Short Sales with The Meoni Team

How Does A Dunedin-Palm Harbor-Clearwater Short Sale Affect My Credit

admin — Thu, 23 Feb 2012 17:51:37 +0000

How Does A Dunedin Short Sale Affect My Credit

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Dunedin FL – A successful short sale helps the seller to avoid any credit damage that could be brought about by a foreclosure.

Such damage is not something to admire as it may take a minimum of seven years for someone before it goes off your credit report. That is why is it best to do all you can to avoid it.

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

When you short sell you house, you will recover quickly from the dings of late mortgage payments, provided you can keep your other accounts current.

In such a case, consider allocating money to meet basic necessities first. You also have to pay other bills to keep as many accounts current as possible.

When deciding which credit bills to pay review the terms of your credit accounts. If you are using a credit card to temporarily pay for necessities, you should be sure not to jeopardize the availability of that account.

By so doing, you will keep the necessary accounts current. I want to help make it possible for your credit to recover quickly. A Short Sale may be just one part of a larger effort to get you through a tough period.

I have helped many others to successfully come out of what they thought to be “a tough and an unavoidable” situation and I can help you as well. 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 mailto:homesale@tampabay.rr.com”>homesale@tampabay.rr.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 727-644-1476

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

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

Thanks for reading this, Mike & Melody Meoni.

Mike & Melody are Real Estate Agents at Charles Rutenberg Realty.

Phone: 727-644-1476 mailto:homesale@tampabay.rr.com”>homesale@tampabay.rr.com>.

We sell homes on the water, off the water and even under water!

View My homes for sale at http://www.meoniteam.com”>www.meoniteam.com>.

Mike & Melody Meoni specialize in loan modification assistance and short sales in Dunedin-Palm Harbor-Clearwater Florida. Loan Modification Help, Dunedin -Palm Harbor-ClearwaterShort Sales. Dunedin-Clearwater-Palm Harbor Short Sale Realtor Dunedin-Palm Harbor-Clearwater FL Short Sales. Dunedin-Palm Harbor-Clearwater Realtor. Dunedin-Palm Harbor-Clearwater FL Short Sales.

Important Notice

Mike & Melody Meoni, Charles Rutenberg 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 Mike & Melody’s personal views and do not reflect the views of Charles Rutenberg Realty.

This information on How Does A Dunedin Short Sale Affect My Credit? is provided as a courtesy to our viewers to help them make informed decision.

Why Isn’t My Vacant Home Selling As Fast As Others in the Dunedin?

admin — Mon, 20 Feb 2012 16:47:51 +0000

Why Isn’t My Vacant Home Selling As Fast As Others in the Dunedin?
Dunedin FL – Selling a home is part financial, part logic, and a lot of emotion. Everyone knows that feeling when you walk into the home that’s “t
Dunedin Short Sales: Why It’s Not Embarrassing To Short Sale Your Home Anymore

he one”; you get that breath taking feeling, the butterflies in the belly and that instant view of your family sitting on that couch in front of the fireplace on a cool fall evening. Those are all emotional aspects and selling a home is definitely based upon the emotions of the buyer.http://stopforeclosuredunedin.info/short-sale.html”>Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

When you’re selling a home you have to appeal to the emotions of the potential buyer as well as their financial desires. If your home has absolutely no furniture in it you may find that the potential buyer spends more time on trivial things like chipped paint, spots on the carpet and cracks in the plaster. They notice unmatched patches from where paintings were and the way the carpet is more worn in one area than in others. These trivial things are things that, if there were furniture in the home to distract their attention a bit, they probably wouldn’t even notice; but without furniture they stand out quickly.

Of course obvious problems like a huge crack down a wall is going to be noticed with or without furniture; but if you have all of the paintings and decorations hanging on the walls when they’re looking they’re going to see the style and accents of the home instead of the outline of where the paintings were. They won’t be seeing where the walls are faded and thinking ‘this room definitely needs painted’ and adding it to the check list of work they’ll need to do to make this their perfect home. If you have a couch and chair they’re not going to notice where the wearing of the rug may be as it’s pretty rare buyers will pull furniture out to look under and behind it. Those small paint chips at the baseboards from typical wear and tear aren’t going to be as noticeable. They’ll be busy seeing how well you fit in an entire dining room set along with a large china cabinet and a small accent table into the dining room, realizing how big it is as opposed to seeing it appear smaller and wondering if it will fit their entire dining set.

