'Doctor Short Sale' Featured in the Sarasota Herald Tribune!

'Doctor Short Sale' will see you now

Date: 9 June posted by Josh Salmanon

'DOCTOR' ERIC GREENSTEIN thinks he has found a cure for potentially hundreds of Southwest Florida residents' ills -- even though he lacks an advanced degree and avoids hospitals whenever possible.

Calling himself "Doctor Short Sale," the Sarasota real estate agent focuses on ways to remedy the housing market and heal the wounds of delinquent home loans that still threaten middle-class neighborhoods across Florida.

He thinks he's found it, too, in a formula that cuts the wait time associated with short sales for buyers and boosts bank approval rates.

Tags: CreditBankruptcyMortgage

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The Freedom Provided by Bankruptcy

Date: 9 MAY on , ,

No doubt, that if you are reading this article, you have gone through the nightmare of being harassed by creditors, receiving multiple phone calls and scared about what is going to happen next. Or you may be someone who has always been proactive throughout your life, always paid your bills, always in control of your financial situation but, due to circumstances beyond your control, such as a loss of a job or the downturn of the real estate market, you face the possibility of not being able to make your bill payments and are looking for more information about bankruptcy, and if it can help you through these difficult times. In planning one's life, no one ever puts filing for bankruptcy on their bucket list. However, unfortunately, millions of American's each year seek the protections provided by the Bankruptcy Code in order to get a fresh start on a new life.

Tags: CreditBankruptcyMortgage

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Beginning a Shortsale

Date: 7 MAY on , ,

Getting Started With Shortselling

Buyers of short sales have unique experiences. Not only do they need to understand the steps of a short sale approval process, they must have an abundance of patience. In some situations there is a specific timetable to move out of their present home or a specific date by which they need to be into their new home, the frustration level in these situations can be very high.

Tags: ShortsalesBankruptcyForeclosure

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Where to Find the Best Deals on Properties

Date: 27 MARCH on , ,

There are many properties that come onto the market for a Buyer to consider. They break down into three major categories:

Tags: ShortsalesReo/Bank OwnedBuyers

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Buying After Bankruptcy

Date: 4 MAY on , ,

How do I buy a home after a bankruptcy?

What are the long term effects on my credit?

Tags: ShortsalesBankruptcyForeclosure

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Distressed Homeowners Issues

Date: 1 MAY on , ,

Often distressed homeowners do not understand all of the options that are available to them and can become overwhelmed sometimes to the point of giving up. Unfortunately, the failure to take action on a distressed property may result in the situation going from bad to worse. A good analogy would be to put a Band-Aid on a serious infection and expect it to get better by ignoring it. It may get much worse and need surgery if not treated. Don't underestimate the severity of the situation you are in.

In order to best understand your options, it is recommended that you consult with an attorney who is experienced in foreclosure defense and loss mitigation. He or she can advise you based on your specific situation. For instance, in Florida you hold the title to your home from when you purchase it until the Certificate of Title is issued in the foreclosure process. Some people believe that once the foreclosure has been filed that the home has been "foreclosed" and is owned by the lender. This is just not true. This means that you are still responsible for the property. Even if you move out, issues of liability, taxes, HOA/Condo fees, etc. remain your responsibility. Even people who declare bankruptcy and surrender the property discover that they still have some liability that cannot be released after the discharge. This is often a surprise for some people.

Tags: SellersHomeownersForeclosure

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Obstacles to Lenders Seeking a Foreclosure Action

Date: 4 MAY on , ,

There are many obstacles that can cause a lender to have problems with a foreclosure action. One of the key issues is whose name is on the promissory note and whose name is on the title. One recent situation revealed only the wife's name on the note and only the husband's name on the title. This revelation created real problems for the lender trying to seek legal action against the husband. It caused years of delays and then, the lender went after the wife separately taking over another year to finally get the court to take action.

Tags: ShortsalesLendersForeclosure

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Ways Out of a Foreclosure

Date: 28 APRIL on , ,

Think the only way out of a foreclosure is to file for bankruptcy?

Every situation is different and bankruptcy may not be the right answer for you. If your home debt is the sole reason to consider bankruptcy, this is most likely not the best solution. A deed in lieu or a short sale may be the better option.

Tags: ShortsalesBankruptcyForeclosure

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Short Sale Opportunity is Now. Learn Why...

Date: 17 DECEMBER original source what is a shortsaleon , ,

If you're thinking about a short sale, now is your opportunity to short sale your property.

Short sale programs like the HAFA Program and the Mortgage Debt Relief Act are once again set to expire at the end of 2013. Both of these programs were put forth by our Government to help homeowners who are either facing foreclosure or owe more on their mortgage than their property is worth. Both of these programs offer homeowners great benefits like providing cash at closing, waiver of deficiency and any taxes you may owe.

Tags: ShortsalesBankruptcyForeclosure

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A Couple of Tips That Can Help Close a Loan

Date: 20 SEPTEMBER posted by Mike Pfaff, Innovative Mortgageon ,

Normally, new landlords can not use rental income. There is a special case when the buyer rents out his old primary home. As long as the situation is handled property, mortgage lenders can use the income. I have done two of these loans within the last 60 days and in the process turning a denied loan into an approval.

Getting approval for recent retirees who just quit their job. Normally, this would be a dead deal, but there are solutions that allow you to close the deal. There is a way to use IRA or 401k funds to qualify for a loan, even if they never took out any money. I closed these loans recently too. There are more ways to close loans than most people realize. Every month, I save loans that other lenders turned down. Stay tuned for more.

Tags: buyerstipsshortsales

What You Should Know Before Choosing a Short Sale Realtor

Date: 14 AUGUST posted by DoctorShortSaleon , ,

Why This is Important:

The process of choosing a short sale realtor is one that should be taken seriously. There are numerous challenges you may come across during the short sale process, and choosing the right short sale realtor can make all the difference in your end result. Short Sales are time sensitive and each mistake or lost oppurtunity can lead to costly results. Do not be carried away by misleading websites, leading sales pitches and especially charismatic tv salesmen. When you hear things like you could be rich instantly, or all your problems can be taken care of overnight, do not believe it.

Tags: RealtorsInvestorsShort Sale Negotiators

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10 Tips for Buying a Shortsale Home

Date: 19 SEPTEMBER posted by DoctorShortSaleon ,

The Initial Asking Price may be Different than the Final Price:

Sellers will ask low to get people looking at the property. They will do this before the bank is even aware of what's going on. The bank will always have the final say on the short sale. If you see something fresh on the market that's at a seemingly unbelievable rate, there's a good chance that it's not the final price. Sometimes, this can even drag out the process, as the bank can end up with several offers to reject or approve. As the buyer you should have an agent to work with during this process, as it can drag out much longer than you would think it should.

Check the Sellers Loans - 1 Bank is Best:

When multiple banks become involved, the process becomes not only more complex, but also, it can get weighed down in standoffs. Some banks may want different things, and want to give a loan to a different buyer than the other bank. Wait times can get bogged down when banks can't agree. It's best to stick to one bank.

Tags: buyerstipsshortsales

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Short Sale Killers and Pitfalls

Date: 23 JULY posted by DoctorShortSaleon , ,

There are many roadblocks which can derail a short sale. With extra research, a buyer should be able to uncover the possible obstacles and plan for them.

Tags: PitfallsBankruptcyMortgages

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What is a Shortsale?

Date: 13 JULY posted by DoctorShortSaleon , ,

A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens full amounts.

Tags: ShortsalesBankruptcyForeclosure

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