Bonita Springs FL – Most agents complain about how short sales drag out for months at a time.

Another agent once told me, “I hate short sales. They take 9-12 months to complete. The banks never call you back to let you know what is happening.”

The real problem is that most home buyers will wait for 45-60 days for an answer on a short sale offer. After that, then they become impatient.

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

Here are the 4 simple steps your agent can use to get your short sale approved in 90 days. If they miss any of these steps, then you risk waiting 6-9 months for an answer on the short sale.

Step 1: Find out the type of loan it is. Examples are Fannie Mae, Freddie Mac, FHA, VA, Portfolio, and “Sliced and Diced.”

Step 2: Influence the BPO. The BPO is the bank’s version of an appraisal. They use that property valuation to make a decision to approve or deny a short sale offer.

Many BPOs are inaccurate. As a result, many short sales are unnecessarily rejected. The banks lose even more money when they property sells later on.

Step 3: Find out what the BPO value is. Ask the negotiator for that info. They are required to send you a copy of the FHA appraisal (if the short sale loan is an FHA loan.)

You can get a copy of the VA appraisal (short sale on a VA loan) from one of the VA Loan Centers.

Step 4: Use that information and knowledge of the loan owner’s short sale guidelines to force the lender to approve the short sale.

Note: If the buyer’s offer meets the loan owner’s short sale guidelines, then it should be approved as is. No being washy washy and wasting people’s time. 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 robert@vesci.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 (239) 450-7575

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

Thinking about a loan modification? Our Naples 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, Robert Vesci.

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

Bonita Springs Loan Modification Help, Bonita Springs short sales. Bonita Springs Loan Modification Help, Bonita Springs short sales. Bonita Springs Short Sale Realtor Bonita Springs FL Short Sales. Bonita Springs Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Robert Vesci, Mari Vesci Realtors Inc., 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 Robert’s personal views and do not reflect the views of Mari Vesci Realtors Inc.

You can get deductions on the mortgage loan interest.

Now, what is the mortgage loan interest? The mortgage interest that you are required to shell out is the amount that you are required to pay for borrowing the principal amount in order to finance your home. These kinds of loans are the mortgages which are used to buy a home, or a second mortgage or a home equity loan or home equity line of credit.

So, you can get the deduction on the mortgage loan interest if you are a primary borrower.

Deduction on mortgage loan interest

In order to get the deductions on the mortgage loan interest you will be required to:

Add up the expenses – You will be required to add up the expenses that you think you will be able to itemize. These itemizations are the deductions which you are required to list in order to get it clear that the total is much greater than the amount which is to be considered for standard deduction. Some of the main things that you can include in the list of itemized deductions are the state taxes paid, the interest paid on the mortgage, the interest paid on the home equity loan, the property tax payments, and also any kind of charitable contributions that was made by you. You will be able to get all of these details if you use a mortgage calculator.
Obtain schedule A form – Then you will have to try and get hold of a Schedule A form so that you will be able to fill in all of the itemized deductions. The third section of this form is mainly for the interest deductions that are to be done.
Mention name of mortgage company – You will be required to fill in the name of the mortgage company or the bank with whom you have been paying the mortgage interest. In addition to this, you will also be required to mention the amount that you have paid during the tax year. The lending institution on their part, are supposed to send you a Form 1098 with the information of the payments on it.Put name of another person you have paid – If you had paid the interest to anyone else, you will be required to put that person’s name too in the form. In this case too, you will be required to mention the amount that you had paid during the last tax year. However, individuals getting interest payments from you are not required to send the Form 1098.
Put name of bank and amount paid – You will also be required to put name of the lending institution and the amount which you had paid in the tax year in points so as to get the loan.

Other than doing the above, you will be required to go on filling up the whole information on the form.

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

Limitations of the amount of the deduction of the mortgage loan interest.

 The amount that you can deduct every year is in general limited. There are mainly two kinds of limitations. One is that if all mortgages were used to buy and construct and even improve your home, and also the second home (if any), you can deduct in total more than $1 million. On the other hand, under the other deduction option, you are also allowed to deduct interest in general on the home equity debt which amounts up to $100,000 irrespective of the way in which you have been using the loan proceedings.

