Orlando FL – Is your lender being unreasonable? Are they unwilling to let you short sale and walk away from the debt? Here is what to do.

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

First, you can make their failings public. Tell your story to your local newspaper, TV station, or radio station. You would be amazed at how fast you lender will backpedal in the face of bad publicity.

Here is an inside tip. Send a copy of your press release to the lender’s Media Relations Department. They are the people whose only job is to make sure no bad publicity gets out. They will pay attention to your story!

A second option is to file a rip off report. Go to www.ripoffreport.com and put in all the details. If you include the bank’s name, then it is likely to show up on Google when someone searches for that bank.

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?

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: How To Hold Your Bank’s Feet To The Fire is provided as a courtesy to our viewers to help them make informed decisions.

Orlando FL – Many people are embarrassed that they are short selling their house. They feel like they are somehow being dishonest or shady. Neither one of those is true. A lot of the people short selling today never had a blemish in their credit. They lived perfect, responsible financial lives. Then the real estate market crashed and left them owing way more than their home was worth.

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

For years everyone had told them that couldn’t happen. Many of those people also lost their job for the first time in their life. You must remember, you are not alone. We are seeing as many short sales in the upper income brackets as the lower income brackets.

I will not be judgmental when you short sell with me. I deal with people from all walks of life. Some are high income. Others bought less expensive homes. Either way, it doesn’t matter to me. I see a short sale as a smart financial decision.

So I won’t be judging you. Instead, I’ll be congratulating you. Who wants to be burdened with a huge debt for the rest of your life? Not me. And neither should you. Here is why a short sale is a smart financial decision.

Let us say that you are upside down on a house by $100,000. (If you owe less than that, don’t laugh. Many people are upside down by that amount and more.) Repaying $100,000 over 30 years, will cost you $215,000. That is the $100,000 originally owed, along with $115,000 in interest payments.

What if instead of doing that, you put that money towards retirement? You could earn 5% interest on that money. $215,000 at 5% is $10,750 a year. Would that be helpful in retirement? That is one small reason I recommend short sales to my customers. You can get the upside down debt forgiven in a 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?

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: Should you be embarrassed to short sale? is provided as a courtesy to our viewers to help them make informed decisions.

Orlando, FL – Are you looking for a Orlando Realtor that specializes in short sales. It is important that you pick the right agent. Many agents turn down short sale listings because they are unfamiliar with the process. These transactions are much more difficult and complicated than your average real estate transaction.

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

Because of the foreclosure process, you usually only have one chance at a short sale. If your first agent isn’t competent, then you risk losing your house to foreclosure. Then you have to wait another 5-7 years to buy your next house. First, ask the agent you are interviewing why they qualify to help you. Do they have any special short sale training or designations? Many agents have taken specialized training and education. They care about being up to date with the current trends in the market.

Next ask them how much experience they have selling short sales. An agent who has closed a few short sales is a lot better prepared than an agent that has not. You want someone experienced working for you.

Who is your lender? Ask the agent is they have closed any short sales with your lender. Every lender handles short sales a little bit differently. If your lender is ABC Lender and the agent has experience with ABC Lender, then they already know the process. Your agent will be prepared because they are familiar with that lenders’ process.

After that, ask the agent how they negotiate their short sales? They may do the follow up themselves. Or, they may hire a competent title company or loss mitigation company to do it for them. Either way is fine. Just make sure the person handling your file is suited for the job. 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?

The views expressed here are Gitta’s personal views and do not reflect the views of Keller Williams Heritage Realty .

This information on How do I find a Orlando Realtor that specializes in short sales? is provided as a courtesy to our viewers to help them make informed decisions.

Orlando FL – The Stop Foreclosure Institute recently received a question from another agent named Bonnie. Here was her question.

“On my short sale, the first mortgage gave me a price and a net they would allow. The title company put together the closing documents and paid the first more than the minimum net they needed.

Then, I offered the second mortgage what ended up being 12% of their loan. They are owed 76K, I offered 9600. Here is the problem. Now, they want 15K and are saying that is their final offer.

I do not think the first will allow them to receive that much. The first is HSBC. Do you have any suggestions on this one?

What would have been a better approach…offer to the 2nd on a different HUD a smaller amount to start? I used the same HUD to present to both, getting the firsts approval first. Bonnie.”

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

The first would see a closing statement with 20k going to the 2nd. Meanwhile the 2nd would get a closing statement with 3k and more money going to the first.

Robert Ringer, in his book Winning Thru Intimidation, talks about this problem. He was working as a mortgage broker on a hard money loan for a development.

He had to juggle the lender bringing money to the table and what the developer would net at closing. Plus, he had to make some money for himself in the middle. What did he do?

He started out telling the lender he needed to grant a big loan and told the borrower he was getting less money. He juggled those two and ended up making some money in the middle.

Here is what you can you do to close this short sale. This 2nd mortgage negotiator is being unreasonable. Escalate the file, show them the MLS history, and remind them that they get zero in a foreclosure.

