Stop Foreclosure Institute of Florida Assisting Homeowners in Distress

Florida Loan Mod Help: An update on how to stop harassing debt collector phone calls

September 19, 2011
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Florida – We have a new strategy in the fight to avoid being harassed day and night by debt collectors. Even though there are laws that help protect you, in my opinion, the debt collectors rarely follow them.

(Foreclosure is embarrassing and I don’t want to put his name out there.) Dave asked, “I haven’t made a house payment in a while. I’m just wondering how much longer it will be before I have to move out?”

Get my Free, Step By Step Loan Modification Guide by clicking here.

Did you know that if you request a debt collector stop calling you, then they must comply and leave you alone. That is the law.

However, it rarely happens. We have people tell us all the time, “I told them to stop harassing me. But, they just keep on calling anyways.”

Sure you can take them to court. But, who has the time for that? Little did we know that if you sue them once, then you’ll never be harassed again. Here is how we found this out.

We know someone in the private investigator field. He has access to the same databases that most debt collectors us.

He told us that there were some recent changes to the debt collection databases. One of the databases they use to hunt down debtors now flags people who have filed a lawsuit.

So, if you want to be left alone, don’t meekly ask the debt collectors to stop calling you. Instead, get some cash and get rid of them all at once.

To file a suite, go online and Google “Stop Debt Collector Calls Attorney.” The attorneys will review your case for free.

From what we know, they will even file the lawsuit for free and they get paid only from what they collect.

In my opinion, the debt collection industry runs rampant over the Federal Laws that were put in place to protect the consumer.

It’s time we put a stop to the unprofessionalism and harassment. According to the private investigator, once you file a lawsuit, debt collectors will avoid you like the plague.

Thinking about a loan modification? Our Florida loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at brady@floridaishome.com to request a Free Copy.

Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at brady@floridaishome.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (407) 374-3123

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thanks for reading this, Brady Pevehouse.

Brady is a Real Estate Agent at Perrone Realty and is a full time Orlando Short Sales Realtor:
Phone: (407) 374-3123.
brady@floridaishome.com.

View My homes for sale on my Orlando Real Estate Blog.

Brady Pevehouse specializes in loan modification assistance and short sales in Florida. Florida Loan Modification Help, Florida Short Sales. Florida Short Sale Realtor. Florida Short Sales. Florida Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice
Brady Pevehouse, Perrone Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Brady’s personal views and do not reflect the views of Perrone Realty.

This information on Florida Loan Mod Help: An update on how to stop harassing debt collector phone calls is provided as a courtesy to our viewers to help them make informed decisions.

Florida Loan Mod Help: My house is in foreclosure. When will I have to move out?

September 9, 2011
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Florida – The Stop Foreclosure Institute recently received a question from a homeowner facing foreclosure. I’ll call him Dave to protect his identity.

(Foreclosure is embarrassing and I don’t want to put his name out there.) Dave asked, “I haven’t made a house payment in a while. I’m just wondering how much longer it will be before I have to move out?”

Get my Free, Step By Step Loan Modification Guide by clicking here.

Most people in foreclosure are at a disadvantage because they how the process works. Here is the answer to his question.

It all depends what on the state he is located in and whether or not his lender has started the foreclosure process. So the first thing you should do is find out if the foreclosure has been started.

You can do that by calling the courthouse in your county or town. For example, if you live in Orange County, then you would call the Orange County Courthouse. They will direct you to the correct person.

Once you find the correct people, ask them for the foreclosure department. Then, ask the clerk there how you can research if a foreclosure has been filed against you.

They will either direct you to a website, or look up the information on their computer. Here is why it is important to find out if the foreclosure has been started.

We have seen many lenders wait 8 months, 12 months, and sometimes even longer, to start the legal foreclosure process. Many of them are backed up and don’t have the staff in place to handle everything.

Once the foreclosure has been started you will want to see how far along it is. Every state handles foreclosure process differently. In addition, they all have different time periods for redemption.

Because of that, I would recommend you contact a competent Stop Foreclosure Institute Specialist in your area. They can answer that question or at least point you in the right direction.

Thinking about a loan modification?Our Florida loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at brady@floridaishome.com to request a Free Copy.

Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at brady@floridaishome.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (407) 374-3123

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Brady is a Real Estate Agent at Perrone Realty. Florida Short Sales Realtor:
Phone: (407) 374-3123.
brady@floridaishome.com.

View My homes for sale at Orlando real estate blog.

Brady Pevehouse specializes in loan modification assistance and short sales in Florida. Florida Loan Modification Help, Florida Short Sales. Florida Short Sale Realtor. Florida Short Sales. Florida Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice
Brady Pevehouse, Perrone Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Brady’s personal views and do not reflect the views of Perrone Realty.

This information on Florida Loan Mod Help: My house is in foreclosure. When will I have to move out? is provided as a courtesy to our viewers to help them make informed decisions.

FloridaLoan Mod Help: Why it is cheaper to short sale and rent versus getting a loan modification

September 2, 2011
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Florida – Many people are shocked that it is often cheaper to short sale and rent that staying in your home with a loan modification.

They find it hard to believe that they can rent a comparable or even nicer home for less than their mortgage. Here are the two factors that make it possible.

Get my Free, Step By Step Loan Modification Guide by clicking here.

Many homeowners bought homes for more than they are selling for today. A perfect example is a homeowner that paid $150,000 for a home. His mortgage payment was around $1,500 a month.

He stopped paying his payments and moved to a rental. He found a nicer, larger home to rent for $850 a month. He had tried for months to convince his lender to modify his loan.

They wouldn’t drop the payments below $1,200 a month. Even though the home he is renting is nicer than his house, it is selling today for around $105,000.

Someone can buy that house for $105,000 and rent it for $850 a month without losing money. That is what makes it cheaper to rent versus getting a loan modification and staying in your home.

When prices were rising it was actually more expensive to own versus rent. But, everyone wanted to own because their house was supposed to go up in value.

House prices and rental prices have dropped since then. Yes, rents are not at an all time high! The dropped during the economic crisis and have come back up since then.

So, if you are thinking about a loan modification, then first check into the rental market. You will be able to negotiate your loan modification from a position of power.

That will make it more likely that you will get the reduced payment you need so you can keep your home.

Thinking about a loan modification?Our Florida loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at brady@floridaishome.com to request a Free Copy.

Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at brady@floridaishome.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (407) 374-3123

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thanks for reading this, Brady Pevehouse.

Brady is a Real Estate Agent at Brady Pevehouse. Florida Short Sales Realtor:
Phone: (407) 374-3123.
brady@floridaishome.com.

View My homes for sale at Orlando Homes For Sale.

Brady Pevehouse specializes in loan modification assistance and short sales in Florida. Florida Loan Modification Help, Florida Short Sales. Florida Short Sale Realtor. Florida Short Sales. Florida Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice
Brady Pevehouse, Perrone Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Brady’s personal views and do not reflect the views of Perrone Realty.

This information on FloridaLoan Mod Help: Why it is cheaper to short sale and rent versus getting a loan modification is provided as a courtesy to our viewers to help them make informed decisions.

Florida Loan Mod Help: Why Lenders Back Off When Threatened With Bankruptcy

August 26, 2011
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 Florida – Bankruptcy is one of the scariest words a lender can hear. A bankruptcy filing can stall their ability to foreclose by 6 months, and sometimes as long as a year or more.

Get my Free, Step By Step Loan Modification Guide by clicking here.

The lenders know that most bankruptcies will cause them to lose the ability to pursue you for any losses. This means they can’t go after you for any upside down debt.

The only thing a lender gets in a Chapter 7 Bankruptcy is any collateral they have on a loan. So they can foreclose on your house, but that is about the only thing they can do.

They can’t garnish your wages or bank accounts. So use the bankruptcy threat in your negotiations. Lenders know how much it will hurt their ability to collect from you.

The most effective technique that we have seen is to have all negotiations go thru a bankruptcy lawyer. The lawyer knows how to negotiate from a position of power.

The lawyer will also know full well exactly how bankruptcy will hurt the lender. Even if you have no intention of declaring bankruptcy the lender will get scared and cave in.

Then you can get the loan modification you deserve.

