Paul Nelson's (paulenelson) Blog

Bellevue WA – Earlier I gave you two specific examples of big bank’s negligence causing a loan owner to lose money. Here are two more. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Example #3: Not following up on foreclosures properly. I have seen...

Bellevue WA – Here are two specific examples of big bank’s negligence causing a loan owner to lose money. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Example #1: Not giving buyers an answer on a short sale within one week. Home buyers don’t like...

Bellevue WA – This is good news or bad news, depending on how you look at it. Here is the good news. If you are a little guy having financial problems, then you are not alone. Even Billionaires are being foreclosed on. One billionaire real estate developer in Florida had several projects foreclos...

Bellevue WA – In my opinion, loan mods are very tough to negotiate with large lenders like Bank of America, Wells Fargo, JP Morgan Chase, or SunTrust. The reason is because you are treated like a number. In addition, in most cases the lender doesn’t own your loan. Someone else does. So when they ...

Bellevue WA – Bankruptcy is one of the scariest words a lender can hear. A bankruptcy filing can stall their ability to foreclose by 6 months, and sometimes as long as a year. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The lenders know that mos...

Bellevue WA – It always amazes me how some people will do anything to have perfect credit. They would rather go hungry than risk harming their prefect credit rating. A good example is a guy I will call Seth. Seth has perfect credit. He has worked to keep perfect credit for the last 12 years. Clic...

Bellevue WA – The Stop Foreclosure Institute recently received a question from Paul. Here is Paul’s Question. “I am selling my house as a short sale. I am behind on the mortgage payments. Do you think I should still pay my credit cards?” Paul. Click here to discover how other sellers successfully...

Bellevue WA – How do foreclosures, loan modifications or short sales affect a credit score? Your credit score will be affected by late mortgage payments and a short sale. However, there are 2 things that are considered horrible on your credit report. Those 2 are items are foreclosure and bankrupt...

Bellevue WA – The Stop Foreclosure Institute recently received a question from John. Here is John’s Question. “I am trying to buy a short sale. I have been waiting for an answer to my offer for 6 months. The agent tells me we should have an answer any day. But, they’ve been saying that for a long...

Bellevue WA – The Stop Foreclosure recently received a question from Georgia. Here was her question. ” When the bank says the file should be going to an investor soon what does that mean? Georgia.” Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Her...