Today I wanted to take a different direction with this video. I of course have a shout out, but I also decided to take you inside a recent conversation that I had with a seller. There seems to be a very common series of questions that almost every seller asks me when I talk with them about a short sale.
1.Should I stop making my mortgage payments?
2.Do I have to be behind in my mortgage payments to do a short sale?
The conversation also took an interesting direction regarding her financial sheet and could have ended the short sale on a very poor note if we had not dug in a little deeper to find out what was really going on with her finances.
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Servicing, Spokane Teachers Credit Union, STCU, Suntrust, TB&W Bank, TCF Bank, United Mortgage & Loan, USAA, US Bank, Wachovia, WAMU, WA Trust, Wells Fargo, Wilshire, Yale Mortgage, Washington, California, Oregon, Idaho, Utah, Colorado, Nevada, Arizona, New Mexico, Texas, New Jersey, New York, US Treasury, Obama Administration, Home Affordable Foreclosure Alternative, Home Affordable Modification Program, HAFA, HAMP
Duration : 0:10:44
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Down payment assistance can help determine how much house you can afford. Find out how in this video on buying a home.
Expert: Brett Staggs
Bio: Brett Staggs has been working in the mortgage industry for the past 6 years. He has worked for a title company, a credit reporting company, and two major banks.
Filmmaker: Dana Glover
Duration : 0:1:57
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Technorati Tags: afford, affordability, bank, buy, buying, Cash, Cost, credit, Down, estate, home, house, Income, interest, loans, market, Money, mortgage, only, Payment, Price, real, taxes
http://www.informedtrades.com/
The 2nd lesson in a 3 part series examining the sub prime mortgage US Banking crisis and how this has affected the economy and different financial institutions around the world.
Duration : 0:7:7
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Technorati Tags: cdo, crisis, financial, housepricecrash, mortgage, stockmarket, Sub-Prime, subprime
http://www.WhatcomInvestmentProperty.com has access to the best wholesale investment property bargains throughout Whatcom & Skagit County. If youre a real estate investor looking to buy the best property deals, then look no further, as we are also real estate investors serious about getting you the best wholesale discount properties.
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Join http://www.WhatcomInvestmentProperty.com and get priority email notification for ever deal that we find in Blaine, Bellingham, Ferndale, Lynden, Burlington & Mount Vernon and the rest of Whatcom & Skagit County in WA. You will also get free access to our Special Report titled How To Buy Investment Property The RIGHT Way and learn more about how you can get funding and financing for your deals.
Duration : 0:2:8
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We discuss the problems with the Alt-A and Sub Prime mortgage market
The property of 401 Park Hill Circle Mechanicsburg Pa is in foreclosure
we look at how it got there
Duration : 0:7:59
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Technorati Tags: Alt-A, daniel, Fannie, Foreclosure, franklin, Freedie, mudd, prime, raines, SUB, subprime, syron
http://www.TheyPaidMe.com Get paid when you get a mortgage or refer other borrowers for mortgages. This is the only affiliate program that pays people several hundred dollars for doing what they were going to do anyway…get a mortgage. This affiliate program pays on mortgage referrals. No other affiliate program has ever paid on mortgages. We made $9,000 our first month with this affiliate program…I’ve never found it easier to sign up other affiliates…500+ our first 2 weeks.
Duration : 0:3:25
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Technorati Tags: affiliate marketing, economy, educational, finance, Home Loan, loan home, make money, Money, mortgage, mortgages, multilevel marketing, network marketing, networking, News, non-profit organizations, nonprofit, Politics, resume, vlog
http://realestatemarketingthisweek.com/loan-modification/why-you-should-use-a-licensed-attorney-to-negotiate-your-loan-modification/ – Why you should use a licensed attorney to negotiate your loan modification –
Part 1 – Dan Havey thanks for taking the time to be with us tonight. Thank you Michael for having me and you are absolutely right 2008 for many people was a very tough year. Tough year for pretty much everybody that I know, how many banks have we lost in 2008? Hopefully the bleeding is gone; hopefully there arent too many more banks to fail. Quite a few banks have picked up some of the slack, but the reality of it is so many people have been faced with such hardships, we have solutions that we are maybe going to talk about today that they can look forward to, to make 2009 a great year.
Definitely that is what we are doing here with your organization at Velocity Financial and with the Modification Hotline and with many of the other things I am working on right now to help people out. When I first got into this business it was back in the late 80s, I moved here from Wisconsin after getting a degree in finance and I started selling repos for Fannie Mae, Countrywide, and the RTC. The Resolution Trust Corporation was responsible for getting rid of all the real estate owned by the over 1,800 S&Ls that failed. So I cut my teeth selling those reposed properties and got to know a lot about the laws and worked with a lot of attorneys and then in the mid 90s I moved into the mortgage business, and I immediately started there working with bankruptcy attorneys for the most part.