To a buyer looking at an empty room they see ‘work that needs to be done on the home’ and ‘uncared for little things’ as opposed to when they move into it seeing the house empty for the first time when they’d call these same issues a few simple fixes for the “Honey Do List”.

A room filled with furniture is much more “homey” and inviting than an empty, voice echoing house. It’s so much easier to find warm feelings and a welcoming atmosphere in a house that feels lived in with furniture and some personal surroundings. Many people actually rent furniture; staging their home to make it look lived in. Doing this puts more emphasis on the coziness of the home as opposed to the little imperfections. It’s a proven fact that a home will sell faster when it feels inviting and lived in, so it may be worth raiding your family room and doing without a few seats or renting a few rooms of furniture for a month while you have Open Houses and are trying to sell your home. You want the potential buyers to easily picture their family in your home, so making sure your house is staged to look lived in. Give the potential buyers an old fashioned, welcome home feeling the minute they walk in.

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 mailto:homesale@tampabay.rr.com”>homesale@tampabay.rr.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 727-644-1476

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

Thanks for reading this, Michael & Melody Meoni.

Michael & Melody are Broker/Associates at Charles Rutenberg Realty. Dunedin Short Sales Realtor:

Phone: 727-644-1476. mailto:homesale@tampabay.rr.com”>homesale@tampabay.rr.com>.

We sell homes on the water, off the water and even under water!

View My homes for sale at http://www.meoniteam.com”>www.meoniteam.com>.

Mike & Melody Meoni specializes in loan modification assistance and short sales in Dunedin Florida. Dunedin Loan Modification Help, Dunedin Short Sales. Dunedin Short Sale Realtor Dunedin FL Short Sales. Dunedin Realtor.

Important Notice

The views expressed here are Michael & Melody’s personal views and do not reflect the views of Charles Rutenberg Realty.

This information on Why Isn’t My Vacant Home Selling As Fast Dunedin Short Sales: Why It’s Not Embarrassing To Short Sale Your Home Anymore

Will I Still Have To Pay Property Taxes If I Do A Dunedin Short Sale?

admin — Thu, 09 Feb 2012 21:07:39 +0000

Will I Still Have To Pay Property Taxes If I Do A Dunedin Short Sale?

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Dunedin FL – The Stop Foreclosure Institute recently received a question from Paul. Here is Paul’s Question.

“I am thinking about a short sale, but I am behind on my property taxes. Will I still have to pay them if I short sale my home? Max.”

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

Here is the answer to Paul’s Question: In most cases your lender will pay those property taxes. Property taxes are a first priority lien on a property.

That means that if a property is foreclosed upon, then they still have to be paid. They don’t go away for any reason.

This is also why most lenders want to charge you monthly and then pay the property taxes themselves. They know that the taxes are a big bill that only comes once a year.

Not everyone can afford that big bill. Because your lender knows they will still have to pay the taxes after a foreclosure, they are willing to pay them during a short sale.

A foreclosure is a liquidation of the property to simply get what they can and move on. A short sale has been proven to net them more money than a foreclosure.

So if they are liquidating the property, why net more money from the sale with a short sale and avoid a foreclosure? That’s why they will pay the taxes when you short sale.

Every short sale the Stop Foreclosure Institute has sold resulted in the lender paying the property taxes that were owed. In some cases they paid 2-3 years of property taxes. 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 homesale@tampabay.rr.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 727-644-1476

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

Thinking about a loan modification? Our Dunedin 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, Michael & Melody Meoni.

Michael & Melody are Broker/Associates at Charles Rutenberg Realty. Dunedin Short Sales Realtor:

Phone: 727-644-1476. homesale@tampabay.rr.com.

We sell homes on the water, off the water and even under water!

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

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. 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. The views expressed here are Michael & Melody Meoni’s personal views and do not reflect the views of Charles Rutenberg Realty.

This information on Will I Still Have To Pay Property Taxes If I Do A Dunedin Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.

Dunedin Short Sales: How to strong arm your lender on a short sale

admin — Thu, 09 Feb 2012 21:03:28 +0000

Dunedin Short Sales: How to strong arm your lender on a short sale

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Dunedin FL – Here is a technique you can use to “strong arm” you’re your lender on your short sale. The number one reason people short sale is to salvage their credit.

