Stop Foreclosure: Reminder for Mortgage Debt Forgiveness, HB3648!

Denver,CO – We are moving into the last year of the Mortgage Debt Forgiveness Bill, HB3648, that was put into place by the Bush Administration and extended by Obama's until Dec. 20th, 2012.

You are asking WHY is this important?

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

One of the important issues of this HB, is that it allowed for the home loan borrowers to protect themselves from the "TAX Liability" on any deficiencies or outstanding debts incurred due to a short sale process.

Understand that it MAY NOT protect ALL home loan borrowers from the "tax liability", such as an investor that borrowed the funds to PURCHASE an investment property. You might need more assistance from your tax accountant to determine this.

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Do not forget the implications of HB3648! Reminder for you, if you had performed a short sale closing in the year 2011, get with your attorney and tax accountant to take advantage of this law!

If you need to perform a short sale TODAY, to avoid or stop a foreclosure, get it done before the end of December 2012... or it might be too late!

We all want to avoid the immediate tax implications of a short pay-off deficiency and outstanding debt!

Thinking about a loan modification?Our Westminster loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Request your FREE copy,BELOW

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Thanks for reading this, Dan Hopper.

View My homes for sale at www.danhopper.com.

Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

For related blog / video blogs, click on the links, below!!

http://denverloanmodhelp.com/?p=329

www.youtube.com/user/denverloanmodhelp

www.youtube.com/user/yourhomesellshere

FOLLOW DAN HERE:

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

Important Notice

Dan Hopper, Remax Alliance, 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 Dan Hopper's personal views and do not reflect the views of RE/MAX Alliance.

This information on Stop Foreclosure: Reminder for Mortgage Debt Forgiveness, HB3648!, is provided as a courtesy to our viewers to help them make informed decisions.

Stop Foreclosure: First Impression, the Curb Appeal of Your Home!

Denver, CO – No matter what the circumstances are when you’re selling your home, you want to get top dollar for it. Packaging the property to make it more attractive is the "curb appeal" you are seeking!

First impression is what you are seeking when placing a home on the market. In some geographical markets, the exterior will always look appealing during certain times of the year. As an example, in Colorado, the grass, trees, flowers, and other outside decor looks best between the months of May and September. That is the "packaging" that appeals to the prospective buyer!

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

During the other months, in Colorado, you must ensure that other items create an attractive curb appeal to capture that first impression. The day you are showing a property, there may be snow on the ground and the exterior vegetation is not a part of that curb appeal. Neither is the driveway and sidewalk with snow pack on them. (Other words, clean them off)

When you’re sitting there at a holiday get together or at a birthday party, the first package that catches your eye is the package that’s wrapped perfectly. The one gift that looks well cared for and beautiful on the outside. From that one look of the outside wrapping of that gift you just know that whatever is inside has to be something special if the person took that amount of time in wrapping it so perfectly.

The same goes in the opposite direction also. If someone stops at the last minute and literally just leaves the gift in the bag from the store they bought it from and slaps a bow on it, your first thought isn’t “wow that’s got to be a great gift” but instead you probably barely glance in that direction. It could be a great gift but the presentation says that the gift giver didn’t put a whole lot of time, effort and thought into it so chances are whatever they bought didn’t have a whole lot of thought put in it either.

Your home is much like that birthday gift or special holiday gift. The “wrapping” is the outside curb appeal. If someone is driving by and they see this beautifully wrapped home, one with perfect lighting placed in just the right spots, clean driveways and sidewalks, trimmed bushes and freshly painted trim they’re going to take a second look. However, driving by the house that is just sitting in a plain bag with a bow, trim peeling, overgrown, untrimmed bushes and landscape with no appealing lighting on to help them see the entire area is going to cause the potential buyer to literally not even give the house a second look as they drive by.

The inside of the house could be immaculate and have every amenity imaginable but because it wasn’t “wrapped” in beautiful gift wrap with a sparkling bow and attention grabbing beauty, it will either be passed by or if out of desperation they do look further they’re going to offer a lot less simply based on the shabby packaging.

So that’s curb appeal. Curb appeal is the beauty a potential buyer sees from the outside before they ever even begin to approach the inside. Curb appeal is what makes them say, “We should really take a look at this one!” You can see how important it is that the curb appeal of your home be that perfectly wrapped package. Make your house be the package that jumps out amongst the other gifts. Make those potential buyers drive by and say “We have to open that package! Anyone who took the time to make it look so perfect has to have good taste! It can only get better from here!”

