sale has to be re-negotiated from scratch. That only causes the process to drag out another 2-6 months. So, you want to make sure the buyer’s offer is strong and that their financing is approved.

In this case, a little lower price might be worth considering versus a higher price with an unqualified buyer. Another thing to consider is repairs. Some short sales need repairs before they can be financed.

Most loan programs are for homes in good condition. If your home needs repairs, then most of the buyers won’t get approved for a loan until those repairs are completed. But, not every buyer has lots of cash on hand to make repairs.

Ask your agent for advice on which offer to accept. The offer with the highest price and best qualifications is the one you should pick. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at mapshortsales@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 800-766-7613 Ext 101

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

Thinking about a loan modification? Our Plantation 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, Manny Allende.

Manny is a Real Estate Agent at All Star Realty, Inc. Plantation Short Sales Realtor:

Phone: 800-766-7613 Ext 101. mapshortsales@gmail.com.

“Making A Difference in the Community One Homeowner at a Time”

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

Manny Allende specializes in loan modification assistance and short sales in Plantation Florida. Plantation Loan Modification Help, Broward County Short Sales. Plantation Short Sale Realtor. Plantation FL Short Sales. Plantation Realtor.

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

Important Notice

Manny Allende, All Star Realty, Inc, 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 Manny’s personal views and do not reflect the views of All Star Realty, Inc.

This information on Plantation Short Sales: What To Look For In A Buyer’s Offer is provided as a courtesy to our viewers to help them make informed decisions.

Plantation FL – In many cases, short selling your home and then renting or buying it back is considered mortgage fraud. Because loan modifications are so difficult many homeowners are considering selling their home and then renting it from the new owner.

Many homeowners look at this as the best way to get their loan balance reduced.

“I owe 400k, my house is worth 200k, and the bank won’t reduce the amount I owe on a loan modification. I’ll just sell the home to my friend, rent it from him, and then but it back in 2-3 years after I fix my credit”, they think to themselves.

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

The Bankers are afraid that if this is allowed, then everyone will want to short sale their house and then rent it from the new owner. To discourage this, some banks are now forcing everyone involved to sign affidavits before they will approve the short sale.

The affidavit says something similar to the following: “There is no agreement, oral or written, between the seller and buyer which allows the sellers to remain in the property as tenants or to regain ownership of the property at any time after the property sells.”

The bottom line is that the banks don’t like short sale leasebacks. If they find out after closing, then you could face criminal prosecution. How exactly?

Well, have you read your entire 18 page mortgage from front to back? Have you read the entire short sale approval letter and all the other short sale documentation? A clause could be anywhere in the paperwork and cause you lots of issues down the road.

So, are short sale leasebacks illegal? I don’t know for sure. I definitely would not do it if I had to sign an affidavit like the one above. If there is nothing like that, then talk to a competent attorney first.

But, even a good lawyer can’t guarantee you won’t face future legal and/or criminal problems. They can only give you their opinion. Many attorneys have different opinions on a legal subject.

The only person’s opinion that matters is a judge who makes the decision on the case. If you are considering a short sale leaseback, then I would simply recommend short selling and renting another home until you can buy again.

It’s just simpler and you will sleep better at night. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at mapshortsales@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 800-766-7613 Ext 101

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

Thinking about a loan modification? Our Plantation 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, Manny Allende.

Manny is a Real Estate Agent at All Star Realty, Inc. Plantation Short Sales Realtor:

Phone: 800-766-7613 Ext 101. mapshortsales@gmail.com.

“Making A Difference in the Community One Homeowner at a Time”

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

Manny Allende specializes in loan modification assistance and short sales in Plantation Florida. Plantation Loan Modification Help, Broward County Short Sales. Plantation Short Sale Realtor. Plantation FL Short Sales. Plantation Realtor.

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

Important Notice

Manny Allende, All Star Realty, Inc, 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 Manny’s personal views and do not reflect the views of All Star Realty, Inc.

This information on Plantation Short Sales: Is Renting or Buying Back a Short Sale Mortgage Fraud? is provided as a courtesy to our viewers to help them make informed decisions.

