I guess we will speak regarding one of the more thrilling short sale loans that we have dealt on recently. It didn’t take very long and it was not very hard, but it was exhilarating how we went about closing the transaction.

Here are the details. First mortgage servicer, B of a. Backer, Bofa. Second bank, Green tree, formerly serviced by GMAC. For those of you that haven’t worked a Green tree loan, they are a bit more tricky than your normal lender. With this certain short sale, Green tree was due around $139,000 and Bank of America was owed approximately $600,000. The home was valued at about $350,00

Here is a pointer. Anytime we see GreenTree in second position we attempt to deal as fast as possible. Something with a second mortgage in the $100,000 range is going to be harder.

GreenTree is more aggressive than most. They started by stating that they required 5% of the purchase price. We told them that wouldn’t happen and they submitted it for 10% and came back with an approval for $13,000. We learned that the Broker price opinion was at or less than the offer. However, when we submitted it to B of a, they said ‘no’ to the second’s demand but offered $9,000. That’s not a bad offer in general, but when you are working with Green tree it is not good enough.

In the end we were able to get it approved. Nevertheless, be aware that GreenTree is buying a lot of Bofa loans. This is a plain illustration of why you need to know the backer on your files. It makes the procedure much easier when you know exactly who you are dealing with.

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Hi, I’m Mark Alan Adams, Orlando Short Sale realtor. My group is Orlando’s premier short sale group. Today I want to talk about timelines, more specifically, how long does a bank take to foreclose on you Orlando property. Officially, the lender can foreclose on your house if you miss one single payment. Nonetheless, what we are observing in the active market is nearer to 90-120 days of defaulting before you receive foreclosure documents.

Now, when you get the foreclosure documents on your Orlando home, you have approximately 90 days until the lender actually sells your house on the courthouse steps at the trustee auction. What that means to you is that if you are thinking about doing a short sale, the foreclosure doesn’t stop. There is a foreclosure path and a short sale path and they are going at the same pace. It is my team’s task to beat the foreclosure with your Orlando short sale. You have a limited time to launch and close a short sale.

On our blog you will come across a link on the right side of your display to a short sale package. Within that package you will see what it takes to complete a Orlando short sale, the process, the documents that you will need, a little bit about my team and what we carry out, as well as expectations through the short sale route. We want you to know what you can expect from us and what we expect from you to productively close your Orlando short sale.

Click on that link and submit your name and email address to get in touch with us quickly. Thank you!

The Orlando Short Sale Expert can answer your questions. Mark Alan Adams’ Foreclosure Avoidance and Short Sale Specialists.

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Today I sought to speak a little bit concerning whether or not an Orlando Short Sale may be appropriate for you. We are Orlando’s premier short sale team and this is a inquiry that we hear from potential clients often. Perhaps you are out there doing research on Orlando short sales and you are thinking about if this is a advantageous choice for you. So, we simply wanted to give some indicators that a short sale may be fitting for you.

Firstly, have you had any type of job loss or pay loss. Any kind of decrease in earnings may point out that a short sale is right for you, provided that your house is worth a smaller amount than what you owe.

A different thing to think about is that you are current on your mortgage payments but something is pending in the future that will cause you to miss payments. That should be another sign that an Orlando short sale is right for you.

Perhaps you need to move. Maybe your employer is tranferring you or you are retiring shortly or you have a health issue. A short sale might be right for you.

Lastly, there are those of you that are making a business decision. You owe more on your house than what it is worth and you are searching to get out of a bad asset. If this is the situation, a short sale may be suitable for you.

If you are on our blog, orlandoshortsaleexpert.info, you can download our short sale packet. There is no commitment when you get this packet. It is merely a comprehensive explanation of the short sale process, what you can expect from doing an Orlando Short Sale, and if you were to employ us, what you can be expecting from us.

The Orlando Short Sale Expert can answer your questions. Mark Alan Adams’ Foreclosure Avoidance and Short Sale Specialists.

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We want to speak about lead generation and arrangements that we are making in 2011. In the end, what you concentrate on is what you obtain. So, we wanted to get you thinking about the lead sources out there that you aren’t tapping into very much. Particularly, we are talking about referrals. It doesn’t necessarily have to be a referral from a different realtor.

We want to persuade you now to focus on the referral side of your business. Who have you done great work for in the past that may be ready to provide you a referral? Who is it that you have not talked with for a bit? Who haven’t you asked for business? One thing that we have done in the past is send out a personal email to your sphere of influence. It is the ideal time to solicit for business. The holidays are finished and potential customers are realizing that they have to do something and they have to do it immediately!

