What are the New Changes to the Bank of America Short Sale Program?

Hello, I am Matt Fetick with SoldByShortSale.com, Philadelphia’s leading short sale specialists. About weeks ago Bank of America rolled out an entire new short sale program. Their aim was to streamline the process and make it easier. Some of it has turned out to be easier for people who owe more money on their house than it is at the moment worth and so they at present have a mortgage with Bank of America and they need to get it sold. I believe their intent was pretty good, however let me tell you somewhat concerning the details.

The very first thing we discovered in the rollout of this new program is they are only going to participate with licensed real estate agents who are licensed to practice in the state wherein the home is situated or they’re attorneys in the same state. That is necessary because sadly there are a variety of nationwide firms on the market who are swooping in and trying to take advantage on this marketplace for people who are underwater in their houses, need to get their homes sold, they owe greater than what it is worth and yet they are preying on them and offering all these several types of services. They’re over charging with charges that shouldn’t be charged and they’re taking advantage of folks that do not know any better.

So Bank of America has decided that they don’t seem to be going to allow this with their files by saying you should be a licensed real estate agent within the state or an attorney. We think that is nice and we additionally do not want to see people who find themselves not licensed real estate agents turning into negotiators on short sales. We imagine there’s a talent and talent required and those that are most conversant in the home, the licensed real estate agent, are actually the most certified particular person to get the short sale negotiated and approved.

Once more, I am Matt Fetick with SoldbyShortSale.com, Philadelphia’s main short sale specialists and we’re here to help. If you would like to know more about Bank of America short sales and their new guidelines, please give me a call. Our short sale supervisor Kevin or I can be completely happy to inform you all the brand new info they require. When you have a house and are underwater on your mortgage and you should get it sold for whatever purpose, and your mortgage is with Bank of America, give us a call today. We are updated, we’re current and we all know precisely what’s going on with all of their new rules. Visit our web site at SoldByShortSale.com, and we’d be glad to talk with you about your current scenario and work out how we can help. Thanks a lot and I look forward to talking to you soon.

For more information on short sales and how to avoid foreclosure, visit the Sold By Short Sale blog or you can also contact the Matt Fetick team and get started today.

Options To Avoid Foreclosure

Hello I am Matt Fetick with SoldByShortSale.com, Philadelphia’s leading short sale expert. I would like to welcome you to our website; this is kind of our place where we share information all about short sales with individuals that live in Philadelphia. In general, we share a lot of information with individuals that owe more on their property than what it is worth and the different alternatives that are available to them. A lot of homeowners have found themselves in a challenging situation today because home prices have decreased. If you are in a situation where you did 100% financing or took out a home equity line of credit, you may now be in a position where you owe more on your home than what it is worth and you need to get it sold. Some of the reasons as to why you need to sell your house are because of divorce, job loss, under-employment or you can no longer afford your home, illness or mortgage resets. If you’re in any one of these situations, a short sale can be very helpful.

The way a short sale works is we sell your property as if it’s a traditional sale; we market and advertise it as if it’s a typical real estate transaction. Once we receive an offer on your house we work with your lender to accept less money than what they are owed. We create a financial snapshot and explain to your bank what your situation is and why you have to short sale your property. We get some documentation from you such as current paystubs and lien holder statements, send it in to your lender and explain to them why allowing you to short sale your house is good for them and good for you. We deal with them through the process and request that they accept the short sale payoff as payment in full.

What I just described makes it sound very easy, but that is not really the case. It’s typically easy for the homeowner, but it is a lot of work for the short sale realtor. One other thing to note is that you do not pay for our services. We charge a real estate commission and ask the bank to pay that as part of the short sale process. There are other alternatives to foreclosure besides short sales such as deed in lieu of foreclosure, bankruptcy, loss mitigation options.

No matter what, the best thing to do if you need to get out from under your property is to contact us so we can better explain your options to you. Don’t think that your financial issues are going to stop. Get in touch with us and we can meet with you one-on-one in a confidential consultation. Thanks for visiting me at SoldByShortSale.com.

For more information on short sales and how to avoid foreclosure, visit the Sold By Short Sale blog or you can also contact the Matt Fetick team and get started today.

