Stop Foreclosure Institute of Murrieta Assisting Homeowners in Distress

Thinking About A Murrieta-Temecula Loan Modification? Run The Numbers First

April 24, 2012
Comments 747

Murrieta-Temecula CA – When you negotiate your loan mod you need to remember that the banks are professional negotiators. They know the tricks.

They know how to suck as much money out of you as is legally possible. Don’t kid yourself. They’re going to use every single tool in their tool chest to squeeze you.

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

So before you start negotiations with the bank, you’ve got to be prepared. You can’t just walk into a gunfight with a knife. You’ve got to go prepared so you get yourself the best deal.

Research your options. The lender’s negotiator can sense weakness. They can sense when you’ll take any payment amount they tell you. Guess what happens next?

You’re going to be stuck with a much higher monthly payment. Make sure that when you start negotiations, you know the alternatives. You can’t negotiate unless you come from a position of power.

You must be able to say, “I can afford to walk away from the negotiating table if you push me too hard. If the bank pushes me to a monthly payment that I can’t afford, then I will walk away and get a better deal for myself elsewhere.”

Find what houses similar to yours are renting for. It might make sense to rent and divorce the unrealistic lender and overpriced mortgage.

I’ve seen so many people stay in their house and accept a monthly payment much higher than what they could rent a similar home for each month.

The other thing is, they’re already strapped just trying to pay their mortgage each month. It becomes a struggle to put food on the table. How did that happen?

Well, their lender was good at negotiating. Don’t let someone who’s good at negotiating push you around and take food off your table. 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 info@BWestRealty.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 951-375-0367

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

Thinking about a loan modification? Our Murrieta-Temecula 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, Kevin McLaughlin.

Kevin is a Real Estate Broker at Berkshire West Realty. Murrieta-Temecula Short Sales Realtor:

Phone: 951-375-0367. info@BWestRealty.com.

Sometimes Moving Forward In Life Begins By Simply Moving

View homes for sale at www.BerkshireWestRealty.com.

Kevin McLaughlin specializes in loan modification assistance and short sales in Murrieta-Temecula California. Murrieta Loan Modification Help, Murrieta Short Sales. Murrieta Short Sale Realtor. Temecula Loan Modification Help, Temecula Short Sales. Temecula Short Sale Realtor. Winchester Loan Modification Help, Winchester Short Sales. Winchester Short Sale Realtor. Menifee Loan Modification Help, Menifee Short Sales. Menifee Short Sale Realtor. Wildomar Loan Modification Help, Wildomar Short Sales. Wildomar Short Sale Realtor. Murrieta CA Short Sales. Murrieta Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Kevin McLaughlin, Berkshire West 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 endorsed 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 paid by your lender for helping you on a short sale.

The views expressed here are Kevin’s personal views and do not reflect the views of Berkshire West Realty.

This information on Thinking About A Murrieta-Temecula Loan Modification? Run The Numbers First is provided as a courtesy to our viewers to help them make informed decisions.

Why Murrieta-Temecula Loan Modifications Don’t Help You: Family Rents Bigger House For $550 Less Than Old Home

April 23, 2012
Comments 666

Murrieta-Temecula CA – It’s sad that the banks aren’t willing to give anyone a principal reduction. The banks reasoning is that if they start granting principal reductions, then every single upside down homeowner will want one.

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

As a result people are stuck overpaying for their upside down homes. Take an example of a family who bought their home at the peak of the market. Their monthly payment was $2,100.

Their lender agreed to forgive their missed back payments. But, they wouldn’t reduce their monthly payment. So, this family start looking at other options.

They had recently had their first kid and wanted to move out of their townhouse. They wanted a house with a yard. They found a bigger home with a large yard for their daughter.

The new home even had a 2 car garage that their townhouse didn’t. They liked the new home. But, they liked the payment even better. The rent payment was $1550 a month.

That’s a 26% reduction in their monthly payment. Even worse, it may have taken 25 years for their house to be worth what they had paid for it.

Let’s say that they had had accepted their lender’s offer and agreed to pay $2,100 a month. According to my calculations, they would have paid their lender $198,000 extra above what they pay for rent.

