Stop Foreclosure Institute of Shelby County Assisting Homeowners in Distress

Shelby County Short Sale Help:Having Financial Problems? Tell Debt Collectors To “Get Lost”

May 18, 2012
Comments 0
Shelby County TN – Most of the short sale sellers that we help are selling this home because of financial problems. They can’t afford the payments and sell their home to avoid foreclosure.

<a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>Click here to discover how other sellers successfully did a short sale and avoided foreclosure.</a>

Because of this I am very familiar with helping my customers who have financial problems. Many of them are struggling to buy groceries, keep the power turned on, and pay for gas to get to work.

They are struggling to pay for the necessities just to survive and feed their family. In most cases they have missed payments on credit cards.

<strong>The credit card companies think that you should pay them before you buy groceries.</strong> If you are in this situation, then do not give a dime of your money to any credit card company.

A credit card is an unsecured debt. They don’t have any collateral to get their money back with. They can’t come get your car or take your house.

Because of that they cram hundreds of people into cubicles and “sic em” on people in financial difficulty. They make hundreds of calls each day. They lie and threaten people to scare them into paying.

If you are having financial problems, then just take a break from these people. Get them off the phone as quickly as possible. Hang up if the conversation has gone longer than 30 seconds.

Don’t believe any threats to sue you. I estimate that 90% of the threats to sue are never carried out. Even if they do sue and get a judgment they can only garnish 25% of your wages.

I estimate that 95% of all unpaid credit cards will never result in a wage garnishment. Now, I’m not saying you shouldn’t pay them.

But, get your life back on track before you do. Get all of the necessities paid for first. Every other payment should be caught up on before you pay them a dime.

You should have an emergency fund of $1,000 or more before you pay them. Your kids, healthcare for the entire family, and all other necessary expenses should be taken care of.

If your car is having problems and needs to be replaced, then buy a new car. Once you have everything in order financially, then you can start working with the past due credit cards.

But, don’t just pay them off in full. Most of them will accept a 10-20% of the original balance. Pay them what you think is fair. When paying them off never send them a check or give them your debit card info.

Some of their contracts have clauses that allow them to charge you more than you had agreed on the phone. Get everything signed and in writing.

Then mail them an untraceable payment method like a money order. That way they can’t take every dime out of your bank account. 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 <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>. 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 888-766-1873

Discover how other sellers successfully completed a short sale and request a free consultation by <a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>clicking here</a>.

Thinking about a loan modification? Our Shelby County loan modification kit has the instructions you will need to get a loan modification approved with your bank. <a href=”http://stopforeclosureshelbycounty.info/loan-modification-secrets.html”>Click here to request a copy.</a>

Thanks for reading this, T.C. Haynes.

T.C. is a Real Estate T C Haynes at First National Realty. Shelby County Short Sales Realtor:

Phone: 888-766-1873. <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>.

Service is the key

View My homes for sale at <a href=”http://www.tcsellsmemphistoday.com”>www.tcsellsmemphistoday.com</a>. <a href=”http://”></a>

TC Haynes specializes in loan modification assistance and short sales in Shelby County Tennessee. Shelby County Loan Modification Help, Shelby County Short Sales, Shelby County Short Sale Realtor     Shelby County TN Short Sales. Shelby County Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

<font size=”+2″><strong>Important Notice</strong></font>

<font size=”+1″>T.C. Haynes, First National Realty, 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 T.C.’s personal views and do not reflect the views of First National Realty.</font>

This information on Shelby County Short Sale Help: Having Financial Problems? Tell Debt Collectors To “Get Lost” is provided as a courtesy to our viewers to help them make informed decisions.

Buying A Shelby County Short Sales? Make Sure You Have This Person Helping You.

May 17, 2012
Comments 0

<a href=”http://gainesvilleshortsaleblog.com/wp-content/uploads/2012/05/happy-family-home.jpg”><img title=”happy-family-home” src=”http://gainesvilleshortsaleblog.com/wp-content/uploads/2012/05/happy-family-home-300×199.jpg” alt=”" width=”300″ height=”199″ /></a>Shelby County TN – Thinking of buying a Gainesville Short Sale? The short sale process is difficult to navigate. The first thing you should do it make sure that the agent who has the house for sale knows what they are doing.

<a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>Click here to discover how other sellers successfully did a short sale and avoided foreclosure.</a>

That person, also known as the “listing agent”, is responsible for negotiations with the short sale lender. They may negotiate the short sale themselves or have a third party do it.

