Dennis Toomey's (dennis2me) Blog

Follow me
By
Real Estate Agent - RE/MAX Action
RECENT BLOG POSTS
IL – In our last post, we talked about how you could contact the entity that owns a loan. But, some people were wondering how they could find out who owned their loan. "I thought ABC Bank owned my loan. I send them a payment every month", they told us. Well, here is how to research the owner of ...
11/29/2011
IL – If you have negotiated a short sale or loan modification, then you have probably heard the lost paperwork excuse. “Oh, we lose your paperwork. Please refax it to this number”, then lender’s representative tells you. I have heard this excuse countless times. No one can lose paperwork that mu...
11/29/2011
IL – I recently saw an article written by a prominent, so called short sale expert. In the article, this supposed expert says the only rules for short sales are HAFA, but even those rules are subject to interpretation. That is like saying that there are no traffic laws. If that were the case, th...
11/29/2011
IL – Some people think they can go around a homeowner and buy a home directly from the bank. “The seller has to submit our offer to the bank because the bank owns the house”, they tell us. They assume that they can sidestep the seller and buy the house directly from the bank. The truth is that u...
11/29/2011
IL – Many agents think that a short sale lender will not look at a file until the short sale file is perfect. “I need your financial information, last 2 years of tax returns, last 2 pay stubs, last 2 month’s bank statements, and all the other short sale paperwork before I can submit the file”, t...
11/29/2011
IL – The Stop Foreclosure Institute recently received a question from Will. Here was his question. “I am thinking of short selling my house. There are some problems with the house. I know that most home buyers get a home inspected before they buy it. Do I have to tell them about the problems? Or...
11/29/2011
IL – The Stop Foreclosure Institute recently received a question from Amit. Here was his question. “Why does my lender need copies of my last 2 pay stubs? Are they hoping to garnish my paycheck? I am concerned that if I give it to them, then they will use it to garnish my paycheck. They have sai...
11/29/2011
IL – A lot of homeowners want to short sale and walk away from the upside down debt. They don’t feel that it is their fault the housing market crashed. We get the following questions a lot. “If I short sale, then how likely is it that my lender will sue me to repay them?” “Will my lender garnish...
11/29/2011
IL – In our last post, we ranted about how the bankers do a lousy, incompetent job on short sale and loan modification negotiations. Here is how you can avoid suffering under their incompetence. The key is to hold your bank accountable. Here's how to do that. Click here to discover how other sell...
11/27/2011
IL – Occupy Wall Street Protestors are not having the best success attacking Wall Street and the banks. But, that is because they are complaining about what they think is wrong with the situation. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. If ...
11/27/2011
Rainmaker
246,013

Dennis Toomey

Buying or Selling Talk TOoMEy!
Ask me a question
*
*
*
*
Spam prevention