That is how important curb appeal is in selling your home. Make your home shine from the outside in and give them the feeling that with a beautiful bow and perfectly matched paper, this is the gift they want to open!

Thanks for reading this, Dan Hopper.

View My homes for sale at www.danhopper.com.

Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

For related blog / video blogs, click on the links, below!!

http://denverloanmodhelp.com/?p=329

www.youtube.com/user/denverloanmodhelp

www.youtube.com/user/yourhomesellshere

FOLLOW DAN HERE:

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

Important Notice

Dan Hopper, Remax Alliance, 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 Dan Hopper's personal views and do not reflect the views of RE/MAX Alliance.

This information on Stop Foreclosure: First Impression, the Curb Appeal of Your Home!, is provided as a courtesy to our viewers to help them make informed decisions.

Stop Foreclosure: One Step to Make Denver Short Sales Happen Sooner!

Denver, CO – Here is a problem: Buyers don't like short sales because of the uncertainty and the wait.

How do we solve this problem?

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

When I first started doing short sales (we called them short pay-offs back then) about 12 years ago, the banks were a lot more receptive to working a short pay-off with the broker's ability to bring in many offers to get the approval done. There was no re-assigning a negotiator or closing out the file causing delays in the process!

We did not have the waiting period that we are face with today, and the lenders would get an appraisal or BPO done in a timely manner. But, let's remember, there were NOT as many short sales back then as we have been dealing with over the last 6 years.

Today, during the short sale process, if the BPO gets completed and the bank won't accept the buyer's offer, they loss mitigation department would close the file, threaten to let it go to foreclosure, or re-assign a new negotiator if you were to bring in a higher offer.

We do our best to request their negotiators / management to keep the file open, due to working counters and back up offers that can expedite the process and keep buyers from walking on us.

There are several reasons that banks should be willing to keep the file open.

Reason #1: Their investor has already spent $65 to $100 on a BPO or $350 on an appraisal.

Reason #2: A bank or servicer's job is reducing the losses as much as possible. Keeping the file open will make the property more marketable, which will allow for the brokers to procure higher offers.

Reason #3: It will help the bank/servicer reduce their costs. It will take less time for them to approve future files, versus if the file had to be completely re-opened, a new BPO ordered, a new negotiator assigned, and the financials reviewed all over again.

Keep in mind, that the servicer of the loan, gets a monthly fee for that service. So, for them to prolong the process means more money for them. The investors need to provide more incentives to negotiate the short sale versus a foreclosure.

In fact, congress is even thinking about making this a law on Fannie Mae & Freddie Mac short sales. Until then, we will have to petition for it on each individual file.

Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at denverforeclosureblog@gmail.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 303-521-0984

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

Thinking about a loan modification?Our Westminster loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Request your FREE copy, below!


Thanks for reading this, Dan Hopper.

View My homes for sale at www.danhopper.com.

Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

For related blog / video blogs, click on the links, below!!

http://denverloanmodhelp.com/?p=301

www.youtube.com/user/denverloanmodhelp

www.youtube.com/user/yourhomesellshere

FOLLOW DAN HERE:

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

Important Notice

Dan Hopper, Remax Alliance, 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 Dan Hopper's personal views and do not reflect the views of RE/MAX Alliance.

This information on Stop Foreclosure: One Step to Make Denver Short Sales Happen Sooner!, is provided as a courtesy to our viewers to help them make informed decisions.

Stop Foreclosure: Loan Modifications Do Have Some Success!

Denver, CO - If you've ever tried to get a loan modification, then you know how tough it can be. Here is one reason why. The negotiations are all based off of how much the lender can squeeze out of you. The lenders feel like they are entitled to every penny they can get. They won't stop squeezing you until they get repaid every dime.

Let me tell you about a "successful" loan modification that recently happened to one of my affiliate business owners. Remember, right now we are experiencing about only 3% getting approved!!

Thinking about a loan modification?Our Westminster loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Request your FREE copy, below!


