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Get your free on-line foreclosure refinance quote and foreclosure help in minutes. Explore your options and compare ways to prevent foreclosure... more...
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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Now Sell Your House As A Short Sale With No Tax Consequences
If you owe more for your house than what it is worth you only have a few home selling options, one of which is losing your home to foreclosure. To avoid a foreclosure you can sell your house as a short sale. A short sale is selling your home at a price that is less than what you owe the bank. Thus ...
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Stop Foreclosure - Are Short Sales the Way to Go?
If you are facing foreclosure, then you have seen the ads for short sales. Real estate agents all over the country are jumping on the short sale bandwagon. However, most are not experienced in short sales and their advice on complicated legal and tax issues can be dangerous for you. What is a short ...
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Mortgage Short Sales - How To Avoid Disaster With One Simple Secret
The New Year was like a dam breaking with respect to foreclosures and homeowners looking for a way out. I received more emails and phone calls yesterday than ever before. A lot of folks I spoke to yesterday have the following issues: 1. Negative amortization loans, where the longer they pay, the ...
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How to Determine Your Short Sale Offer
Here is a question I'm constantly being asked by my students and other real estate investors. The answer to it is not an exact science. First let's identify some common used terminology. BPO (Broker Price Opinion): A generalized opinion or value of the property. These can be exterior and interior. ...
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Short Sale Second Mortgage - How To Get Out Of Two Mortgages At The Same Time
Is a mortgage short sale possible if you have not one mortgage company to deal with, but two? I am the developer of the Mortgage Relief Formula home study course. In my work I receive hundreds of questions from homeowners who owe more than their house is worth and cannot afford to continue making ...
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Foreclosure Options For Everyone
It is a sad reality that many homeowners are having problems paying their house mortgages. Out of the around 120 million American homes, around 4.8 million (or 40%) are facing foreclosures. In fact, about half a million went through actual foreclosure last year. According to the US Department of ...
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How To Do A Successful Mortgage Short Sale - Sell Your House In 9 Days With No Fix-Up
Do you owe more than your house is worth? Or are you unable to make your mortgage payments? Mortgage costs including taxes and insurance should be no more than 40% of your take-home income, at worst. Many people are paying more than this. Your mortgage payments may feel like a crushing burden and ...
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Short Sales - Don't Do It
Have someone else do it for you. Short sales get dealt with just like everything else in my life that even remotely smells like stressful labor; they get delegated. Outsourced. Sub'd out. Avoided at all cost. The purpose of this article is to encourage you to do the same. Life is too short to do ...
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The Basic of a Foreclosure
Short Sales and Foreclosures are inter-related. Under ?Basics of a Short Sale' we see that a Short Sale is a mechanism by which a lender may avoid a mortgaged property going into foreclosure auction by accepting a calculated cost in the form of a discount in order to avoid a far greater unknown ...
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