After all, a short sale has much less of an impact on your credit than a foreclosure. Despite all this, banks still make short sales tough.

How would you feel if you worked hard on a short sale only to watch it fall apart because you lender dragged their feet?

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

Later on the property sells for even less money than the short sale offer you had. I have said in earlier posts that, in my opinion, you could sue the lender for the damage caused to your credit by the foreclosure.

After all, the only reason the short sale wasn’t successful was because they dragged their feet. Here is the technique you can use to strong arm the lender to accept the short sale.

Use your rights as a homeowner to get more information about the BPO. An inaccurate BPO is the number one reason short sales fail.

Getting your hands on a copy of the BPO will help your agent contest an inaccurate BPO. And it would be a big help in any future lawsuit. Here is the step by step strategy:

1. Request a complete itemized payoff from the foreclosing lawyer. In addition, request a copy from the lender themselves. You do this by faxing them a request. Usually you will get an answer in 7-10 business days.

2. Review the payoff to see where the BPO is itemized. If a BPO has ever been ordered, it will most likely by itemized on there. If not, it may be included in some other payoff cost. Get confirmation of that in writing from the lender.

3. Since the BPO is added onto the amount owed by the homeowner, they have a right to a copy under the Equal Credit Opportunity Act. Fax the lender’s legal department a request for a copy of the BPO.

Send a copy of the payoff and circle the spot where you think the BPO payment is. Request a copy for the borrower under the Equal Credit Opportunity Act. In addition, also mail the lender’s legal department the same request.

If the lender does not comply, then you can file a complaint with the Federal Trade Commission at www.ftc.gov, The Office of Thrift Supervision at www.ots.treas.gov, the FDIC at www.FDIC.gov, and the Comptroller of the Currency at www.helpwithmybank.gov.

Indicate on your correspondence with the lender that if they do not comply, then you will be filing complaints with those agencies. 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 homesale@tampabay.rr.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 727-644-1476

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

Thinking about a loan modification? Our Dunedin 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, Michael & Melody Meoni.

Michael & Melody are Boker/Associates at Charles Rutenberg Realty. Dunedin Short Sales Realtor:

Phone: 727-644-1476. homesale@tampabay.rr.com.

We sell homes on the water, off the water and even under water!

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

Important Notice

The views expressed here are Meoni’s personal views and do not reflect the views of Charles Rutenberg Realty.

This information on Dunedin Short Sales: How to strong arm your lender on a short sale is provided as a courtesy to our viewers to help them make informed decisions.

Dunedin Short Sales: Four Specific Examples of Big Bank Negligence

admin — Thu, 09 Feb 2012 21:00:49 +0000

Dunedin Short Sales: Four Specific Examples of Big Bank Negligence

Dunedin FL – Here are four specific examples of big bank’s negligence causing a loan owner to lose money.

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

Example #1: Not giving buyers an answer on a short sale within one week. Home buyers don’t like to wait 3-6 months for an answer on a short sale. This fact causes many buyers to shy away from short sales, thereby causing short sales to sell for less.

Lenders should help the loan owners recoup as much money as possible from short sales. To do this, they make the short sale approval process as quick as possible.

They could start the property valuation process when the property is put on the market and determine a certain price they would accept.

More buyers would be willing to purchase the property because they know they wouldn’t have to wait 3-6 months for an answer on the short sale.

Example #2: Turning down loan mods that amortize at a higher value than what is netted on a short sale or thru REO. Let me explain a little better. A lender negotiates a loan mod with a borrower with a new monthly payment of $1,000.

The borrower has a stable income and agrees to pay $1,000 a month for the next 30 years. $1,000 a month for 30 years, at a 6.5% interest rate will repay a $158,210 mortgage.

The servicer turns down the loan mod and forecloses. The house sells for $125,000 as an REO and the servicer nets $115,000. Did the owner of the loan lose money?

I think most people would agree yes. Obviously there are other factors involved, but I think on an actuarial basis they will do better with the loan mod.

Example #3: Not following up on foreclosures properly. I have seen countless examples of servicers hiring an attorney to foreclose on a house. The attorney files the paperwork.

Then, the foreclosure case goes into purgatory. Nothing happen for 6 months, 12 months, 18 months, and even up to 2 years.