Ouch! That is a good example of why loan modifications don’t help anyone but the banks. 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 info@BWestRealty.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 951-375-0367

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

Thinking about a loan modification? Our Murrieta-Temecula 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, Kevin McLaughlin.

Kevin is a Real Estate Broker at Berkshire West Realty. Murrieta Short Sales Realtor:

Phone: 951-375-0367. info@BWestRealty.com.

Sometimes Moving Forward In Life Begins By Simply Moving

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

Kevin McLaughlin specializes in loan modification assistance and short sales in Murrieta-Temecula California. Murrieta Loan Modification Help, Murrieta Short Sales. Murrieta Short Sale Realtor. Temecula Loan Modification Help, Temecula Short Sales. Temecula Short Sale Realtor. Winchester Loan Modification Help, Winchester Short Sales. Winchester Short Sale Realtor. Menifee Loan Modification Help, Menifee Short Sales. Menifee Short Sale Realtor. Wildomar Loan Modification Help, Wildomar Short Sales. Wildomar Short Sale Realtor. Murrieta CA Short Sales. Murrieta Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Kevin McLaughlin, Berkshire West 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 endorsed 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 paid by your lender for helping you on a short sale.

The views expressed here are Kevin’s personal views and do not reflect the views of Berkshire West Realty.

This information on Why Murrieta-Temecula Loan Modifications Don’t Help You: Family Rents Bigger House For $550 Less Than Old Home is provided as a courtesy to our viewers to help them make informed decisions.

Murrieta-Temecula Short Sales: What To Do When A Short Sale Negotiator Gets An Attitude

April 20, 2012
Comments 667

Murrieta-Temecula CA – Most short sale negotiators are professional. They understand the seriousness of their jobs. They work hard to educate themselves on the industry and market trends.

They are friendly and fun to work with. This is one of the things I like about selling short sales for a living. The downside is that every once in a while a negotiator will get an attitude.

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

For whatever reason they have decided to go on a power trip. They start asking for unnecessary paperwork. Or, they nitpick the paperwork you send to them.

Most agents just kowtow to the negotiator. They think that the negotiator has all of the power. I have found that isn’t true. The negotiator has very limited power.

After all, they don’t own the bank. They aren’t the one who will be losing money on the loan. The fact is most banks lose a substantial amount of money when they turn down a short sale.

As an example, a bank turned down a $190,000 offer on a short sale. The property sold about 18 months later. But, this time it didn’t sell for $190,000. It sold for $165,000.

Not only did that bank lose $25,000 on the sales price. They also paid the property taxes and insurance for that amount of time. In addition, they were unable to lend that money and earn interest.

I estimate they lost an additional $15,000 when you factor in the interest. That’s a $40,000 loss. When a short sale negotiator gets an attitude I simply remind them of this.

And I tell them I will be holding them accountable if they turn down the short sale and the bank loses more money as a result. Needless to say, they lose the attitude. 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 info@BWestRealty.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 951-375-0367

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

Thinking about a loan modification? Our Murrieta-Temecula 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, Kevin McLaughlin.

Kevin is a Real Estate Broker at Berkshire West Realty. Murrieta-Temecula Short Sales Realtor:

Phone: 951-375-0367. info@BWestRealty.com.

Sometimes Moving Forward In Life Begins By Simply Moving

View homes for sale at www.BerkshireWestRealty.com.

Kevin McLaughlin specializes in loan modification assistance and short sales in Murrieta-Temecula California. Murrieta Loan Modification Help, Murrieta Short Sales. Murrieta Short Sale Realtor. Temecula Loan Modification Help, Temecula Short Sales. Temecula Short Sale Realtor. Winchester Loan Modification Help, Winchester Short Sales. Winchester Short Sale Realtor. Menifee Loan Modification Help, Menifee Short Sales. Menifee Short Sale Realtor. Wildomar Loan Modification Help, Wildomar Short Sales. Wildomar Short Sale Realtor. Murrieta CA Short Sales. Murrieta Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Kevin McLaughlin, Berkshire West 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 paid by your lender for helping you on a short sale.

The views expressed here are Kevin’s personal views and do not reflect the views of Berkshire West Realty.

This information on Murrieta-Temecula Short Sales: What To Do When A Short Sale Negotiator Gets An Attitude is provided as a courtesy to our viewers to help them make informed decisions.

