US Bank Foreclosure and Short Sale Help – Short Sale Questions
November 24th, 2011
US Bank Foreclosure and Short Sale Help http://www.ShortSaleQuestions.net
Duration : 0:1:17
The CBS Evening News with Scott Pelley – Hotline gives hope to foreclosure victims
October 20th, 2011
Banks are getting more aggressive with people who don’t keep up with their mortgage payments, but as Jim Axelrod reports, help is just a phone call away.
Duration : 0:3:53
Bank Foreclosure $184,900 Villa Sarasota FL
September 17th, 2011
Amazing Value 2000 Square feet 2 Bed Plus Den/Office 2 screened Lanais. Tile Roof 2 Car Attached Garage End Unit. These were $400,000 in the peak. Community Clubhouse, Pool, Tennis Courts, Mature Landscaping, Gated Community, Canopy Oaks, Fantastic Location 4 miles to Siesta Beach. Close to dining, shopping, beaches, and services. 10 foot ceilings with Crown Molding, Fireplace, Built in 2001. Flat Tile Roof. Pet Permitted
Duration : 0:3:34
San Diego Foreclosure Home for sale Chula Vista
September 10th, 2011
San Diego Foreclosure Home for sale Chula Vista Otay Ranch Community Real Estate. To Capitalize on the recent foreclosure market boom in Sunny San Diego go to www.TheTeamFloresAdvantage.com. We have access to every listing in San Diego: Short Sales, Bank Owned / Lender Owned Foreclosures fixer-uppers & 2nd homes.
Duration : 0:2:31
LOSING THE BIDDING WAR FOR FORECLOSURE HOMES? FIND OUT WHY!
July 29th, 2011
LOSING THE BIDDING WAR FOR FORECLOSURE HOMES? FIND OUT WHY??? We have ADVANCED NOTICE OF COMING FORECLOSURES WITH OUR BANKS, AND A SYSTEM OF WRITING CONTRACTS THAT GET ACCEPTED! Would you like that?
My team specializes in Foreclosure and Short Sale homes here in the metro Phoenix Real Estate Market. Since Spring of 2009, we have been experiencing multiple offers for our Foreclosure homes and been involved with bidding wars for our buyers trying to purchase foreclosure homes.
Getting out bid was very disappointing, I am sure you would agree. We realized that we get Advanced Notice to our Foreclosure listings and because we are working with several banks, we can see thier coming soon inventory too. We started marketing the homes before they were listed. It worked great. We sold many of our own listings. Many of the top Foreclosure agents are friends of mine, we meet at special conventions for top selling agents. They share their coming soon inventory with us, adding more Advanced Notice.
We started noticing that the banks didn’t always take the top offer. So we started tracking what made a difference. From there we put together a system of writing offers the way the banks like to see them, so they get accepted. Together with the Advanced Notice to the bank owned Foreclosure homes we call this our “Unfair Advantage.”
Recently we secured homes for 3 different buyers using this system. They were not the highest offers, nor cash offers, but their offers were selected.
Hi I’m Jeff Cameron with Keller Williams.
After plunging as much as 70%, the real estate market is on Fire. According to ASU Phoenix Foreclosure prices appeared to have bottomed in Spring of 2009. Some areas have seen huge bounces in values. Interest rates low and great deals all over.
So let me ask you a question: Why haven’t you found just the right home yet?
The biggest reason is that you aren’t working with an agent who has direct access to bank owned homes and foreclosures before they hit the market. You know the ones that are coming soon.
I would bet that every time you find that great house on all those endless websites you’ve been searching, its gone. SOLD!
So what we’ve done at The Cameron Team is we have created our Elite Buyer Group, for buyers that are really serious about buying a home today.
Go a head, give us call. If you are serious about finding your perfect home and your criteria meets what we are looking for in home buyers or investors, we can be a great match.
We have limited our Elite Buyer Group to 10 buyers that are very serious about beating everyone else out to those great deals today. We give our buyers, what we call the Unfair Advantage. Which includes advanced notice to bank owned homes and a system of writing offers in the way banks want them – So they choose them.
You see Eric was in our Elite Buyer Group, his offer wasn’t the highest and it wasn’t cash. But with the Unfair Advantage on his side, his offer was selected over all the others.
If you are interested in getting off those endless websites, actually finding a great deal and having an Unfair Advantage, now is the time. Remember we are limiting our Elite Buyer Group to 10 serious buyers.
I look forward to speaking with you!
Duration : 0:2:7
BANK FORECLOSURE: 3535 PALM CREST Rosharon, TX.~$194,900
July 17th, 2011
**Call BOB PELTIER for more information (979) 849-1238
4 Bed / 2 Bath / 2 Car Porte Cochere
DIRECTIONS: 288N, 1 mi past FM1462, Subdiv on right-pass Subdiv on 288, Right on CR-60, Right@ Stop Sign (Green Valley Dr.) curve along 288 feeder, make left into Subdiv entrance (PALM CREST), 3535 on left!