I have seen this happen on more than one property. And no, there are not other factors involved. In fact, on two short sales I’ve handled, the sellers had moved out of the house before the foreclosure was even filed.

Example #4: Not listing REO properties quickly enough. I have witnessed several examples of banks foreclosing on a house and then taking 6 months to a year to put it up for sale.

An example is a house that was foreclosed on September 9th, 2009. It wasn’t listed for sale until May 2010. Say what you want, but waiting 8 months is pathetic.

If the mortgage holder had been a wealthy individual who lived in town, do you think they would have put the home on the market a little sooner?

These are the clearest examples I can think of right now. When you multiply these examples of negligence across hundreds of thousands of defaulted mortgages, you can easily see how this is costing lenders billions of dollars. 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 homesale@tampabay.rr.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 727-644-1476

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

Thinking about a loan modification? Our Dunedin 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, Michael & Melody Meoni.

Michael & Melody are Broker/Associates at Charles Rutenberg Realty. Dunedin Short Sales Realtor:

Phone: 727-644-1476. homesale@tampabay.rr.com.

We sell homes on the water, off the water and even under water!

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

Important Notice

The views expressed here are Meoni’s personal views and do not reflect the views of Charles Rutenberg Realty.

This information on Dunedin Short Sales: Four Specific Examples of Big Bank Negligence is provided as a courtesy to our viewers to help them make informed decision

Dunedin Short Sales: Why do some buyer’s offers get accepted while others are declined?

admin — Thu, 09 Feb 2012 20:52:49 +0000

Dunedin Short Sales: Why do some buyer’s offers get accepted while others are declined

Dunedin FL – The Stop Foreclosure Institute recently received a question from Jonathan. Here was his question.

“I am looking to buy a short sale. The seller wouldn’t accept my offer. My agent told me it was because the short sale lender has told them they wouldn’t accept the offer.

I am a cash buyer and can’t understand why they wouldn’t take my offer. Why do some buyer’s offers get accepted while others are declined? Jonathan.”

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

Here is the answer to his question. Usually the offer that is accepted is the one that is offering the highest sales price.

Sure banks and short sale lenders like cash offers. But, that is only everything else is the same. They won’t accept a cash offer when it is lower than other offers on the table.

Here is an example. A normal homeowner is selling their house. It is worth $400,000 and he is asking $400,000 for the home.

A buyer offers $350,000 cash. “You should accept my offer because it is cash”, the buyer says. Meanwhile another buyer offers $400,000 and they have already been approved for a loan.

If you were that seller, what would you do? Would you take a little risk to make an extra $50,000? Most people would. In fact, there isn’t much risk because the buyer has already been approved for a loan.

Yes, cash does matter. But, these banks want to reduce their losses as much as possible. They are already losing tens and hundreds of thousands on a short sale.

They own these homes cash. They don’t have to get their money out right away. They like cash offers, but they like to reduce their losses even more.

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 homesale@tampabay.rr.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 727-644-1476

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

Thinking about a loan modification? Our Dunedin 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, Michael & Melody Meoni.

Michael & Melody are Broker/Associates at Charles Rutenberg Realty. Dunedin Short Sales Realtor:

Phone: 727-644-1476. homesale@tampabay.rr.com.

We sell homes on the water, off the water and even under water!

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

Mike & Melody Meoni specializes in loan modification assistance and short sales in Dunedin and the Tampa Bay area of Florida. Dunedin Loan Modification Help, Dunedin Short Sales. Dunedin Short Sale Realtor Dunedin FL Short Sales. Dunedin Realtor.

Important Notice

Michael & Melody Meoni, Charles Rutenberg 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.

The views expressed here are Michael & Melody’s personal views and do not reflect the views of Charles Rutenberg Realty.

This information on Dunedin Short Sales: Why do some buyer’s offers get accepted while others are declined? is provided as a courtesy to our viewers to help them make informed decisions.

Why Lenders Back Off When Threatened With Bankruptcy

admin — Thu, 01 Dec 2011 22:01:04 +0000

Dunedin Short Sales: Why Lenders Back Off When Threatened With Bankruptcy

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Dunedin FL – Bankruptcy is one of the scariest words a lender can hear. A bankruptcy filing can stall their ability to foreclose by 6 months, and sometimes as long as a year.