Murrieta-Temecula Short Sale Question: Should I Short Sale My Home?

April 18, 2012
Comments 721

Murrieta-Temecula CA – The Stop Foreclosure Institute recently received a question from Sergio. Here was his question.

“I have owned my house since 2006. My employer reduced my salary by 30% and now I have to move out of state where I have found a new job.

The house is a problem. Since 2006 my house price has dropped by about $40,000. That means I have a $40,000 deficiency, which I don’t want to pay.

I have option to rent the house, but I am still considering a short sale. Any advice? Sergio.”

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

Here was our answer to Sergio’s Question: Sergio, I would attempt a short sale. Depending on your situation and the type of loan you have, more than likely you will not have a deficiency.

I can give you a better answer after I get more information from you. I wouldn’t recommend renting the house. How hard is it going to be to manage when you are out of state?

What if the tenants stop paying? What if a pipe breaks and floods the house? I’m not saying don’t rent the house. I just know from past experience that managing rental property from a distance is super tough.

I knew a real estate investor who targeted what he called “tired, out of town landlords.” He would offer to buy their property below market.

Surprisingly, many of them accepted his lowball offers because they were so tired of dealing with the property. Here is the other downside on renting.

You will probably have negative cash flow every month. I don’t know what your house will rent for. But, if you are upside down on your house value, then you are likely also upside down on the rental value.

That means you will almost certainly lose money on the rent every month. With your precarious financial situation, recent 30% salary cut, and move out of state, the last thing you need is another bill each month.

With a short sale you can walk away owing nothing, with no tax liability, and be eligible to buy another house in 2-3 years.

That sounds a lot better to me than being stuck with a money losing house 2 years from now. 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 info@BWestRealty.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 951-375-0367

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

Thinking about a loan modification? Our Murrieta-Temecula 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, Kevin McLaughlin.

Kevin is a Real Estate Broker at Berkshire West Realty. Murrieta-Temecula Short Sales Realtor:

Phone: 951-375-0367. info@BWestRealty.com.

Sometimes Moving Forward In Life Begins By Simply Moving

View homes for sale at www.BerkshireWestRealty.com.

Kevin McLaughlin specializes in loan modification assistance and short sales in Murrieta-Temecula California. Murrieta Loan Modification Help, Murrieta Short Sales. Murrieta Short Sale Realtor. Temecula Loan Modification Help, Temecula Short Sales. Temecula Short Sale Realtor. Winchester Loan Modification Help, Winchester Short Sales. Winchester Short Sale Realtor. Menifee Loan Modification Help, Menifee Short Sales. Menifee Short Sale Realtor. Wildomar Loan Modification Help, Wildomar Short Sales. Wildomar Short Sale Realtor. Murrieta CA Short Sales. Murrieta Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Kevin McLaughlin, Berkshire West 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 endorsed 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. Even 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 Kevin’s personal views and do not reflect the views of Berkshire West Realty.

This information on Murrieta-Temecula Short Sale Question: Should I Short Sale My Home? is provided as a courtesy to our viewers to help them make informed decisions.

A Few More Tips On Buying Murrieta-Temecula Rental Property

Comments 961

Murrieta-Temecula CA – The return on investment is very good because of a tight rental market caused by the housing crisis. Rents have increased while home prices have dropped.

Single Family Homes are the best way to go because they are easy to rent and you can prescreen for the absolute best tenants. Good tenants are the key to avoiding problems.

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

Have you ever noticed how apartment complexes have to work hard to rent their apartments? Meanwhile, most single family homes are rented without much effort.

Homes tend to attract more stable tenants that are older and have more stable, established jobs.

How to avoid problems with a rental property. Before agreeing to rent to a prospective tenant, ask to look at their financials.

Banks ask for copies of tax returns, bank statements, and pay stubs before approving a loan. I don’t think a tax return is necessary.

But, you can get a much better idea of whether or not someone can pay you when you have copies of bank statements and/or pay stubs.

It will be very hard to get this from someone renting an apartment. But, there are fewer homes for rent and more people looking to rent a home.

That extra demand will allow you to request that information. 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 info@BWestRealty.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 951-375-0367

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

Thinking about a loan modification? Our Murrieta-Temecula 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, Kevin McLaughlin.

