Dennis Toomey's (dennis2me) Blog

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Real Estate Agent - RE/MAX Action

ARCHIVED BLOG POSTS

2011 

IL – The agent you hire to short sale your house should know how to “influence the BPO.” Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The BPO is another agent’s opinion of the value of your home. The bank will willingly sell your home on a short...
11/30/2011
IL – It is very helpful in loan modification negotiations to know the fair market value of your home. You can use the value to convince your lender to accept your loan modification offer. As an experienced Short Sale Realtor, I can help you determine the value of your home. Here’s how I do that....
11/30/2011
IL – If you are looking to convince your lender to approve your loan modification, then here is a tool you might find useful. Here is a sample calculator you can use to convince your lender to approve your loan modification. Click here to discover how other sellers successfully did a short sale ...
11/30/2011
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 ...
11/30/2011
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...
11/30/2011
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...
11/30/2011
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...
11/30/2011
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...
11/30/2011
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...
11/30/2011
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...
11/30/2011
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Dennis Toomey

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