REMARKS: This property is an REO (Real Estate Owned). Check out the price per SQFT on this custom stucco country home in Palm Crest! Beautiful home on almost half an acre! Builder’s own, tall doors, open living room with gas fireplace, open concept kitchen, four bedrooms and Dining Room/Study! Drive through two car detached garage with Porte-Cochere! Feel the breeze from the side of the house and enjoy the pool sized yard with covered patio and stucco fence! No front/back neighbors! PALM CREST LAKE and Park located across the street. Exclusive PALM CREST Subdivision OFF HWY 288 N, just past FM 1462. Subdivision Restrictions available upon request. Won’t last long! MUST SEE! For More Information Call Susana Wilson at (713) 254-4759 or Go to http://www.360vtv.com
Duration : 0:3:46
Foreclosure – Pitfalls of Lender Rescission to Stop Foreclosure – RealEstateMarketingThisWeek.com
July 13th, 2011
http://realestatemarketingthisweek.com – The pitfall of forcing your bank to rescind your loan for lending violations when in foreclosure –
Part 8 – I have a question on that, it is my understanding and I could be wrong, but they don’t need a copy of the note, they need the original note.
You are correct. Your attorney of course will get a copy, because they are not going to send them the original.
Items that your attorney is going to ask for, and I forget the number, I think its 47 different items that the attorney could ask for. Heres one. I’ve been in the industry for 20 years and I just heard this term a couple months ago, it’s known as an alonge. What the heck is an alonge? Well apparently it’s one of the documents that has to be in the file.
While essentially the whole purpose of this is to catch the bank, the lender having messed up your loan somewhere along the way. Because if it is true that they violated some kind of Federal Law in the past when they gave you the loan or are in violation of the loan now, you can then take them to court. And you can sue them. You can have your loan rescinded. Which basically means it comes off your credit report. This loan never happened. As good as that sounds that may not be the best thing for the home owner.
I want to back up just a little tiny bit, you mentioned the alonge, there’s more to the alonge then it sounds like. The bank needs to have the original alonge, more importantly, the person who signed the alonge has to have been authorized by the licensed entity to sign that alonge. And I know for a fact that several people in this town, in this industry, were signing alonges because they needed it signed before the loans could fund. And they were not qualified to sign.
So let’s go back to this discovery process, when we find the lender has to rescind. And I will admit after being in the real estate and mortgage industry for over 20 years, I would have to say that almost 100% of the loans that are originated, if you look at them hard enough you could find something wrong with them. Something wrong, where there could be a reason for you to rescind this loan.
So let’s say you go to that point and push it and get the bank to rescind your loan. Here’s the problem. The loan is gone, it is no longer on your credit report, but let’s say you have a $200,000 loan you took out two years ago, in that time, you would’ve paid about $35,000 in interest. You get a credit for the 35,000, and let’s say you had attorney fees to fight the bank, let’s say $10,000, I don’t think it would be that high but we are just throwing out numbers here. And $5000 in closing costs when you bought the house, so that total is $50,000. You get a credit for $50,000 off of the $200,000 loan, which means you still owe $150,000 on the house. You have to pay the difference.
You have to pay back to the bank $150,000. So its nice that we filed suit and won but frankly in this market where are you going to get the $150,000 from? I think it would be very difficult to find a bank or lender right now that will lend you $150,000 for your house. Chances are you may be several months behind on your payment and although the lender cant show your payment history because the loan was rescinded more than likely the new bank is going to say they need a mortgage payment history. And you say you have been in the house for two years, but the loan got rescinded and they say you need payment history, you cant produce it.
In this marketplace today you are not going to get that loan done. And so the attorneys know that and that’s why once they get the lenders attention they say to the lender, we dont want to rescinded the loan, we dont want to incur a ton of attorney fees but we will if we need to, if you dont want to play ball with us. What we want to do is to work together to get the best possible loan modification for our clients. So we can keep them in their home, keep their family intact.
The reality of a it is, here what we are doing we are working with a national network of attorneys that care about you and you first.
You can go to http://mortgageanswerman.com where there’s going to be information about everything including, one thing I’ll add really quickly. I have something there that is known as a Decision Matrix. The Decision Matrix will walk you through step by step by step, every single step of the process regarding what you should do with your property, should you do a short sale, should you do loan modification, should you just let the bank foreclose? Is bankruptcy an okay idea for you, or not? What are the tax consequences?… http://realestatemarketingthisweek.com
Duration : 0:6:54
Foreclosure Short Sale – Mortgage Bank Approved Sales Process – RealEstateMarketingThisweek.com
June 6th, 2011
http://realestatemarketingthisweek.com – Prices are back to 2003 levels: A Short Sale is significantly cheaper for a bank than a foreclosure
Part 7 – Were in the studio today with Kalyn Roberts and Jeri League of the Dreamvesting Group, these two young ladies are experts in the short sale area, they are NOT going to tell you what you want to hear, they are going to tell you what you need to hear. There is a big difference between what you want and what you need in the case of getting out of a situation. We talked during the break about the different types of people; who qualifies, who doesn’t qualify, who this is good for, and who its not good for. I want you to talk about people who are upside down and how you’re here to help.