Kevin is a Real Estate Broker at Berkshire West Realty. Murrieta-Temecula Short Sales Realtor:

Phone: 951-375-0367. info@BWestRealty.com.

Sometimes Moving Forward In Life Begins By Simply Moving

View homes for sale at www.BerkshireWestRealty.com.

Kevin McLaughlin specializes in loan modification assistance and short sales in Murrieta-Temecula California. Murrieta Loan Modification Help, Murrieta Short Sales. Murrieta Short Sale Realtor. Temecula Loan Modification Help, Temecula Short Sales. Temecula Short Sale Realtor. Winchester Loan Modification Help, Winchester Short Sales. Winchester Short Sale Realtor. Menifee Loan Modification Help, Menifee Short Sales. Menifee Short Sale Realtor. Wildomar Loan Modification Help, Wildomar Short Sales. Wildomar Short Sale Realtor. Murrieta CA Short Sales. Murrieta Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Kevin McLaughlin, Berkshire West 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 endorsed 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 paid by your lender for helping you on a short sale.

The views expressed here are Kevin’s personal views and do not reflect the views of Berkshire West Realty.

This information on A Few More Tips On Buying Murrieta-Temecula Rental Property is provided as a courtesy to our viewers to help them make informed decisions.

Getting Your Finances Back On Track After A Murrieta-Temecula Short Sale. Pros & Cons Of Buying Rental Property

April 16, 2012
Comments 522

Murrieta-Temecula CA – The Pros of Rental Property.

The tenant pays your mortgage payment. You won’t make a lot of money while you have a mortgage. But, where else can you have someone buy and pay off something for you?

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

You start to make real money after the mortgage is paid off. In addition, some properties are so cheap that the rent will pay off a 15 year mortgage. So in 15 years you have a free house.

Rentals are a great hedge against inflation. Notice how gas prices are going up again? The prices of everything else increase with gas prices. Food, clothes, electricity, and everything else goes up.

That means your house will go up in value over the long term. But, you locked in the price when you bought it when prices were lower.

I don’t want to make it seem like rental properties are a no brainer. There are some risks involved. No one should buy a rental property unless they are prepared and understand the risks.

The Cons of Rental Property

Problem #1: Leaky toilets. This is the first thing you should be aware of. We have seen that most problems are not emergency problems.

Many landlords work around these problems by hiring good help in the beginning. They find a good handy man and negotiate on the price before he does any work.

Problem #2: Management. You can find a good property management company to handle everything for you. But, you still have to manage the management company.

If you do not have extra time to manage problems, then rental property is probably not for you. Some people like this buy larger properties and hire better managers.

They meet with their manager once a month and let them handle everything. This works for them because they bought a larger property with better numbers. That extra money can be used to pay a better, more competent manager.

Problem #3: Collecting Rent. This is where many people mess up. You have to be persistent and firm. If you are a sympathetic person, and prone to give people a “break”, then rental property is not for you.

Problem #4: Evictions. This is the bad side of the rental business. Most evictions occur because you didn’t pre-screen a tenant well enough.

You must budget enough so that you can afford an eviction when it happens. An eviction will cost you 2-3 months of rent. That is why you must have a rainy day fund for situations like this. 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 info@BWestRealty.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 951-375-0367

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

Thinking about a loan modification? Our Murrieta-Temecula 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, Kevin McLaughlin.

Kevin is a Real Estate Broker at Berkshire West Realty. Murrieta-Temecula Short Sales Realtor:

Phone: 951-375-0367. info@BWestRealty.com.

Sometimes Moving Forward In Life Begins By Simply Moving

View homes for sale at www.BerkshireWestRealty.com.

Kevin McLaughlin specializes in loan modification assistance and short sales in Murrieta-Temecula California. Murrieta Loan Modification Help, Murrieta Short Sales. Murrieta Short Sale Realtor. Temecula Loan Modification Help, Temecula Short Sales. Temecula Short Sale Realtor. Winchester Loan Modification Help, Winchester Short Sales. Winchester Short Sale Realtor. Menifee Loan Modification Help, Menifee Short Sales. Menifee Short Sale Realtor. Wildomar Loan Modification Help, Wildomar Short Sales. Wildomar Short Sale Realtor. Murrieta CA Short Sales. Murrieta Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Kevin McLaughlin, Berkshire West 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 endorsed 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 paid by your lender for helping you on a short sale.