Either way they will be in control of most of the process. The bottom line is that if they do not know what they are doing, then the short sale will be delayed.

You may find yourself waiting 3-4 months for the short sale for the short sale to be approved. Then, after waiting and hoping that you can buy your dream home, you will find out that the short sale lender won’t approve your offer.

“We are so sorry. We worked so hard to convince them to accept it, but they still turned it down”, the agent may tell you. Wouldn’t that be heart breaking?

Unfortunately some agents just do not understand the short sale process. They are too busy with other things and never have a chance to give the short sale negotiations the property attention.

Or, the short sale negotiator they hire may be too busy to give your short sale file the attention it deserves. This is why it is important to find an agent that understands the process backwards and forward.

They will give the file the proper attention or find someone who can. They will know how to overcome any problems and roadblocks that arise.

And at the end of the day you will be able to buy your dream home. 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 <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>. 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 888-766-1873

Discover how other sellers successfully completed a short sale and request a free consultation by <a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>clicking here</a>.

Thinking about a loan modification? Our Shelby County loan modification kit has the instructions you will need to get a loan modification approved with your bank. <a href=”http://stopforeclosureshelbycounty.info/loan-modification-secrets.html”>Click here to request a copy.</a>

Thanks for reading this, T.C. Haynes.

T.C. is a Real Estate T C Haynes at First National Realty. Shelby County Short Sales Realtor:

Phone: 888-766-1873. <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>.

Service is the key

View My homes for sale at <a href=”http://www.tcsellsmemphistoday.com”>www.tcsellsmemphistoday.com</a>. <a href=”http://”></a>

TC Haynes specializes in loan modification assistance and short sales in Shelby County Tennessee. Shelby County Loan Modification Help, Shelby County Short Sales, Shelby County Short Sale Realtor     Shelby County TN Short Sales. Shelby County Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

<font size=”+2″><strong>Important Notice</strong></font>

<font size=”+1″>T.C. Haynes, First National Realty, 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 T.C.’s personal views and do not reflect the views of First National Realty.</font>

This information on Buying A Shelby County Short Sales? Make Sure You Have This Person Helping You is provided as a courtesy to our viewers to help them make informed decisions.

Will My Lender Sue Me After A Shelby County Short Sale?

Comments 0

<a href=”http://gainesvilleshortsaleblog.com/wp-content/uploads/2012/05/file-stack.jpg”><img title=”Minolta DSC” src=”http://gainesvilleshortsaleblog.com/wp-content/uploads/2012/05/file-stack-226×300.jpg” alt=”" width=”226″ height=”300″ /></a>Shelby County TN – Many people are concerned about a potential lawsuit after a short sale.

Many people ask us, “My lender just lost $150,000. Aren’t thing going to be angry that they are losing that much money? Won’t they sue me?”

<a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>Click here to discover how other sellers successfully did a short sale and avoided foreclosure.</a>

The good news is that very few people will get sued. The vast majority of all short sale sellers will be released from the debt as a condition of the short sale.

We have reviewed hundreds of short sale approval letters and are familiar with the laws in different states. We estimate that 85-90% of all short sales will be approved with the deficiency being waived.

But, what about the remaining people? There are several reasons they are unlikely to be sued. Remember, in most cases they can’t collect any money without getting a judgment first.

<strong>Reason #1: It costs $1,000 or more to file a lawsuit in most states</strong>. Between the attorney fees and court costs, it will cost a lender $1,000 to $5,000 to convert the debt into a judgment. The $5,000 number is for people who fight them in court.

<strong>Reason #2: You can’t squeeze blood from a stone. </strong>Most people short sell their house because of financial problems. The banks know this.

They have learned from past experience how hard it is to collect money from someone who is having financial difficulties.

This is why the vast majority of all short sale sellers will never be sued by their lender after 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 <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>. 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 888-766-1873

Discover how other sellers successfully completed a short sale and request a free consultation by <a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>clicking here</a>.

Thinking about a loan modification? Our Shelby County loan modification kit has the instructions you will need to get a loan modification approved with your bank. <a href=”http://stopforeclosureshelbycounty.info/loan-modification-secrets.html”>Click here to request a copy.</a>

Thanks for reading this, T.C. Haynes.