Show them the docket status for the foreclosure case. If the house is close to foreclosure, you gain more negotiating power. Another thing to do is get both of the negotiators on the phone.

Have them hash it out between each other. That worked for us on a deal before and it might work for you too. 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 marcwithgittasells@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 (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. marcwithgittasells@gmail.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?

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 Sale Question: I’m In A Jam With Two Mortgage Companies Fighting Over Money is provided as a courtesy to our viewers to help them make informed decisions.

Orlando FL – The Stop Foreclosure Institute recently received a question from another agent named Beckie. Here was her question.

I have been waiting on my lender to approvce or deny my short sale for 7 months. We finally received an answer last week in form of a counter offer to the price.

The buyer was offering to pay $315,000. The lender countered at $345,000. The buyer is not willing to pay any more than $315,000. My agent told him that he will try my best to negotiate at that price.

Before my agent could send the comps to the lender, the lender ordered an appraisal. My agent tells me that my property is worth more than $315k, but less than $345k.

So, we put the home back on the market just to prove to the lender that at that price there may be no bites. We were mistaken.

We received for $341,550. We told the first buyer if he goes up to what the lender wants, then we will close the deal with him. He didn’t budge so we accepted the higher offer.

In the meanwhile, we received an email this morning from the short sale negotiator. She said that the lender will accept the $315k price. Now, my agent is suggesting that we do not submit the $26k higher offer, because that will rock the boat. I have a dilemma.

The first buyer’s offer technically was accepted by the lender. I want to give it to him since he waited. But do we have an obligation to the lender to present the higher offer?

We accepted this second offer yesterday without a cancellation from the first buyer. The contract does give us an out. But now that the lender has agreed to the first buyer’s price, do we need to sell it to him? HELP ! Beckie”

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

Here was our answer to Beckie’s Question. Beckie, I personally think that you are not morally required to submit the higher offer to BOA. But, that’s my personal opinion. Speak to a lawyer if you need to know how the law applies.

My guess is that your lender would accept the higher offer and spit out a new approval in less than a week. And a higher price reduces their losses. 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 marcwithgittasells@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 (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. marcwithgittasells@gmail.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?

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 Sale Question: I Have A Moral Dilemma. What Should I Do? is provided as a courtesy to our viewers to help them make informed decisions.

Orlando FL – The Stop Foreclosure Institute recently received a question from another agent named Sylvia. Here was her question.

“Here’s a question for you. I have a short sale with two offers. The appraisal was close to the sales price and the inspection was good.

However, the bank calls me and says, “Sorry, you can’t short sale the house because this is a recourse loan for 5 years.” I did some research and the loan is owned by Fannie Mae.

The sellers received foreclosure papers a week later. Fannie May says that the lender can approve the short sale. But, the lender says they can’t without Fannie Mae’s permission.

Needless to say, I am confused. Any thoughts on how this could have a happy ending? Sylvia.”

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

Here was our answer to Sylvia’s Question. Sylvia, That is so frustrating! I think someone at GMAC is being an idiot. I’ve never heard of anything like this happening.

You are being lied to. Call the lender’s short sale phone number and ask to speak to a supervisor.

Then, ask them: “Are you someone who can speak with authority and actually knows what they’re talking about when it comes to Fannie Mae Short Sale Guidelines?”

If that person can’t speak with authority, then ask for the manager of the loss mitigation department. Tell that person the situation and ask them what is going on. That should solve 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 marcwithgittasells@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 (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. marcwithgittasells@gmail.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?

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 Sale Question: Lender Won’t Approve The Short Sale. What Should I Do? is provided as a courtesy to our viewers to help them make informed decisions.

Orlando FL – The biggest threat to your short sale is a high appraisal. Which is why your agent needs to make sure the appraisal is accurate.

Here is the process your agent needs to follow to ensure an accurate appraisal.

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

The person doing the appraisal doesn’t understand why the home is selling for a specific sales price. They don’t understand why buyers are only willing to pay X. That is why your agent must explain that to them.

First, your agent should always meet them at the property and bring a detailed Comparable Market Analysis (CMA) with them.

The CMA should include at least 3-5 comparable sold homes, 2-3 comparable homes currently under contact, and 3-5 active competing homes currently on the open market.

They should put together a detailed CMA using the sold comparable sales. They will give that CMA along with the actives and pendings to the person doing the appraisal.

They will ask them what they feel the value of the house is. Then, your agent should show them the MLS history and explain why the house is only selling for X.

The key with the CMA is to use the closest comps available. You can use 1-2 REO comps when a real estate agent is doing the appraisal. Appraisers want the closest geographic comps available.

A real estate agent will use your agent’s comps most of the time. An appraiser won’t do that very often. 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 marcwithgittasells@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 (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. marcwithgittasells@gmail.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?

The views expressed here are Gitta’s personal views and do not reflect the views of Keller Williams Heritage Realty .

This information on How To Ensure Accurate Appraisals And A Successful Orlando Short Sale is provided as a courtesy to our viewers to help them make informed decisions.