All kinds of home mortgages which are secured either by your primary home or the second home are in general subject to the same kind of limitations on the whole.

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 robert@vesci.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail. If you prefer, then you can call me at (239) 450-7575.

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

Thinking about a loan modification? Our Naples Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, ROBERT VESCI PA.

Robert is a Real Estate Broker-associate/REALTOR at MARI VESCI REALTORS INC. Naples Short Sales Realtor:

Phone: (239) 450-7575. robert@vesci.com.

View My homes for sale & search MLS at www.homesnaplesfloridaforsale.com.

Naples Loan Modification Help, Naples short sales. Naples Loan Modification Help, Naples short sales. Naples Short Sale Realtor, Short Sale Realtor, Naples FL Short Sales. Naples Realtor.

Information is deemed reliable but not guaranteed as of the date of writing. This information on Naples Short Sales:is provided as a courtesy to our viewers to help them make informed decisions.

We offer a FREE loan modification kit that is provided to you in as-is, where-is condition with no warranty or guarantee expressed or implied. The likelihood of successfully negotiating a loan modification depends on your individual situation, the lender, but most of all on the amount of hard work, frequent communication and persistence to convince your lender to modify your loan. No matter what is done your lender may not approve a loan modification.

To the extent this post contains any legal or tax information it is not intended to be used as legal or tax advice. The sender is a REALTOR and is not licensed or qualified to provide legal or tax advice and suggests that the reader consult their attorney or accountant for advice relating to the legal or tax content before making any decision.

Your upside down home should not be a burden to you.

Naples FL – I receive calls all the time from homeowners that have fought their Lenders for over a year and have paid thousands in doing so, but now decided to short sale with my help.

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

Because of this, I decided to break down the reasons to short sale your home. In addition I added in a few reasons you should NOT consider A Short Sale:

Do NOT Short Sale if the value of your home is appreciating more then 5% a year. I have found that once you are upside down on your home more than 10%, then in most cases the housing market has dug a hole that no amount of financial superman work can get you out.

Short Sale if you are a financial superman. If you are a CPA or Harvard Grad Number Cruncher, then you understand that numbers are more important than warm and fuzzy thinking.

Take a look at GM and all the businesses that go “Short Sale.” You can call it that. They know the numbers the numbers are what matter to them. If you are too far upside down, then is better to walk away from the debt and start over.

Do NOT Short Sale if you are going to make TONS of money in the future! You can probably convince your lender to grant you a loan modification and get back on your feet.

Short Sale if you can find a rental home comparable to your home. You have to live somewhere. We have seen lots of homeowners find a nicer home to rent for a lower monthly payment than their “upside down” home.

They Short Sold their house and were able to live a happier, more stress free life afterwards.

Do NOT Short Sale if you think that you are different from large Wall Street Firms that willingly walk away from their obligations.

You believe that your finances should not be run like a business, you should never retire, and that people in debt deserve to work 80 hours a week for the rest of their life until they pay off their debt.

This one drives me nuts. It is ok for Morgan Stanley to strategically walk away from their obligations on 5 San Francisco Towers they bought, but it’s not ok for “Average Joe Homeowner” to walk away from his upside down house?

What is wrong with the moral compass here? It is ok for a business to re-negotiate their debts with banks, but it is wrong for a homeowner to do it!

Are you crazy? Why do banks write off millions in debt for businesses while the homeowners should pay forever and never get a real loan mod? I guess they figure that homeowners not good business people and will allow the bank to push them around.

As you can see, when you run the numbers Short Sales almost ALWAYS make financial sense. Staying in a home that is upside down makes lousy financial sense, unless you get an awesome loan mod.

Now those are my opinions, and those points do not apply to every situation. What I am saying is that you really should look at your home as a financial investment, NOT a stone around your neck.

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 robert@vesci.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail. If you prefer, then you can call me at (239) 450-7575.

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

Thinking about a loan modification? Our Naples Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, ROBERT VESCI PA.

