Short Sale Realtor Determines The Value Of Your Home

CA – It is very helpful in loan modification negotiations to know the fair market value of your home. You can use the value to convince your lender to accept your loan modification offer.

As an experienced Short Sale Realtor, I can help you determine the value of your home. Here’s how I do that.

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

First, I will look at all of the homes similar to yours that have sold in the last 6 months. I will pick out the 3 homes that are most similar to yours.

Here are a few things that will cause me to pick one home versus another: Home has very similar features, number of bedrooms, and number of bathrooms. I also prefer to use bank owned and short sale properties.

Yes, it is true that bank owned properties usually sell for less than non bank owned homes. But, if your lender denies your loan modification or short sale and chooses to foreclose, then they will be selling the house as a bank owned property.

I might as well use the comparable sales closest to how they will be selling the property. After I pick out the 3 closest comparable sales, then I do a Comparable Market Analysis.

First, I make adjustments to the other sales. For example, if a home has 10% more living space, then I might adjust it’s comparable value by 5-8%.

After I make all the adjustments I average the sales price of the 3 similar homes. That gives me the fair market value of the home.  This process is very similar to what appraisers do, but it is not an appraisal. Rather, it is a Realtor’s Professional Opinion of your home’s value.

The professional terms for it is: Broker’s Price Opinion. The short version is BPO.  Is it a good valuation of your home? Well, the banks think so. In fact, they use another Realtor’s opinion of the value to determine if they should approve or deny 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 Ashish@EastLionInc.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 (818) 259-3455

Discover how other sellers successfully completed a short sale and request a free consultation by clicking www.EastLionRE.com


Thinking about a loan modification? Our 1 loan modification kit has the instructions you will need to get a loan modification approved with your bank. visit our website for more information: http://www.eastlionre.com/

Thanks for reading this,
Ashish Trivedi.

Ashish is a Real Estate Broker at 1 Short Sales Realtor:
Phone: (818) 259-3455. Ashish@EastLionInc.com.
View My homes for sale at http://www.eastlionre.com/

Ashish Trivedi specializes in loan modification assistance and short sales in San Fernando Valley California. San Fernando Valley Loan Modification Help, San Fernando Valley Short Sales. San Fernando 1 CA Short Sales. 1 Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice
Ashish Trivedi, , 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?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification. We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ashish's personal views and do not reflect the views of .

This information on 1 Short Sales: How To Find Out Who Owns The Loan So You Can Hold Your Bank Accountable is provided as a courtesy to our viewers to help them make informed decisions.

How To Find Out Who Owns The Loan So You Can Hold Your Bank Accountable

1 CA – In our last post, we talked about how you could contact the entity that owns a loan. But, some people were wondering how they could find out who owned their loan.
"I thought ABC Bank owned my loan. I send them a payment every month", they told us. Well, here is how to research the owner of your loan.
http://www.eastlionre.com/ Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Between 65% and 70% of all loan losses are borne by Uncle Sam. He has direct/indirect ownership or insures against losses thru the following entities: Fannie Mae, Freddie Mac, Federal Housing Administration (FHA), and the Veterans Loan Program (VA.)

Here is how to find out if your loan is owned by any of those entities.
Fannie Mae. http://loanlookup.fanniemae.com/loanlookup/
Freddie Mac. https://ww3.freddiemac.com/corporate/

FHA. Towards the top right corner of the first page of the mortgage, there should be a small square. Inside the square, it will say "FHA Case Number 091-424240-703." The case number will be different, but it will still be an FHA loan.

VA. On the mortgage, 1-4 pages past the signature page will be a VA Rider. At the top it will say "NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS." That is a VA loan.