Thinking about a loan modification?Our Florida loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at brady@floridaishome.com to request a Free Copy.

Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at brady@floridaishome.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (407) 374-3123

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Brady is a Real Estate Agent at Perrone Realty. Florida Short Sales Realtor:
Phone: (407) 374-3123.
brady@floridaishome.com.

View My homes for sale at Orlando homes for sale.

Brady Pevehouse specializes in loan modification assistance and short sales in Florida. Florida Loan Modification Help, Florida Short Sales. Florida Short Sale Realtor. Florida Short Sales. Florida Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice
Brady Pevehouse, Perrone Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Brady’s personal views and do not reflect the views of Perrone Realty.

This information on Florida Loan Mod Help: Why Lenders Back Off When Threatened With Bankruptcy is provided as a courtesy to our viewers to help them make informed decisions.

How To Get Your Loan Mod Approved When Negotiating With A Local, Florida Lender

August 19, 2011
Comments 0


Florida – In my opinion, loan mods are very tough to negotiate with large lenders like Bank of America, Wells Fargo, JP Morgan Chase, or SunTrust. The reason is because you are treated like a number.

In addition, in most cases the lender doesn’t own your loan. Someone else does. So when they negotiate with you, it is simply to go thru the motions.

Get my Free, Step By Step Loan Modification Guide by clicking here.

No, common sense does not apply in these situations! The good news is that common sense does apply when you are dealing with a small, local lender.

I remember hearing a credit union in my town run ads about how they didn’t treat you like a number.

The ads said something like, “When you bank with X Credit Union you aren’t a number. We talk to you on a first name basis.” I didn’t see the benefit then, but I do see it now.

I talked with a recent homeowner about how he negotiated a loan modification with a small, local lender. At first the lender played total hardball with him.

“Either pay us in full or we will foreclose”, they told him. They were firm on being paid in full. The said if he didn’t pay they would file foreclosure right away.

He was pretty and paid in full for a while. Six months later he grew tired of being dead broke (which is how his finances were after giving his lender most of his earnings every month.)

So he decided to “play chicken” with his lender. He stopped paying. His lender continued to play hardball. Finally, he consulted a bankruptcy attorney and had them take over the negotiations with his lender.

The lender backed off. They total changed their tune. No longer were they playing hardball. Now, they wanted to “work something out with him.”

Wow! What a difference that one simple thing made. Notice he didn’t have to file bankruptcy or anything.

But, the threat caused them to change their tune. In my next blog post I’ll explain why.

Thinking about a loan modification?Our Florida loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at brady@floridaishome.com to request a Free Copy.

Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at brady@floridaishome.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (407) 374-3123

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thanks for reading this, Brady Pevehouse.

Brady is a Real Estate Agent at Brady Pevehouse. Florida Short Sales Realtor:
Phone: (407) 374-3123.
brady@floridaishome.com.

View My homes for sale at Orlando homes for sale.

Brady Pevehouse specializes in loan modification assistance and short sales in Florida. Florida Loan Modification Help, Florida Short Sales. Florida Short Sale Realtor. Florida Short Sales. Florida Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice
Brady Pevehouse, Perrone Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Brady’s personal views and do not reflect the views of Perrone Realty.

This information on How To Get Your Loan Mod Approved When Negotiating With A Local, Florida Lender is provided as a courtesy to our viewers to help them make informed decisions.

Florida Loan Mod Question: How Do I Get A Loan Mod On An FHA Loan?

August 15, 2011
Comments 0


Orlando, Florida – The Stop Foreclosure recently received a question from Grant. Here was his question:

“I have an FHA loan and want to get a loan modification. My bank is playing hardball and won’t modify the loan at all. My friend got a loan modification and said it was pretty easy. What can I do to modify my loan?” Grant.

Get my Free, Step By Step Loan Modification Guide by clicking here.

Here is the answer. I don’t know the specific rules for FHA Loan Modifications. But, I do know how to find them. Here is what I have learned about FHA Loan Modifications and FHA Short Sales.

The FHA Program takes the loss on any short sales or loan modifications. Because of that they get to make the decisions on how loan mods and short sales are implemented.