Many loan modification customers end up paying more than their home is worth. My acquaintance is no exception to this situation! He had a 1st loan of about $250,000, and a 2nd loan of about $70,000. When he first inquired about the loan modification program, since his property was now worth about $240,000, and he was going to have a difficult time making payments in the near future.

Sounds a lot like most homeowners out there, right? Of course, the first error made by the 1st lender was to tell him he had to be behind by 3 payments to work a loan modification! THIS IS NOT TRUE!! Needless to say, he allowed this to happen and impacted his credit!!

Now, just as a side note, LOAN MODS will impact your credit, anyway!! Why?? The bank is NOT receiving from you the original amount of the payments. So, they define you in default each time it is LESS than the original, and WILL REPORT that to the credit bureaus!! This will happen during the "trial period" the banks have you do in order to determine that you are a good candidate for the loan mod. Some times this trial period is for 3 months, and extended once or twice. His was extended 3 times.

By the time it was all said and done, and the lender on the 1st approved a loan mod, they did adjust his interest rate down to 2.5%!! The only added about $11,000 on the bank end of the loan amount to make up for the missed payments and shortage on the trial loan mod payments. This reduction due to the loan mod is saving him about 40% from the original loan payment! This loan modification effort was over a one year period!

The 2nd loan was kept current and was never an issue, so he still has that debt to pay on.

Yes, this is a successful loan modification performed to avoid a possible foreclosure!!

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

Thanks for reading this, Dan Hopper.

View My homes for sale at www.danhopper.com.

Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

For related blog / video blogs, click on the links, below!!

http://denverloanmodhelp.com/?p=301

www.youtube.com/user/denverloanmodhelp

www.youtube.com/user/yourhomesellshere

FOLLOW DAN HERE:

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

Important Notice

Dan Hopper, Remax Alliance, 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 Dan Hopper's personal views and do not reflect the views of Remax Alliance.

This information on Stop Foreclosure: Loan Modifications Do Have Some Success!, is provided as a courtesy to our viewers to help them make informed decisions.

Stop Foreclosure: I’m Sick And Tired And I’m Not Taking It Anymore!

Westminster CO – We recently received an e-mail from another agent that was having a hard time with a short sale.

“I have been working this short sale file for 4 months. There has been “no movement” no responses from the bank, no closing date.

The November 30th date just continues to trickle closer and closer leaving the sickened buyers more upset and almost at their wits ends.”

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

Here is what has been done by other short sale brokers through-out the country. They have sent out press releases and contacted the bank’s CEO. If employees are dragging their feet, then you need to apply pressures elsewhere!

I know of one successful short sale broker that had a short sale with a large national lender. They sent a fax to the CEO and got a response the next day. The are currently running a big press blitz against another lender.

In some cases, we have even obtained the email address of the V.P. and CEO of these organizations and sent them our frustrating story with their company, with a cost analysis of the losses!!

They have dragged their feet on a short sale on a Veteran’s Administration Insured loan. As a result, a US Veteran risks losing his house to foreclosure.

This lender Wells Fargo has the right to decide to do a lousy job. But, they also risk alienating themselves from the 27 million veterans in the US.

And we are going to let those veterans know what's happening. We put together the facts on the story. We are going to fax the story to every single VFW post in the US.

Sometimes you have to do something to get their attention!

Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at denverforeclosureblog@gmail.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 303-521-0984

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

Thinking about a loan modification?Our Westminster loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Request your FREE copy, below!


Thanks for reading this, Dan Hopper.

View My homes for sale at www.danhopper.com.

Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

For related blog / video blogs, click on the links, below!!

http://denverloanmodhelp.com/?p=301

www.youtube.com/user/denverloanmodhelp

www.youtube.com/user/yourhomesellshere

FOLLOW DAN HERE:

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

Important Notice

Dan Hopper, Remax Alliance, 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 Dan Hopper's personal views and do not reflect the views of Remax Alliance.

This information on Stop Foreclosure: I’m Sick And Tired And I’m Not Taking It Anymore! , is provided as a courtesy to our viewers to help them make informed decisions.

Stop Foreclosure: How Much Do You Charge For A Short Sale in Denver?

Westminster CO – The Stop Foreclosure Institute recently received a question from Tawny. Here is Tawny's Question.

"I have not been late on any payments but my income will be changing dramatically towards the end of the summer. What is your exact service and what are the fees involved? I do not have any cash in savings and pretty much live paycheck to paycheck. Tawny."