Now you know how to hold your lender accountable. The remaining loans are probably owned by that bank. If that is the case, then you threaten to contact their stockholders. Anyone want to "crash" a stockholder meeting? 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 Ashish@EastLionInc.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 (818) 259-3455

Discover how other sellers successfully completed a short sale and request a free consultation by clicking www.EastLionRE.com

Thinking about a loan modification? Our 1 loan modification kit has the instructions you will need to get a loan modification approved with your bank. visit our website for more information:  http://www.eastlionre.com/
Thanks for reading this, Ashish Trivedi.
Ashish is a Real Estate Agent at . 1 Short Sales Realtor:
Phone: (818) 259-3455. Ashish@EastLionInc.com.

View My homes for sale at .

Ashish Trivedi specializes in loan modification assistance and short sales in San Fernando Valley California. San Fernando Valley Loan Modification Help, San Fernando Valley Short Sales. San Fernando 1 CA Short Sales. 1 Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.
Important Notice

Ashish Trivedi, , 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?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification. We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ashish's personal views and do not reflect the views of .
This information on 1 Short Sales: How To Find Out Who Owns The Loan So You Can Hold Your Bank Accountable is provided as a courtesy to our viewers to help them make informed decisions.

Will Bank Of America Approve Short Sales With No Deficiency?

CA – The Stop Foreclosure Institute recently received this question from another agent. Here was his question.

“"Have you had any luck getting short sales done with no deficiency with Bank of America? My seller is a young couple. They received a job transfer but are very upside down on the house. David”
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

A Quick Note: The reason he is asking this question is because Bank of America uses the same short sale approval letter for all their short sales.

A clause in the letter states that BOA and or its investors may pursue the seller for a deficiency judgment. It is a standard, boiler plate letter put together by their attorneys.
Most short sale negotiators refuse to remove that language. BOA’s legal department puts it there because it protects them against lawsuits.

But, if you are a seller then you want to know for sure that you won’t be chase down for a deficiency. If BOA won’t remove that language, then you can’t know for sure whether or not you will be pursued for a deficiency.
Here was our answer to his question. We have convinced them to remove the deficiency language on a short sale. It's just a matter of requesting it and the owner of the loan being willing to remove it.
(Bank of America doesn’t always own the loan themselves) Ask for an approval letter that states they are waiving all future collection rights.

Also, remind the sellers they also have a risk of being collected from in the future, after the bank forecloses. 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 Ashish@EastLionInc.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 (818) 259-3455

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our 1 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, Ashish Trivedi.



Ashish is a Real Estate Agent at . 1 Short Sales Realtor:



Phone: (818) 259-3455. Ashish@EastLionInc.com.







View My homes for sale at .



Ashish Trivedi specializes in loan modification assistance and short sales in San Fernando Valley California. San Fernando Valley Loan Modification Help, San Fernando Valley Short Sales. San Fernando 1 CA Short Sales. 1 Realtor.







Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.



Important Notice



Ashish Trivedi, , 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?



Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.



However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.



We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.



This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.



You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ashish's personal views and do not reflect the views of .
This information on 1 Short Sales: Will Bank Of America Approve Short Sales With No Deficiency? is provided as a courtesy to our viewers to help them make informed decisions.

An Example Of How We Escalated A Short Sale File

1 CA – I talk about “escalating” a short sale. To put that in perspective, I am going to give you a real life example of how it is done.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

We had a house on the market for 5 months. We started the price at 425k and slowly brought it down to 375k. We received no offers for 5 months.

Then, we finally received an offer for 350k. Since we knew the bank’s appraised amount, we knew that offer wouldn't work.

The bank’s appraisal had come in around 390k. (We didn’t think that number was the real value because buyers weren’t doing anything at that price.)

We knew that that current offer at $350,000 didn't have a shot at getting accepted.

In order to get this file thru, we had two things to do.

1. Get a new, more accurate appraisal done.

2. Escalate the file.

To handle Part 1, we sent our own version of an appraisal to the lender. We explain to them why we did not think the appraisal was accurate and requested that they order a new one.
Then, we asked for their supervisor's contact info. The new appraisal came back at 380k. The buyer told the bank that they would pay 365k, but no more.

