Paul Nelson's (paulenelson) Blog

Bellevue WA – The Star Tribune, a newspaper in Minneapolis, recently ran a story about loan modifications. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Here is an excerpt from the article: “Many people who sought help under a federal program crea...

Bellevue WA – Short Sales can be frustrating. It can take a long time for the lender to process everything and finally give the buyer an answer on their offer. Oftentimes, by the time the lender makes a decision, the first buyer has gotten impatient and moved on to another property. Click here to...

Bellevue WA – Have you heard the following myths about short sales? Myth #1: You can buy short sales for dirt cheap and then turn around and resell them for a profit. Myth #2: Foreclosures, Short Sales, and Bank Owned Homes can be bought for 30 to 50 cents on the dollar with no money down. Click ...

Bellevue WA – The Stop Foreclosure Institute recently received a question from Tracy. Here is Tracy's Question. "I have not been late on any payments but my income will be changing dramatically towards the end of the summer. What is your exact service and what are the fees involved? I do not have...

Bellevue WA – If you are selling your home, then ask the buyer to write a letter about why they want to purchase the home. If you are a buyer, then write that letter. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The listing agent will submit that...

Bellevue WA – This is a continuation of a former article about short sales. We often get asked if a short sale is even worth the effort. “Why don’t I just let the bank have the property”, sellers tell us. “I don’t ever think I’ll be able to fix my credit to be able to buy another house.” Click he...

Bellevue WA – We often get asked if a short sale is even worth the effort. “Why don’t I just let the bank have the property”, sellers tell us. “I don’t ever think I’ll be able to fix my credit to be able to buy another house.” Click here to discover how other sellers successfully did a short sale...

Bellevue WA – We often get asked if a short sale is even worth the effort. “Do I need to have my short sale “Approved” by my lender before I put my home on the market?” one seller asked us. “When I called my lender they wouldn’t talk to me about my short sale. I am concerned that they might do th...

Bellevue WA – The Stop Foreclosure Institute recently received a question from Brent. Here is Brent's Question. "If we are not behind on our mortgage but can't sell our home through a normal sale because we don't have any equity, can we still qualify for a short sale? We would like to sell this p...

Bellevue WA – The Stop Foreclosure Institute recently received a question from Chad. Here is Chad's Question. "I own a condo that I purchased in 2007, pre-construction for $375,000. My mortgage balance is $337,000. Click here to discover how other sellers successfully did a short sale and avoided...