The FHA program is administered by the Federal Department of Housing and Urban Development. Most people call it “HUD.” HUD has specific employees that administer the FHA Loan Program.

Those employees do not review loan modifications or short sales themselves. Instead, they give specific written instructions to the lenders that handle the loans.

These specific instructions are called Mortgagee Letters. If the lender wants to be reimbursed for any loss by the FHA Insurance, then they must follow the instructions.

They issue updates to their directions regularly with new Mortgagee Letters.

Here is the bottom line. Your lender has to follow those written instructions. The good news is that you and I can access and read thru these letters online.

To find out the specific rules for an FHA Loan Modification, you will have to read thru the following Mortgagee Letters. Mortgagee Letter 2009-35, Mortgagee Letter 2000-05, Mortgagee Letter 2002-17, Mortgagee Letter 2008-21, Mortgagee Letter 2010-11, and Mortgagee Letter 2009-23.

I just found some good information in Mortgagee Letter 2002-17. “At no time shall the loan be considered delinquent solely because the borrower has not paid late fees or other foreclosure costs.”

I have seen lenders put a borrower into default status and charge late fees on late fees. One late fee can blossom into thousands of dollars in charges. It looks like FHA doesn’t like that practice.

There are probably a total of 40-50 pages that you will need to read thru. But, because you know the rules you will have the upper hand in any negotiations with your lender.

I think that is worth spending a little extra time reading thru everything.

Thinking about a loan modification?Our Florida loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at brady@floridaishome.com to request a Free Copy.

Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at brady@floridaishome.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (407) 374-3123

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thanks for reading this, Brady Pevehouse.

Brady is a Real Estate Agent at Brady Pevehouse. Florida Short Sales Realtor:
Phone: (407) 374-3123. brady@floridaishome.com.
View My homes for sale at Orlando Homes For Sale.

Brady Pevehouse specializes in loan modification assistance and short sales in Florida. Florida Loan Modification Help, Florida Short Sales. Florida Short Sale Realtor. Florida Short Sales. Florida Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice
Brady Pevehouse, Perrone Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Brady’s personal views and do not reflect the views of Perrone Realty.

This information on Florida Loan Mod Question: How Do I Get A Loan Mod On An FHA Loan? is provided as a courtesy to our viewers to help them make informed decisions.

A Common Florida Loan Mod Mistake and How To Avoid It

August 5, 2011
Comments 0


Orlando, Florida – Most homeowners negotiating a loan modification are not amazing negotiators. After all, it’s not every American’s job to be a great negotiator.

America is built on hard work and treating people fair. Most stores offer products at a good, fair price. The price is the price. If you don’t like it, then don’t buy it.

But, don’t kid yourself on loan modification negotiators. The lenders teach them how to negotiate. They train them to do everything they can to squeeze as much money out of you as possible.

Get my Free, Step By Step Loan Modification Guide by clicking here.

The supervisors tell them, “If it means not modifying the customer’s loan, then go ahead and do what you need to do. Don’t modify their loan.” Here is a trick they use to avoid having to modify your loan.

They tell you that you have to catch up all or part of the back payments before they will approve the loan modification. It’s a trap.

Every single dime you pay them before starting negotiations is a dime lost. You can’t use that dime as part of your negotiations. They already have your money.

If you pay them all the back payments, they won’t be as motivated to modify your loan. That is why I recommend that you hold onto every single penny you can until you get a signed modification agreement.

That way if the modification isn’t approved you can use the money for something else. Maybe you could use it as a down payment on a rental. Either way, at least you have your options open.

We offer a loan modification guide to consumers. Here is what we cover in the Stop Foreclosure Institute’s Loan Modification Insider Secrets Guide.

* An easy to understand, Step By Step Guidebook.

* How to write a Hardship Letter that gets your loan modification approved.

* Three big loan modification mistakes and how to avoid them.

* Loan Modification from the lenders point of view.

* How the Making Home Affordable Program can help you.

* What not to do so you don’t risk being carted off to jail.

* How to calculate your budget properly to increase your chance of success. Thinking about a loan modification?

Our Florida loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at brady@floridaishome.com to request a Free Copy.

Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at brady@floridaishome.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (407) 374-3123

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Brady is a Real Estate Agent at Brady Pevehouse. Florida Short Sales Realtor:
Phone: (407) 374-3123. brady@floridaishome.com.
View My homes for sale at Orlando Homes for sale.

Brady Pevehouse specializes in loan modification assistance and short sales in Florida. Florida Loan Modification Help, Florida Short Sales. Florida Short Sale Realtor. Florida Short Sales. Florida Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice
Brady Pevehouse, Perrone Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Brady’s personal views and do not reflect the views of Perrone Realty.

This information on A Common Florida Loan Modification Mistake and How To Avoid It is provided as a courtesy to our viewers to help them make informed decisions.

Florida Loan Mod Help: Don’t stress out over financial problems

July 29, 2011
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Florida – If you are in financial trouble, then I’m sure you’re worried. Here are a few things I see people worry about that aren’t as bad as they think.

Financial Worry #1: We could be forced to move out of our house at moment’s notice.

Get my Free, Step By Step Loan Modification Guide by clicking here.

If you own your house, then I have some good news. Most lenders are taking 6-12 months to file foreclosure. The debt collectors don’t always tell you the truth.

Many get paid bonuses based on how much they collect. That encourages them to stretch the truth.

They might tell you the foreclosure is going to filed next month. Yes, even if it’s not true. Here is the other good news. It can take months for a foreclosure to go thru.

The court system is bogged down. Judges are busy. The foreclosure lawyers are busy. This means it takes a long time for a lender to foreclosure.

Financial Worry #2: I owe someone money. They could get a judgment against me and take away everything.

Yes, they might very well be able to get a judgment against you. However, many judges are dismissing these cases. You can’t squeeze water out of a stone. You can’t squeeze money from someone who doesn’t have it.

Even if someone gets a judgment, they still have to collect it. Collecting on judgments is hard. That is why around 80% of all judgments are never paid off.

Even if they garnish your wages, many states have exemptions. You can contest the garnishment. You can file that you have children or a family to take care of.

Or, you have absolutely necessary bills (such as a car payment for a car to drive to work). You then show you aren’t making enough money to pay the garnishment. The judge will often cancel the garnishment.

Financial Worry #3: A debt collector will take my dog, car, or garnish my wages.

I remember hearing a caller on a national talk show. A debt collector had threatened to take away her dog. She was scared they were going to. Here is the problem.

Debt collection employees will use all kinds of threats. The problem is there are federal laws in place to protect the public. These laws are called the Fair Debt Collection Practices Act.

Threatening to take someone’s dog is illegal. Thinking about a loan modification?

Our Florida loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at brady@floridaishome.com to request a Free Copy.

Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at brady@floridaishome.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (407) 374-3123

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thanks for reading this, Brady Pevehouse.

Brady is a Real Estate Agent at Perrone Realty. Florida Short Sales Realtor:

Phone: (407) 374-3123. brady@floridaishome.com.

View My homes for sale at Florida is Home.

Brady Pevehouse specializes in loan modification assistance and short sales in Florida. Florida Loan Modification Help, Florida Short Sales. Florida Short Sale Realtor. Florida Short Sales. Florida Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice
Brady Pevehouse, Perrone Realty Inc., and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Brady’s personal views and do not reflect the views of Perrone Realty.

This information on Florida Loan Modification Help: Don’t stress out over financial problems is provided as a courtesy to our viewers to help them make informed decisions.

Another strategy to use when negotiating a Florida Loan Mod

July 22, 2011
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 Florida – Lenders hate losing money. They hate loan modifications, principal reductions, and any other thing that causes them to lose money.

But, in today’s tough economy they have no choice but to accept them. The primary reason a lender will grant a loan modification is because that usually reduces their losses.

Get my Free, Step By Step Loan Modification Guide by clicking here.

If they foreclosed on the house instead, then the losses would be larger. Besides most foreclosures take 18-24 months and often longer.

(That alone should convince you that their losses will be larger after a foreclosure.)

Use this to your benefit when negotiating a loan modification. Hire a real estate agent to tell you what your house is worth. Then, show your lender that value.

Now, add in all the costs that you can think they will incur if they foreclose on your home. Below are some examples costs.