The bank accepted the buyer’s offer and we received an approval and the home sold a few weeks later. 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 Ashish@EastLionInc.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 (818) 259-3455
Discover how other sellers successfully completed a short sale and request a free consultation.
Thinking about a loan modification? Our 1 loan modification kit has the instructions you will need to get a loan modification approved with your bank. visit: http://www.eastlionre.com/
Thanks for reading this,
Ashish Trivedi.

Ashish is a Real Estate Agent at . 1 Short Sales Realtor:
Phone: (818) 259-3455. Ashish@EastLionInc.com.

View My homes for sale at  http://www.eastlionre.com/   .

Ashish Trivedi specializes in loan modification assistance and short sales in San Fernando Valley California. San Fernando Valley Loan Modification Help, San Fernando Valley Short Sales. San Fernando 1 CA Short Sales. 1 Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice
Ashish Trivedi, , 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? Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ashish's personal views and do not reflect the views of .
This information on 1 Short Sales: An Example Of How We Escalated A Short Sale File is provided as a courtesy to our viewers to help them make informed decisions.

Can you negotiate with your 2nd, mortgage and other Junior Lien holders for cents on the dollar?

We've all dealt with 2nd mortgages, and they continue to be an issue for anyone negotiating short sales or trying to reduce their mortgage liability for a loan modification.  Discover how we've helped clients negotiate with their current 2nd mortgage holders and junior liens, saving them hundreds-of-thousands.  http://www.eastlionre.com/

Let's take a look at the 'mentality' of what a junior lien holder is facing, and why this remains a challenge. They don't have any equity backing their loan, they can't foreclose on the home (technically they can, but they don't) and the seller usually doesn't have any money to bring to closing. So they're backed into a corner.

Now let's look at some things in your favor...

The 2nd Mortgage really doesn't have a lot of options. If the 1st forecloses, then the 2nd Mortgage will get wiped out completely. At least with a short sale, the 2nd gets $1,000-$3,000 typically, and sometimes more depending on if the 1st allows it.
Also, the 2nd mortgage just needs the same paperwork that you've submitted for the 1st mortgage, with their loan information on each page. The last thing is that most of the time the house is so upside down (ie: negative equity) that they don't do an internal BPO or fight your offer price. If you have questions on how to begin the negotiating process with your junior lender, contact me today: Ashish Trivedi: Ashish@EastLionRE.com



So with all of the above, successfully negotiating with 2nd mortgages comes down to:

1) Get the 1st to pay as much as possible to the 2nd. The more they pay, the better your chances are of having a closing. Here's a quick example: Ask the 1st to give the 2nd $5,000, then ask the 2nd to accept $1,000. If either of them take it, or meet in the middle, then you can have your closing.

2) Get the 2nd a clean short sale package, with their loan number on every page...and their own forms filled out. In Short Sale Commander, we have most of the main 2nd mortgage short sale forms in our Auto Forms tab. These auto-populate so it gets through their red tape faster. Also, you can build the 2nd Mortgage short sale package in about 1 min, with the 2nd mortgage loan number on every page.

3) Set proper expectations with the seller. Too many agents don't do this at the listing. The thought of telling the seller they may need to bring some money or sign a promissory note to settle the 2nd never crosses their mind. Here's what you can do: Explain to them that they have a $75,000 problem on their hands that they'd like you to help them out with. You'll do everything you can to get it taken care of, but if they have to bring $1,000-$2,000 to closing or sign a much reduced note to get out of $75,000 debt, are they willing to do that?

You'll also need to keep notes and have seamless communication via email & fax with the 2nd, just like with the 1st mortgage. If you need to escalate the file at the 2nd mortgage, you can sort and export all the 2nd Mortgage Activity Log entries and get it to the escalation dept or a manager.

Thinking about a loan modification or Short-Sale? Contact Us Today for free consultation.


Thanks for reading this, Ashish Trivedi.
Ashish is a Real Estate Broker
Phone: (818) 259-3455. Ashish@EastLionRE.com.