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

The lenders know that most bankruptcies will cause them to lose the ability to pursue you for any losses. This means they can’t go after you for any upside down debt.

The only thing a lender gets in a Chapter 7 Bankruptcy is any collateral they have on a loan. So they can foreclose on your house, but that is about the only thing they can do.

They can’t garnish your wages or bank accounts. So use the bankruptcy threat in your negotiations. Lenders know how much it will hurt their ability to collect from you.

The most effective technique that we have seen is to have all negotiations go thru a bankruptcy lawyer. The lawyer knows how to negotiate from a position of power.

The lawyer will also know full well exactly how bankruptcy will hurt the lender. Even if you have no intention of declaring bankruptcy the lender will get scared and cave in.

Then you can get the loan modification you deserve. 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 homesale@tampabay.rr.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 727-644-1476

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

Thinking about a loan modification? Our Dunedin 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, Michael & Melody Meoni.

Michael & Melody are Broker/Associates at Charles Rutenberg Realty. They specialize in Short Sales in the Tampa Bay Florida area.

Phone: 727-644-1476. homesale@tampabay.rr.com.

We sell homes on the water, off the water and even under water!

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

Important Notice

The views expressed here are Meoni’s personal views and do not reflect the views of Charles Rutenberg Realty.

This information on Dunedin Short Sales: Why Lenders Back Off When Threatened With Bankruptcy is provided as a courtesy to our viewers to help them make informed decision

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Can banks get in trouble for taking too long to process a short sale file?

admin — Thu, 01 Dec 2011 21:57:50 +0000

Dunedin FL – We received a lot of feedback from yesterday’s post.

One agent said, “You obviously don’t know what you are talking about. Bank X won’t give us a response on the file and we have been waiting 5 months for an answer.

How dare you suggest that I am incompetent because they haven’t replied?” (The bank was a large national bank whose name I changed for this post.)

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

First off, we are not saying that all agents are incompetent. However, we do see some agents with no experience with short sales attempting to sell them.

Here is the issue. Banks do have responsibilities. In 80% of cases, the bank we negotiate with does not own the loan. That means they don’t take any of the loss from short sales that aren’t handled properly.

In order to reduce losses, the people that do own the loans have laid out specific guidelines. Those guidelines state exactly how the bank should process the short sale.

In addition, they give deadlines for how long it takes to process the file. For example, VA gives 45 days for a bank to process and approve or deny a short sale.

If the bank doesn’t meet that requirement, then they can be fined by VA or lose their Mortgage Servicing Rights. By the way, those rights are worth $1,000 to $5,000 per loan they handle.

We hold banks accountable on short sales. It is their job to handle the short sales quickly and competently.

If they don’t do their job, then we let the people that own the loan know about 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 homesale@tampabay.rr.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 727-644-1476

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

Thinking about a loan modification? Our 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, Michael & Melody Meoni.

Michael & Melody are Broker/Associates at Charles Rutenberg Realty. Dunedin Short Sales Realtor:

Phone: 727-644-1476. homesale@tampabay.rr.com.

We sell homes on the water, off the water and even under water!

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

Important Notice

The views expressed here are Meoni’s personal views and do not reflect the views of Charles Rutenberg Realty.

This information on Dunedin Short Sales: Can banks get in trouble for taking too long to process a short sale file? is provided as a courtesy to our viewers to help them make informed decisions.

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There are no Rules for Short Sales

admin — Thu, 01 Dec 2011 21:54:13 +0000

That is like saying that there are no traffic laws. If that were the case, then everyone cVIEW HOMES FOR SALE INCLUDING SHORT SALES AND FORECLOSURES in the TAMPA BAY AREA
http://meoniteam.mfr.mlxchange.com/
Find out the Value of your Home
www.meoniteam.com.

” al
Dunedin FL – I recently saw an article written by a prominent, so called short sale expert. In the article, this supposed expert says the only rules for short sales are HAFA, but even those rules are subject to interpretation.

ould drive 100 MPH and never get a ticket.

That is like saying that the court system has no rules. (Go ask a judge or lawyer and you’ll find out the truth about that pretty fast.)

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

The good news for short sale sellers is that there are rules. There are lots of rules in fact. These rules protect you from renegade, rogue employees at short sale lenders. They also protect you from the lenders.

Here is a small sampling of the rules and guidelines for short sales.