To conclude, we are merely 17 days away from Short Sales Uncensored. Friday, January 21st is not far away. Brian Gubernick will join us for an advanced short sale level class. You will not come across three agents with more familiarity closing short sales. We’re going to reveal the dirty secrets that the lenders do not want you to know about. If you want to learn about how to get the promissory note waived, get here to class. If you want to be familiar with how to work with the first and second lien holders when they are being difficult to deal with, come to class. It will all be captured and displayed in our Short Sales Uncensored class.

Also, on the 28th of January we will be in the Seattle locale. Make sure you register if you are in that market. It is ready to explode.

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Thank you for joining us today. We wanted to talk about a particular issue that has been an issue with Minneapolis potential customers lately. We want to speak to the state of your Minneapolis house when you are considering a Minneapolis short sale.

We have seen lots of Minneapolis short sale properties. Several of these Minneapolis properties have been in poor condition. They appear more like the average foreclosure. Sometimes they might be rental houses or a remodel that went bad. Occasionally it’s merely having a couple kids that made a mess. So often, there are things that have caused the property to be in poor shape. It may be the loss of a job or medical troubles. We simply want to make sure that you are not letting the condition of your house keep you from doing a Minneapolis short sale. You are not alone.

It is very worrying when you are behind on payments. Sometimes it is tough to find a cause to fix the property up or even clean it if you are going to be leaving your property. Please realize that purchasers know this.

We have worked with every situation. We have seen it all. Our intention is to help you out. We’re not here to critic you. Your home might sell for less, but completing a short sale will allow you to move on. You will still get the home sold.

If you were doing a regular sale, we would recommend fixing some stuff because you will get that back from the sale. Nonetheless, with a Minneapolis short sale, you won’t be getting anything back.

We only want to make certain that if your property is not in the best condition, you can still complete a short sale. Don’t be tentative to begin the short sale procedure. We understand.

Minnesota Short Sale Shift can answer your questions. We are Minnesota’s Foreclosure Avoidance and Short Sale Specialists.

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Hi once more. I’m Mark Alan Adams, owner and creator of the Mark Alan Adams Group. We are Orlando’s leading short sale team. Today we would like to chat to you about a query that lots of potential short sale clients have. Why would a bank agree to execute a short sale?

Quite plainly, lenders are in business to give somebody the use of funds and, in turn, accept payments on that money. lenders are not in business to own property and property supervision. Consequently, a Orlando short sale is a more financially helpful option for the banks than a trustee sale or foreclosure sale.

In a Orlando short sale, a bank will earn 10%-40% more funds at the Orlando short sale than they would with a trustee sale. So it just makes more sense for the lender to do a short sale instead of a foreclosure sale.

To learn more about us and more in relation to Orlando short sales there ought to be a link to the right of this capture on our website called short sale package. Click on that link and download that package today. Inside that package, discover more information about us. More importantly, you will find out more information about short sales and what to anticipate all through a short sale. You can find out what to anticipate from us in your Orlando short sale if you want to hire us and what we would expect from you. We hope to chat with you soon. Time is of the essence in this process. Act now to avoid foreclosure.

The Orlando Short Sale Expert can answer your questions. Mark Alan Adams’ Foreclosure Avoidance and Short Sale Specialists.

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On today’s installment I wanted to speak a little bit about paperwork. The reason I wanted to talk about documentation is that many potential customers considering a Orlando short sale have difficulty producing all of the paperwork crucial to carry out a short sale.

If you are considering a Orlando short sale, the very first thing you ought to do is gather this list of paperwork and provide it to the real estate specialist that is handling your Orlando short sale.

-Your most recent mortgage record. This record should have your account number, your name and your address

-A hardship note. This note is preferably hand written stating what your issue is, why you are carrying out a short sale, and whatever your hardship is. It needs to be short and to the point. Make it a short account of your hardship situation

-The last three or four pay statements from your job. If you are self employed you will need a six month profit and loss statement.

-Tax returns. Do not submit your w-2. You will need your 1040 form. The first two pages of the 1040 is essentially a synopsis of your taxes and that is what you will be asked to make available.

-Bank statements. You will be asked to provide three months of bank statements so the lender can see where your funds is going.

It is a good thought to file all of these documentation in one place because there is a good chance that the bank will ask for them again. There are several other documents that you may be asked for. You can find the full list by downloading our short sale package on our website. We keep your contact information confidential and we don’t spam you or hard sell you. We just want to educate you and make sure that you enter into this progression with as much information as you can possibly have.

The Orlando Short Sale Expert can answer your questions. Mark Alan Adams’ Foreclosure Avoidance and Short Sale Specialists.

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Hello. Thank you for stopping to see our video. I am Mark Alan Adams, founder of the Mark Alan Adams team. We are Orlando’s premier short sale team. Today we wanted to provide you a little data on the subject of taxes and short sales. Before we go to far, let me tell you that we aren’t CPA’s or licensed to offer tax guidance in any way. Therefore, please consider that as we talk with you today.