T.C. is a Real Estate T C Haynes at First National Realty. Shelby County Short Sales Realtor:

Phone: 888-766-1873. <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>.

Service is the key

View My homes for sale at <a href=”http://www.tcsellsmemphistoday.com”>www.tcsellsmemphistoday.com</a>. <a href=”http://”></a>

TC Haynes specializes in loan modification assistance and short sales in Shelby County Tennessee. Shelby County Loan Modification Help, Shelby County Short Sales, Shelby County Short Sale Realtor     Shelby County TN Short Sales. Shelby County Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

<font size=”+2″><strong>Important Notice</strong></font>

<font size=”+1″>T.C. Haynes, First National Realty, 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 T.C.’s personal views and do not reflect the views of First National Realty.</font>

This information on Will My Lender Sue Me After A Shelby County Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.

Will I Have My Wages Garnished After A Shelby County Short Sale?

May 16, 2012
Comments 0
 

<a href=”http://gainesvilleshortsaleblog.com/wp-content/uploads/2012/05/relieved.jpg”><img title=”relieved” src=”http://gainesvilleshortsaleblog.com/wp-content/uploads/2012/05/relieved-200×300.jpg” alt=”" width=”200″ height=”300″ /></a>Shelby County TN – Many people are concerned about a deficiency after a short sale. They are afraid that their bank may garnish all of their wages.

It’s scary to think that at any moment your bank could grab every dime you make and leave you broke. Most people short sell their house because of financial problems.

<a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>Click here to discover how other sellers successfully did a short sale and avoided foreclosure.</a>

They can’t afford to lose a month’s worth of salary. But, <strong>here is the good news.</strong> There is a maximum amount that anyone can garnish. According to <a href=”https://www.dol.gov/compliance/guide/garnish.htm”>Department of Labor’s Website</a>, anyone garnishing your wages can take a maximum of 25% of whatever you earn.

Sure, it’s not fun to have 25% of your earnings taken. But, 25% is much less than the 100% that most people think they will take.

So, even if you do get a deficiency on your short sale, it is not the end of the world. They cannot take all of your money and ruin your life.

Before your lender can garnish your wages they usually have to go to court and get a judgment against you. That takes time and costs money. A lawsuit can cost them a thousand dollars or more.

The high costs causes lenders to think twice before sueing most homeowners. <strong>Even better news is the fact that there are a lot of loopholes.</strong> For example, in Florida the head of household is exempt from garnishment.

Most garnishments have to be approved by a judge. If you can show the judge that you have kids to take care of, then they may deny the garnishment.

Or, you can show the judge that a garnishment would cause you serious financial hardship where you couldn’t afford gas to drive to work.

The bottom line is that so few homeowners who short sell their house will ever be pursued with a garnishment.

We have helped hundreds of homeowners with a short sale and haven’t met anyone whose wages were garnished after the 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 <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>. 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 888-766-1873

Discover how other sellers successfully completed a short sale and request a free consultation by <a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>clicking here</a>.

Thinking about a loan modification? Our Shelby County loan modification kit has the instructions you will need to get a loan modification approved with your bank. <a href=”http://stopforeclosureshelbycounty.info/loan-modification-secrets.html”>Click here to request a copy.</a>

Thanks for reading this, T.C. Haynes.

T.C. is a Real Estate T C Haynes at First National Realty. Shelby County Short Sales Realtor:

Phone: 888-766-1873. <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>.

Service is the key

View My homes for sale at <a href=”http://www.tcsellsmemphistoday.com”>www.tcsellsmemphistoday.com</a>. <a href=”http://”></a>

TC Haynes specializes in loan modification assistance and short sales in Shelby County Tennessee. Shelby County Loan Modification Help, Shelby County Short Sales, Shelby County Short Sale Realtor     Shelby County TN Short Sales. Shelby County Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

<font size=”+2″><strong>Important Notice</strong></font>

<font size=”+1″>T.C. Haynes, First National Realty, 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 T.C.’s personal views and do not reflect the views of First National Realty.</font>

This information on Will I Have My Wages Garnished After A Shelby County Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.

 

 

 

 

 

 

Shelby County Short Sale Myth: The Mortgage Forgiveness Law Means That Everyone Gets To Short Sale With No Deficiency

May 11, 2012
Comments 0
Shelby County TN – I recently heard another so-called short sale expert say that the Federal Mortgage Forgiveness Debt Relief Act made it so that everyone gets to short sale with no deficiency

The unfortunate news is that this is not true. In some state, state law forbids the lenders from attempting to collect from the homeowner after a foreclosure or short sale. But, those states are the exception, not the rule.