The views expressed here are Kevin’s personal views and do not reflect the views of Berkshire West Realty.

This information on Getting Your Finances Back On Track After A Murrieta-Temecula Short Sale. Pros & Cons Of Buying Rental Property is provided as a courtesy to our viewers to help them make informed decisions.

Why A Murrieta-Temecula Short Sale Is The Best Alternative To Get Out From Under An Upside Down Mortgage

April 12, 2012
Comments 770

Murrieta-Temecula CA – Are you upside down on your mortgage? Try this. Sit down and run the numbers. How much will your upside down mortgage cost you over the next 30 years?

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

Let’s say a homeowner bought a house 4 years ago for $600,000. Today, their house is only worth $400,000. In addition interest rates have dropped since then.

And, because they have “Jumbo Loan”, they are paying a higher interest rate than someone who bought a less expensive house.

Let’s run the numbers. The payment on a $600,000, 7% interest rate over 30 year mortgage is $3,991.81. Even worse, that homeowner will repay $1,437,051. That’s a lot of money!

Now, let’s compare this with the guy buying the home next door. He is paying $375,000 for the home because it is a pre-foreclosure sale.

His interest rate is 4.25%, because he is able to lock in today’s low interest rates. The payment on his $400,000, 4.25% interest rate over 30 year mortgage is $1,844.77. But, it gets worse.

The neighbor next door is only going to repay $664,117 over the next 30 years. He is paying less than half of what his neighbor is paying for his house.

It just doesn’t make sense to hold on if you’re struggling to repay a huge upside down mortgage.

You can short sale, wipe out the debt, rent for 3 years, and then buy your next home. The savings are huge! 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 info@BWestRealty.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 951-375-0367

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

Thinking about a loan modification? Our Murrieta-Temecula 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, Kevin McLaughlin.

Kevin is a Real Estate Broker at Berkshire West Realty. Murrieta-Temecula Short Sales Realtor:

Phone: 951-375-0367. info@BWestRealty.com.

Sometimes Moving Forward In Life Begins By Simply Moving

View homes for sale at www.BerkshireWestRealty.com.

Kevin McLaughlin specializes in loan modification assistance and short sales in Murrieta-Temecula California. Murrieta Loan Modification Help, Murrieta Short Sales. Murrieta Short Sale Realtor. Temecula Loan Modification Help, Temecula Short Sales. Temecula Short Sale Realtor. Winchester Loan Modification Help, Winchester Short Sales. Winchester Short Sale Realtor. Menifee Loan Modification Help, Menifee Short Sales. Menifee Short Sale Realtor. Wildomar Loan Modification Help, Wildomar Short Sales. Wildomar Short Sale Realtor. Murrieta CA Short Sales. Murrieta Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Kevin McLaughlin, Berkshire West 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 endorsed 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 paid by your lender for helping you on a short sale.

The views expressed here are Kevin’s personal views and do not reflect the views of Berkshire West Realty.

This information on Why A Murrieta-Temecula Short Sale Is The Best Alternative To Get Out From Under An Upside Down Mortgage is provided as a courtesy to our viewers to help them make informed decisions.

It Is Unlikely Your Lender Will Collect Any More Money From You After A Murrieta-Temecula Short Sale

April 11, 2012
Comments 609

Murrieta-Temecula CA – Many homeowners considering a short sale are concerned about a deficiency. “Will I be forced to repay my bank for the $150,000 they lost”, they ask me.

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

The good news is that most homeowners are able to walk away from their home without paying their lender another dime. A big reason for this is because their lender agrees to that as part of the terms of the short sale.

In addition, many states, such as California, require lenders to erase any deficiency when a homeowner short sells their home.

But, these are only for cases when the homeowner is short selling their house and the lender has included language in the short sale paperwork specifically releasing the borrower from a deficiency.

What about situations where this isn’t happening. As an example, many states allows lenders to collect a deficiency after a foreclosure.

With a judicial foreclosure the lender already has a judgment they can use to garnish wages and levy bank accounts. So does that happen? We haven’t seen any cases of it happening.