Robert is a Real Estate Broker-associate/REALTOR at MARI VESCI REALTORS INC. Naples Short Sales Realtor:

Phone: (239) 450-7575. robert@vesci.com.

View My homes for sale & search MLS at www.homesnaplesfloridaforsale.com.

Naples Loan Modification Help, Naples short sales. Naples Loan Modification Help, Naples short sales. Naples Short Sale Realtor, Short Sale Realtor, Naples FL Short Sales. Naples Realtor.

Copyright 2011 SFI Marketing Institute, LLC & ROBERT VESCI PA. All Rights Reserved.

Important Notices

ROBERT VESCI PA, MARI VESCI REALTORS INC & SFI Marketing Institute, LLC 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; most short sale transactions are beneficial to the lender. If you accept our offer to help you on a short sale, your lender may not agree to complete a short sale.

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 are paid a real estate sales commission by your lender for helping you to obtain an offer at a price that the lender is willing to accept the short sale.

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.

Information is deemed reliable but not guaranteed as of the date of writing. This information on Naples Short Sales: Should I Short Sale or Keep trying to Save the House? is provided as a courtesy to our viewers to help them make informed decisions.

We offer a FREE loan modification kit that is provided to you in as-is, where-is condition with no warranty or guarantee expressed or implied. The likelihood of successfully negotiating a loan modification depends on your individual situation, the lender, but most of all on the amount of hard work, frequent communication and persistence to convince your lender to modify your loan. No matter what is done your lender may not approve a loan modification.

To the extent this post contains any legal or tax information it is not intended to be used as legal or tax advice. The sender is a REALTOR and is not licensed or qualified to provide legal or tax advice and suggests that the reader consult their attorney or accountant for advice relating to the legal or tax content before making any decision.

A rental house looked like a great way to make money, at least until the housing market collapsed.

Naples FL – Why would a Lender allow a wealthy person to walk away from the debt on an investment property?

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

Here are a few reasons that a lenders will allow a wealthy investor to walk away from an upside down investment property.

Lenders know that if they can give a customer what they want, then it will help them. If they don’t give a customer what they want, then everything turns into a fight.

Some homeowners will hire a lawyer to review every clause in the mortgage. They will check to make sure that each clause of the mortgage meets every single conceivable state and federal law.

Other people will declare bankruptcy to avoid paying the debt. This is the biggest impediment keeping lenders from collecting on a debt.

Debt is very hard to collect even in court. In fact, only around 8-10% of all judgments are ever collected. That means a lot of people and lenders spend thousands of dollars in court getting a judgment, only to never collect the money.

This is one of the reasons that a debt collection company recently bought $20 Million Dollars worth of Deficiency Judgments for $150,000. I don’t know which lender sold them, but apparently that is all they thought they were worth.

I hope this helps you see why a lender would find it simpler to approve a short sale rather than pursuing a debtor in the hopes of collecting on the deficiency.

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 robert@vesci.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail. If you prefer, then you can call me at (239) 450-7575.

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

Thinking about a loan modification? Our Naples Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, ROBERT VESCI PA.

Robert is a Real Estate Broker-associate/REALTOR at MARI VESCI REALTORS INC. Naples Short Sales Realtor:

Phone: (239) 450-7575. robert@vesci.com.

View My homes for sale & search MLS at www.homesnaplesfloridaforsale.com.

Naples Loan Modification Help, Naples short sales. Naples Loan Modification Help, Naples short sales. Naples Short Sale Realtor, Short Sale Realtor, Naples FL Short Sales. Naples Realtor.

Copyright 2011 SFI Marketing Institute, LLC & ROBERT VESCI PA. All Rights Reserved.

Important Notices

ROBERT VESCI PA, MARI VESCI REALTORS INC & SFI Marketing Institute, LLC 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; most short sale transactions are beneficial to the lender. If you accept our offer to help you on a short sale, your lender may not agree to complete a short sale.

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 are paid a real estate sales commission by your lender for helping you to obtain an offer at a price that the lender is willing to accept the short sale.

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.

Information is deemed reliable but not guaranteed as of the date of writing. This information on Naples Short Sales: Why would a Lender allow a wealthy person to walk away from the debt on an investment property? is provided as a courtesy to our viewers to help them make informed decisions.

