ARCHIVED BLOG POSTS

2012 

Glendale AZ –  Yesterday we discussed a serious problem affecting the short sale industry. Today, we are going to lay out a strategy that the short sale sellers can use to help solve this problem.  Click here to discover how other sellers successfully did a short sale and avoided foreclosure.  Th...
05/26/2012
Glendale AZ –  The Mortgage Forgiveness Debt Relief Act of 2007 allows most people to short sale their home and not owe any income taxes on the forgiven debt. However, there are a few situations where a homeowner may still owe taxes after a short sale.  Click here to discover how other sellers su...
05/23/2012
Glendale AZ –  Many people are concerned about a potential lawsuit after a short sale. Many people ask us, "My lender just lost $150,000. Aren't thing going to be angry that they are losing that much money? Won't they sue me?"  Click here to discover how other sellers successfully did a short sal...
05/16/2012
Glendale AZ –  Many people are concerned about a deficiency after a short sale. They are afraid that their bank may garnish all of their wages. It's scary to think that at any moment your bank could grab every dime you make and leave you broke. Most people short sell their house because of financ...
05/15/2012
This is a great opportunity to get a Fantastic 4 bedroom home in Surprise Farms at a price that is ready to go!! This 4 bedroom 3 bath home in Surprise Farms boasts 3389sq/ft., 4 large bedrooms with walk-in closets, large loft, fresh paint, new carpet, granite counters, new stainless steel applia...
05/11/2012
Glendale AZ –  I recently heard another so-called short sale expert say that the Federal Mortgage Forgiveness Debt Relief Act made it so that everyone gets to short sale with no deficiency.  The unfortunate news is that this is not true. In some state, state law forbids the lenders from attemptin...
05/11/2012
Glendale AZ –  We had a negotiator at Bank of America try to push us around a little while ago. We’ve studied and analyzed all of the short sale guidelines and rules. This was an FHA loan and therefore would be governed by FHA’s Short Sale Guidelines. This means that the lender must follow FHA’s ...
05/10/2012
Glenndale AZ –  Another common type of loan that does not usually have a deficiency is a “Sliced and Diced” loan. A “Sliced and Diced” loan is a loan that has been securitized along with a bundle of other loans. Here is how that happened. John gets a loan from ABC Bank. ABC Bank is running out of...
05/08/2012
Glendale AZ – The next most common type of loan that does not usually have a deficiency is an FHA loan. But, how do you determine whether or not you have an FHA loan?  Click here to discover how other sellers successfully did a short sale and avoided foreclosure.  Here is the best way that I have...
05/07/2012
Glendale AZ – Another common type of loan that does not usually have a deficiency is a VA loan. But, how do you determine whether or not you have an VA loan?  Click here to discover how other sellers successfully did a short sale and avoided foreclosure.  On your original mortgage, 1-4 pages past...
05/07/2012
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Christopher Collins

The Collins Home Team
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