We think the reason is because most homeowners simply declare bankruptcy when they are faced with sudden $150,000 bill. The lenders see this happen a few times and decide it isn’t worth the effort.

Taking a look thru court cases at the local courthouse hasn’t turned up any lenders collecting on a deficiency. Remember, there are thousands more foreclosures than deficiency judgments.

The lenders probably view collection on a deficiency as difficult and unlikely to bring much return on the investment. That is why we think they don’t even both with it.

What do you think? Please post your experiences in the comments section below. 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 info@BWestRealty.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 951-375-0367

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

Thinking about a loan modification? Our Murrieta-Temecula 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, Kevin McLaughlin.

Kevin is a Real Estate Broker at Berkshire West Realty. Murrieta-Temecula Short Sales Realtor:

Phone: 951-375-0367. info@BWestRealty.com.

Sometimes Moving Forward In Life Begins By Simply Moving

View homes for sale at www.BerkshireWestRealty.com.

Kevin McLaughlin specializes in loan modification assistance and short sales in Murrieta-Temecula California. Murrieta Loan Modification Help, Murrieta Short Sales. Murrieta Short Sale Realtor. Temecula Loan Modification Help, Temecula Short Sales. Temecula Short Sale Realtor. Winchester Loan Modification Help, Winchester Short Sales. Winchester Short Sale Realtor. Menifee Loan Modification Help, Menifee Short Sales. Menifee Short Sale Realtor. Wildomar Loan Modification Help, Wildomar Short Sales. Wildomar Short Sale Realtor. Murrieta CA Short Sales. Murrieta Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Kevin McLaughlin, Berkshire West 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 endorsed 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 paid by your lender for helping you on a short sale.

The views expressed here are Kevin’s personal views and do not reflect the views of Berkshire West Realty.

This information on It Isn’t Likely Your Lender Will Collect Any More Money From You After A Murrieta-Temecula Short Sale is provided as a courtesy to our viewers to help them make informed decisions.

An Eighth Common Murrieta-Temecula Short Sale Myth: I Can Erase Any Deficiency On My Upside Down Home By Simply Declaring Bankruptcy

April 10, 2012
Comments 692

Murrieta-Temecula CA – A lot of people incorrectly think that bankruptcy is a “Get Out Of Jail Free” card. Yes, bankruptcy does not help a lot of people get back on their feet.

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

However, it is not a “Get Out Of Jail Free” card, despite what many people think. Let me explain why not.

Not everyone qualifies for bankruptcy. The bankruptcy laws were dramatically changed in 2005. Now you have to qualify for bankruptcy.

If you don’t qualify, then the bankruptcy judge will throw your case out. Your creditors will still be able to pursue you. They may be able to levy your bank account, garnish your wages, or take your tax return.

What can you do to avoid this? First, hire a highly qualified short sale realtor. Look for someone with lots of experience who will negotiate hard with the bank.

You want them to convince the bank to release you from the upside down mortgage debt. If they are unable to convince the bank to release you from the debt, then you need to consult with a good bankruptcy attorney.

Just like not all short sale realtors are created equal; not all bankruptcy attorneys are the same either. Find one that is highly experienced. They will explain the intricacies of bankruptcy law to you.

They will know whether or not you can qualify for bankruptcy. They may even know how to get you to qualify when other attorneys would say you aren’t eligible for bankruptcy. 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 info@BWestRealty.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 951-375-0367

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

Thinking about a loan modification? Our Murrieta-Temecula 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, Kevin McLaughlin.

Kevin is a Real Estate Broker at Berkshire West Realty. Murrieta-Temecula Short Sales Realtor:

Phone: 951-375-0367. info@BWestRealty.com.

Sometimes Moving Forward In Life Begins By Simply Moving

View homes for sale at www.BerkshireWestRealty.com.

Kevin McLaughlin specializes in loan modification assistance and short sales in Murrieta-Temecula California. Murrieta Loan Modification Help, Murrieta Short Sales. Murrieta Short Sale Realtor. Temecula Loan Modification Help, Temecula Short Sales. Temecula Short Sale Realtor. Winchester Loan Modification Help, Winchester Short Sales. Winchester Short Sale Realtor. Menifee Loan Modification Help, Menifee Short Sales. Menifee Short Sale Realtor. Wildomar Loan Modification Help, Wildomar Short Sales. Wildomar Short Sale Realtor. Murrieta CA Short Sales. Murrieta Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Kevin McLaughlin, Berkshire West 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 endorsed 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 paid by your lender for helping you on a short sale.