What we want to get across today if you just need to call someone if you’re upside down in your mortgage, if you have a listing next door and its a bank owned or short sale, there is a good chance you’re probably upside down in you mortgage if you bought anytime in the last, in the last 5 years were almost back to 2003 pricing now.
Just to jump in real quick, Jeri and Kalyn its not just the people who purchased, its the people who used their homes as ATMs which is a crude way for me to say it but lets be honest. You watch the television, and I am not going to name any names, but a company that rhymes with lie-tech though, they have a commercial where they are showing pictures of using your home to buy a big boat and everybody got sucked into that and now here were.
Yes, if you used your second mortgage to build that big beautiful pool in your backyard, maybe you need to call us. Yes, its unfortunate, we always tell everyone like you just said, everybody got sucked into it, it doesn’t mean you’re stupid, it doesn’t mean you necessarily made a really bad decision. Most people got caught up in the real estate market and good marketing ploys like that, and the bottom line is as we said earlier you dont have to be late on your mortgage payment, you don’t have to be facing a foreclosure, if you’re simply upside down because you refinanced your home or purchased too recently and the house next door is selling for $100,000 less than yours and you just need to get out of a bad financial situation, you’re a candidate for a short sale or even a loan modification.
One of the things about loan modifications that I hear all the time is, and I research other loan modification companies, and what I hear is they are telling people things that just aren’t real. For instance if your owe $400,000 and your house is worth $300,000 and you want your lender to forgive $100,000 on a loan modification, chances are that isnt going to happen, whereas with a short sale, when youre exiting the property because it just isnt going to work, they would in most cases consider doing that.
Absolutely if that is the market value of your home they are going to consider the bottom line, the banks dont want these properties back, it costs them so much money to go through a foreclosure process and as our prices are falling, monthly, weekly, daily, the likelihood of the value of the property being extremely lower by the time they get the property back is 100%.
In addition to the $60,000 in foreclosure cost, paying real estate commissions and a few other fees is significantly better, because the loss is going to be significantly less with a short sale. Heres a question and I hope that I am not putting either of you on the spot, but suppose the guy owes $400,000 on his house, lets just say its worth $300,000 and you get the listing and this guy is out at a cocktail party and his cousin shows up and says, Ill buy the house from you. Ill buy the house from you, we will make the bank pay the difference and Ill just let you stay in the house. Is that a realistic situation, is someone going to find out about it? Is it good to do that or not?
In real estate, real estate purchases and transactions have to be non-arms length. Now arms length is described as your parents and your children, other than that we pretty much stay out of it because theoretically, yes that could happen, however the banks want to see that the homeowner is not benefiting, so the homeowner would have to become a tenant and be paying rent to new owner at that point. So there are many legitimate situations where you could meet someone who would buy the home and allow you to stay in the home… http://realestatemarketingthisweek.com
Duration : 0:5:53
Homeowners find help with loan modification
June 3rd, 2011
Homeowners facing foreclosure across the country are finding help getting loan modifications from the Neighborhood Assistance Corporation of America. Bill Whitaker reports on the non-profit that’s bringing lenders and borrowers together.
Duration : 0:2:47
Bank Foreclosure FRAUD pt.5 of 5 Save the Best For Last…CONCEALMENT…CONSPIRACY…WIRE FRAUD!!
May 28th, 2011
http://stopforeclosurefraud.com/
WE WILL WIN…WE ARE GETTING CLOSER…ONE LAYER AT A TIME. …I will show you how MY personal Mortgage Foreclosure FRAUD happened. Pay close attention and learn before it is too late. Here are the subjects and principles.
Hi Erica Johnson-SECK (SICK) I read in your Deposition how you google your name …Just add this one for reference.
Law Offices Of David J. Stern PA in Plantation Florida Roger Stotts
Dennis Kirkpatrick
These people are ALL over the US pulling this crap
Do searches on them and all and see what you can find out to save your home.
Judge Dale Ross in broward gave my home to IndyMac Bank (Property Managers) and when I tried to speak he rolled his eyes and said “What Difference Does it make”?????? He pre-judged me and this is not his job… The difference is the courts are aiding & abetting FRAUD. Yes Google his name and we will see how his peers enjoy him. I did NOT have a fair trial. I was raped from my RIGHTS as a citizen.
Learn from this study it and maybe WE ON OUR OWN without the GOVERNMENT can make a difference. Thank you for allowing us to loose our wealth, rights, and justice for all.
These are some excellent resources. YOU ARE NOT ALONE. IT IS NOT YOUR FAULT OUR GOVERNMENT FAILED US.
We have just scratched the surface. Wait to see what is at the CORE.
Duration : 0:1:48