Dennis Toomey's (dennis2me) Blog

IL – I've heard of debt collectors contacting people's family and relatives trying to reach them for "an important business matter." Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. When they tell the relative their business name, then it becomes ob...

IL – I've seen lots people use illegal debt collection techniques to collect on unpaid bills or credit cards. For example, there are Federal Laws that regulate what a debt collector can do or say. They aren't allowed to threaten to sue you, but then not follow thru and actually file suit. To get ...

IL – The Stop Foreclosure Institute recently received a question from another realtor named Sandy. Here is her question. “An agent in my office currently has a listing under contract. It is a short sale, the sad thing is that Large National Bank (to remain unnamed) notified the sellers that they...

IL – The Stop Foreclosure Institute recently received a question from James. Here is his question. “Do you have any suggestions on a surprise lien from a Water Softener company? We were able to get Bank of America to approve the short sale without paying the lien. It could take another 60 days fo...

IL – The Stop Foreclosure Institute recently received a question from Steve. Here is his question. “We are doing a short sale with one of the largest nationwide banks. I told them I wouldn’t do the short sale unless they specifically changed their short sale approval letter to completely release ...

IL – A potential home seller asked The Stop Foreclosure Institute how we get paid on a short sale transaction. So I decided to answer that question in today’s blog post. Here is how most Realtors get paid on a short sale. They make a real estate commission from the sale of the property. When the...

IL – The Stop Foreclosure Institute recently received this question from Tamra. Here is Tamra's Question. "I would like to hire you to help me short sale my house. However, I am concerned that if the short sale doesn't go thru, then I will still owe you money. My friend told me to check on that b...

IL – One of the Stop Foreclosure Institute members talked to a homeowner recently about a short sales. Her house was close to being foreclosed upon. She had thought about short selling the house. But, she had heard from her friends that banks don't really like short sales and never pursued the o...

IL – The Stop Foreclosure Institute recently received a question from Christina. Here is her question. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. "I just read your article Frequently Asked Questions about Short Sales. You mention that you can o...