I was helping people get out of their bankruptcies, chapter 13 bankruptcies, to avoid bankruptcies, to stop foreclosures and I did that up until the fall of 2007 and at that point the market really changed for me as we know most of the subprime financing went away. Some people might look at me and say, my god you gave people subprime loans, well if you are in a chapter 13 bankruptcy and your payment to the trustee is $1,500 a month and I can get you out of bankruptcy and reduce your total monthly outlay by $1,200, your mortgage payment would go up a little bit, I think this is a really good use of a subprime loan. And I certainly never had any complaints from anyone when I got them out of bankruptcy or I stopped their foreclosure and saved their home.
So late last year I moved out of the mortgage business for a while but I never really left it because it is pretty much what I have done my entire adult life. Over 20-25 years I have been involved with real estate, mortgages and finance and I worked for a while for about 6 months last year on a model for an idea that we came up with of being able to accurately predict the top and bottom of all real estate markets and we perfected it for Arizona and most of California. It worked really well to the point that we could actually predict the bottom of the market 6 months in advance and then after the bottoms hit all across the country we kind of stopped working on it.
It is one of the things I am going to start working on again over the next few months. The title of the book is Real Estates Future and you can go to my website at http://realestatesfuture.com and get a copy of that if you want to, it is not available yet but just put in your information and I am going to give away a whole bunch of free copies of it.
The reason why I went through this entire story is because a few months ago Michael and Velocity Financial came to me and said he was going to do loan modifications and I had been approached by other people and I had seen a bunch of garbage on the internet and the thing that he said to me that sold me was, You know Dan, you have to understand, were using attorneys to negotiate these loan modifications.
And that is, I didnt mean to interrupt but that is the key; that is one of the reasons it took us so long to get in. Even though Velocity Financial was at the very beginning of this mad craze, heck you cant drive down the street without seeing a sign that says loan mod, kind of like back in 2006 in the heyday of the mortgage business where you couldnt drive down the street and see a sign that said, if your mortgage payment is more than 1% you are paying too much. Well now everybody is jumping into the loan modification game and it is dangerous.
And that is exactly it, it is every unemployed loan officer has gotten into the loan modification game and I guess I am guilty of the exact same thing. It is just after having 20 years experience of working with attorneys, I know what they are capable of doing, I know how they can go in and negotiate and the biggest thing is they are there to protect the home owner, to protect the consumer, to protect their client because they have a fiduciary responsibility to that client… http://realestatemarketingthisweek.com
Duration : 0:6:29
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Technorati Tags: Attorney, Avoid, bailout, bank, Bankruptcy, estate, Expert, Federal, financing, Foreclosure, fraud, hardship, home, home mortgage modification, Home-Loan-Modification, Insolvency, Law, laws, lender, letter, loan, Loan Modification, Loss, Mitigation, modification, mortgage, Mortgage Modification, Mortgage-Loan-Modification, Negotiate, negotiation, package, prevention, Process, Program, real, requirements, Sale, scam, Servicing, Short, Tax
Mike Dailly of the Govan Law Centre in Glasgow (aka lawyer of the year 2007) waffles on about how lawyers wont take on legal cases for people trying to stop lenders repossessing their homes.
Odd thing is, the guy in the video won his case, but the Legal Aid Board want the money off him instead of chasing the mortgage lender for the money – could that be because the lawyers at the Scottish Legal Aid Board would rather target a member of the public than a Bank or financial institution which should be paying up anyway since they lost the case
So whats the solution Mike ? Going to do something about that and see that people get legal representation or what ?
How about freeing up the legal services market and seeing to it that people can get someone to represent them in court for less than the cost of an arm and a leg
Duration : 0:2:15
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Technorati Tags: Centre, Dailly, Govan, house, Law, lawyers, lenders, Mike, mortgage, national, of, Part, repossession, scotland, Scottish, society
also check me out on http://facebook.com/SchiffReport and http://twitter.com/PeterSchiff
Duration : 0:6:51
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Real estate for sale at Rossville GA – 1150459 – 320 Longview Drive Rossville 2br 2ba. Cute as a dollhouse! Good sized rooms and a large master bath and dressing area. Convenient to Rossville and Fort Oglethorpe both! Come make this home yours! With historic low interest rates this is agreat time to get in on this cute home! This is a Fannie Mae HomePath property and can be purchased for as little as 3% down! The following banks are approved for Fannie Mae HomePath Renovation Mortgages: Colonial National Mortgage-Wayne Nelson 405-834-5358 Flagstar Bank 877-374-3562 Standard Mortgage 504-569-3787 or Sherida Farr Senior Mortgage Loan Consultant FSG Bank Mortgage Division (423)308-2182 direct or (423) 308-2184 office or (423) 544-8556 cell. – for more info visit http://jennifernewton.crye-leike.com
Duration : 0:1:7
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Technorati Tags: 1150459, 320 Longview Dr, Crye-Leike, GA, homes for sale, Real estate, realestate, Rossville