Orlando, FL – I Sent Everyone In Congress A Fax About Short Sales

November 7, 2011

Orlando FL – A large national bank did a lousy job on a short sale file. We waited 90 days for an answer on an offer. The buyer got impatient and walked.

We had a backup buyer. But, instead of reviewing the new offer, the short sale negotiator closed the file. The owner of the loan, Freddie Mac, lost around $1,800 in interest on the 90 days that elapsed.

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

Rather than just sit here and take abuse, we decided to stand up for myself. We got the entire list of fax numbers for congress. We typed up a fax and sent it to every member of congress.

Your agent should fax congress if you bank is unwilling to work with them on a short sale. The majority of all loans are federally insured or guaranteed.

Examples are Fannie Mae owned loans, Freddie Mac owned loans, FHA insured loans, VA insured Loans, and even USDA insured loans.

This leaves these banks and servicers open to huge liability. If they mess up on a federally owned or insured mortgage, they are causing Uncle Sam to lose money. 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 gitta@gitta.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 (407) 330-2181

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

Thinking about a loan modification? Our Orlando 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, Gitta Urbainczyk.

Gitta is a Real Estate Broker at Keller Williams Heritage Realty . Orlando Short Sales Realtor:

Phone: (407) 330-2181. gitta@gitta.com.

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

Gitta Urbainczyk specializes in loan modification assistance and short sales in Orlando Florida. Orlando Loan Modification Help, Orlando Short Sales. Orlando Short Sale Realtor. Orlando Short Sale Realtor Orlando Short Sale Realtor Orlando FL Short Sales. Orlando Realtor.

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

Important Notice

Gitta Urbainczyk, Keller Williams Heritage Realty , 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 Gitta’s personal views and do not reflect the views of Keller Williams Heritage Realty .

This information on I Sent Everyone In Congress A Fax About Orlando Short Sales is provided as a courtesy to our viewers to help them make informed decisions.

Orlando, FL – Why Be Responsible When You Can Get A Bailout?

November 4, 2011

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Orlando FL – Why does a British Bank do a better job than the American Banks?

We have always liked short sales with HSBC. They respond promptly and are easy to work with. The bottom line is that they do a solid, competent job handling short sales and loan modification.

I think the reason is because they never got a bailout from Uncle Sam. If they are incompetent, then themselves and their stockholders take the loss.

Menawhile, the large American Banks are awful to work with. I have countless stories of real estate agents working on a large national bank’s short sales for 6-9 months with no answer.

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

Want an answer to an e-mail? Be prepared to wait 1-2 weeks for that. The people are all overworked. In my opinion, the reason these companies don’t care is because they don’t own the loans.

For example, Bank of America only owns 20% of the loans they handle. And a lot of that 20% are probably guaranteed by the government because of their purchase of Countrywide.

Contrast this with HSBC. They own most of their loans. That means they are the ones losing money. I couldn’t find HSBC ever getting a bailout on the bailout search page. They have a well run bank.

All of their loan mods, short sales, and foreclosures are handled properly. Here is why. They are acting as a principal. If they do a lousy job, then they lose the money themselves.

On 80% of Bank of America’s loans, someone else is losing the money. That is why there is no sense of urgency at Bank of America. It’s like monopoly money.

Do you think a teenage kid is going to “hot rod around” in his Dad’s fancy sports car? Come on! We all know his Dad will treat his car a lot better than his kid will.

So, we can agree that people do a better job if their own money is on the line. The big banks are handling other people’s money. There is no accountability.

The investors just hear that the market is bad. They don’t know that that is only half the story. At HSBC, if the short sale department does a lousy job, then it affects HSBC’s quarterly statement.

If things go bad, then people are held accountable. In my opinion, there is nothing of the sort happening at American Banks such as Bank of America or JP Morgan Chase.

It’s kind of sad that a foreign company does a better job than an American Company. 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 gitta@gitta.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 (407) 330-2181

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

Thinking about a loan modification? Our Orlando 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, Gitta Urbainczyk.

Gitta is a Real Estate Broker at Keller Williams Heritage Realty . Orlando Short Sales Realtor:

Phone: (407) 330-2181. gitta@gitta.com.

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

Gitta Urbainczyk specializes in loan modification assistance and short sales in Orlando Florida. Orlando Loan Modification Help, Orlando Short Sales. Orlando Short Sale Realtor. Orlando Short Sale Realtor Orlando Short Sale Realtor Orlando FL Short Sales. Orlando Realtor.

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

Important Notice

Gitta Urbainczyk, Keller Williams Heritage Realty , 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 Gitta’s personal views and do not reflect the views of Keller Williams Heritage Realty .

This information on Why Be Responsible When You Can Get A Bailout? is provided as a courtesy to our viewers to help them make informed decisions.

Orlando, FL – When A Bank Should Approve A Short Sale

November 3, 2011

Orlando FL – The Stop Foreclosure Institute recently received a question from James. Here was his question.

A bank should accept your short sale when the following rules apply. 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.

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

Your only job is to prove that to the negotiator. Do that by showing them that the property has been on the open market for 60-90 days. We need to be able to show that the house was easy for buyers to see and other agents to show.

Tell the lender the following, “I have an experienced agent selling my home. It has been on the market for X days. I have lived there the entire time and kept up on the house. It looks good.

43 buyers have looked at the home since then. 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. My agent is doing a great job marketing my home.

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. The house won’t be kept up anymore.