View My homes for sale at http://www.eastlionre.com/
Ashish Trivedi specializes in loan modification assistance and short sales in San Fernando Valley California. San Fernando Valley Loan Modification Help, San Fernando Valley Short Sales. San Fernando 1 CA Short Sales. 1 Realtor.

The views expressed here are Ashish's personal views and do not reflect the views of
Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice:
Ashish Trivedi, , 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?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.
We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

Short Sale Question: I’m In A Jam With Two Mortgage Companies Fighting Over Money

1 CA – 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.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.”

http://www.eastlioinre.com/ 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 Ashish@EastLionInc.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 (818) 259-3455

Discover how other sellers successfully completed a short sale and request a free consultation by visiting http://www.eastlionre.com/

Thinking about a loan modification? Our 1 loan modification kit has the instructions you will need to get a loan modification approved with your bank.
Thanks for reading this, Ashish Trivedi.
Ashish is a Real Estate Agent at . 1 Short Sales Realtor:
Phone: (818) 259-3455. Ashish@EastLionInc.com.
View My homes for sale at http://www.eastlionre.com/
Ashish Trivedi specializes in loan modification assistance and short sales in San Fernando Valley California. San Fernando Valley Loan Modification Help, San Fernando Valley Short Sales. San Fernando 1 CA Short Sales. 1 Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.
Important Notice
Ashish Trivedi, , 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?
This information on 1 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.

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.
We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ashish's personal views and do not reflect the views of .

Short Sale Question: Lender Won’t Approve The Short Sale. What Should I Do?

1 CA – 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 Ashish@EastLionInc.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 (818) 259-3455
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our 1 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, Ashish Trivedi.
Ashish is a Real Estate Agent at . 1 Short Sales Realtor:
Phone: (818) 259-3455. Ashish@EastLionInc.com.
View My homes for sale at .
Ashish Trivedi specializes in loan modification assistance and short sales in San Fernando Valley California. San Fernando Valley Loan Modification Help, San Fernando Valley Short Sales. San Fernando 1 CA Short Sales. 1 Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.
Important Notice
Ashish Trivedi, , 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?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.
We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ashish's personal views and do not reflect the views of .

This information on 1 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.

Short Sales: More Reasons Why Short Sales Fail

1 CA – We recently gave a couple of common reasons that short sales fail. Today, we will go thru a few more reasons.

(To recap, here were the reasons we put in our previous blog post. Reason #1: The sales price is lower than the lender wants. The lender thinks the home is worth more than it is selling for and won’t approve the short sale unless the price is for the value they have.
Reason #2: The tenant doesn’t allow the home to be showed. Many tenants do not want the home to be shown to buyers because they will have to move before it sells.)
Reason #3: Your realtor never followed up with the lender. Short sale negotiators are not in a rush. They don’t get paid by the file.
They also make the rules. They will issue ultimatums. “Get me this document by Tuesday. If you don’t, then I will cancel the short sale process.”
Restarting the short sale process will set you back 30-60 days. If your agent doesn’t follow up on the process regularly and quickly respond to requests, then your short sale may be canceled.
Reason #4: Your realtor didn’t keep their paperwork organized. Lenders want correct paperwork that is properly filled out. They want everything organized.
Most short sale departments are a bureaucracy. They have checklists to fill out, forms to check, and other things to check.
If your agent is not organized, then they won’t be able to give them the correct paperwork. They might lose paperwork and have to hunt down replacements.

This takes time and slows down the process. So, be sure you hire an organized, competent agent to help you with your 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 Ashish@EastLionInc.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 (818) 259-3455
Thanks for reading this, Ashish Trivedi.
Ashish is the owner of East Lion Realty & Mortgage
Phone: (818) 259-3455. Ashish@EastLionInc.com.

Short Sale Myth: Anyone Can Negotiate With The Lender

1 CA – Yes, many people think they can negotiate with the lender. But, some of them don’t have the skills necessary to be successful.

Here are a few of the things someone needs before they can negotiate a short sale.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

They must have the ability to understand HUD-1 Closing Statements. The lenders will want a copy of the closing statement, also call a HUD-1.

