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Get Free Foreclosure Advice In Minutes
Get your free on-line foreclosure refinance quote and foreclosure help in minutes. Explore your options and compare ways to prevent foreclosure... more...
Does Your Home Qualify For a Short Sale?
Contrary to popular belief, not every homeowner can qualify for a short sale. While a short sale can help if you are unable to make regular monthly payments on your mortgage, you must present your lender with a valid reason why you can no longer make these payments. Lenders have their own ...
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Exit Strategies When Buying a Pre Foreclosures Part II
Continued from Part I - Pre Foreclosure Information after the Banks' Acceptance Using a Mortgage Broke when Buying a Pre Foreclosure A mortgage broker or bank may also lend you money. Let me say again, in a short sale, you are getting this discount because you told the bank you can close fast. So ...
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How To Get Your Offer To Match The Appraised Value Or BPO In A Preforeclosure Short Sale
That part is easy. The question really is "How to get the appraised value or BPO to match your purchase contract for your preforeclosure short sale that you have already submitted to the bank". Banks depend on BPO's in Pre Foreclosure Real Estate You figure out a fair price that you want to pay for ...
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Five More Tips to Make Your Pre Foreclosure Short Sales Easier
1. Vary the type of mail you send to your pre foreclosure homes address list. Keeping your direct marketing material fresh and interesting will help it avoid the trash can. Sending postcards first is an excellent way to get out your name and some quick information, follow up with a more detailed ...
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The Most Important Thing to Remember When Closing Pre Foreclosure Real Estate
Learn More Tactics with Pre Foreclosure Real Estate You've gone through the process of creating your pre foreclosure letter, using all your pre foreclosure information and now you've got your purchase offer accepted by the bank. Yah! You feel success! But it's not over. Now you're down to the ...
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Short Sale 101
This occurs when the net proceeds from the sale of a home are not enough to cover the sellers' mortgage obligations and closing costs, such as property taxes, transfer taxes, and the real estate practitioner's commission. The seller is unwilling or unable to cover the difference. Some ? although by ...
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Preforeclosure Investing: A Pocket Summary
Banks don't want to have foreclosure property on their hands. What this can mean for you is a huge real estate investing opportunity: buying properties that are in preforeclosure. A preforeclosure is a property on which the bank has begun foreclosure because the owner has missed several mortgage ...
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Short Sale Hardship Letter - An Integral Part Of The Short Sale Package
The short sale hardship letter is the most integral part of the real estate short sale package. Short sales are sometimes offered to homeowners facing foreclosure who do not qualify for a loan modification. In this type of financial agreement the lender allows homeowners to sell their home for less ...
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Credit Repair Secrets Revealed Article 6 - "How to Get Out of Chex Systems"
Ok, for a lot of you this is the article that a lot of people have been waiting for. I just want to say this first: This could take some time and patience in some cases but the result will be what you want if you stick with it. This article is going to be fairly short because I know everyone wants ...
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Foreclosure Hardship Letter - Sample For Bank Loss Mitigation Department
A foreclosure hardship letter is an integral part of Loan Modification or Short Sale package. When homeowners are facing foreclosure, these documents are submitted to the Loss Mitigation Department of the mortgage lender. Loan modifications are offered to homeowners who have the financial ability ...
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