Winter Park FL – As I mentioned in my prior post, the return on investment for residential rentals is very good. This is due to a variety of reasons including because of a tight rental market caused by the housing crisis. Rents have increased while home prices have dropped.

Single Family Homes are the best way to go because they are easy to rent and you can prescreen for the absolute best tenants. Good tenants are the key to avoiding problems.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Have you ever noticed how apartment complexes have to work hard to rent their apartments? Meanwhile, most single family homes are rented without much effort.

Homes tend to attract more stable tenants that are older and have more stable, established jobs.

How to avoid problems with a rental property. Before agreeing to rent to a prospective tenant, ask to look at their financials.

Banks ask for copies of tax returns, bank statements, and pay stubs before approving a loan. I don’t think a tax return is necessary.

But, you can get a much better idea of whether or not someone can pay you when you have copies of bank statements and/or pay stubs.

It will be very hard to get this from someone renting an apartment. But, there are much less homes for rent and more people looking to rent a home.

That extra demand will allow you to request that information.

On the flip side….some of you may have already been through a short sale or going through one now and are knowing you have to rent for a while. These “tips” for owners can provide you some insight into how a prospective landlord will look at you as they consider your as a tenant. Playing to their desires and needs for a quality tenant can help you secure that rental.

Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at Ross@SummitPropertiesFL.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 407-647-1660

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Winter Park loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this short sale blog.

Ross Hudson “Market Expert…Tells the REAL Story”

Phone: 407-647-1660. Ross@SummitPropertiesFL.com.

Ross is the broker/owner of Summit Properties Realty, Inc…And the owner of
Hudson Appraisals, Inc. in Winter Park, FL. He is a State Certified General
Appraiser with years of appraising all types of commercial/investment
properties along with lots and lots of homes! Much of the appraisal business at
Hudson Appraisals today consists of appraising houses for Fannie Mae, asset
management companies and banks, helping them out with their foreclosures. He
also is author of Foreclosure Video Blog, a blog with videos of Orlando area
foreclosures and short sales.

Ross Hudson specializes in loan modifications and short
sales in Winter Park Florida. Winter Park Loan Modification Help. Winter Park
Short Sales. Winter Park Short Sale Realtor. Winter Park FL Short Sales. Winter
Park Realtor, Orlando Realtor, Orlando Short Sale Realtor, Orlando
Foreclosures, Orlando FL Foreclosures

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Ross Hudson, Summit Properties Realty, Inc., and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ross’s personal views and do not reflect the views of Summit Properties Realty, Inc..

This information on A Few More Tips On Buying Winter Park Rental Property is provided as a courtesy to our viewers to help them make informed decisions.

Winter Park FL – The Pros of Rental Property.

The tenant pays your mortgage payment. You won’t make a lot
of money while you have a mortgage. But, where else can you have someone buy and pay off something for you?

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

You start to make real money after the mortgage is paid off. In addition, some properties are so cheap that the rent will pay off a 15 year mortgage. So in 15 years you have a free and clear house providing monthly income.

Rentals are a great hedge against inflation. Notice how gas prices are going up again? The prices of everything else increase with gas prices. Food, clothes, electricity, and everything else goes up.

That means your house will go up in value over the long term and so will your monthly rental income. But, you locked in the price when you bought it when prices were lower. Rentals in the Orlando Winter Park market area can pay from 10% – 20% cash-on-cash returns! A little better than your local CD rates! I have a marketing piece I use…it’s a quarter page ad from SunTrust “bragging” about their 1% CD!!! So….10% or better OR 1% on a SunTrust CD?????

I don’t want to make it seem like rental properties are a no brainer. There are some risks involved. No one should buy a rental property unless they are prepared and understand the risks.

The Cons of Rental Property

Problem #1: Leaky toilets. This is the first thing you should be aware of. We have seen that most problems are not emergency problems.

Many landlords work around these problems by hiring good help in the beginning. They find a good handy man and negotiate on the price before he does any work.

Problem #2: Management. You can find a good property management company to handle everything for you. But, you still have to manage the management company.

If you do not have extra time to manage problems, then rental property is probably not for you. Some people like this buy larger properties and hire better managers.

They meet with their manager once a month and let them handle everything. This works for them because they bought a larger property with better numbers. That extra money can be used to pay a better, more competent manager.

Problem #3: Collecting Rent. This is where many people mess up. You have to be persistent and firm. If you are a sympathetic person, and prone to give people a “break, then rental property is not for you….I promise you, you’ll lose money if you are not fully prepared to do this part of the job properly.

Problem #4: Evictions. This is the bad side of the rental business. Most evictions occur because you didn’t pre-screen a tenant well enough.

You must budget enough so that you can afford an eviction when it happens. An eviction will cost you 2-3 months of rent. That is why you must have a rainy day fund for situations like this. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at Ross@SummitPropertiesFL.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 407-647-1660

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Winter Park loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this blog about the rental business. Hope it helps.

Ross Hudson “Market Expert…Tells the REAL Story”

Phone: 407-647-1660. Ross@SummitPropertiesFL.com.

Ross is the broker/owner of Summit Properties Realty, Inc…And the owner of
Hudson Appraisals, Inc. in Winter Park, FL. He is a State Certified General
Appraiser with years of appraising all types of commercial/investment
properties along with lots and lots of homes! Much of the appraisal business at
Hudson Appraisals today consists of appraising houses for Fannie Mae, asset
management companies and banks, helping them out with their foreclosures. He
also is author of Foreclosure Video Blog, a blog with videos of Orlando area
foreclosures and short sales.