Plantation FL – It is not a lot of fun to write a hardship letter. In fact, it can be depressing. Many people may not know how bad their lives have become until they reach a point of writing a hardship letter.

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

Sometimes seeing all those awful things in writing is startling and some people start crying. However, do not turn and start talking about how your life will improve.

Do “NOT” share your hopes and dreams for the future with the bank. It’s none of the bank’s business.

If there is hope on the horizon, if there is a chance for recovery and for you to become whole again, then the bank will not hesitate to grab a knife and plunge it into your heart.

If your bank senses anything that shows that you might have the financial means at some point in the future to repay part of that debt, then the bank will jump on it like hot fudge on a sundae.

The bank doesn’t care about you or protecting your precious credit rating. So do everything you can to clue them into the harsh reality of your situation. Let them know that you have thought of bankruptcy.

Most people think of bankruptcy for just a second and then try to shove the thought into the back of their head. But, let your bank know that you have thought about bankruptcy.

After all there is nothing that scares them more than bankruptcy. They know it allows you to walk away from your debt. It also makes them much more willing to negotiate with you. If you are on the brink of bankruptcy, then you’ve got a story the bank can listen to.

Do not be afraid to be truthful and tell that story. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at mapshortsales@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 800-766-7613 Ext 101

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

Thinking about a loan modification? Our Plantation 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, Manny Allende.

Manny is a Real Estate Agent at All Star Realty, Inc. Plantation Short Sales Realtor:

Phone: 800-766-7613 Ext 101. mapshortsales@gmail.com.

“Making A Difference in the Community One Homeowner at a Time”

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

Manny Allende specializes in loan modification assistance and short sales in Plantation Florida. Plantation Loan Modification Help, Broward County Short Sales. Plantation Short Sale Realtor. Plantation FL Short Sales. Plantation Realtor.

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

Important Notice

Manny Allende, All Star Realty, Inc, 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 Manny’s personal views and do not reflect the views of All Star Realty, Inc.

This information on Plantation Short Sales: Don’t Be Afraid To Tell The Truth In Your Hardship Letter is provided as a courtesy to our viewers to help them make informed decisions.

Plantation FL – Many people think a hardship is mainly based on financial matters and that is not necessarily the case.

Anything that makes it difficult for you to keep making a mortgage payments might qualify to be a hardship.

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

One thing that the bank doesn’t want to see is a homeowner who seems to be looking for a way out simply because the home is not worth the amount the owner paid for it.

Being upside-down is one of the qualifications for a short sale but a bank may not grant a short sale solely on that basis.

If your life looks unchanged since you took the loan, the bank might say you can afford to stay in your home at your present payment level. If your situation has changed, here are some examples that may qualify for a hardship:

1. Unemployment.

2. Reduced income. Furloughs, a new job, a partner’s loss of a job, or a pay cut are examples.

3. Illness or medical emergency.

4. A Job transfer. (voluntary or involuntary)

5. Divorce, separation or marital difficulties.

6. Exotic mortgage terms (an adjustable-rate loan that adjusts and you cannot afford the new payment.)

7. Military service.

8. Death in the family.

9. Incarceration.

10. Increased expenses and excessive debt.

11. Unexpected repairs or home maintenance.

Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at mapshortsales@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 800-766-7613 Ext 101

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

Thinking about a loan modification? Our Plantation 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, Manny Allende.

Manny is a Real Estate Agent at All Star Realty, Inc. Plantation Short Sales Realtor:

Phone: 800-766-7613 Ext 101. mapshortsales@gmail.com.

“Making A Difference in the Community One Homeowner at a Time”

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

Manny Allende specializes in loan modification assistance and short sales in Plantation Florida. Plantation Loan Modification Help, Broward County Short Sales. Plantation Short Sale Realtor. Plantation FL Short Sales. Plantation Realtor.

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

Important Notice

Manny Allende, All Star Realty, Inc, 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 Manny’s personal views and do not reflect the views of All Star Realty, Inc.

This information on What Constitutes A Hardship On A Plantation Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.