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Here is the answer to Tawny's Question: A Short Sale doesn't cost the homeowner any money. All of the costs are paid for by the homeowner's lender.

Now, I'm sure you are asking, "The bank is losing money on the short sale. They wouldn't want to have to pay to sell the property."

Many people also think this. After all, it makes sense logically. But, it's actually not the case.

Banks have been lending money for centuries. They have learned from past experience that a short sale is a good way to cut their losses.

In fact, a recent study by the Boston Consulting Group, on a National average, actually showed that a short sale reduced a lender's losses by 20%, compared to a foreclosure.

After a lender forecloses on a property they put it up for sale. They have to hire and pay a real estate brokerage firm and all the other related costs.

Why not pay those costs on a short sale and cut their losses by 20%? It's a good business decision. And that's why a short sale doesn't cost the homeowner anything.

Your lender covers all the cost including the real estate agent, title fees, and other closing costs. Thi

Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at denverforeclosureblog@gmail.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 303-521-0984

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

Thinking about a loan modification?Our Westminster loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Request your FREE copy, below!


Thanks for reading this, Dan Hopper.

View My homes for sale at www.danhopper.com.

Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

For related blog / video blogs, click on the links, below!!

http://denverloanmodhelp.com/?p=301

www.youtube.com/user/denverloanmodhelp

www.youtube.com/user/yourhomesellshere

FOLLOW DAN HERE:

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

Important Notice

Dan Hopper, Remax Alliance, 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 Dan Hopper's personal views and do not reflect the views of Remax Alliance.

This information on Stop Foreclosure: How Much Do You Charge For A Short Sale in Denver?, is provided as a courtesy to our viewers to help them make informed decisions.

Stop Foreclosure: Get the Right Value on the Denver Short Sale Appraisal!

Westminster CO – The biggest threat to your short sale is a high appraisal. Which is why your agent needs to make sure the appraisal is done with the right market value information! In an earlier blog, we discussed how important it was to know when the appraiser or real estate agent is doing the appraisal or BPO.

Here is the process the listing broker needs to follow to ensure a more accurate appraisal/BPO.

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

The person doing the appraisal/BPO doesn’t understand why the home is selling for a specific sales price. They don’t understand why buyers are only willing to pay a certain contract value. That is why the listing agent must explain that story to them.

First, your listing agent should always meet them at the property and bring a detailed Comparable Market Analysis (CMA) with them, whenever possible. Appraisers do like getting MORE information in order to assist them in their evaluation!

It means they do not have to spend more time chasing down information that might be difficult to locate. Thus, getting the appraisal/BPO done in a timely manner.

The CMA should include at least 3-5 comparable sold homes, 2-3 comparable homes currently under contact, and 3-5 active competing homes currently on the open market. When we talk about short sale listings, the best comps are other short sales listings or foreclosed listings!

Also, appraisers want the closest geographic comps available.

In order to better tell the story of this property, the listing agent should show them the MLS history and explain why the house is only selling for this amount. More supporting data will HELP the process!!

Also, our Short Sale Team likes to use a "property condition" report, that the sellers filled out when the listing agreement was done. Why?

This information includes items that need repaired or replaced and an estimated cost of those tasks! This is provided to the appraiser or real estate agent doing the appraisal or BPO. Again, this input helps tell the story of this property!

A real estate agent will use the listing agent’s comps most of the time. An appraiser will be receptive to taking the information, and it is the listing agent's job to "encourage" the use of their input!!

Thinking about a loan modification?Our Westminster loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Request your FREE copy, below!


Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at denverforeclosureblog@gmail.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 303-521-0984

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

Thanks for reading this, Dan Hopper.

View My homes for sale at www.danhopper.com.

Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

For related blog / video blogs, click on the links, below!!

http://denverloanmodhelp.com/?p=265

www.youtube.com/user/denverloanmodhelp

www.youtube.com/user/yourhomesellshere

FOLLOW DAN HERE:

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

Important Notice

Dan Hopper, Remax Alliance, 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 Dan Hopper's personal views and do not reflect the views of Remax Alliance.

This information on Stop Foreclosure: Get the Right Value on the Denver Short Sale Appraisal! is provided as a courtesy to our viewers to help them make informed decisions.