<a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>Click here to discover how other sellers successfully did a short sale and avoided foreclosure.</a>

Here is what the Federal Mortgage Forgiveness Debt Relief Act does. It enables a homeowner to walk away from an upside down debt without owing taxes on the loss.

See, in the past a homeowner that was released from an upside down debt would owe income taxes on the forgiven debt. It is called “Forgiveness of Debt Income.”

This short sale expert said the following: “I read the Mortgage Debt Forgiveness Act and it states that anyone who short sells their house will be released from the debt.”

It is sad that someone who considers themselves a short sale expert would be so misinformed. So make sure you check out everything before you start the short sale process.

The good news is that in most cases a homeowner can short sale and walk away from the debt. But, it doesn’t happen every time. 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 <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>. 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 888-766-1873

Discover how other sellers successfully completed a short sale and request a free consultation by <a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>clicking here</a>.

Thinking about a loan modification? Our Shelby County loan modification kit has the instructions you will need to get a loan modification approved with your bank. <a href=”http://stopforeclosureshelbycounty.info/loan-modification-secrets.html”>Click here to request a copy.</a>

Thanks for reading this, T.C. Haynes.

T.C. is a Real Estate T C Haynes at First National Realty. Shelby County Short Sales Realtor:

Phone: 888-766-1873. <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>.

Service is the key

View My homes for sale at <a href=”http://www.tcsellsmemphistoday.com”>www.tcsellsmemphistoday.com</a>. <a href=”http://”></a>

TC Haynes specializes in loan modification assistance and short sales in Shelby County Tennessee. Shelby County Loan Modification Help, Shelby County Short Sales, Shelby County Short Sale Realtor     Shelby County TN Short Sales. Shelby County Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

<font size=”+2″><strong>Important Notice</strong></font>

<font size=”+1″>T.C. Haynes, First National Realty, 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 T.C.’s personal views and do not reflect the views of First National Realty.</font>

This information on Shelby County Short Sale Myth: The Mortgage Forgiveness Law Means That Everyone Gets To Short Sale With No Deficiency is provided as a courtesy to our viewers to help them make informed decisions.

 

Will I Owe A Deficiency On A Shelby County Short Sale If I Have A VA Loan?

May 6, 2012
Comments 0

Will I Owe A Deficiency On A Shelby County Short Sale If I Have A VA Loan? HTML STARTS BELOW Shelby County TN – Another common type of loan that does not usually have a deficiency is a VA loan. But, how do you determine whether or not you have an VA loan? Click here to discover how other sellers successfully did a short sale and avoided foreclosure. On your original 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. The picture above is from a VA mortgage. The page for the VA mortgage was 2 pages below the original signature page of the mortgage. The pages between this and the signature page had the notary’s signature and the legal description. You can get a copy of your mortgage from the public records in your county. Most realtors will know how to look up this information. If not, then they will know a title company that can do the research for you. A VA Short Sale is called a “Compromise Sale.” According to those guidelines, they will give a complete release if a seller participates in the short sale program, and there was no “fraud, misrepresentation, or bad faith” on the part of the homeowner. The bad news is that you will not be eligible for another VA loan until you repay the VA for their loss. So you may not be able to get a VA loan in the future. 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 tchaynes@realtor.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 888-766-1873 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thinking about a loan modification? Our Shelby County 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, T.C. Haynes. T.C. is a Real Estate T C Haynes at First National Realty. Shelby County Short Sales Realtor: Phone: 888-766-1873. tchaynes@realtor.com. Service is the key View My homes for sale at www.tcsellsmemphistoday.com. TC Haynes specializes in loan modification assistance and short sales in Shelby County Tennessee. Shelby County Loan Modification Help, Shelby County Short Sales, Shelby County Short Sale Realtor Shelby County TN Short Sales. Shelby County Realtor. Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved. Important Notice T.C. Haynes, First National Realty, 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 T.C.’s personal views and do not reflect the views of First National Realty. This information on Will I Owe A Deficiency On A Shelby County Short Sale If I Have A VA Loan? is provided as a courtesy to our viewers to help them make informed decisions. HTML ENDS This message was sent to tchaynes@realtor.com from: SFI Marketing Institute | 170 SW Legacy Glen | Lake City, FL 32056 Email Marketing by iContact – Try It Free! Manage Your Subscription | Forward To a Friend Previous | Next | INBOX

Shelby County Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender

April 28, 2012
Comments 0

Shelby County TN – Thinking about a loan modification. If you can afford to, then order an appraisal. Or, do your own appraisal.