Most people in the lender’s short sale departments are very familiar with HUD-1s. The person negotiating with you will need to answer any questions they have about the HUD and know how to make changes to it.
They must know the short sale seller’s rights. Most short sale transactions fall under certain guidelines. The lenders don’t always like to follow those guidelines.
They might ask the seller to accept a promissory note when the guidelines don’t require that. You could be stuck repaying thousands of dollars unnecessarily.
Make sure the person negotiating on your behalf has a complete understanding of your rights.
They must know how short sale negotiators think. Short sale negotiators don’t just approve every short sale.
There is a process they must follow before approving or rejecting a short sale offer. If the person doesn’t understand then they won’t be able to work your file thru the process to receive an approval. 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 Ashish@EastLionInc.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 (818) 259-3455

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our 1 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, Ashish Trivedi.
Phone: (818) 259-3455. Ashish@EastLionInc.com.

Short Sales: How To Publicize Your Lender’s Failings

1 CA – If you get annoyed at your bank, then here are a few methods you can use to let the world know about your lender's failings.
One technique is a rip off report. Just put all the information onto www.ripoffreport.com. Just be sure to detail stuff that will hurt them.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure. http://www.eastlionre.com/

You will want to put the CEO’s name into your report. You can also put down keywords like "Lender Name Loan." When someone searches Google for your lender’s name and loan, your post might just show up.
Don't talk about your lender only. Target the keywords that bring them business.
Another place to file your complaints is on your review for your local Lender on Google Maps. Lots of consumers search for a bank location on Google Maps. They will see the reviews when they pull them up.
One other technique that would be great is Wikipedia. I don't have enough time to figure out how Wikipedia works, but that is an idea for anyone who wants to try it out. 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 Ashish@EastLionInc.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 (818) 259-3455
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our 1 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, Ashish Trivedi.

Ashish is a Real Estate Agent at . 1 Short Sales Realtor:

Phone: (818) 259-3455. Ashish@EastLionInc.com.

View My homes for sale at .

Ashish Trivedi specializes in loan modification assistance and short sales in San Fernando Valley California. San Fernando Valley Loan Modification Help, San Fernando Valley Short Sales. San Fernando 1 CA Short Sales. 1 Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Ashish Trivedi, , 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?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ashish's personal views and do not reflect the views of .

This information on 1 Short Sales: Does escalating the file even work? is provided as a courtesy to our viewers to help them make informed decisions.

Short Sales: Forensic Audits Exposed

1 CA – If you are thinking of short selling your house, then you have probably about forensic loan audits. Some claim they are wonderful. "Your lender will approve your short sale right away", one so called expert claimed.
"Your lender is more likely to give you a loan modification after you discover they broke the law. And most loans were illegal during the crazy lending period we experienced recently", claims another.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Even more insane is the guy who claims, "Lenders will jump over themselves to approve your short sale flip offer." I didn't know if any of this stuff was true.

But, I did hear a story where a lender didn't care about the forensic loan audit. An agent I know was working with a woman who was trying to sell 3 houses.

He knew they were short sales and was glad to list them for sale. There was a guy involved who was supposed to be doing all the "negotiating" with the lender.

Little did this agent know this guy was trying to flip the houses. (Buy for X and resell for $10,000 more.) This guy had someone do a forensic loan audit.
He did this in an attempt to force the lender to approve the short sale. The only problem was the lender didn't care. The negotiators at the lender were not going to approve the short sale flip offer.
"We know this guy is trying to flip the house. We won't approve the short sale as long as he is doing that", they said.
This was despite the forensic loan audit that some claim will have lenders trip over themselves to approve the short sale. It appears they aren’t as eager as some people would have you believe. 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 Ashish@EastLionInc.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 (818) 259-3455
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our 1 loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Ashish Trivedi, , 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?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ashish's personal views and do not reflect the views of .

This information on 1 Short Sale Question: Can I Short Sale If My House Is Already In Foreclosure? is provided as a courtesy to our viewers to help them make informed decisions.

