Dennis Toomey's (dennis2me) Blog

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Real Estate Agent - RE/MAX Action

ARCHIVED BLOG POSTS

2012 

IL – Short sales often get multiple offers from different buyers. Which offer should you accept over the others? Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Most people would assume that you would automatically pick the offer with the highest p...
03/14/2012
IL – In many cases, short selling your home and then renting or buying it back is considered mortgage fraud. Because loan modifications are so difficult many homeowners are considering selling their home and then renting it from the new owner. Many homeowners look at this as the best way to get t...
03/14/2012
IL – The Stop Foreclosure Institute recently received a question from Roberta. Here was her question. "A company has talked to me about short selling my home to them and they will then rent it back to me. They will allow me to buy it from them after my credit is repaired a few years down the roa...
03/14/2012
IL – The most likely reason why a bank would accept to issue an extension on a short sale is because the bank prefers to do the short sale over the foreclosure. This is a reason why your agent needs to continue to tell them on why the short sale will be beneficial during the entire process. Clic...
03/14/2012
IL – Under normal circumstances, banks are not required to extend the closing of a short sale. The last thing a buyer would want to hear is that their mortgage lender can't perform especially after waiting for a number of months to buy a home. Click here to discover how other sellers successfull...
03/14/2012
IL – Despite the fact that the Cooperative short sale may help the borrower leave the home without some of the negative aspects of a foreclosure, it has its drawbacks that you may need to consider before you decide to explore this option. Below are some of the drawbacks: Click here to discover h...
03/14/2012
IL – A cooperative short sale may be a good option depending on your situation. But, you need to remember that Banks are not in the business of making life easier for its customers, much less anyone trying a short sale. Click here to discover how other sellers successfully did a short sale and a...
03/14/2012
IL – Bank of America's Cooperative Short Sale makes the entire short sale process easier for everyone involved. The bank has rolled this out because a short sale reduces their losses compared to a foreclosure. A short sale is quicker than a foreclosure and it doesn't tarnish the bank's reputatio...
03/14/2012
IL – Bank of America is rolling out a new short sale program that will provide the quickest route to a short sale decision. The bank came up with this programs to help ensure that homeowners are able to explore all their options and avoid foreclosure. This program, named the Bank of America Coop...
03/14/2012
IL – Homeowners who would prefer to get out from underwater may prefer to do a short sale compared to a loan modification. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. A short sale means the bank will accept a reduced payoff and release the loan...
03/14/2012
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Dennis Toomey

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