Utah County Short Sales: Who is in charge during a short sale?

Utah County UT – Many home buyers think that the short sale lender is in charge during a short sale. Nothing could be further from the truth. The short sale lender can only veto short sale offers. They can’t put the property up for sale or decide who to sell it to. Only the home […]

Utah County Short Sales: Loan Modifications can be a recipe for disaster

Utah County UT – The Star Tribune, a newspaper in Minneapolis, recently ran a story about loan modifications. Here is an excerpt from the article: “Many people who sought help under a federal program created to keep them from losing their homes are instead getting saddled with huge, unexpected bills. Thousands now face a stark […]

Does My Utah County Short Sale Have To Be Approved Before I Put It Up For Sale?

Utah County UT – We often get asked if a short sale is even worth the effort. “Do I need to have my short sale “Approved” by my lender before I put my home on the market?” one seller asked us. “When I called my lender they wouldn’t talk to me about my short sale. […]

US Bankruptcies just reached a 5 year high

Utah County UT – According to data from the National Bankruptcy Research Center, US bankruptcies have reached a 5 year high. The last record was set in 2005. That record was set because bankruptcy laws were being tightened up and people wanted to file before the laws changed. (The big banks had convinced congress to […]

How Much Debt Can I Erase With A Utah County Short Sale?

Utah County UT – We often get asked that question. Some people think that since they are walking away from a large upside down mortgage, then the bank won’t approve it. That usually isn’t true. I wanted to put together a few examples of people the Stop Foreclosure Institute has helped with a short sale. […]

Utah County Short Sales: Why Should I Short Sale? It Costs You Nothing

Utah County UT – This is a continuation of a former article about short sales. We often get asked if a short sale is even worth the effort. “Why don’t I just let the bank have the property”, sellers tell us. “I don’t ever think I’ll be able to fix my credit to be able […]

Utah County Short Sales: Why Should I Short Sale?

Utah County UT – We often get asked if a short sale is even worth the effort. “Why don’t I just let the bank have the property”, sellers tell us. “I don’t ever think I’ll be able to fix my credit to be able to buy another house.” Discover how other sellers successfully did a […]

Utah County Short Sales: Why Should I Pay Double For My Home?

Utah County UT – The Stop Foreclosure Institute recently received a question from Luis. Here is Luis’s Question. “I am working on a loan modification on my home. I just don’t want to be upside down and want a fair interest rate. Why should I pay on a mortgage that is twice as much as […]