<a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>Click here to discover how other sellers successfully did a short sale and avoided foreclosure.</a>

Ask your realtor “Hey, what are houses in my area selling for?” I’ve seen people who bought a house for $500,000. Guess what’s it selling for today? $300,000.

If your house has had a 40% drop in value, then you shouldn’t be paying a mortgage payment based on a value of $500,000. You should be paying a mortgage payment based on a value of $300,000. Make sense?

Here’s how to find calculate you should be paying. Google “amortization calculator.” Type in what your home is currently worth. Enter the interest rate you were originally paying.

Look at the example numbers below.

* A $500,000 mortgage at 6% interest is a monthly payment of $2,997.75.

* A $300,000 mortgage at 4.5% interest is a monthly payment of $1,520.06. Remember, interest rates have dropped a bunch lately.

It looks to me like this person is overpaying by $1,477.69 a month. Ouch!

<strong>Run the numbers for your house.</strong> If your lender forecloses on your house, then it’s not necessarily going to sell for the market value. Most foreclosed houses often sell for 85% to 95% of the value today.

Remember, knowledge is power. When you have this information you have a much better negotiating position with your lender.

You can say “Hey guys, foreclose on my house. But, be prepared to lose a ton of money.” 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 <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>. 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 888-766-1873

Discover how other sellers successfully completed a short sale and request a free consultation by <a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>clicking here</a>.

Thinking about a loan modification? Our Shelby County loan modification kit has the instructions you will need to get a loan modification approved with your bank. <a href=”http://stopforeclosureshelbycounty.info/loan-modification-secrets.html”>Click here to request a copy.</a>

Thanks for reading this, T.C. Haynes.

T.C. is a Real Estate T C Haynes at First National Realty. Shelby County Short Sales Realtor:

Phone: 888-766-1873. <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>.

Service is the key

View My homes for sale at <a href=”http://www.tcsellsmemphistoday.com”>www.tcsellsmemphistoday.com</a>. <a href=”http://”></a>

TC Haynes specializes in loan modification assistance and short sales in Shelby County Tennessee. Shelby County Loan Modification Help, Shelby County Short Sales, Shelby County Short Sale Realtor     Shelby County TN Short Sales. Shelby County Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

<font size=”+2″><strong>Important Notice</strong></font>

<font size=”+1″>T.C. Haynes, First National Realty, 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 T.C.’s personal views and do not reflect the views of First National Realty.</font>

This information on Shelby County Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender is provided as a courtesy to our viewers to help them make informed decisions.
 

