Paul Nelson's (paulenelson) Blog

  After years of trepidation, homebuyers are finally beginning to wade back into the housing market. But, as they do, many are making the surprising choice to hunt alone, rejecting the assistance of what's known in real estate as a buyer's agent. For years, house-hunters have had the option to wo...

Bellevue WA – The Stop Foreclosure Institute recently received a question from another agent. Their seller had a misconception about what to do when selling an upside down home. Here is the question we received: “Do you have a number to contact Fannie Mae? The bank will not allow the seller to no...

Bellevue WA – The Stop Foreclosure Institute recently received a question from another agent. Here was her question. “I have a short sale listed. At what time in the short sale process do you stop accepting additional offers for submittal to the lender? If you accept another offer after you’ve al...

Bellevue WA – The Stop Foreclosure Institute recently talked to a homeowner whose home had been sold on the courthouse steps. We asked if she had considered selling the home as a short sale. “I did, but I heard that short sales are difficult and not worth trying. My friend told me that the banks ...

Bellevue WA – We recently sent everyone in congress a fax about a certain large bank. They had done a lousy job on a short sale file. We waited 90 days for an answer on an offer. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The buyer was impatien...

Bellevue WA – The Stop Foreclosure Institute recently received a question about renting a home in foreclosure. Short Sale Question: “I am own two homes that are in foreclosure. I would like to rent the homes during the foreclosure process. I will continue to pay the homeowner’s association fees. ...

Bellevue WA – The Stop Foreclosure Institute recently received a question from Brandon. Brandon is selling his house and something very interesting happened. Brandon’s Question: “My lender is tring to charge a 1% short sale processing fee to the buyer. Is that legal? The buyer is upset. They have...

Bellevue WA – Another agent recently e-mailed the Stop Foreclosure Insitute. They were having a hard time with a short sale on a Fannie Mae Loan. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here is an excerpt from the agent’s e-mail. “I spoke wi...

Bellevue WA – After yesterday’s blog post, I am sure that some people were wondering why a Second Mortgage or HELOC gets zero from a foreclosure. Let me explain why. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. When a property is foreclosed upon,...

Bellevue WA – This is a common myth that is promoted by people that do not understand lenders or the foreclosure process. However, it’s not true. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Many homeowners have short sold their home and never mi...