Jacksonville, FL Foreclosure Help – Realty Advantage, LLC

Realty Advantage, LLC
12627 San Jose Blvd Ste 901
Jacksonville, Fl 32223
904-536-3000

Duration : 0:1:35

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These times are definitely exposing the greedy from the helpful. Short sales can be done ethically or unethically, and its crucial that homeowners and realtors screen the parties they get involved with carefully. Legal and ethical short sales are done with complete transparency and full disclosure to all parties; the bank, the homeowner, the realtors. This is created through the right documentation and information provided to the right parties at the right time. If someone does not know what theyre doing, they can possibly create enough chaos to lead the property straight to foreclosure.

Many realtors are not trained well enough in short sales to prevent a foreclosure, but many homeowners are going to them believing that they are the most ethical and protective of their homes. The National Association of Realtors reports that only 10-15% of short sales that realtors are negotiating prevent a foreclosure. The other 85-90% are being foreclosed on. You have to realize that realtors are in the business of finding Buyers and Sellers of homes, not in the buiness of negotiating and processing short sales with lenders. Short sale negotiating is a very specific skill set and constant training and updated legal documents insure a higher chance to avoid a foreclosure.

Trilogy Property Solutions prides themselves on their integrity, ethics, and compassion for what homeowners are going through. If you would like more information on how we can possibly find solutions for you, please call us anytime. (888) 803-0505 or email: ShortSaleCrystal@gmail.com

Duration : 0:1:51

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Or to join our team www.moreinfo.whybellahomes.com

The mortgage crisis is at epidemic levels, families are being displaced
left and right. As representatives of Bella, it’s our duty and obligation
to get the word out about the Bella services ASAP and let Bella corporate
and the legal team help as many homeowners as they can.

BELLA BACKGROUND – Bella Homes, LLC is the result of a collaboration of
some of the best legal minds in the nation and is founded upon the
fundamental principal that FAMILIES, NOT BANKS, SHOULD OWN HOMES.
We proudly stand out as an ethical and legitimate alternative to those
less credible companies whose predatory tactics do nothing but exploit
the homeowner’s financial predicament.

Duration : 0:7:52

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Bella Homes, LLC looks forward to working with you and proving that they are the right choice to not only resolve your particular real estate challenges but to also put you and your family back in the driver’ seat with a new monthly payment that you can afford, with positive equity in your home.

Duration : 0:14:58

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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

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Business correspondent Paul Solman reports from Cleveland on the economically troubled Ohio city’s efforts to tear down thousands of empty foreclosed homes in hopes of putting eyesore and dangerous properties back to productive use — perhaps as community gardens, new businesses or even a vineyard.

Duration : 0:9:2

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www.rebcanada.com

Duration : 0:0:47

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Duration : 0:0:33

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Expert: Richard Blake
Bio: Richard Blake is a licensed real estate agent that has closed more than 20 times the number of transactions per year than that of the average realtor for the last three years.
Filmmaker: Christopher Rokosz

Duration : 0:1:21

Technorati Tags: investment property, real estate, real estate tips

Duration : 0:3:0

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