Short Sales: Does escalating the file even work?

1 CA – The Stop Foreclosure Institute recently received a question from Katie. Here was her question.

I am an agent and I am helping someone short sell their house. X Lender (to remain unnamed) claims that they have sent a short sale package to the seller a couple of times.
But, they haven’t because my customer has never received anything. What can I do? They won’t start the short sale process until they receive the filled out package back from the seller. Katie.”
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here was our recommendation to Katie. Katie, you need to find out who owns the loan. Most likely it isn’t X Lender.
Then, tell the lender representative person that you will contact the loan owner direct and let them know about their incompetence.

As an example, we recently told a negotiator at a large nationwide lender that we would contact all the VFW posts about their incompetence on a VA short sale.

Their incompetence was causing the VA loan program to lose money. We threatened to tell America's Veterans how this lender was wasting their money.
We even put together a press release. What did that negotiator do? She got the short sale approved ASAP. This lender had been dragging their feet for almost two months before that.
We were able to get another large national lender to start working on an FHA file right away, when we reminded about a 5 day turnaround requirement that is in the FHA short sale guidelines.
The basis for contacting the loan owner is that you are holding the servicer accountable. Don't kid yourself, it works. The people who stand to lose money are going to be angry that the lenders do such a lousy 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 Ashish@EastLionInc.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 (818) 259-3455
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our 1 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, Ashish Trivedi.
Ashish is a Real Estate Agent at . 1 Short Sales Realtor:
Phone: (818) 259-3455. Ashish@EastLionInc.com.

View My homes for sale at .

Ashish Trivedi specializes in loan modification assistance and short sales in San Fernando Valley California. San Fernando Valley Loan Modification Help, San Fernando Valley Short Sales. San Fernando 1 CA Short Sales. 1 Realtor.
Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Ashish Trivedi, , 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?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ashish's personal views and do not reflect the views of .

This information on 1 Short Sales: Does escalating the file even work? is provided as a courtesy to our viewers to help them make informed decisions.

Short Sale Question: Can I Short Sale If My House Is Already In Foreclosure?

1 CA – The Stop Foreclosure Institute recently received a question from Dave. Here was his question.

“I would like to short sale my house. However, the foreclosure has already started. I don’t know how soon the bank is going to come and kick me out.

Can I still short sale? Or, is it to late? Dave.”

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

Here is the answer to his Question. Dave, yes you can still short sale your house. It does depend on how far along you are in the foreclosure process.

You have to remember that the foreclosure process can take a long time. We have seen foreclosure court cases drag out for 2-3 years.

In one rare case Patsi Campbell, a homeowner in Florida, had a foreclosure drag out for 25 years. However, that is a fluke.

The Wall Street Journal gives us a better perspective:

“Ms. Campbell’s foreclosure case has outlasted two marriages, three recessions and four presidents. She has seen seven great-grandchildren born, plum real-estate markets come and go and the ownership of her mortgage change six times.”

The good news is that you can short sale your house, even if the foreclosure has already started. An experienced short sale agent can tell you for certain if you have enough time or not.

You may have more time than you think. Average foreclosure timeline has double and tripled. The foreclosure court system is overloaded and can’t handle the avalanche of files coming their way. 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 Ashish@EastLionInc.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 (818) 259-3455

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our 1 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, Ashish Trivedi.
Ashish is a Real Estate Agent at . 1 Short Sales Realtor:
Phone: (818) 259-3455. Ashish@EastLionInc.com.

View My homes for sale at .

Ashish Trivedi specializes in loan modification assistance and short sales in San Fernando Valley California. San Fernando Valley Loan Modification Help, San Fernando Valley Short Sales. San Fernando 1 CA Short Sales. 1 Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.
Important Notice
Ashish Trivedi, , 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?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Ashish's personal views and do not reflect the views of .
his information on 1 Short Sale Question: Can I Short Sale If My House Is Already In Foreclosure? is provided as a courtesy to our viewers to help them make informed decisions