The views expressed here are Kevin’s personal views and do not reflect the views of Berkshire West Realty.

This information on An Eighth Common Murrieta-Temecula Short Sale Myth: I Can Erase Any Deficiency On My Upside Down Home By Simply Declaring Bankruptcy is provided as a courtesy to our viewers to help them make informed decisions.

A Seventh Common Murrieta-Temecula Short Sale Myth: Banks Want The Homes To Be Priced Reasonably

April 5, 2012
Comments 701

Murrieta-Temecula CA – I’m writing a series in response to a number of big misconceptions I saw on a personal finance website online.

We are on our final myth from what I saw in an article about short sales on a popular personal finance website. The writer claimed that in order for your home to qualify for a short sale it must be priced “reasonably.”

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

It is obvious that the writer knows very little about short sales. I can tell you from personal experience that the banks don’t care about whether or not the price is “reasonable.”

They order a version of an appraisal before approving a short sale. If the home is selling for the appraised value, then they will approve the short sale. If it is selling for substantially less, then they won’t approve it.

No bank has ever asked me if the price was “reasonable.” They just want to make sure it is selling for fairly close to the appraised value.

I think the point the article write is trying to make is that the home can’t be priced substantially under the fair market value. Some short sales do sell for less than the fair market value.

In fact, some real estate investors have setup entire businesses dedicated to buying short sales under the market value and then reselling them for profit. I don’t condone or condemn such practices.

I condemn the banks that allow it to happen. The banks are the ones with incompetent systems that allow that to happen. I don’t recommend that you short sell your home to a real estate investor.

The short sale is much more likely to fail if trying to sell to investors. The real estate investor is not trying to help you. They only want to buy your home for as low of a price as possible in order to ensure a big profit. Thinking about a short sale?

Get your Free copy of the Homeowner’s Guide to Real Estate Short Sales by clicking here.

I can help you short sale your property and get back on your feet. Send me an e-mail at info@BWestRealty.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 951-375-0367

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

Thinking about a loan modification? Our Murrieta-Temecula 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, Kevin McLaughlin.

Kevin is a Real Estate Broker at Berkshire West Realty. Murrieta-Temecula Short Sales Realtor:

Phone: 951-375-0367. info@BWestRealty.com.

Sometimes Moving Forward In Life Begins By Simply Moving

View homes for sale at www.BerkshireWestRealty.com.

Kevin McLaughlin specializes in loan modification assistance and short sales in Murrieta-Temecula California. Murrieta Loan Modification Help, Murrieta Short Sales. Murrieta Short Sale Realtor. Temecula Loan Modification Help, Temecula Short Sales. Temecula Short Sale Realtor. Winchester Loan Modification Help, Winchester Short Sales. Winchester Short Sale Realtor. Menifee Loan Modification Help, Menifee Short Sales. Menifee Short Sale Realtor. Wildomar Loan Modification Help, Wildomar Short Sales. Wildomar Short Sale Realtor. Murrieta CA Short Sales. Murrieta Realtor. Murrieta Homes For Sale, Temecula Homes For Sale, Winchester Homes For Sale, Menifee Homes For Sale, Wildomar Homes For Sale. Bank of America short sale, Wells Fargo short sale, Countrywide short sale, Indymac short sale, One West Bank short sale, Chase short sale, Washington Mutual short sale, VA short sale, EMC short sale, GMAC short sale, AHMSI short sale, Aurora short sale, 1st First Federal short sale, Green Tree short sale, Litton short sale, Nationstar, Navy Federal, Ocwen, PNC, Saxon, US Bank, Wachovia, World Savings, Downey Savings, ASC, short sale.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Kevin McLaughlin, Berkshire West 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 endorsed 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 paid by your lender for helping you on a short sale.

The views expressed here are Kevin’s personal views and do not reflect the views of Berkshire West Realty.

This information on A Seventh Common Murrieta-Temecula Short Sale Myth: Banks Want The Homes To Be Priced Reasonably is provided as a courtesy to our viewers to help them make informed decisions.

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