Yes, I Do Think A Shelby County Loan Modification Is The Right Thing To Do

April 27, 2012
Comments 0

Shelby County TN – I received a note the other day from Andrew. He was upset that I would tell people that are upside down on their house to ask for a principal reduction from their lender. Here was his email.
<a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>Click here to discover how other sellers successfully did a short sale and avoided foreclosure.</a>
“I saw your blog post about how the banks won’t approve principal reductions for people who are struggling financially.
You recommended that anyone upside down should short sale their house because that is the only way to get the amount they owe reduced.
These people took out a loan and made a promise to do everything in their power to repay it. I think it is wrong that you would openly recommend them break that promise.
All that does is make it harder for someone responsible to get a loan. They banks have lost so much money because people walked away from their mortgages that they are making it impossible for responsible people to get a mortgage. Andrew.”
<strong>Here was my response to Andrew’s email.</strong>
“Andrew, thank you for your opinion. Fortunately we live in America and everyone is entitled to their opinion.
I can understand that you are frustrated. It sounds like this has affected you personally when you tried to borrow money. But, let me ask you this.
I meet a homeowner named John. John’s company went under during the economic crisis and John lost his job. He was out of work for six months and burned up all his savings and retirement accounts trying to stay afloat.
Today John is working 2 jobs, but making less money than he did at his previous 1 job. He cannot afford his mortgage payment. His lender will not reduce the payment to where he can afford it.
If he pays it, then he can’t pay for groceries. He makes too much money to qualify for food stamps. So, what should he do?
Should he get a third job, work until he burns out, and then lose everything? Or, should he move to a more affordable house and try to get his life back on track?
I think he should do whatever he can to get his life back on track, whether that be a loan modification or short sale. I know you may think he should work 80 or 100 hours a week until he has repaid every single debt in full.
Ultimately John and his family have to do what makes sense for them. Fortunately, America gives you the freedom to make your own decisions on what is best for you. 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 <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>. 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 888-766-1873
Discover how other sellers successfully completed a short sale and request a free consultation by <a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>clicking here</a>.
Thinking about a loan modification? Our Shelby County loan modification kit has the instructions you will need to get a loan modification approved with your bank. <a href=”http://stopforeclosureshelbycounty.info/loan-modification-secrets.html”>Click here to request a copy.</a>
Thanks for reading this, T.C. Haynes.
T.C. is a Real Estate T C Haynes at First National Realty. Shelby County Short Sales Realtor:
Phone: 888-766-1873. <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>.
Service is the key
View My homes for sale at <a href=”http://www.tcsellsmemphistoday.com”>www.tcsellsmemphistoday.com</a>. <a href=”http://”></a>
TC Haynes specializes in loan modification assistance and short sales in Shelby County Tennessee. Shelby County Loan Modification Help, Shelby County Short Sales, Shelby County Short Sale Realtor Shelby County TN Short Sales. Shelby County Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.
<font size=”+2″><strong>Important Notice</strong></font>
<font size=”+1″>T.C. Haynes, First National Realty, 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 T.C.’s personal views and do not reflect the views of First National Realty.</font>
This information on Yes, I Do Think A Shelby County Loan Modification Is The right Thing To Do is provided as a courtesy to our viewers to help them make informed decisions.

With Home Prices Dropping, In Many Parts Of Shelby County It Is Cheaper To Own Than Rent

April 19, 2012
Comments 0

With Home Prices Dropping, In Many Parts of Shelby County It Is Cheaper to Own Than Rent

HTML STARTS BELOW

<a href=”http://gainesvilleshortsaleblog.com/wp-content/uploads/2012/04/new-home-moving.jpg”><img title=”new-home-moving” src=”http://gainesvilleshortsaleblog.com/wp-content/uploads/2012/04/new-home-moving-200×300.jpg” alt=”" width=”200″ height=”300″ /></a>Shelby County TN – The good news about the housing bust is that home prices are now more affordable. It is now cheaper to buy versus renting in many areas.

<a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>Click here to discover how other sellers successfully did a short sale and avoided foreclosure.</a>

“At the peak of the <a href=”http://www.trulia.com/”>real estate</a> bubble, cities like Miami, Phoenix and Las Vegas were not affordable for many. Now the opposite is true,” said Pete Flint, co-founder and CEO of Trulia.com.

“Home sellers in these hard hit areas are forced to lower their prices to compete with all the <a href=”http://www.trulia.com/foreclosure/”>foreclosures</a> on the market. As a result , these unattainable markets are so affordable it makes better financial sense to buy than rent.”

<strong>Here is how to calculate whether it will be cheaper for you to buy versus rent. </strong>

First, add up what you are paying for rent now. Add together your rent payment and what you pay for renter’s insurance. That is the monthly cost of renting.

Now, let’s add up the cost of home ownership. First, you have the monthly mortgage payment. Add in Home Insurance, Property Taxes, and any Homeowner’s Association Fees.

Now, subtract out the tax savings. To calculate that, take what you will be paying monthly for interest and property taxes. Multiply that by your combined state and federal tax rate.

That is your projected tax savings. Now you have the cost of homeownership and renting side by side to compare. This is good news if you are a home owner. Why? It means that we are closer to a real estate recovery.

Are you or someone you know looking to purchase a home? I will work to help you get the best deal. Send me an e-mail for a list of the 10 best deals in today’s market.

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 <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>. 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 888-766-1873

Discover how other sellers successfully completed a short sale and request a free consultation by <a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>clicking here</a>.

Thinking about a loan modification? Our Shelby County loan modification kit has the instructions you will need to get a loan modification approved with your bank. <a href=”http://stopforeclosureshelbycounty.info/loan-modification-secrets.html”>Click here to request a copy.</a>

Thanks for reading this, T.C. Haynes.

