Plantation FL – I’m writing a series in response to a number of big misconceptions I saw on a personal finance website online.

I don’t know if the personal finance write either didn’t know about short sales and was pretending to be an expert, or they were being fed bad information.

It could have been the latter because there is so much incorrect information about short sales being discussed as though it is fact.

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

The article states that banks accept short sales because foreclosure auctions bring much less money. Most people that read that think that foreclosure auctions usually end horribly for the banks.

After all, not everyone can bid at the foreclosure auctions. Most people hear about how people make a lot of money buying properties at the foreclosure auction.

They read that and think that the properties sell at the foreclosure auction for a big discount. But, that isn’t true. And that’s why this statement isn’t correct.

Yes, banks do prefer a short sale over a foreclosure. And the reason they do is because the home usually sells for more money as a short sale. But, they are not forced to sell the home for a big discount at the foreclosure auctions.

Most foreclosure auctions give them the right to bid all the way up to the amount they are owed. It doesn’t cost them anything to bid all the way up to the amount they are owed. They loaned the money and that is their bid.

All they have to pay are the court fees to conduct the sale and any taxes on the sale. That is why most properties that are foreclosed on are bought by the banks. They put them on the open market.

The goal is to sell the foreclosed property for as much money as possible. This is why most upside down homes sell to the bank at the foreclosure auction. 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 2012 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 A Sixth Common Plantation Short Sale Myth: The Property Cannot Already Be In Foreclosure is provided as a courtesy to our viewers to help them make informed decisions.

Plantation FL – As you can see some of the so called short sale experts online don’t know a lick about short sales. This article was on a finance site.

But, there were almost 300 comments, many from homeowners who were considering a short sale. Now, I don’t pretend to know everything about short sales.

But, I do know that you can short sale your home even if it is in foreclosure. How do I know this? Because I’ve helped homeowners short sell their home. Guess what?

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

Their home was in foreclosure before we started the short sale process. Some people have even short sold their home after it had been foreclosed upon.

Now, I’m sure you are thinking, “But, that can’t be possible. The homeowner doesn’t even own the home anymore. They don’t have the right to sell it!”

This can be done in a state where the homeowner has the “right of redemption.” For example in Alabama, a homeowner has 12 months after foreclosure to “repay the balance due and keep their home.”

The sad reality is that this rarely happens. In today’s world credit is such an important part of getting a loan. If your house has just been foreclosed upon, then you will find it very difficult to get a loan to buy your house back from the bank.

But, these people can short sale their home during the 12 month “right of redemption” period. I know other realtors who work in “right of redemption” states.

They do short sales during the right of redemption process. The banks handle it like any other short sale. 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 2012 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 A Fifth Common Plantation Short Sale Myth: The Property Cannot Already Be In Foreclosure is provided as a courtesy to our viewers to help them make informed decisions.

Plantation FL – This is the fourth inaccuracy I have seen in an article about short sales. I was reading this article online and noted 7-8 big inaccuracies.

You can’t get solid and accurate information on short sales unless you talk to an agent that has sold a few short sales.

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

We have been involved in hundreds of short sale transaction, so we know a little bit about what we are doing. But, that doesn’t mean we know everything. This industry is constantly changing every day.

Anyways, this article said that a lender will not consider a short sale if there are any liens on the property. I know this is not true, because I have sold several short sales with liens on them.

We do short sales with two mortgages all the time. A second mortgage is simply a lien. The key is that the lien holder has to agree to accept what the first mortgage is willing to pay them.

We have even sold short sales that had two liens. The first lender received 120k, the second mortgage received 3k, and the third position “lien” received another 3k.

So much for the assumption that there can be no liens. I think what the author is stating is that a short sale can’t be successful if you have a 50k lien that won’t settle for less than 50k.

The second mortgage was owed around 65k.  However, they agreed to accept 3k. They know that if the property is foreclosed upon, then they would get zero. 3k is better than nothing.

This is one of many short sales we have sold that have had liens and second mortgage on them. Don’t let inaccurate information stop you from short selling your home. 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.

Plantation FL – I am frustrated that people can be perpetuating these kinds of myths online. These experts on financial websites have never sold a short sale.