Why I Believe A Short Sale Is The Best Option In support of All Parties Concerned

Hello everyone my name is Matt Fetick with Sold By Short Sale, Philadelphia’s leading short sale specialist, thanks for your time today. I work with Keller Williams Realty within the Philadelphia area and use my weblog to share priceless information with distressed property house owners in my group in the hopes of avoiding foreclosure. When you can no longer afford your mortgage, or are already considering a short sale, please give me a call today to discuss your options.

In the present day for my weblog I wanted to discuss one of many questions I usually get asked when meeting with a homeowner for the first time. Most Philadelphia homeowners who walk in to my office want to know why they should complete a short sale or why their lender would allow this to happen. In my opinion a short sale is probably your best choice for avoiding foreclosure and here is why. For your lender it’s the most suitable choice because on average they may receive more proceeds back than they’d if the home entered foreclosure. Simply put your Philadelphia lender does not want to be a house owner which is why they’ll permit a short sale to occur. A short sale can also be nice for the community because it ensures a new tenant can be there to care for the house instead of sitting empty through the foreclosure process. And eventually I believe short sales are an enormous benefit for homeowners. A short sale allows the homeowner to take control of the selling process and will also leave your credit in a significantly better standing.

There are a number of incentives to completing a short sale and if you would like to hear more about them give me a call at this time to arrange a free consultation. Thanks for your time and I hope to hear from you soon at Sold By Short Sale in Philadelphia.

For more information on short sales and how to avoid foreclosure, visit the Sold By Short Sale blog or you can also contact the Matt Fetick team and get started today.

Is Staging Your House An Important Duty of The Short Sale Process

Hello everybody my name is Matt Fetick with SoldNotListed.com, Philadelphia’s leading short sale staff, thanks for joining me today. I work with Keller Williams Realty within the Philadelphia area and use my weblog to supply distressed property owners valuable information on their choices for avoiding foreclosure. Here at the Matt Fetick Real Estate Team we want to create a novel plan for every client as a way to sell their house fast. If your mortgage is underwater and you might be not sure of what to do give me a call or e-mail me immediately to discuss your options.

For my blog right this moment I wanted to discuss the importance of staging your property for potential buyers while it’s on the market. So as to get one of the best price for your property it is important to treat your property like an asset. Staging your home to appeal to potential buyers is very important and removing the personal affects you own may help out a lot. Many Philadelphia householders tell me this is a very hard thing to do and while I certainly understand additionally it is an necessary step in selling your home. If your home is customized to what you want it may be tough for a potential buyer to see them self dwelling in that house. While we nonetheless want the home to be warm and cozy with household pictures and such it is going to really help to reduce the clutter round your house.

At the Matt Fetick Real Estate Team we are going to aid you stage your own home as a way to discover the best possible price. Please give me a call or stop by my website to learn more about your real estate options within the Philadelphia area. Thanks for your time at the moment and I hope to hear from you soon.

For more information on short sales and how to avoid foreclosure, visit the Sold By Short Sale blog or you can also contact the Matt Fetick team and get started today.

Why Curb Appeal Is Vital In The Success Of Your Short Sale

Hello, this is Matt Fetick with Keller William’s Real Estate in Philadelphia and The Matt Fetick Real Estate Team. We’re one of the leading short sale companies in the Philadelphia area, so I encourage you to get in touch with us if you are experiencing financial hardship and need to get out of your property. We can give you the tools and resources to successfully short sell your property.

Today I wanted to provide you with another tip about our sold, not listed, experience. That’s what our team brings to the table when we are hired by our sellers. We get the homes sold, not just listed. If you would like to get your short sale done, let me offer you some advice. I can not stress enough how imperative the first 30 seconds is when a buyer comes up to your property. You only have one chance to make a great first impression and that has to happen at the curb. It is essential that they feel welcome and invited.

As we head into the spring market, you’ve got to get your yard cleaned up and make certain the exterior of your property is clean. Whatever you do improve the curb appeal of your property, the buyer’s first impression is going to set the tone for the rest of their tour of your house. When a buyer walks in the door, you’ve only got a few minutes to reel them in, so let’s reel them in from the curb. That is our tip for the day, and it’s all about the importance of curb appeal.

If you would like to know more about our sold not listed experience that we have to offer as well as more suggestions on ways to prepare your home for a short sale, please visit our website. We anticipate talking with you, sharing our expertise and experiences with you and educating you on the short sale process in the Philadelphia area.