T.C. is a Real Estate T C Haynes at First National Realty. Shelby County Short Sales Realtor:

Phone: 888-766-1873. <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>.

Service is the key

View My homes for sale at <a href=”http://www.tcsellsmemphistoday.com”>www.tcsellsmemphistoday.com</a>. <a href=”http://”></a>

TC Haynes specializes in loan modification assistance and short sales in Shelby County Tennessee. Shelby County Loan Modification Help, Shelby County Short Sales, Shelby County Short Sale Realtor     Shelby County TN Short Sales. Shelby County Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

<font size=”+2″><strong>Important Notice</strong></font>

<font size=”+1″>T.C. Haynes, First National Realty, 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 T.C.’s personal views and do not reflect the views of First National Realty.</font>

This information on With Home Prices Dropping, In Many Parts of Shelby County It Is Cheaper to Own Than Rent is provided as a courtesy to our viewers to help them make informed decisions.

  E

Shelby County Short Sale Question: Should I Short Sale My Home?

Comments 0

<a href=”http://gainesvilleshortsaleblog.com/wp-content/uploads/2012/04/questions.jpg”><img title=”questions” src=”http://gainesvilleshortsaleblog.com/wp-content/uploads/2012/04/questions-200×300.jpg” alt=”" width=”200″ height=”300″ /></a>Shelby County TN – The Stop Foreclosure Institute recently received a question from Sergio. Here was his question.

“I have owned my house since 2006. My employer reduced my salary by 30% and now I have to move out of state where I have found a new job.

The house is a problem. Since 2006 my house price has dropped by about $40,000. That means I have a $40,000 deficiency, which I don’t want to pay.

I have option to rent the house, but I am still considering a short sale. Any advice? Sergio.”

<a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>Click here to discover how other sellers successfully did a short sale and avoided foreclosure.</a>

<strong>Here was our answer to Sergio’s Question:</strong> Sergio, I would attempt a short sale. Depending on your situation and the type of loan you have, more than likely you will not have a deficiency.

I can give you a better answer after I get more information from you.  I wouldn’t recommend renting the house. How hard is it going to be to manage when you are out of state?

What if the tenants stop paying? What if a pipe breaks and floods the house? I’m not saying don’t rent the house. I just know from past experience that managing rental property from a distance is super tough.

I knew a real estate investor who targeted what he called “tired, out of town landlords.” He would offer to buy their property below market.

Surprisingly, many of them accepted his lowball offers because they were so tired of dealing with the property. Here is the other downside on renting.

You will probably have negative cash flow every month. I don’t know what your house will rent for.  But, if you are upside down on your house value, then you are likely also upside down on the rental value.

That means you will almost certainly lose money on the rent every month. With your precarious financial situation, recent 30% salary cut, and move out of state, the last thing you need is another bill each month.

With a short sale you can walk away owing nothing, with no tax liability, and be eligible to buy another house in 3 years.

That sounds a lot better to me than being stuck with a money losing house 2 years from now. 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 <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>. 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 888-766-1873

Discover how other sellers successfully completed a short sale and request a free consultation by <a href=”http://stopforeclosureshelbycounty.info/short-sale.html”>clicking here</a>.

Thinking about a loan modification? Our Shelby County loan modification kit has the instructions you will need to get a loan modification approved with your bank. <a href=”http://stopforeclosureshelbycounty.info/loan-modification-secrets.html”>Click here to request a copy.</a>

Thanks for reading this, T.C. Haynes.

T.C. is a Real Estate T C Haynes at First National Realty. Shelby County Short Sales Realtor:

Phone: 888-766-1873. <a href=”mailto:tchaynes@realtor.com”>tchaynes@realtor.com</a>.

Service is the key

View My homes for sale at <a href=http://www.shortsalememphis.info>www.shortsalememphis.info</a>. <a href=”http://”></a>

TC Haynes specializes in loan modification assistance and short sales in Shelby County Tennessee. Shelby County Loan Modification Help, Shelby County Short Sales, Shelby County Short Sale Realtor     Shelby County TN Short Sales. Shelby County Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

<font size=”+2″><strong>Important Notice</strong></font>

<font size=”+1″>T.C. Haynes, First National Realty, 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 T.C.’s personal views and do not reflect the views of First National Realty.</font>

This information on Shelby County Short Sale Question: Should I Short Sale My Home? is provided as a courtesy to our viewers to help them make informed decisions.

   
 

Older Posts »