http://shortsalesteps.com/short-sale-vs-loan-modification-what-are-my-options Short Sale, Loan Modification & Foreclosure Specialist Wed, 05 Oct 2011 03:47:57 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://shortsalesteps.com/short-sale-vs-loan-modification-what-are-my-options/comment-page-1#comment-88 Everett Southmayd Sat, 04 Sep 2010 23:57:26 +0000 http://shortsalesteps.com/?p=28#comment-88 What they do want is to continue to use – or float - premium money to make more money for the company. The more free premium money a company has to "float", the more investment income it can produce. The greater the insurance claims savings, the greater the "float". Eventually some of the premiums must be used to make claim payments and operating expenses. But the longer the insurance company can hold onto your money, the more money it can make for itself. What they do want is to continue to use – or float – premium money to make more money for the company. The more free premium money a company has to “float”, the more investment income it can produce. The greater the insurance claims savings, the greater the “float”. Eventually some of the premiums must be used to make claim payments and operating expenses. But the longer the insurance company can hold onto your money, the more money it can make for itself.

]]> http://shortsalesteps.com/short-sale-vs-loan-modification-what-are-my-options/comment-page-1#comment-6 admin Tue, 10 Mar 2009 02:30:35 +0000 http://shortsalesteps.com/?p=28#comment-6 I am going through a very similar situation as yours. I had a rental property and my tenants bailed on me without any notice, and with over $5,000 in repairs needed. I needed to sell my property quick, however am in an area saturated with foreclosures and short sales. I obtained a great realtor, who specializes in the short sale market, and am still in the process of doing the short sale. Luckily she has been on top of the bank and it sounds like we might be getting close to getting our offer accepted. I have had a buyer who has stuck through this process for the past 4 months. We did have to request that we deal with another loss mitigator, being the previous one was very unresponsive. I should be hearing a response on if the short sale will be accepted within the next week. Just be sure to obtain a realtor who specializes in the short sale market and one who will follow up on a constant basis with the lender. Good Luck! I am going through a very similar situation as yours. I had a rental property and my tenants bailed on me without any notice, and with over $5,000 in repairs needed. I needed to sell my property quick, however am in an area saturated with foreclosures and short sales. I obtained a great realtor, who specializes in the short sale market, and am still in the process of doing the short sale. Luckily she has been on top of the bank and it sounds like we might be getting close to getting our offer accepted. I have had a buyer who has stuck through this process for the past 4 months. We did have to request that we deal with another loss mitigator, being the previous one was very unresponsive. I should be hearing a response on if the short sale will be accepted within the next week. Just be sure to obtain a realtor who specializes in the short sale market and one who will follow up on a constant basis with the lender. Good Luck!

]]> http://shortsalesteps.com/short-sale-vs-loan-modification-what-are-my-options/comment-page-1#comment-3 Susan Sat, 28 Feb 2009 16:54:03 +0000 http://shortsalesteps.com/?p=28#comment-3 I need to unload a rental property that I no longer have income to put into nor can continue to make the mortgage payments. We tried selling it for a year without even one person calling for a showing. We dropped the price during that year by 15% but still no interest. It's a good property but too many foreclosures and short sales out their for us to compete with at the time. We are now ready to compete and offer it up on a short sale...if it won't sell or the lender won't agree then it is going into foreclosure. Thank you I need to unload a rental property that I no longer have income to put into nor can continue to make the mortgage payments. We tried selling it for a year without even one person calling for a showing. We dropped the price during that year by 15% but still no interest. It’s a good property but too many foreclosures and short sales out their for us to compete with at the time. We are now ready to compete and offer it up on a short sale…if it won’t sell or the lender won’t agree then it is going into foreclosure. Thank you

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