From the monthly archives:

January 2010

The Moral Obligation: Repay or Walk?

by Jon Griffith January 30, 2010

Short Sales are a tricky beast.  There are two sides to the argument when it comes to paying off a loan that you’ve promised to pay.  The first argument is that you’ve signed a promise to pay and you have a moral obligation to do so.  The second argument says that the lenders took advantage [...]

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9 Ways to Prevent Foreclosure

by Jon Griffith January 30, 2010

Reinstatement Bring your loan current.  Contact your lender, let them know you’re going to get caught up, and you’ll be able to remove the Notice of Trustee’s Sale and your home won’t go to auction.  Make sure you and your lender are on the same page, and that you get everything in writing. Forebearance Contact [...]

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Give Your Specialist Room To Work

by Jon Griffith January 20, 2010

The process of selling a home short of what you owe is simple in concept, but very difficult emotionally because it involves you and your home, and your prospect of foreclosure, and your finances. As a short sale expert, it’s my job to first market your home, and second, negotiate with the lender so you [...]

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Attorney Negotiated Short Sales are Still Just Short Sales

by Jon Griffith January 20, 2010

What does it take to negotiate a short sale?  That’s easy.  It takes a home owner who wants to sell their home.  It does not require a lawyer, a REALTOR, or any other special entity.  There is no requirement for certification, licensing, or any special degrees that are required to talk your lender into accepting [...]

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Realtor Questions: What To Do When the 2nd Requires a Personal Note

by Jon Griffith January 6, 2010

Today I was asked a question by an agent who represented a buyer on a short sale listing that I negotiated recently. She is currently representing the seller, and was curious to know how to handle the following scenario. The 1st has approved the sale of her client’s home short of what is owed, and [...]

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