Archive

Archive for February, 2010

“Should I Short Sale My Home?”

February 14th, 2010 kennywagner No comments

RE Postcard4If you’re not sure and just want to find out if you qualify, give me a call and I will walk you through your options.

Believe it or not, you may just need help getting a temporary reduction in your payments to ‘catch up’.  In any case, call me to talk about the several options that you may not be aware of.

If you don’t know what else to do and you don’t call me at 1-702-204-3945, what will it cost you in damaged credit, frustration and stress?

If I am unavailable when you call, you can either leave me a message or with one of my assistants who are taking calls from 8am to 9pm Pacific time Monday through Saturday.

I know how you feel and I can help.

Kenny

Kenny Wagner
Short Sale Specialist
Foreclosure Mitigation Specialist

The Foreclosure Mitigation Company
Short Sale & Foreclosure Specialists

1-702-483-0890 Direct
1-206-971-5033 Fax

kenny@tfmcpartners.com

Self

And Did You Know That Most Short Sale Agents Who “Do Short Sales” Have A 90%+ FAILURE Rate When Negotiating Short Sales According To The National Association Of Realtors?  That Means The Average Agent Will Only Get 1 Or 2 (At Best) Out Of Every 10 Short Sales To Work.  I Have A 90%+ Success Rate When Closing Short Sales Transactions.  See A Sample Of My Short Sale Approval Letters HERE.

If Considering Another Agent Or Negotiation Company, I Advise Asking Them For Their Most Recent Approval Letters From The Banks Showing They Can Get The Job Done… Most Can Not.

My Success Rate Is So High Because I Have Been Specifically Trained On Short Sales By THREE Of The Most Well Known Top Loss Mitigators In The Country & A Top Short Sale Attorney - (Jerami King – KK Consulting; Suzanne Erickson – American Loss Mitigation; Lee Honish – Short Sale Genius & Jeff Watson – Top Short Sale Attorney) On How To Negotiate A Settlement With Your Current Lenders So You Can Sell The Property, And Get Out From Under This Burden.

Best Of All, My Compensation Is Usually Paid By The Bank, So You Won’t Have Any Out-Of-Pocket Expense & You Keep Your Full Commission.

Categories: Uncategorized Tags:

“SOME” Banks are “Getting It” – Short Sales now 35% of Liquidations

February 14th, 2010 kennywagner No comments

This is a post courtesy of Investor Funding Blog by Ted Akers.  If you’re a would be Short Sale Investor that is in need of transactional funding http://www.investorfundingsite.com/, outsourcing your short sale negotiations or just timely accurate info in the short sale arena visit his site for more info.

——————————

A Research Note by Barclays Capital, indicates that short sales have been boosted by mandatory and voluntary foreclosure prevention efforts that have prevented mortgages from entering REO status.  As federally-funded loan modifications made through the Home Affordable Modification Program (HAMP) grow and lenders are expected to hold off on foreclosure proceedings, the REO pipeline shrunk, according to BarCap researchers. The foreclosure prevention efforts have had the effect of “artificially” boosting short sales.  “The artificial constraints to foreclosure auctions have resulted in a reduction in REO stock,” BarCap said. “As a result, the net volume of REO liquidations has also dropped.

As short sales are not affected by moratoria, their rate held up and their overall share in distressed sales increased.  It has now risen more than 10 points from the lows to about 35% of overall liquidations. It remains to be seen if this increase will sustain itself once the large number of loans sitting in foreclosure are finally released into REO.”  BarCap researchers pointed to the difference in severity seen in foreclosure and short sale scenarios as one of the drivers behind servicers choosing short sales.

HOWEVER, most experts agree that there is a looming shadow inventory of REO’s yet to come and that foreclosure numbers are likely to stay high thru 2011 due to specific types of outstanding mortgages, specifically Option ARM’s which have a greater liklihood of having values underwater when they recast.  Information regarding the Barclays research was provided by Chris McLaughlin.

For low-cost Transactional Funding for Short Sale Back-to-Back closings visit Ted’s Transactional Funding website at: www.InvestorFundingSite.com Their fees are some of the lowest I’ve seen.

———————————————-

And of course, if you’d like to discuss your personal situation to learn what options are available to you, give me a call at 702-204-3945 or you can contact me via email kenny@tfmcpartners.com or by leaving a comment below.

Kindest Regards,

Kenny Wagner
The Foreclosure Mitigation Company

kenny@tfmcpartners.com

P: 702-204-3945

Self Chat with Kenny @ TFMC

Categories: Short Sales Tags:

Believe it…the banks are having their way…Watch this VIDEO! Be Informed.

February 12th, 2010 kennywagner No comments

A bank failure = BIG PROFITS for the new owner and bad news for homeowners who would like to stay in their home with the hopes of a loan modification.

Courtesy of they guys @ http://www.thinkbigworksmall.com

“The IndyMac Bank Slap In The Face” - You won’t believe the sweetheart deal that the Indymac boys were given by the FDIC.

http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1287086

If you’d like to discuss your personal situation to learn what options are available to you, give me a call at 702-204-3945 or you can contact me via email kenny@tfmcpartners.com or by leaving a comment below.

Kindest Regards,

Kenny Wagner
The Foreclosure Mitigation Company

P: 702-204-3945

Self Chat with Kenny @ TFMC

Categories: Loan Modification, Short Sales Tags: