Baldwin Hills CA – Santa Monica CA – Everyone who has every tried to negotiate a loan modification with their lender has experienced the frustrated with the whole process.

We always hear the following comments from frustrated Park Hills Heights homeowners all the time. “Why won’t they work with me?” I really want to keep my house and pay them a reasonable payment. My home has dropped in value so much that they are better off taking my payments. I don’t understand.”

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

This is why I think that so many Baldwin Hills CA loan modifications are turned down: The banks don’t have any skin in the game. You see, in most cases the bank losses are not born by the bank.

They are usually born by Uncle Sam or some other entity. Here is a Shocking Fact: Most banks don’t own the loans they are handling.

In fact, one of the “Big Four US Banks” only owns around 20% of the loans they hold. They are handling the other 80% as a “servicer.”

The actual owner might be Fannie Mae, Freddie Mac, a Wall Street Trust, or a pension fund. A servicer acts as a trustee for the actual investor.

They collect the payments and handle the “Lender” Functions. They then forward the money to the owner of the loan each month. The lenders get paid the same amount of money whether they do a good job or not.

Are they motivated to do a good job with your loan modification application? Many people experience long waits trying to get their loan mods accepted. I think this is the reason why.

Here is the closest comparison to how the banks are handling things. Let’s say you managed an apartment community. You only returned calls from prospective tenants one day during the week.

The other days you went fishing. As a result, half of the apartments were empty. Would you really be representing the owner of this property properly?

Would the owner miss out on tenants who could rent an apartment? Would that apartment manager be unhappy? You bet they would be. The same problem is happening with loan modifications and short sales.

The lenders don’t have enough staff in place to handle loan mod and short sale applications. As a result, they are foreclosing on properties when they really should be reducing the payment.

But, the average American doesn’t realize that this is happening. It’s time we tell them about it. Thinking about a short sale in Baldwin Hills or Ladera Heights CA?

I can help you short sale your Park Hill Heights property and get back on your feet. Send me an e-mail at danita@kw.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 310-464-5911

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

Thinking about a loan modification? Our Santa Monica 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, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA.

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

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

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California and the Park Hills Heights communities; Ladera Heights, Baldwin Hills, View Park, Windsor Hills, Leimert Park and West Los Angeles California Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor Santa Monica CA Short Sales. Santa Monica Realtor. Santa Monica CA Short Sales. Santa Monica Realtor.

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

Important Notice

Danita Tabron, Keller Williams Realty Marina/LA, 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 Danita’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on Santa Monica Short Sales: Why Do So Many Loan Modifications Fail? is provided as a courtesy to our viewers to help them make informed decisions.

Santa Monica CA, Ladera Heights CA – Some View Park Home owners don’t know why they should bother with a short sale. “I’ll just let the bank foreclose. A short sale isn’t worth the aggravation”, they tell us.

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

There is one simple reason View Park/Windsor Hills home owner would prefer to short sale thier home rather than let the bank foreclose. If they short sell their home, then they can buy a new home in 3 years, rather than waiting the 5-7 years required after a foreclosure.

Most people’s finances will improve. They will get back on their feet financially. The economy is starting to pick back up. Some will start a new career. Others will find a new job at a new company.

Many and the most will be able to afford a home again. You can buy another home 2-4 years sooner. That means you can pay it off sooner.

The money you would have thrown away on 2-4 years of rent can be put towards retirement. Would $20,000 to $100,000 help you out in retirement?

That’s the money saved from being thrown away on rent. Thinking about a Windsor Hills, View park, Ladera Heights, Baldwin Hills, Leimert Park short sale?

I can help you short sale your Ladera Heights, Baldwin Hills, View Park, Leimert Park, Inglewood CA property and get back on your feet. Send me an e-mail at danita@kw.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 310-464-5911

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

Thinking about a loan modification? Our Santa Monica 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, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA.

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

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

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California and the Park Hills Heights communities; Ladera Heights, Baldwin Hills, View Park, Windsor Hills, Leimert Park and West Los Angeles California Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor Santa Monica CA Short Sales. Santa Monica Realtor. Santa Monica CA Short Sales. Santa Monica Realtor.

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

Important Notice

Danita Tabron, Keller Williams Realty Marina/LA, 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 Danita’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on The Advantages A Santa Monica Short Sales Has Over Foreclosure is provided as a courtesy to our viewers to help them make informed decisions.

Santa Monica CA, Park Hills Heights CA – You may be in a situation where your income dropped for a few months and then went back to normal.

During that time period, your got behind on your mortgage and other payments. Don’t worry, this isn’t a doom and gloom problem.

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

Many people missed payments for up to 18 months and still kept their home. In two cases that come to mind, their lender simply forgave the missed payments.

They started fresh with payments very close to their prior payments. In one of those cases, the homeowner’s payments were reduced by $1,000 a month.

The key is to convince your mortgage company that you can still afford your home. You will need to prove a couple of things:

First, that the problem that caused your mortgage payment disruption was clearly beyond your control. An example of this could be an illness, temporary disability, or injury.

Second, you will need to prove that you are now in a good position to stay current on your payments and make some progress towards repaying the unpaid amount. (They sometimes ask for you to repay the missed payments over the course of 6-12 months.)

You will need to convince your mortgage company that you’re back on your feet financially. You need to show that you will be able to make your payments without a struggle.

If you are in this situation, do not wait for your home to be sold without exploring the options available to you. Please contact me for more information on my free loan modification guide that will help you with a Forebearance or Loan Modifcation.

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 danita@kw.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 310-464-5911

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

Thinking about a loan modification? Our Santa Monica 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, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA.

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless!

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

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California and the Park Hills Heights communities; Ladera Heights, Baldwin Hills, View Park, Windsor Hills, Leimert Park and West Los Angeles California Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor Santa Monica CA Short Sales. Santa Monica Realtor. Santa Monica CA Short Sales. Santa Monica Realtor.

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

Important Notice

Danita Tabron, Keller Williams Realty Marina/LA, 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 Danita’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on Santa Monica Short Sale Question: I Had A Temporary Income Problem. Do I Still Need To Sell My Home? is provided as a courtesy to our viewers to help them make informed decisions.

Santa Monica CA – Many home buyers think that the short sale lender is in charge during a short sale. Nothing could be further from the truth.

The short sale lender can only veto short sale offers. They can’t put the property up for sale or decide who to sell it to. Only the home owner can do that. Why is that?

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Until the lender forecloses on the home the home owner is in the driver’s seat. They “own” the property until the lender forecloses.

We have had many buyers get angry that a home owner would not accept their lowball offer. “You have to submit my offer to the lender. If you don’t then that would be fraud”, they tell the home owner.

You, the home owner are in charge. That means that you can make the following decisions.

You are allowed to pick the buyer’s offer that you think the lender will be most likely to accept.

You are allowed to turn down offers that you don’t like for whatever reason. (Maybe the buyers are too picky about the home and want you to make repairs.)

You are allowed to turn down offers if the buyer is not pre-approved for a loan. In addition, you can ask the buyer to inspect the property before they write a contract.

You are allowed to ask for an earnest money deposit to make sure the buyer is serious about the house.

It is your right to do these things for as long as you own the property. Don’t let anyone tell you otherwise.

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 danita@kw.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 310-464-5911

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

Thinking about a loan modification? Our Santa Monica 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, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA.

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

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

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California and the Park Hills Heights communities; Ladera Heights, Baldwin Hills, View Park, Windsor Hills, Leimert Park and West Los Angeles California Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor Santa Monica CA Short Sales. Santa Monica Realtor. Santa Monica CA Short Sales. Santa Monica Realtor.

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

Important Notice

Danita Tabron, Keller Williams Realty Marina/LA, 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 Danita’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on Santa Monica Short Sales: Who is in charge during a short sale? is provided as a courtesy to our viewers to help them make informed decisions.

Santa Monica CA – The Stop Foreclosure Institute recently received a question from Brett. Here was Brett’s question.

“How is the short sale process different for a homeowner versus a rental property? Is the owner of a rental property more likely to have a deficiency judgment and/or be taxed on the deficiency than a someone short selling their own home? Brett.”

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

Here was our answer to Brett’s question. Yes, short selling a rental property is much different.

(The scenarios below are for a property you bought as a rental, not a property you bought to live in and then started to rent out.)

1. Deficiency. In most cases, you will not be dealing with the lenders who will allow you to walk away from the debt. Lenders are going to ask for a promissory note or deficiency much more often on a rental.

You can still short sell without a deficiency, but it won’t be as easy to do it.

2. You are more likely to owe income taxes. Uncle Sam isn’t giving you the same break on cancellation of debt income waiver that a normal homeowner gets.

Check with your accountant on methods that can help you wipe out even this debt.

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 danita@kw.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 310-464-5911

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

Thinking about a loan modification? Our Santa Monica 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, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA. Santa Monica Short Sales Realtor:

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

View My homes for sale at DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor Santa Monica CA Short Sales. Santa Monica Realtor.

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

Important Notice

Danita Tabron, Keller Williams Realty Marina/LA, 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?

The views expressed here are Danita’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on Santa Monica Short Sale Question: How Is Short Selling A Rental Different From Your Personal House? is provided as a courtesy to our viewers to help them make informed decisions.

Santa Monica CA – In our last post, we agreed that the first step in fixing the flawed short sale process is to acknowledge what the problem is.

We agreed that the problem is that the lenders and investors are losing billions on defaulted loans.

In addition, American Homeowners are losing billions on declining home values caused by a housing market decline caused by foreclosures.

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

The next step is measuring the damage and finding ways to fix it. Here is how we suggest that by done.

To analyze the problem properly, someone will need to study the results. Lenders need to start tracking the results of their actions.

The projected outcome from each of the outcomes should be recorded. Each defaulted loan will have several stats.

First will be the expected outcome if they had agreed to a loan modification. They find that out by asking the homeowner what they are willing to pay monthly.

They plug that into an amortization calculator and find out the mortgage amount that payment equates to. For example a homeowner says that can pay $1,500 a month for the next 30 years.

That equates a $264,182 mortgage at 5.5% interest. Measurement #1: Loan Modification: $264,000 could be realized by accepting that loan modification.

If the house is marketed as a short sale, then any and all offers should be recorded. Let’s say a buyer offers to buy the home for $249,000. That would give us Measurement #2: Short Sale Return: $249,000.

The short sale is rejected. The home is foreclosed and sold as a foreclosure. It is put on the market and ends up selling for $218,000. That gives us our final measurement.

Measurement #3: Foreclosure Return: $218,000.

Now we can all see solid numbers on the results. If that lender did reject the loan mod and short sale, then that process needs to be fixed.

With proper measurement there is no more guessing. Solid, pragmatic decisions can be made to fix the problem.

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 danita@kw.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 310-464-5911

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

Thinking about a loan modification? Our Santa Monica 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, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA. Santa Monica Short Sales Realtor:

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

View My homes for sale at DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor Santa Monica CA Short Sales. Santa Monica Realtor.

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

Important Notice

Danita Tabron, Keller Williams Realty Marina/LA, 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?

The views expressed here are Danita’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on The Second Step In Fixing The Flawed Santa Monica Short Sale Process is provided as a courtesy to our viewers to help them make informed decisions.

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

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

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

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

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

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

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

That alone will save a lot of time and make the odds of a successful short sale more likely. Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at danita@kw.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 310-464-5911

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

Thinking about a loan modification? Our Santa Monica 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, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA. Santa Monica Short Sales Realtor:

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

View My homes for sale at DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor Santa Monica CA Short Sales. Santa Monica Realtor.

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

Important Notice

Danita Tabron, Keller Williams Realty Marina/LA, 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?

The views expressed here are Danita’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

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

Santa Monica CA – The biggest advantage a short sale has over a foreclosure is that you can buy your next home much sooner.

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

Here was our answer to Dan’s Question.

Under current lending guidelines, you can buy another home in 2-3 years after a short sale. After a foreclosure you have to wait 5-7 years in most cases.

(FHA’s current guidelines state that you can get an FHA loan immediately after a short sale, provided that you never missed a payment. If you were in default at the time of the short sale, then you have to wait 3 years before they will approve your loan.)

But, what if you did miss payments and you want to buy another home sooner than that?

There are loopholes in the Fair Credit Reporting Act. Remember, the law was written to protect consumers. It wasn’t written to protect the lenders!

You can use the law to your advantage to get a short sale removed from your credit history. Then, you can fix any other negatives on your credit report.

After that, your credit should be good enough to qualify to buy another home.

Here is why you can have the short sale removed from your credit report. The Fair Credit Report Act requires lenders do certain things before reporting negative credit.

If you lender misses any of these steps, then they are not allowed to post that item to your credit report. Don’t kid yourself; the lenders make mistakes like this all the time.

They are more concerned with getting paid than making sure every credit report is done perfectly. A good lawyer that specializes in this can help you.

They will know the intricacies of the law and help you get the short sale removed from your credit so you can buy another home.

Thinking about a loan modification?Our Santa Monica loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at danita@kw.com to request a Free Copy.

Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at danita@kw.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 310-464-5911

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

Thanks for reading this, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA. Santa Monica Short Sales Realtor:

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

View My homes for sale at DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor Santa Monica CA Short Sales. Santa Monica Realtor.

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

Important Notice

Danita Tabron, Keller Williams Realty Marina/LA, 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?

The views expressed here are Hansen’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on I Want To Buy Another Home Right After A Santa Monica Short Sale is provided as a courtesy to our viewers to help them make informed decisions.