For more information on short sales and how to avoid foreclosure, visit the Sold By Short Sale blog or you can also contact the Matt Fetick team and get started today.

What’s a Purpose to Complete or Go Through with a Short Sale? Who Does it Assist in the Long Run|the Long Term?

Hello, I’m Matt Fetick with SoldByShortSale.com, your Philadelphia short sale specialists. If you happen to visit my web site, SoldByShortSale.com usually, you realize that I wish to share as much information as I can in regards to the short sale process. The one thing that I do not usually speak about is why I do short sales. Why did I choose to get into this line of business and why do I believe it is important? Here’s what I want to inform you; I really believe that when persons are upside down on their house, they owe extra money than what it is worth and they need to sell, that a short sale is by far one of the best solutions and choices out there.

There are different choices, however that is in all probability one of many best. I actually believe in my heart that once we do a short sale that we’re doing one of the best for 3 completely different people. We believe that that it is good for the home-owner to do a short sale. Instead of just strolling away, it lets you take management and have possession of the situation. For whatever cause that you’ve gone behind on your mortgage, it means that you can work out an answer that you and the bank can agree with. Additionally I think it’s good for you as a result of I feel there is a clear decision in regards to the unpaid balance in your mortgage. Once you go to foreclosure, there is no clear decision in regards to the unpaid balance. The threat of the mortgage firm coming after you after the foreclosure and searching for that unpaid balance is no longer lingering out there.

Number , I imagine short sales are good for the lender. Lenders will let you know they do not need to foreclose. They don’t seem to be in the enterprise to own real estate. When a short sale is done, it could possibly save the lenders money.

Lastly, I really feel that short sales are good for our community. They help us shield values. If a home-owner walks away from their house and leaves it vacant, the foreclosure process could take from one to 2 years. During that point, no one is sustaining the home and by the point the house really goes available on the market, the value of the house has in all probability dropped.

Once more, I am Matt Fetick with SoldByShortSale.com, your Philadelphia short sale specialist and I’m here to help. My team and I are passionate and dedicated to doing short sales at a high stage that is profitable and it’s a real win, win for everyone involved. If you want more information about short sales and how a short sale may be right for you, please give me a call. Let us share with you the reality about short sales and why it might benefit you. Thanks and I look forward to talking with you soon.

For more information on short sales and how to avoid foreclosure, visit the Sold By Short Sale blog or you can also contact the Matt Fetick team and get started today.

Quicker Short Sales May be On Your Horizon For Arizona Home owners Who Call Group 4610

Hello everybody my name is Kevin Kaufmann and I’m the co-founder of the nations leading short sale team, Group 4610. My business partner Fred Weaver and I help Philadelphia homeowners avoid foreclosure daily and use our blog to supply worthwhile information on the Philadelphia real estate market. In case you are behind on your mortgage, or if a short sale just makes business sense, feel free to browse my website or call me today to learn what your choices are for avoiding foreclosure in Philadelphia.

For my weblog at this time I wanted to share some information that may interest those of you who are underwater on your Bank of America mortgage. Far too often Philadelphia homeowners hear the horror stories of finishing a short sale but I am here immediately to let you know that does not have to be the case. Just lately Bank of America announced they’re working to trim all of their short sales to a twenty day process. While I’ve not seen this consistently, here at Group 4610 we get your short sale file processed in ten to fourteen days. As soon as that is complete we are able to negotiate on your behalf and at that point all of it depends on how fast your lender operates. In case you are like many Philadelphia homeowners and have a mortgage through Bank of America or Wells Fargo you’ll be able to expect to see a much quicker turn around in comparison with another lenders. On average your short sale might be approved and finalized in roughly thirty days depending on your bank. As with all Philadelphia real estate transaction, closing can take three to four weeks bringing your complete process to three or four months.

Right here at Group 4610 we work quick to help you save money and get out from under your distressed property as quickly as possible. As more lenders in Philadelphia take on short sales, like Bank of America, we are going to continue to see quicker short sale approvals. If you’re not sure what to do with your distressed property give me a call as we speak to discuss all of your options. Thanks for your time and I hope you have got a great day.

For more information on short sales and how to avoid foreclosure, visit the Group 46:10 blog or you can also contact the Group 46:10 team and get started today.