Posts Tagged “Write”
Jul
13
2011
 
Write Your eBook or Other Short Book - Fast!Posted by Usual in Short Sales, tags: Book, Ebook, fast, Short, WriteWrite and self publish your ebook and print book at the same time. Make a difference in others lives, brand yourself, and raise visibility and credibility for your home based business. Increase book sales and profits.
Jul
06
2011
How To Write Your Own EBook(R) In 7 Days!Posted by Usual in Bank Owned REO, tags: days, EBookR, WriteWrite And Publish Your Own Outrageously Profitable EBook(R) In As Little 7 Days - Even If You Cant Write Or Type!
Apr
05
2011
Write Strong Hardship Letters for Short SalesPosted by Usual in Lender Approved Short Sales, tags: Hardship, Letters, Sales, Short, Strong, WriteWrite Strong Hardship Letters for Short Sales Why Submit Articles? 0 && $.browser.msie ) { Register Email Home Page > Finance > Real Estate > Write Strong Hardship Letters for Short Sales Write Strong Hardship Letters for Short Sales Posted: Nov 27, 2009 |Comments: 0 ]]> When homeowners are faced with selling their homes on short notice to avoid foreclosure, their first task is to write a hardship letter to the lender. While this is a very emotional time for most people, getting all the facts is what the banker or lending professional is concerned about. They realize that your decision to sell your home at a loss was not an easy one, but they need concrete reasons why they should participate in the short sale process. While writing, keep the emotions out of it. After all, it’s just business, as Mr. Trump would say. There are several variations on styles of hardship letters, but at the very least, the content should contain some basic information. It can be hand written or typed, but it should be as professional as possible. If you have reached this unfortunate position, here are some steps to help guide you through the sometimes overwhelming process: 1. Find the name of the exact person at your bank or lender’s office that handles short sales. This means the actual person that makes the decisions, not the administrative assistant that will forward your letter to the appropriate person, when he/she is available. Direct contact is best from the start. 2. At the top of the letter, include the lender’s (company) name, address, phone and fax number. Also include the current date you are writing the request. 3. Start the letter to the person who makes the decisions (that you discovered through Step 1) 4. State the content of the letter, i.e. Re: Hardship letter - Short Sale for (your address). Add your name and the loan number. 5. Explain the course of events that have lead to your request for the Short Sale approval. Have you lost your job? Do you have to move to another state on short notice? Are you going through a divorce? Do you have medical bills that are overwhelming? Were you laid off and as a result, your income has dropped several hundred or thousand dollars per month? Take as much time as you can to clearly state this part of your request. Your reasons must speak directly to why you are unable to pay your mortgage. 6. Let your lender know that you have consulted a realtor, or a lawyer, for advice on how to avoid foreclosure. You were told that the only options would be to sell your home at a loss with the Short Sale, or file for bankruptcy. 7. Ask for permission to proceed with the Short Sale at the earliest possible date. Be prepared for the answer “no”. Not all short sale requests are granted. You may have enough equity in the home that a very small profit may be realized, or the loss would not be unmanageable if you sold your home through regular channels. Retrieved from “http://www.articlesbase.com/real-estate-articles/write-strong-hardship-letters-for-short-sales-1513182.html” (ArticlesBase SC #1513182) Watch your traffic increase just by submitting articles with us, click here to get started. Lauren Kline - Begin your search for Montgomery County MD real estate at LaurenKlineRealEstate.com. Her team will help you find the perfect Georgetown DC real estate. ]]> Questions and Answers Ask our experts your Real Estate related questions here… 200 Characters left I was denied a Hamp mod due to NPV caculations. My lender will not explain these terms to me. They said they cannot help me. I need to short sale and get out. Can u please help me Rate this Article vote(s) Feedback Article Tags: Latest Real Estate Articles
short sale timing, buying a short sale, foreclosure timing. (03:58)
Learn how to sell a home in a short sale in this video from experienced realtors and mortgage brokers. (02:54)
Short Sale Secrets Clip 2
Learn what foreclose means and what you can do to get back on track -Learn about Short Sale? (00:42)
Learn how to: Bill and Dwan Twyford discuss the details of the short sale and offer many other options for investors to use when assisting the homeowner in the beginning stages of foreclosure. A.D. Kessler’s Real Estate Roundtable #357 Clip 3 from Creative Real Estate Magazine at www.cremag.com. (01:04) By D.C. Fawcett is offering the best deal for the real estate foreclosure industry It’s no secret that the business of real estate is a proven winner and especially so in today’s economy. Where do most investors start when they seek opportunities in buying foreclosures? You’ll discover that real estate short sale, especially luxury home short sales is the most profitable niche in foreclosure investing in today’s market. The best part about short sales is there is no risk, you don’t need any previous experience and all of the deals are no money down. By: Finance> What You Need To Know To Use Short Sell Real Estate Deal? In real estate market, a short sale is primarily used in the case when the outstanding loan against a property gets higher than the market value of the property itself. If you want to