Stop Foreclosure: A Lie or Incompetent Lender on My Denver Short Sale?

Denver, CO – The Stop Foreclosure Institute recently received this question from another agent. Here was her question.

“I was just told by the lender on a short sale that they will have to “close” the file because they buyer’s name changed. They said that due to Freddie & Fannie rules if the buyer’s name changes they require the file to closed and reopened.

That would cause the file to drag out another 60-90 days. It would make sense to simply process the file now rather than wait until later. Why lose all the works that has been done up until now just to do it all again 60 days from now?”

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

Here was our answer to their question. That sounds like a lie to me. Threaten to call Fannie Mae. The phone number is 202-243-5400.

Call them if it takes too long to re-open the new file. Oftentimes, they will re-open the new one in a week.

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=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: A Lie or Incompetent Lender on My Denver Short Sale?, is provided as a courtesy to our viewers to help them make informed decisions.

Stop Foreclosure: Short Sale Success From Realtor Using Our Strategies!

Denver, CO – It is important to have the right tools in place to negotiate the short sales in today's environment. Here is an email from another Realtor that had incorporated some of our strategies.

"I sent an email to the lender on a short sale, utilizing the e-mail address list you provided. The email was sent at 1:43 p.m. this afternoon. I received the Short Sale Closing Approval at 5:38 p.m. this evening. No promissory notes and no deficiency judgement. Keep up the fight and thanks again for all you guys are doing! Karen.”

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

Our techniques work to help short sale sellers walk away without promissory notes or deficiency judgments. I wish I received approval letters that quick after sending an e-mail!

We have received them in 2-3 days, but not in a single afternoon. It is great to know that you can do the right things to make the banks be responsive!

Let's be honest, this is NOT the rule but more of an exception. This Realtor's email had certainly reached the right management to finalize this situation with a very acceptable result!

We appreciate hearing about how other Realtors have incorporated strategies that have made their sellers resolve their real estate problem with satisfactory success!

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=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: Short Sale Success From Realtor Using Our Strategies!, is provided as a courtesy to our viewers to help them make informed decisions.

Stop Foreclosure: Escalate To An Investor On A Denver Short Sale!

Denver, CO – The Stop Foreclosure Institute recently received an email from Mercedes. Here was her question.

“I need your help on how to escalate a file with Chase. Twelve months and still Chase claims the loan owner, Freddie Mac, will not help with buyer's closing costs, wants a $36,000 promissory note or $15,000 cash from seller at closing!!

The buyer is willing to pay 4-5 thousand at closing and Chase claims Freddie Mac refused to accept that? I don't believe they would rather foreclose and lose more money." Mercedes.

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

Here was our answer to her question. Freddie Mac will normally pay buyer’s closing costs up to 3% of the sales price.

They have approved it on every single Freddie Mac file when the buyer needed it. In my experience, most Freddie Mac files have Private Mortgage Insurance, aka PMI.

PMI is probably asking for the $36,000, not Freddie Mac. If there is no PMI, then Chase is negotiating too hard. If that is the case, then contact Freddie direct.

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=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: Escalate To An Investor On A Denver Short Sale!, is provided as a courtesy to our viewers to help them make informed decisions.

Stop Foreclosure: How Can A Buyer Expedite the Short Sale Process?

Denver, CO – The Stop Foreclosure Institute recently received a question from Mark. Here was his question.

"I am trying to buy a short sale. It has been 4 months and we have heard nothing except that we are now on our 2nd negotiator, still with no contact from them.

I am getting very frustrated. Is there anything I can do on my end to try to push the process this along, or is it all up to the listing agent? Mark.”

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

Here was our answer to his question. It is up to the listing agent to work the process. It is always best to have just ONE contact person interfacing with the lender's negotiators. Too often, if they get overwhelmed with MANY contacting them, it just frustrates them and they will not cooperate as well. The end result is the same, no progress!

If you think that the process is going way too slow, then find another house to procure. Unless that listing agent has a proven track record and a good short sale team to work with short sales, then there isn’t much you can do.

If the short sale property is a great deal, it might be worth it to you to hang on for the long haul. Even if you do stay on board, you should always be on the lookout for another home. Maybe one where the listing agent has a short sale property with a previous approval but THAT BUYER walked, and it is now available for a new offer.

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=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: How Can A Buyer Expedite the Short Sale Process?, is provided as a courtesy to our viewers to help them make informed decisions.

Stop Foreclosure: Can You Avoid a Deficiency on an Inherited Short Sale Property?

Denver, CO – In today's environment of foreclosures and short sales, you are bound to come across a variety of situations that can raise some questions about the process.

Here is one example of a question that was recently received by a potential client.

"Can an investment property that was "inherited" be a successful short sale without the owner having to pay back the deficiency? I am curious to know the answer. Robert.”

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

Here is our answer to Robert's question. Since, the property is now inherited, we can assume that the original owner / loan borrower is deceased. If that is the case, then there is a good chance that there will be NO deficiency for the heirs to the property. Please, contact an Attorney to verify this!

Most lenders' loss mitigation departments will want a short sale package that would include financials, but in this situation, it becomes irrelevant. The borrower is not alive. DO NOT be afraid to negotiate a short sale with an incomplete package!

In the past, we have done many short sales without the completed short sale package due to this similar situation when properties have resided in a Living Trust. Without any recourse for the debt or deficiency. So, GO FOR IT!

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=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: Can You Avoid a Deficiency on an Inherited Short Sale Property?, 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: Notify Congress of Your Failed Short Sales!

Denver, CO – How many "horror stories" do you have in regards to the incompetence of the lender's short sale negotiators / loss mitigation department?

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

After, losing a short sale transaction to a Large well known Bank, Ok, Wells Fargo ... we decided to gather the data from negotiating with WF, and provide the case to our local Congress persons, via the fax. Do we know if anything comes of it, not at this point, but we want them to KNOW what the taxpayers are feeling, today!!

This short sale listing was worked for 5 months, with NO success by the WF negotiators. They claim it was due to FNMA not working the postponement of the foreclosure sale date. We know it was the incompetence of the negotiator and her management!

We had 3 offers during this time frame, with a CASH offer for over 9 weeks. The cash offer was for $160,000, and we had it listed for 3 months at $158,000 before that offer came in. We had been negotiating for 8 weeks on this offer and the negotiator kept losing the file!!?? She was always missing documents or forgot to work it.

After, many discussions with her supervisor, they finally assigned a new person WHO did not work the postponement with FNMA on the foreclosure sale date!!

Bottom line is, it became a bank owned property 5 months later, and SOLD for $142,000!! YES, they lost approximately $18,000 on this one.

Examples are Fannie Mae owned loans, Freddie Mac owned loans, FHA insured loans, VA insured Loans, and even USDA insured loans.

Get the word out to Congress on these issues, and DO NOT be afraid to name the individuals at the bank, in your correspondence!

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: Notify Congress of Your Failed Short Sales!, is provided as a courtesy to our viewers to help them make informed decisions.