FHA Short Sales. There is a 16 page directive from HUD to lenders. This directive gives explicit instructions to all lenders on how to handle short sales on FHA loans.

You can read thru the rules for an FHA Short Sale yourself. Just Google “Mortgagee Letter 2008-43.”

VA Short Sales. VA gives explicit instructions (again in their short sale guidelines. Only, they don’t call it a short sale. They call it a VA Compromise Sale.

Call a VA Loan Center to get a copy of the Compromise Sale Guidelines. Between 65-70% of all the loans in the US are owned or insured by one of the following entities: FHA, VA, Fannie Mae, or Freddie Mac.

Those entities either own or insure against loss. That also means those entities have the right to dictate what can and cannot be done on a short sale.

The lender handling the negotiations has to follow their guidelines or face stiff penalties. Fannie May and Freddie Mac do not publish their guidelines to the general public. But, we do know they have them.

The lenders have sent Stop Foreclosure Institute Members copies of their guidelines before. The member was disputing something on a short sale. They couldn’t believe a certain rule.

The lender’s negotiator sent them the guidelines for the thing they were disputing. The bottom line is that most (if not all) short sale sales do have rules.

However, the lenders don’t want you to know that. 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 homesale@tampabay.rr.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 727-644-1476

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

Thinking about a loan modification? Our Dunedin 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, Michael & Melody Meoni.

Michael & Melody are Broker/Associates at Charles Rutenberg Realty. Dunedin-Palm Harbor-Clearwater Short Sales Realtor:

Phone: 727-644-1476. homesale@tampabay.rr.com.

We sell homes on the water, off the water and even under water!

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

Mike & Melody Meoni specializes in loan modification assistance and short sales in Dunedin-Palm Harbor-Clearwater Florida. Dunedin Loan Modification Help, Dunedin-Palm Harbor-clearwater Short Sales. Dunedin-Palm Harbor-Clearwater Short Sale Realtor Dunedin FL Short Sales. Dunedin Realtor.

Important Notice

The views expressed here are Michael & Melody’s personal views and do not reflect the views of Charles Rutenberg Realty.

This information on Dunedin Short Sale Myth: There Are No Rules Or Guidelines For Short Sales is provided as a courtesy to our viewers to help them make informed decisions.

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Dunedin Short Sales: Why it is cheaper to short sell and rent versus staying

admin — Tue, 26 Jul 2011 19:01:19 +0000

Dunedin Short Sales: Why it is cheaper to short sell and rent versus staying

Dunedin FL – Many people are shocked that it is often cheaper to short sale and rent that staying in your home with a loan modification.

They find it hard to believe that they can rent a comparable or even nicer home for less than their mortgage. Here are the two factors that make it possible.

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

Many homeowners bought homes for more than they are selling for today. A perfect example is a homeowner that paid $150,000 for a home. His mortgage payment was around $1,500 a month.

He stopped paying his payments and moved to a rental. He found a nicer, larger home to rent for $850 a month. He had tried for months to convince his lender to modify his loan.

They wouldn’t drop the payments below $1,200 a month. Even though the home he is renting is nicer than his house, it is selling today for around $105,000.

Someone can buy that house for $105,000 and rent it for $850 a month without losing money. That is what makes it cheaper to rent versus getting a loan modification and staying in your home.

When prices were rising it was actually more expensive to own versus rent. But, everyone wanted to own because their house was supposed to go up in value.

House prices and rental prices have dropped since then. Yes, rents are not at an all time high! The dropped during the economic crisis and have come back up since then.

So, if you are thinking about a loan modification, then first check into the rental market. You will be able to negotiate your loan modification from a position of power.

That will make it more likely that you will get the reduced payment you need so you can keep your home. 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 homesale@tampabay.rr.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 727-644-1476

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

Thinking about a loan modification? Our Dunedin 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, Michael & Melody Meoni.

Michael & Melody are Broker/Associates at Charles Rutenberg Realty and are Dunedin Short Sales Realtor:

Phone: 727-644-1476. homesale@tampabay.rr.com.

We sell homes on the water, off the water and even under water!

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

Important Notice

The views expressed here are Meoni’s personal views and do not reflect the views of Charles Rutenberg Realty.

This information on Dunedin Short Sales: Why it is cheaper to short sell and rent versus staying is provided as a courtesy to our viewers to help them make informed decisions.