Dennis Toomey's (dennis2me) Blog

IL – The Stop Foreclosure Institute recently received a question from Samir. Here was his question. “I am thinking about short selling my house. I’m just wondering how I can get someone to help me. I know that your website says that a short sale costs me nothing. I just have a hard time understa...

IL – Some experts speculate that banks don’t like to approve short sales or loan modifications. Here is why they think that. They think that lenders are reluctant to speed up short sales or loan mods because they want to hold off the day of reckoning. Let me explain. Click here to discover how o...

IL – We received some interesting and shocking news from another agent. They told us that lenders are are approving short sale and stating that they will allow the seller to walk away owing nothing. However, after the short sale is complete, then they are resuming collection tactics to repay the...

IL – In our blog post a few days ago, we talked about a first and second mortgage that both wanted more money out of the deal. The problem was they were asking for it at the other’s expense. In a sense, we had two monkeys with their hand in the same cookie jar. Neither could get their hand out w...

IL – Is your lender being unreasonable? Are they unwilling to let you short sale and walk away from the debt? Here is what to do. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. First, you can make their failings public. Tell your story to your loc...

IL – Many people are embarrassed that they are short selling their house. They feel like they are somehow being dishonest or shady. Neither one of those is true. A lot of the people short selling today never had a blemish in their credit. They lived perfect, responsible financial lives. Then the ...

IL – Are you looking for a Gainesville Realtor that specializes in short sales. It is important that you pick the right agent. Many agents turn down short sale listings because they are unfamiliar with the process. These transactions are much more difficult and complicated than your average real ...

IL – The Stop Foreclosure Institute recently received a question from another agent named Bonnie. Here was her question. “On my short sale, the first mortgage gave me a price and a net they would allow. The title company put together the closing documents and paid the first more than the minimum...

IL – The Stop Foreclosure Institute recently received a question from another agent named Beckie. Here was her question. I have been waiting on my lender to approvce or deny my short sale for 7 months. We finally received an answer last week in form of a counter offer to the price. The buyer was ...

IL – The Stop Foreclosure Institute recently received a question from another agent named Sylvia. Here was her question. “Here's a question for you. I have a short sale with two offers. The appraisal was close to the sales price and the inspection was good. However, the bank calls me and says, “...