Santa Monica CA – Sometimes it seems like short sales are tough. “Don’t try to short sale your house. Short Sales never go thru”, people tell you.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

This isn’t true. Here is how one agent beat the odds and succeeded with a short sale.

A member of the Stop Foreclosure Institute told me about a short sale he recently worked on. Here is the story from the member.

“I had a short sale with a large national lender. The loan was owned by Fannie Mae, not the lender. We had an over zealous short sale negotiator.

We had the home on the market for several months and finally received an offer for $180,000. We submitted that to the lender with all the short sale paperwork.

The lender came back and said the price needed to be raised to $257,000 and the seller needed to sign a $50,000 promissory note.

Neither the buyer, nor seller would agree to those terms. At that point, the only alternative was to let the property go to foreclosure. But, I knew that the home would sell for even less than $180,000 and the homeowner would suffer from a foreclosure on their record.

So I did something about it. First, I knew the $180,000 was a good offer that reflected the Fair Market Value of the property. I also knew that Fannie Mae didn’t normally ask for promissory notes.

In fact, Fannie Mae’s policy is to erase the debt when the property is a primary residence. (This home was a primary residence.) Here’s what happened.

I went over the short sale negotiator’s head. I contacted Fannie Mae direct and held a 3 way call with the seller. We found out that the lender had lied. They had never even submitted the offer to Fannie Mae!

They had told us what they thought Fannie Mae should ask for. After I spoke to supervisors in Fannie Mae, I was then called by three different reps for Fannie Mae.

Within 72 hours a supervisor from the lender called up and gave me their net, which was 162k. This was well within the acceptable price of the offer of 187k offer.

The problem was that the buyers were so angry for having to wait 53 days on a 45 day allowance that they walked. However, I met another buyer and we sold the house to them.

The bottom line is the short sale negotiator lied, and got busted lying. I had to send in comparables and beg the BPO agent to get the inside scoop.”

As you can see, some agents are making things happen with short sales. This agent did an awesome job. He thought of calling Fannie Mae direct on his own. As you can see, not taking no for an answer helps you to be successful on a short sale. Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at danita@kw.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 310-464-5911

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

Thinking about a loan modification? Our Santa Monica 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, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA. Santa Monica Short Sales Realtor:

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

View My homes for sale at DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor Santa Monica CA Short Sales. Santa Monica Realtor.

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

Important Notice

Danita Tabron, Keller Williams Realty Marina/LA, 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 Hansen’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on Santa Monica Short Sales: How One Agent Overcame The Odds is provided as a courtesy to our viewers to help them make informed decisions.

Santa Monica CA – People often wonder why their lender will release their debt in a short sale. Most lenders don’t like to release the debt. But, they agree to do it because they know that policy nets them more money.

They net more because a home usually sells for more money as a short sale versus after it has been foreclosed upon. Let’s go thru a few examples.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Most Short Sales Are Well Kept Up And Attractive To Buyers.

See the home in the top picture? You can see that it is good shape. Most short sales are being sold while the homeowner lives in the home.

The homeowners are able to keep the house up. They keep the inside clean and neat. In addition, they mow the lawn and keep up on the yard.

This makes a big difference in the sales price. Would you rather buy a home that is in great condition or one that needs work?

Now look at the home in the bottom picture. That is an abandoned home in foreclosure. No one is there to keep up on the yard.

Abandoned Home in Foreclosure.

The inside of the home is probably dirty. Vagrants can break into the home. The home is also an easy target for vandalism.

The bottom line is that most short sales are in better shape than a foreclosed home. In fact, they are usually in much better shape.

That is why they sell for more money, thereby cutting the lender’s losses. Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at danita@kw.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 310-464-5911

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

Thinking about a loan modification? Our Santa Monica 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, Danita Tabron.

Danita is a Real Estate Agent at Keller Williams Realty Marina/LA. Santa Monica Short Sales Realtor:

Phone: 310-464-5911. danita@kw.com.

Experience is Priceless

View My homes for sale at DanitaSellsHomes.com.

Danita Tabron specializes in loan modification assistance and short sales in Santa Monica California – Park Hills Heights California. Santa Monica Loan Modification Help, Santa Monica Short Sales. Santa Monica Short Sale Realtor Santa Monica CA Short Sales. Santa Monica Realtor.

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

Important Notice

Danita Tabron, Keller Williams Realty Marina/LA, 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 Hansen’s personal views and do not reflect the views of Keller Williams Realty Marina/LA.

This information on Why Santa Monica Short Sales Sell For A Higher Price Than A Santa Monica Foreclosure is provided as a courtesy to our viewers to help them make informed decisions.