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By Art Lee
WHB Solutions, Certified Distressed Property Expert & Short Sales Education
Negotiate with only one lien holder is the best short sale scenario, but what do you do when there are multiple liens with the same lender? It has been WHB Solutions experience that negotiating with the same lender can be an advantage depending on [...]
Archive for the ‘Articles’ Category
Negotiating Short Sales with Two Loans, Same Lender
April 1st, 2010 14 Comments
How to get a Loan Modification Approved
February 11th, 2010 No Comments
By Art Lee
WHB Solutions, Certified Distressed Property Expert & Short Sales Education
Many people do not understand what it takes to get qualified for a loan modification. The general rule of getting approved is that you must be able to afford it! What this means is that you should be able to show income and assets [...]
Top 10 Negotiation Strategies
February 10th, 2010 4 Comments
Negotiating with the foreclosing lender is the best option to stop a foreclosure. Lenders are in the business of loaning money, not owning homes. Many Real Estate Agents shy away from working on Short Sale transactions because they get frustrated with their mediocre results. Instead of complaining about why negotiating with a lender is so [...]
Create a Sense of Urgency = Faster Lender Response Times
February 8th, 2010 No Comments
When a loss mitigation negotiator has 500-1000 files to work on, almost every one of those files is seen as urgent. Foreclosure timelines may seem long but getting an approval from the lender and then waiting another 30-45 days for the deal to close, there isn’t much time at all. When you first get a [...]
21 Types of Property Liens
February 5th, 2010 No Comments
Avoid Short Sale Pitfalls
By Art Lee
WHB Solutions, Certified Distressed Property Expert & Short Sales Education
In any short sale transaction ALWAYS run a title report to view all the liens attached to a property. You must account for all liens on a property to qualify whether or not it is a short sale worth pursuing. Not [...]
Posted in Articles, Featured 
Tags: property liens, short sale transaction, Short Sales, short sales education, types of property liensWhy Homeowners Need to Consider Short Sales
February 3rd, 2010 No Comments
There have been so many news articles about homeowners walking away from the financial obligation to their mortgage. In response, there has been a lot of opinions about how these homeowners are not taking an ethical stance and avoiding their responsibilities. The result will be billions of dollars spent by the U.S. government to aid [...]
Approved Short Sale Qualifications
February 1st, 2010 No Comments
The most important activity when deciding to pursue a short sale deal is to determine whether or not the homeowners situation would qualify for a short sale approval. If this task is not done, you could be working on a “dog” deal that has no chance of closing, therefore wasting your precious time you could [...]
Top Ten Tips to Buying Foreclosures
January 28th, 2010 No Comments
The numbers of reported foreclosures nationwide hit 2.8 Million in 2009. The number of foreclosures for sale is astounding and although there are many opportunities to purchase a foreclosure for a huge discount, buyers should be aware of the issues that may come from these distressed properties. Any buyer of a foreclosure should practice sound [...]
Posted in Articles, Featured Tags: Foreclosures, Short Sale Classes, Short Sale Education, Short Sale Success, Short SalesThe Terms of Foreclosure
January 20th, 2010 7 Comments
The term Foreclosure describes the process of a lender who tries to recover monies owed on a loan in default by a borrower. The lender will try to sell the home via a short sale or take the home back as a REO (Real Estate Owned) property and put it up for sale. When a [...]
Tips on Postponing a Trustee Sale for Short Sales
January 13th, 2010 No Comments
Do you have a Trustee Sale you need to postpone in order to complete your Short Sale deal? Do not trust the foreclosing lender to get it done. Trust us, we have lost deals when we counted on the lender to save our deal. Take action and put the power in your hands.
First, it is [...]
