Find it here:
http://www.amazon.com/gp/bestsellers/digital-text/157002011/ref=pd_ts_pg_2?ie=UTF8&pg=2
OR, because you’re a loyal reader, you will know you can go to my other site:
And download it for FREE.
Have a great day!
Okay…life is TOUGH to many of us these days…I’m NOT pushing anyone on anybody, but Joel is my favorite. FORGET about “religion”…focus on his MESSAGES…then try one sometime….
After watching this short video, you can download, FREE, the ENTIRE eBook an/or audio at my other site: HowToBuyABankHome.com
Okay…life is TOUGH to many of us these days…I’m NOT pushing anyone on anybody, but Joel is my favorite. FORGET about “religion”…focus on his MESSAGES…then try one sometime….
As I pointed out over a year ago, (See August 26, 2010 video post) and now reinforced by CNN, this is the story we’ve to deal with…meaning, the short sale is truly here to stay as lenders bound by bailout funds are also bound by HAFA guidelines…
***
In another ominous sign for the economy, the number of people falling behind on their mortgages for the first time is on the rise.
This grim statistic is only the latest bad news for the reeling economy. Home sales are in free fall, initial jobless claims remain high and the gross domestic product slowed to a near halt in the second quarter, government reports issued this week showed.
The increase in short-term delinquencies is leaving some experts wondering whether a new round of foreclosures is on the horizon, even as the current wave begins to ebb.
Some 3.51% of borrowers were 30 days late in their loan payments in the second quarter, up from 3.31% at the end of last year, according to new data from the Mortgage Bankers Association. The shift is a stark reversal from the steady decline in short-term delinquencies during 2009.
The blame lies in the sputtering labor market, experts say. More people are losing their jobs, as evidenced in the steady rise in initial unemployment claims, and this is prompting them to default on their mortgages.
“You can’t expect a recovery in the housing market in the absence of a recovery in the jobs market,” said Jay Brinkmann, the association’s chief economist. “It takes a paycheck to make a mortgage payment.”
That recovery is not expected anytime soon. Economists are predicting the U.S. economy will shed 120,000 jobs in August, according to Briefing.com. Few are willing to bet that the private sector will ramp up hiring in coming months.
Short-term delinquencies, meanwhile, will likely continue rising, said Anthony Sanders, a real estate finance professor at George Mason University. And they will turn into a new wave of foreclosures unless the borrowers can land a job.
“This is all negative news for the housing market,” he said.
OK…I posted this over a year ago right after I saw it…and it bears posting again for those of you, your friends, families and associates who havent a clue where this whole thing is going…but WANT to have one…
Been awhile…trying to make a few bucks AND take some vacations…
Homeowners struggling to pay their mortgages are letting homeowners associations fees slide, and now HOAs are fighting back and foreclosing. Tom Skiba, of the Community Associations Institute; Bill Davis, an attorney; and CNBC’s Diana Olick discusses this trend.
Click the link below and you will be able to SEE WITH YOUR OWN EYES what is transpiring with the new HAFA guidelines and how you can avoid a foreclosure AND a future DEFICIENCY JUDGMENT.
Call our toll free 24 hour recorded short sale hotline to learn how to also apply for your $3,000 for relocating after closing your short sale.
866.876.3905, Ext. 200
HAFA__Short_Sale_Letter_from_Bank_of_America
“What wording should my satisfaction of mortgage contain so I will not be liable for a deficiency judgment?”
Understand this: A mortgage is merely evidence of a loan being in place and is not the actual loan itself.
A “mortgage” used as a single term is actually made up of two parts:
1. A promissory note, aka, “a promise to pay back the borrowed money.”
2. A mortgage (document) that secures that note (debt) against that asset or real property.
Legally these cannot be grouped together simply because one wants to. A payment is based on a promissory note.
Once the proper release has been signed by an officer of the lender or servicer and recorded, regardless of what your short sale approval documents disclose, you cannot be pursued for a deficiency judgment. You cannot collect on something that has been ”paid in full”. Get it?
What is the number ONE “secret to not having a deficiency judgment filed against you now, or in the future? “GET THE SALE DONE!”
Why? Because, a deficiency judgment can ONLY be placed by a judge!
To learn more about how to protect yourself when selling your home in today’s “short sale” environment, you MUST grab a free copy of my new eBook, “Should I Short Sale My Home?” by calling
866.876.3905, Ext. 200
In conclusion, please understand – I am not an attorney nor am I giving legal advice. You are always advised to consult a competent real estate attorney to inquire of your legal rights.