learn how to short sell real estate property, then this article will help you a lot in doing so. By: Finance> Although today’s foreclosure buyers can still purchase some of these homes below market value, however, the bad loans that were made in the past years have made it difficult for most of these homes to sell at the auction. In most cases the homeowner owes more on the property than it is worth, and the bank needs to recover as much or more than the market value of the property, which means that majority of these homes will not sell at the auction. By: Business> Selling Real Estate - What You Need To Know If you are planning to sell your home and you decide to get as much information about selling real estate before jumping into that major decision, you have come to the right article. You will have an overview of what will happen when you finally decide to include your property… By: Finance> The Successful Real Estate Foreclosure Investor’s Secret Weapon Technique With Foreclosures and pre-foreclosures rising at epidemic levels, one extremely powerful technique is being implemented today with stunning results! Short sales! You’ve heard the buzz word. You’ve heard other successful investors talking about it. This informative article tells you about this little-known, but powerful investment strategy to use with banks when dealing with foreclosures. By: Finance> How to execute a “short sale” to buy McHenry County Real Estate http://mchenryilrealestate.com/ - Do you how to execute a real estate short sale when buying a home in McHenry IL? Find out in our Special Report for 2010 home buyers by clicking on the link above. By: 5 Alternatives to Arizona Real Estate Foreclosure Foreclosures are running rampant nowadays and it seems that just about everyone knows someone who is in foreclosure. We are in a time where to many people it just doesn’t make any more sense to keep making those mortgage payments. By: Finance> Learn how to avoid missing out on the Best Real Estate Investment Properties Of the major issues affecting the real estate investor, finding the properties and what resources are best to use in finding the bargains so that real estate investor can purchase the investment property of choice. Learn how to find the cream of the crop when it comes to finding good real estate investment properties. By: Business> Playa del Carmen Real Estate Review of 1st Quarter 2011 Late in 2010, industry professionals were predicting a good year for Playa del Carmen real estate during 2011. Reviewing the first quarter, buyers will be able to see that opportunities are definitely here, but they may wish at least to start watching sales soon. By: Finance> Playa del Carmen Homes New Home for Sale vs. Land Are you planning to buy a Playa del Carmen home for sale? If so there you may consider buying a home, or investing in land for sale to have a home built. The following are a few advantages of each to help you choose. By: Finance> Getting to Know Mexico Laws; Buying Real Estate Safely If you have been considering buying real estate in Mexico, one of the first steps to ensure that you will be buying real estate safely is to inform yourself concerning Mexico laws and other relevant information. By: Finance> Buying Mexico Real Estate on the Beachfront – Choosing Your Agent The most important early step in buying Mexico beachfront real estate is finding a qualified agent. This important decision deserves the added care which you would apply when investing a major amount in any kind of market. By: Finance> Can I Afford a Puerto Vallarta Beachfront Condo? One of the most attractive features of Puerto Vallarta real estate is that it offers a broad range of prices and styles, appealing to just about any buyer; this point is equally true of Puerto Vallarta condos for sale on or near the beachfront. By: Finance> Playa del Carmen Real Estate Deals for 2011 Playa del Carmen real estate, which saw only a minor slow down during the lowest point of the recession, offer excellent price reductions for those who keep on top of things and are prepared to move quickly on the best deals. By: Finance> Playa del Carmen Beachfront for Sale – Variety of Condo Locations When considering buying Playa del Carmen property, condos on the beachfront are one of the top options. The following are a few locations where buyers may consider buying Playa del Carmen beachfront for sale. By: Finance> Invest in Your Family’s Enjoyment & Generate Income! Did you know that enjoying family vacations doesn’t have to be an expense? Did you know that it can actually be an income? This is what Playa del Carmen condo sales have begun offer. By: Finance> Location is important. Healthy plants will thrive if given the right conditions. Try to make sure that you create a south-facing plot, where the sun can fall directly onto the plants for at least five hours a day. Avoid areas with nearby trees which may cast shadows and can also cause problems due to root growth. Choose a site that gets little wind exposure. By: Home Improvement> A 2009 survey by the National Association of Home Builders showed that while many buyers are happy to consider some extra costs in an effort to be environmentally responsible, the actual amount that the majority are willing to pay for the privilege is far from realistic. By: Finance> Get Creative with Metal Countertops for your Kitchen Pewter is another popular choice for metal counter tops. Also an alloy, with a mixture of tin and a small amount of copper, pewter is used often to create a bistro setting at home. It, too, offers a patina finish as gray or charcoal colors appear after time. It is also a soft metal and can be formed, such as having decorative edges on counter tops. By: Finance> New Home Owners: Prepare your Home for Winter Buy enough ice melter to last you the whole