We offer a FREE loan modification kit that is provided to you in as-is, where-is condition with no warranty or guarantee expressed or implied. The likelihood of successfully negotiating a loan modification depends on your individual situation, the lender, but most of all on the amount of hard work, frequent communication and persistence to convince your lender to modify your loan. No matter what is done your lender may not approve a loan modification.

To the extent this post contains any legal or tax information it is not intended to be used as legal or tax advice. The sender is a REALTOR and is not licensed or qualified to provide legal or tax advice and suggests that the reader consult their attorney or accountant for advice relating to the legal or tax content before making any decision.

If you wait for the bank to call you, then the short sale will never be approved.

Naples FL – The short sale approval process can be very frustrating for Buyers that make offers on short sale properties.

Many buyers have asked “Is there anything I can do on my end to try to push the process along, or is it all up to the agents?”

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

Short sales can take a long time. But, usually the longest they should take is 3-4 months.

If the short sale hasn’t been approved by the end of 4 months, then it probably won’t be approved by the end of 12 months. I remember reading an article online about why the short sale process takes 9-12 months.

The author just broke each part down and justified why the entire process should take that long. I don’t think the author knew what he was talking about.

I have been able to get short sales approved as fast as 1 month. Most have been approved before the end of 3 months.

You mentioned that the agent “still hasn’t heard from the negotiator.” Did they ever think of maybe trying to contact the negotiator? It’s their job to help the seller sell their house and avoid foreclosure.

Calling the negotiator is part of the job. If I was you, I would find another short sale where the listing agent is experienced with short sales and doesn’t wait for the negotiators to call them.

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 robert@vesci.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail. If you prefer, then you can call me at (239) 450-7575.

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

Thinking about a loan modification? Our Naples Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, ROBERT VESCI PA.

Robert is a Real Estate Broker-associate/REALTOR at MARI VESCI REALTORS INC. Naples Short Sales Realtor:

Phone: (239) 450-7575. robert@vesci.com.

View My homes for sale & search MLS at www.homesnaplesfloridaforsale.com.

Naples Loan Modification Help, Naples short sales. Naples Loan Modification Help, Naples short sales. Naples Short Sale Realtor, Short Sale Realtor, Naples FL Short Sales. Naples Realtor.

Copyright 2011 SFI Marketing Institute, LLC & ROBERT VESCI PA. All Rights Reserved.

Important Notices

ROBERT VESCI PA, MARI VESCI REALTORS INC & SFI Marketing Institute, LLC 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; most short sale transactions are beneficial to the lender. If you accept our offer to help you on a short sale, your lender may not agree to complete a short sale.

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 are paid a real estate sales commission by your lender for helping you to obtain an offer at a price that the lender is willing to accept the short sale.

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.

Information is deemed reliable but not guaranteed as of the date of writing. This information on Naples Short Sales: A Short Sale Approval should take no longer than 4 Months is provided as a courtesy to our viewers to help them make informed decisions.

We offer a FREE loan modification kit that is provided to you in as-is, where-is condition with no warranty or guarantee expressed or implied. The likelihood of successfully negotiating a loan modification depends on your individual situation, the lender, but most of all on the amount of hard work, frequent communication and persistence to convince your lender to modify your loan. No matter what is done your lender may not approve a loan modification.

To the extent this post contains any legal or tax information it is not intended to be used as legal or tax advice. The sender is a REALTOR and is not licensed or qualified to provide legal or tax advice and suggests that the reader consult their attorney or accountant for advice relating to the legal or tax content before making any decision.

Trying to decide if a short sale is right for YOU, Afraid YOUR lender won't allow a short sale.

Naples FL – Have you recently purchased another home and make a good living, but can’t afford to pay both mortgages.

(The house won’t rent for half of the current payment & the house is worth less than the mortgage amount.

It is still realistic to try the short sale if the only hardship was created when you decided to move to a larger home.

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

I still think you can short sale. In our experience short sale negotiators do not spend hours going thru every single document in a short sale file.