The new agent will be working on 20 other homes and won’t promote the home as well as my current agent. This means there will be less buyers looking for a home.

Do you honestly think the home is going to sell for more money then? 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 gitta@gitta.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 (407) 330-2181

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

Thinking about a loan modification? Our Orlando 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, Gitta Urbainczyk.

Gitta is a Real Estate Broker at Keller Williams Heritage Realty . Orlando Short Sales Realtor:

Phone: (407) 330-2181. gitta@gitta.com.

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

Gitta Urbainczyk specializes in loan modification assistance and short sales in Orlando Florida. Orlando Loan Modification Help, Orlando Short Sales. Orlando Short Sale Realtor. Orlando Short Sale Realtor Orlando Short Sale Realtor Orlando FL Short Sales. Orlando Realtor.

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

Important Notice

Gitta Urbainczyk, Keller Williams Heritage Realty , 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 Gitta’s personal views and do not reflect the views of Keller Williams Heritage Realty .

This information on When A Bank Should Approve A Orlando Short Sale is provided as a courtesy to our viewers to help them make informed decisions.

Orlando, FL – Short Sales: Why Won’t My Lender Allow Me To Walk Away With No Deficiency?

November 2, 2011

Orlando FL – The Stop Foreclosure Institute recently received a question from James. Here was his question.

“We are in the middle of a very long negotiation with a large national lender.

I had my agent put a clause into the contract stating “upon approval of short sale by sellers’ lender, lenders, & or affiliates, client, or heirs will be released from any monetary shortages or deficiencies from said sale of stated property upon successful closing and transfer of title from that date and forevermore.”

The short sale negotiator, Nathan, has advised my agent that he will reject the file and close it out if we don’t remove this from the contract. What do you think?

After reading your comments, I am not sure of what will happen. How should I pursue this? James.”

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

Here was our answer to his question. I think the negotiator is getting his ego involved. Many loan owners waive promissory notes. He is out of line (and breaching his lender’s fiduciary duty to the loan owner) if the following applies:

1. If it is the investor’s policy to not pursue a deficiency.

2. If accepting this short sale will net the investor more money than a foreclosure.

Do these two things apply? You and I don’t have millions of dollars to pursue a lawsuit, but we can contact the loan owner directly to let them know what is happening.

If they are going to lose money not accepting the short, then they need to know about what this lender is doing.

Now, the negotiator has the authority to demand a promissory note depending upon who the owner of the loan is. Find out who owns the loan.

Fannie Mae, Freddie Mac, FHA, and VA will let the borrower go free from all future liability. Obviously that doesn’t apply if there is Mortgage Insurance.

Find out if any of those entities owns or insures the loan. Then tell the negotiator that you will be contacting them directly. 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 gitta@gitta.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 (407) 330-2181

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

Thinking about a loan modification? Our Orlando 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, Gitta Urbainczyk.

Gitta is a Real Estate Broker at Keller Williams Heritage Realty . Orlando Short Sales Realtor:

Phone: (407) 330-2181. gitta@gitta.com.

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

Gitta Urbainczyk specializes in loan modification assistance and short sales in Orlando Florida. Orlando Loan Modification Help, Orlando Short Sales. Orlando Short Sale Realtor. Orlando Short Sale Realtor Orlando Short Sale Realtor Orlando FL Short Sales. Orlando Realtor.

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

Important Notice

Gitta Urbainczyk, Keller Williams Heritage Realty , 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 Gitta’s personal views and do not reflect the views of Keller Williams Heritage Realty .

This information on Orlando Short Sales: Why Won’t My Lender Allow Me To Walk Away With No Deficiency? is provided as a courtesy to our viewers to help them make informed decisions.

Orlando, FL – Short Sales: Why Won’t My Lender Allow Me To Short Sale?

November 1, 2011

Orlando FL – The Stop Foreclosure Institute recently received a question from David. Here was his question.

“I lost my job and am burning up my savings very fast. At the current rate I will only be able to pay my mortgage for a few months more. My lender won’t talk to me about a short sale because I am current on the payments.

I am trying to maintain my credit and don’t understand why they won’t consider a short sale until I am delinquent on payments. What is going on? David.”

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

Here was our answer to his question. Some banks just won’t consider a short sale until you a behind on payments. It’s just the way it is.

In my opinion, if you are not employed then saving money is more important than salvaging your credit. Perfect credit won’t do much good when you can’t afford to keep food on the table or pay the light bill.

But, you need to make a decision based on what is most important to you. I can’t make that decision for you. I will tell you that I would save my cash until I got a job.

The foreclosure process will drag out for 6-12 months in most states. You can live rent free until you 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 gitta@gitta.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 (407) 330-2181

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

Thinking about a loan modification? Our Orlando 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, Gitta Urbainczyk.

Gitta is a Real Estate Broker at Keller Williams Heritage Realty . Orlando Short Sales Realtor:

Phone: (407) 330-2181. gitta@gitta.com.

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

Gitta Urbainczyk specializes in loan modification assistance and short sales in Orlando Florida. Orlando Loan Modification Help, Orlando Short Sales. Orlando Short Sale Realtor. Orlando Short Sale Realtor Orlando Short Sale Realtor Orlando FL Short Sales. Orlando Realtor.

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

Important Notice

Gitta Urbainczyk, Keller Williams Heritage Realty , 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 Gitta’s personal views and do not reflect the views of Keller Williams Heritage Realty .

This information on Orlando Short Sales: Why Won’t My Lender Allow Me To Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.

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