winter if you can; stores often don’t carry enough to last more than a few months into the winter, particularly if the weather is very poor. Store your salt or ice melt in a dry place until you need to open it; a plastic container in a covered area by your door is a handy place to keep some as well. Make sure that you include a plastic scoop to help you distribute the product over any areas that you have shovelled or have gotten slippery. By: Home Improvement> Stocking the Kitchen in Your Brand New Home No matter what kind of cooking you actually do, there are some general basics that are useful for any kitchen; and even if you have some of these items already, it’s nice to have new things for your new house, especially if you’ve been using the castoffs that your family donated to you when you moved out. By: Home Improvement> Sealing and Insulating to Save Money Weather conditions will also be a factor when deciding which type of weatherstripping to use, such as a cold and rainy climate in the Pacific Northwest vs. a dryer climate in Arizona. Ensure that the temperature is above 20 degrees Fahrenheit when you are installing the product. By: Home Improvement> Selling Your House Quickly on a Budget Everyone knows that it takes a little sprucing up to make your house sale ready. The most recent evidence of this is the surge in staging companies, and courses for consumers on how to do staging themselves. But can you do it yourself without a lot of cash outlay? Absolutely! By: Finance> Reducing the Likelihood of Flood Damage in Your New Home In some areas that are more threatened on a yearly basis by floods, homeowners choose to build their houses raised up so that they’re less likely to suffer damage. Many of them also raise up the level of their electrical outlets and fuse boxes to avoid damage to the electrical systems in their home in case of flooding. By: Finance> Add new Comment Your Name: * Your Email: Comment Body: *
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Author Navigation My Home Lauren Kline has 30 articles online Articles Categories Advertising Accounting ]]> Need Help? Site Links Webmasters Business Info Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License. Begin your search for Montgomery County MD real estate at LaurenKlineRealEstate.com. Her team will help you find the perfect Georgetown DC real estate.
Jan
15
2010
Tips on How to Write a Short Sale Hardship LetterPosted by Usual in Bank approved short sales, tags: Hardship, Letter, Sale, Short, TIPS, WriteA letter of hardship is a statement written by a debtor that main goal is to convince a bank or mortgage institution to agree to a short sale of an asset or property. A short sale is the sale of an asset or property for less than the value of mortgage or loan. This sale is a settlement between the debtor and the financial institution that allows the bank to recoup some financial losses associated with bad or defaulted loans. A short sale also allows the debtor to avoid imminent foreclosure. In order to apply for these short sales, the debtor must convince the banking institution of his or her inability to repay the loan or debt. This statement is often made in a letter of hardship. When writing a letter of hardship, it is important to remember that the primary point of the letter is to convince the financial institution that the debtor, due to certain issues, is not likely to repay the outstanding loan. If the banking institution is properly convinced that the debtor will default on the outstanding loan or mortgage, then they may decide to agree to a short sale of the property or asset. A letter of hardship should be detailed and personal. It should describe the debtor’s current financial situation, listing current income, other loan obligations, and any potential collateral available. The letter should also attempt to explain why the debtor will likely not be able to repay the loan obligation. Remember that the individuals who will decide whether or not to issue a short sale are human. They will be more likely to issue a short sale if the debtor has incurred unforeseen debt or expenses. This unforeseen debt could be related to a death in the family, personal health problems, or any other reason that has led to the unexpected financial stress. The debtor should be honest in a letter of hardship and stress the exact reasons why he or she has fallen behind on their mortgage or loan payments. It is estimated that loan officers receive forty to fifty applications for a short sale per a day. Less than one short sale is approved for every ten applied for. Oftentimes, a letter of hardship is what separates an approved short sale application from those applications that are denied. The letter should be truthful and personal. There are many real estate companies that offer to write a letter of hardship as part of a short sale package. While these packages are often very professional and the experience of qualified real estate agents is helpful and reassuring, a letter of hardship should only be written by the debtor. This letter should be short, usually under one page. However, there are no set rules. A compelling letter of hardship can often run two or even three pages. The debtor should try to resist the urge to list a set of excuses for his or her current financial situation. Instead, the debtor should focus on concrete reasons for why they have fallen behind on their mortgage or loan payments. Acceptable reasons for falling behind may include the death of a wage earner, unexpected health costs, or the loss of a job. Try to avoid any mention of any unexpected legal fees associated with a criminal defense or personal lawsuit as a reason for the failure to repay a loan or mortgage. How to write a short sale hardship letter. |
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