Some of them are not even licensed realtors. I recently saw an article on a well known financial website. The article falsely claimed that ” A home has to be on the market for at least 90 days before the lender will review the short sale file.

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

Obviously this person has never sold a VA Short Sale, nor reviewed VA Short Sale Guidelines. Not many people know about it, but a lender must give an answer on any short sale file within 45 days.

They must make a decision within 45 days of their receipt of all necessary documents from the home seller. As you can see, the 90 day rule does not apply to VA Short Sales.

We’ve negotiated hundreds of short sales and never seen a lender request the home be marketed for 90 days before they will consider an offer. That is ludicrous!

So, before you believe everything you read about short sales ask for the person’s credentials. Ask them, “How many short sales have you been involved with?”

The answer from many of these so called experts may surprise you. 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 2012 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 A Third Common Plantation Short Sale Myth: The Home Has To Be On The Market For 90 Days Before The Bank Will Consider A Short Sale is provided as a courtesy to our viewers to help them make informed decisions.

Plantation FL – It is frustrating to see how many myths are shoved on the public by so called “short sale experts.” These people rarely have any short sale experience.

If they do have any experience, it was that short sales are so difficult. But, that is like someone who has never driven a car before telling you that driving is “very difficult.”

If driving is so “difficult”, then why do we see people putting on makeup, eating, and otherwise disengaging from the driving process?

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

But, I must agree, it sure seems hard when you first start driving! So what is the truth? Are short sales impossibly difficult? Are you wasting your time even thinking about short selling your home?

Obviously it depends on the agent’s experience and skill level. Short sales are not difficult for the experienced agents. If a problem occurs, then we know what will solve it.

We know if a lender’s requests are reasonable or not. We know how to convince the lenders to approve the short sale. For us, short sales are easy.

We have learned the process and can do them with ease. 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 2012 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 Another Common Plantation Short Sale Myth: Short Sales Are Very Difficult And Not Worth The Aggravation is provided as a courtesy to our viewers to help them make informed decisions.

Plantation FL – The Stop Foreclosure Institute recently received a question from Nathan. Here was his question.

“I’ll stop making the payments on my condo. That way we can start on the short sale process with my lender. How far behind do I have to be before they will start negotiations.

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

Nathan’s comment reveals a common myth people have about short sales. They believe that a lender won’t approve a short sale unless the borrower has defaulted.

Here is the truth. Yes, some lenders will not approve a short sale unless a borrower is behind on their payments. But, that is only in certain specific instances.

But, most lenders will approve a short sale for a borrower that is current on their payments. They will ask if there is a hardship that requires the home to be sold.

“Is the borrower moving for a job transfer?”, they ask us. The bottom line is that you do not have to be behind on your payments for your lender to approve a short sale.

It is better to start the short sale negotiations while you are still current. You might even be eligible to buy another home right away.

Contact me for more info on a new program that allows you to short sale and buy a new home right away. 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 2012 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 A Common Plantation Short Sale Myth: You Must Have Defaulted On Your Loan Before Your Lender Will Talk About A Short Sale is provided as a courtesy to our viewers to help them make informed decisions.

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

“I am negotiating a short sale with a bank. The short sale loan is a Veteran’s Administration Insured Loan. An appraisal was completed and sent to the lender. Here is the problem.

The home needs a lot of repairs. However, the appraiser never viewed the inside the house. I feel that the appraisal is innaccurate because he is not factoring in the necessary repairs.

What can we do. I don’t want to see my client lose his home to foreclosure. Tom.”

Here was our answer to Tom’s Question. Tom, here is what I would do.

1. Get your hands on a copy of the appraisal. Compare that with a Comparable Market Analysis done by a realtor. See if there is anything the appraiser overlooked.

2. Determine what other homes in similar condition to this home have sold for. Put together a Comparable Market Analysis using homes in similar condition as comparable sales.

3. If you see a big discrepancy, then contact the appraiser about it. In addition, I would check the VA Appraisal Guidelines. I am guessing that the appraisal guidelines require the appraiser view the inside of the home.

