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How Do I Stop The Foreclosure Process During A Knoxville Short Sale?

Recently in our "Ask The Expert" area we had the following question from Trudi..
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Here was Trudi’s Question. “I am in the middle of the 3rd offer on a short sale. I was just recently received foreclosure papers. Is there a way to stop the foreclosure process and get the house sold? If they just would work with me! Trudi” Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Read the rest of this entry »

Knoxville Short Sale Are My Retirement Account Safe

In our Ask The Expert Section we recently had this question asked...
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"We live in Knoxville. My husband has lost his job and we are 2 months behind on our mortgage payments. We are not yet in foreclosure and hope to do a short sale. We want to know if our retirement accounts are safe from the lenders and creditors in a short sale? What about in a foreclosure?" Don asks Read the rest of this entry »

Knoxville Short Sales Step 2 In Fixing The Problem

Knoxville Short Sale HelpKnoxville TN – In our last post, we agreed that the first step in fixing the flawed short sale process is to acknowledge what the problem is. We agreed that the problem is that the lenders and investors are losing billions on defaulted loans. In addition, American Homeowners are losing billions on declining home values caused by a housing market decline caused by foreclosures. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The next step is measuring the damage and finding ways to fix it. Here is how we suggest that by done. To analyze the problem properly, someone will need to study the results. Lenders need to start tracking the results of their actions. The projected outcome from each of the outcomes should be recorded. Each defaulted loan will have several stats. Read the rest of this entry »

Knoxville Short Sale Process Is Flawed Agents Claim How Do We Fix It?

Knoxville TN – Many agents have been complaining that the Knoxville short sale process is flawed. A recent survey of realtors showed that over half of them thought the short sale process was difficult.Knoxville Short Sale Help Some of the agents complained that they are “struggling with a broken short sale process.” But, why is the short sale process flawed? Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Because no one is checking the results. There is no stated goal for the process. Have you ever heard of the first step in overcoming alcoholism? In Alcoholics Anonymous, the first thing a new member does is admit they are an alcoholic. The new member stands up and says, “Hi, I’m Tom and I am an alcoholic.” Read the rest of this entry »

Knoxville Short Sale Success Story

12530HighForestWe were just involved in another successful Knoxville Short Sale at 12530 High Forest. Our seller had contacted us after having their home on the market with another agent who didn't have any experience at short sales. Our seller had lost their job and was having trouble because of the drop in income to maintain their mortgage payments. After meeting with them they decided the best thing for them was to do a short sale. Read the rest of this entry »

Knoxville Short Sales: Why Do Some Offers Get Rejected?

We recently got this question to  Ask The Expert "I am looking to buy a short sale in Knoxville. The seller wouldn’t accept my offer. My agent told me it was
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because the short sale lender has told them they wouldn’t accept the offer. I am a cash buyer and can’t understand why they wouldn’t take my offer. Why do some buyer’s offers get accepted while others are declined? Jonathan.” Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Read the rest of this entry »

Why Do Knoxville Short Sales Fail?

Knoxville Home Saver Ask The ExpertWe recently got this question in our Ask The Expert section of our site. Here was his question. "I’ve heard that there is a 70% failure rate on short sales. Is that true? If so, then why do so many short sales fail? James” Read the rest of this entry »

Knoxville Short Sale Wipes Out $101,00 In Upside Down Debt

Knoxville TN – Here is a case study of a homeowner that wiped out $101,279 in upside down debt. They built a Knoxville Short Salesbrand new home at the peak of the market. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. They were forced to sell for job relocation a few years later. They found themselves upside down, despite that fact that they had put over $50,000 down when they built their home. Read the rest of this entry »

Knoxville Loan Modification strategy to use when negotiating a Loan Modification

Knoxville Loan ModificationKnoxville TN - Lenders hate losing money. They hate loan modifications, principal reductions, and any other thing that causes them to lose money. But, in today's tough economy they have no choice but to accept them. The primary reason a lender will grant a loan modification is because that usually reduces their losses. Get my Free, Step By Step Loan Modification Guide by clicking here. If they foreclosed on the house instead, then the losses would be larger. Besides most foreclosures take 18-24 months and often longer. Read the rest of this entry »

Knoxville Short Sale Are They Adversarial?

Knoxville TN –Short Sales many people mistakenly think that a is adversarial experience. "I will fight that banker and convince them to let me short sale and walk away from the upside down debt", they think to themselves.Knoxville Short Sale Deal Closes That is not how short sales actually work. Most negotiations are not adversarial. In fact, most short sale negotiators are just normal people. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. They go to work each day and go thru their files. There is a lot of paperwork and reports that have to be filed. Most of them don't get out of bed looking forward to a tough negotiation. Read the rest of this entry »

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