Current Market Value: $300,000.

Lost Interest income at 5% over two years. $30,000.

Property Taxes over two years: $6,000.

Home Insurance costs for two years: $3,000.

Projected Net from a foreclosure: $261,000.

Because the lender can clearly see how much money they will use, it make it much easier to negotiate a reasonable loan modification.

If you want a realtor to give you the value of your home, then please send me an e-mail. I can put together a Broker’s Price Opinion and tell you what I think your home’s value is.

You can use that to negotiate with your lender. Thinking about a loan modification?

Our Florida loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at brady@floridaishome.com to request a Free Copy.

Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at brady@floridaishome.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (407) 374-3123

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thanks for reading this!

Brady is a Real Estate Agent at Perrone Realty. Florida Short Sales Realtor:
Phone: (407) 374-3123. brady@floridaishome.com.

View My homes for sale at Florida is Home.

Brady Pevehouse specializes in loan modification assistance and short sales in Florida. Florida Loan Modification Help, Florida Short Sales. Florida Short Sale Realtor. Florida Short Sales. Florida Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice
Brady Pevehouse, Perrone Realty Inc., and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Brady’s personal views and do not reflect the views of Perrone Realty.

This information on Another strategy to use when negotiating a Florida Loan Modification is provided as a courtesy to our viewers to help them make informed decisions.

Florida Loan Mod Success Story: Man Wipes Out 300k In Mortgage Debt

July 18, 2011
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Florida – I know a guy that wiped out 300k in mortgage debt. I’ll call him Tom. The name and some of the details have been changed to protect his privacy.

Tom owed a lot of money on his house. He owed 600k on a first mortgage and then another 300k on a second mortgage.

Get my Free, Step By Step Loan Modification Guide by clicking here.

Tom’s income dropped dramatically. He almost lost his home. He finally got a new job and was able to pay the first mortgage payment.

Because they were close to foreclosing, he found a way to pay them. But, he didn’t have enough money to pay the second mortgage.

So Tom didn’t pay the second mortgage. He was doing everything he could to save his home. The second mortgage called Tom a lot.

“If you don’t pay us, then we will file for foreclosure”, they would say. Twelve months went by and no one filed for foreclosure.

Tom was quite surprised. “I had no idea when the sheriff was going to come out and kick us out”, Tom told me. We told him that most second mortgages never file for foreclosure.

Here is why they hardly ever do. In a foreclosure, the first mortgage gets paid off before the second mortgage gets a dime.

In Tom’s case, his home’s value had dropped below the 600k he owed to his first mortgage. This meant that if the second mortgage did foreclose, then they would only lose more money.

That is not a winning business proposition. We also told Tom that he could probably settle with his second mortgage for five to ten cents on the dollar.

That means he can eventually settle for $10,000 to $20,000. We first talked to him over a year ago. Today, Tom still hasn’t made a single payment on his second mortgage.

He has caught up all the payments on his first mortgage. In addition, he has been able to get back on his feet financially.

He expects that he will settle with the second mortgage in a year or two. The first priority is getting all his other finances completely in order.

This story illustrates that you are not doomed. Many people owe more than their home is worth. They are able to short sale and get rid of the debt.

Or, they can use creative strategies like this to reduce the level of debt. You can get your finances back in order with a little work and time.

Thinking about a loan modification?Our Florida loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at brady@floridaishome.com to request a Free Copy.

Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at brady@floridaishome.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (407) 374-3123

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thanks for reading this.

Brady is a Real Estate Agent at Perrone Realty. Florida Short Sales Realtor:
Phone: (407) 374-3123. brady@floridaishome.com.

View Baldwin Park homes for sale
Cocoa Beach homes for sale 

Brady Pevehouse specializes in loan modification assistance and short sales in Florida. Florida Loan Modification Help, Florida Short Sales. Florida Short Sale Realtor. Florida Short Sales. Florida Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice
Brady Pevehouse, Perrone Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Pevehouse’s personal views and do not reflect the views of Perrone Realty.

This information on Florida Loan Modification Success Story: Man Wipes Out 300k In Mortgage Debt is provided as a courtesy to our viewers to help them make informed decisions.

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