One of the major questions we get from Orlando potential short sale clients is concerning tax responsibility with a Orlando short sale. Orlando region homeowners want to know if they are going to get taxed on the discrepancy between what the home sells for and what they owe the lender. The simple answer is yes. You will be given a 1099 tax form from your bank. Lots of homeowners think that they ought to simply let the residence go to foreclosure so that they do not get taxed for it. This is incorrect information. You will receive a 1099 either way. There are two diverse types of 1099 forms.

There is a 1099a, which is for abandonment and a 1099c which is for cancellation of debt. Either way you will receive a 1099. When you get a 1099, the first thing you need to do is take it to your accountant or tax pro. They will recognize what to do with it.

As far as paying the taxes, there are 2 options to get around tax liability. The first means is with the Debt Relief Forgiveness Act of 2007. This undertaking relieves the bulk of homeowners from any tax liability. Remember that you do have to meet the criteria for it. The second way is through insolvency. You can be eligible for insolvency by going to the IRS website search for form 982. Download that form and fill it out. If you meet the requirements you will be relieved of any tax liability.

If you are currently viewing this video on our website, orlandoshortsaleexpert.info, you can download our free of charge short sale package. Even if you make a decision not to hire us to aid with your Orlando short sale it has tons of great information concerning short sales and it’s free of charge! Hopefully, we’ll be in touch shortly.

The Orlando Short Sale Expert can answer your questions. Mark Alan Adams’ Foreclosure Avoidance and Short Sale Specialists.

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Hi, and thank you for stopping by our blog. We are Minneapolis / St. Paul’s leading short sale specialists. We just attended a meeting in Texas that included a few of the topmost bank executives and short sale realtors in the industry. We are always searching to learn more and enhance our short sale procedure. With the number of short sales that we do, we have the ability to get into seminars like this. High level conferences like this are exceedingly helpful to short sale specialists. Sarah actually stayed in the Twin Cities vicinity to handle some of our Minneapolis / St. Paul short sales, but in the forthcoming, with our growing staff, we will both be attending these valuable meetings.

B of A was on the panel at this conference and they are making a drive to get their procedure restructured through Equator, which is an online short sale software. With roughly 50% of the purchasers backing out of short sale transactions, this is causing lots of homes to go to foreclosure. Bank of America is looking to fix this dilemma by looking at other buyers more quickly. This will improve the Minneapolis / St. Paul short sale procedure for home owners.

Because we have lots more understanding with short sales in the Minneapolis / St. Paul region and with our methodical negotiation method, the second buyer gets into the mix much earlier. Our proficiency with Minneapolis / St. Paul short sales keeps us well above that 50% withdraw rate. This is not the case with most short sale realtors. It is merely one example of how we can serve you better.

If you have added questions on the subject of your Minneapolis / St. Paul short sale, please feel free to get in touch with us. You can get in touch with us by means of the chat function on our website or give us a call or send us an email. We look forward to helping you solve your Minneapolis / St. Paul short sale questions.

Minnesota Short Sale Shift can answer your questions. We are Minnesota’s Foreclosure Avoidance and Short Sale Specialists.

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Now, I’d love to impart a few ideas about how you proceed on a Philadelphia / Wilmington, DE short sale. Just to repeat, a short sale is when the owner needs to sell their Philadelphia / Wilmington, DE home for a lesser amount than is presently owed. This might take place for a assortment of reasons. Regardless of the grounds, the route is identical. You obtain a bid for your home, we give it to the lender and ask them to accept it for less than what is currently owed.

How do you proceed in that method? The initial thing you have to do is make a decision that you want help. Whether it is caused by loss of income, medical expenses, divorce or any reason, we can help you. Once you have determined that you would like to start off a short sale, the key is to do something hurriedly. If you have fallen late on your mortgage payments we will have a restricted period to present the lender with the bid so that they don’t progress with foreclosure. Hence, you have to call us quickly so that we can jump in and give you assistance.

Once you have talked with us over the telephone or attended one of our free webinars we will provide you with a package that has to be completed. A few of the things that we will need from you at the moment of application are two years of tax returns, copies of bank statements, copies of pay stubs, and a hardship letter that describes how you got into the circumstances that you are in.

After we get all of that information, we transmit it to your lender. From this point you no longer have to work with your bank. It is our task to talk with them to get the best result possible for you. In the end, the lender is going to pay us and take care of us at closing. In spite of of whether your Philadelphia / Wilmington, DE property sells or not, we are functioning for you for free.

Philadelphia Sold By Short Sale can answer your questions. We are Philadelphia and Wilmington Foreclosure Avoidance and Short Sale Specialists.

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