If that is the case, then contact the bank, VA, and the appraiser. Tell them what you have found. Ask for a new, more accurate appraisal that shows the home’s value in it’s current condition. 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 2012 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 Sale Question: How Come The Bank Won’t Approve The Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.

Plantation FL – The Stop Foreclosure Institute recently received a question from Kevin. Here was his question.

“I am upside down on my house. I owe over 700k and I have been told that it is now worth under 400k. I just hate to think how much it will cost me over the long term when you add in the interest I will repay.

I am wondering if my bank will forgive the entire debt in a short sale. What do you think? Kevin.”

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

Here was our answer to Kevin’s Question. Most of the short sales we are doing have results in the complete forgiveness of the upside down debt.

There are many different factors involved, such as the law in your state, the bank who has your debt, whether or not you have mortgage insurance, and a number of other factors.

But, in most cases the short sale results in the forgiveness of the debt. In other cases, we have negotiated a 100k debt down to a 13k promissory note.

It’s not fun to repay that, but it’s much better than repaying the entire debt. I can give you a better answer when I discuss your situation with you. 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 2012 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 Sale Question: Will I Wipe Out The Debt When I Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.

Plantation FL – A bank should approve a short sale when it makes the best financial sense to do so. Here is a little known fact. About 80% of all loans are not owned by the bank handling them.

That means that someone else is going to lose money if your bank rejects the short sale.

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

Here is another little known fact. Banks usually lose money whenever they reject a short sale and foreclose on a home. I am sure you are wondering why. Let me explain.

Most short sales are still owner occupied. As you probably know all bank foreclosure properties are vacant. An occupied property is much easier to sell than a vacant one.

An owner occupied home looks like a home. The furniture and appliances are setup in their proper places. The house is clean and kept up on.

Here is something else that people do not understand about short sales. All banks and servicers have a fiduciary duty to the investor of the loan.

If they own the loan themselves, they have a fiduciary duty to their stockholders. The duty is to get that investor the most money possible.

So, a lender should accept an offer if it will net the most money. Your only job is to prove that to the lender. Here is how we can assure the negotiator that the offer will net them the most money.

Do that by showing them that the property has been on the open market for 60-90 days. It is best to be able to show that the house was easy for buyers to see and other agents to show.

Ask them the following, “The agent selling the home is an experienced agent. The house has been on the market for X number of days. I have lived here the entire time and kept up on the house.

It looks good. We have had 43 showings since it’s been on the market. Out of that, only 3 buyers expressed interest. Out of those 3 buyers, the current buyer is the one willing to pay the most money.

The agent is doing their job marketing the property. With the current foreclosure case status, the home won’t be foreclosed until June or July. When you foreclose on the house, I will move out.

I won’t be keeping the house up anymore. The new listing agent will be working on 20 other homes and won’t be able to do as good of a job as myself.

Do you honestly think the home is going to sell for more money at that time?” When you ask them that, they won’t be able to argue with you. 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.

Plantation FL – Buyers often ask us how they can make the short sale process go faster. It is a common complaint.

Here is an example of the emailed we often receive. “I am trying to buy a short sale. It has been 4 months and we have heard nothing except that we are now on our 2nd negotiator, still with no contact from them.

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

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

Unfortunately, there is little the buyer can do to speed up the process. It is up to whoever the seller or their realtor is using to negotiate the short sale with the bank.

If they don’t know what they are doing, then you are better off looking for another home to buy. But, here is what I recommend that agent’s working with the bank do to speed up the process.

1. Call the bank once or twice a week. Be the squeaky wheel. Your requests will be handle faster. Your file will be placed at the front of the line. Your file will be the first one that gets worked on.

2. Ask for more information. “Why is the file being held up? Who else needs to approve it? Why is the process taking so long? Who is going to lose money because of the delay? Who owns the loan?”

That is what the seller’s agent should be asking the bank. Now, what would happen if you started doing these same things to the person negotiation the short sale?

Yes, your file would be placed at the front of the line. You would get specific answers to your questions. You would know whether or not you should wait or go look for another home. 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 2012 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 I Am Trying To Buy A Plantation Short Sale. Can I Push The Process To Go Faster? is provided as a courtesy to our viewers to help them make informed decisions.