Sunday, February 8, 2009

Avoid Foreclosure Legally!

Visit our New Short Sale Web Site located at www.BGIshortSALES.com. This web site is free and offers information about short sales and your options to avoid foreclosure.

The more information you have as a home owner the better you will be able to make the decisions that fit your needs best. There is so much confusion out there. Some services are promising that for a flat fee they will save your home. Others offer to negotiate a modified loan with the bank for you. All I can share with you at this point is that "if it sounds too good to be true, then it probably is". I know you might be desperate for a solution but use your head and ask as many questions as you can before handing over your money to people you don't know or trust.


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Short Sales are Getting Easier! (?)

Well it is true, banks are getting things together but the biggest impact of your short sale progress and turn around time starts with your Realtor. If you are having some challenges please take the time to interview your short sale listing agent thoroughly.

Over the last year especially we have changed significantly how we submit or packages to the banks. These evolutions of our short sale package delivery have had a very positive impact on how fast we get responses from the banks we are communicating with.

With all of that said we will still run into some challenges with some banks. Often if the loan is backed by investors or if the second loan in a HELOC there will be additional challenges. That is okay because while they do add challenges it does not eliminate the ability to get them approved. Getting them approved takes a bit more patience, finesse and of course knowledge.


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