Comments on: Bad Article & Bad Advice

By: Stop Foreclosure in Tucson

Stop Foreclosure in Tucson — Tue, 16 Jun 2009 22:09:47 +0000

Your post is very well crafted and I have learned so much about Countrywide. I

By: Clasificados Puerto Rico Online

Clasificados Puerto Rico Online — Thu, 04 Jun 2009 18:15:19 +0000

Thats a horrible advice! It surprises me why they would put that in a article probably it was one of their blogs.

By: J Scott

J Scott — Tue, 26 May 2009 04:47:26 +0000

Why would you want to try a Short Sale before a Deed in Lieu? Wouldn’t they have equal negative impact on your credit, but a Deed in Lieu will take a lot less time/effort to complete and you don’t have to worry about a deficiency judgment when you’re through?

Just curious your thoughts on why not try a Deed in Lieu first?

Thanks,

J Scott
http://www.123flip.com

By: Chelle

Chelle — Thu, 14 May 2009 15:27:21 +0000

It’s no wonder so many people are confused when there are so many sites giving out conflicting info. It’s kind of scary sometimes!

By: Joe Loomer

Joe Loomer — Sun, 03 May 2009 12:58:10 +0000

Jeff, I would add that if they have the resources from family or whoever, they should try to sell at slightly below market value. Even coming out of pocket would result in a credit boost versus the worst outcome.

By: Rose@Car Parts

Rose@Car Parts — Mon, 27 Apr 2009 17:52:13 +0000

I’m not near foreclosure yet–but who knows? I’m glad I found a good advice before the problem came. Thank you very much. I’ll surely share this advice to all my friends and relatives.

By: Short Sale Center

Short Sale Center — Mon, 06 Apr 2009 20:25:17 +0000

With banks just wanting to just stop the bleeding and get some of those toxic assets off the books many right now are very willing to do loan modifications but you need to know how to approach them the right way.

By: Hawaii real estate

Hawaii real estate — Thu, 26 Mar 2009 18:49:39 +0000

That is weird that somebody would tell people to take a deed in Lieu. Also kind of funny that your typo above says “Died”. Actually that would be even worse!

But the problem is that short sales, especially in Hawaii, take for eternity. We should call them really LONG sales. I’ve had clients in short sales for over 6 months without ever getting an approval from the lender. I hope the Utah tax credit helps your sales, there is nothing like that available here in hawaii.

By: gibbsrealestateteam

gibbsrealestateteam — Thu, 26 Mar 2009 15:54:00 +0000

I agree that a deed in lieu of foreclosure is a last resort. We used to council our clients to go the loan modification first. Recently in our office, due to some local court cases, we can only suggest that our clients speak to an attorney. Kind of takes the tools out of our hands.