Ross Hudson specializes in loan modifications and short
sales in Winter Park Florida. Winter Park Loan Modification Help. Winter Park
Short Sales. Winter Park Short Sale Realtor. Winter Park FL Short Sales. Winter
Park Realtor, Orlando Realtor, Orlando Short Sale Realtor, Orlando
Foreclosures, Orlando FL Foreclosures

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Ross Hudson, Summit Properties Realty, Inc., and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ross’s personal views and do not reflect the views of Summit Properties Realty, Inc..

This information on Getting Your Finances Back On Track After A Winter Park Short Sale. Pros & Cons Of Buying Rental Property is provided as a courtesy to our viewers to help them make informed decisions.

Winter Park FL – Are you upside down on your mortgage? Try this. Sit down and run the numbers. How much will your upside down mortgage cost you over the next 30 years?

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Let’s say a homeowner bought a house 4 years ago for $600,000. Today, their house is only worth $400,000. (Many areas here in Central Florida are worse than that) In addition interest rates have dropped since then.

And, because they have “Jumbo Loan”, they are paying a higher interest rate than someone who bought a less expensive house.

Let’s run the numbers. The payment on a $600,000, 7% interest rate over 30 year mortgage is $3,991.81. Even worse, that homeowner will repay $1,437,051. That’s a lot of money!

Now, let’s compare this with the guy buying the home next door. He is paying $375,000 for the home because it is a pre-foreclosure sale.

His interest rate is 4.25%, because he is able to lock in today’s low interest rates. The payment on his $400,000, 4.25% interest rate over 30 year mortgage is $1,844.77. But, it gets worse.

The neighbor next door is only going to repay $664,117 over the next 30 years. He is paying less than half of what his neighbor is paying for his house.

Question: Does it make sense to hold on if you’re struggling to repay a huge upside down mortgage.

You can short sale, wipe out the debt, rent for 2 – 3 years, and then buy your next home. The savings are huge!  When you include the “opportunity” costs, the numbers literally run into the $Millions$…..it’s your Future. Think about it.

Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at Ross@SummitPropertiesFL.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 407-647-1660

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Winter Park loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading my blog today….did those numbers just stun you? I hope I’ve been of some assistance.

Ross Hudson “Market Expert…Tells the REAL Story”

Phone: 407-647-1660. Ross@SummitPropertiesFL.com.

Ross is the broker/owner of Summit Properties Realty, Inc…And the owner of
Hudson Appraisals, Inc. in Winter Park, FL. He is a State Certified General
Appraiser with years of appraising all types of commercial/investment
properties along with lots and lots of homes! Much of the appraisal business at
Hudson Appraisals today consists of appraising houses for Fannie Mae, asset
management companies and banks, helping them out with their foreclosures. He
also is author of Foreclosure Video Blog, a blog with videos of Orlando area
foreclosures and short sales.

Ross Hudson specializes in loan modifications and short
sales in Winter Park Florida. Winter Park Loan Modification Help. Winter Park
Short Sales. Winter Park Short Sale Realtor. Winter Park FL Short Sales. Winter
Park Realtor, Orlando Realtor, Orlando Short Sale Realtor, Orlando
Foreclosures, Orlando FL Foreclosures

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Ross Hudson, Summit Properties Realty, Inc., and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ross’s personal views and do not reflect the views of Summit Properties Realty, Inc..

This information on Why A Winter Park Short Sale Is The Best Alternative To Get Out From Under An Upside Down Mortgage is provided as a courtesy to our viewers to help them make informed decisions.

Winter Park FL – We got a short sale approved yesterday. This file was a fiasco from day one. Despite the incompetence we suffered, we got the file approved thru persistent follow up. The first lender handling the file was incredibly incompetent. Their short fax number didn’t work. We mailed the short sale package to them and they lost it. We mailed it again and they finally got it.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

We would call, e-mail, and fax the short sale negotiator. He wouldn’t get back to us for 2-3 weeks at a time. (This was despite us calling and e-mailing every single day.) We finally got him to call back when we threatened to go to the press with the story.

This incompetency went on for several months. Unfortunately the first buyer got impatient and walked. Fannie Mae was the actual owner of the loan. They eventually fired the first company as the servicer and hired another company. This new company was also fairly incompetent.

Here is what was shocking! The company is a subsidiary of one of the largest information technology companies in the world. The subsidiary’s phone lines didn’t even work properly. The automated prompts went in a circle. Just goes to show how technologically advanced they are!

Finally we were about to get an approval. The short sale negotiator calls us. “I can approve the file if you do this and this”, she says. We make the changes and send them to her. A few days later she calls back. “You need to net us the same amount of money and raise the sales price”, she tells us.

She explained that the file had Mortgage Insurance and they their approval. We talked to the title company and figured out how to make the changes. Fortunately everything worked out ok. We raised the price and had the seller pay the same amount of the buyer’s closing costs. Yes, we had to get a little creative. Please note: Everything was completely legal and ethical.

Here is the point of this crazy story. Short sales are unpredictable. The lenders pile more and more files on each staff person. In my opinion, these staff are overworked and underpaid. Fortunately most short sales are not as bad as this one. If you are persistent and know what you are doing, even the bad short sales can be approved! Along the way it’s important to communicate with both the buyers and sellers and agents….otherwise they feel like nothing is happening and are tempted to give up.

Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at Ross@SummitPropertiesFL.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 407-647-1660

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Winter Park loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this blog….I hope it’s been of some assistance to you today.

Ross Hudson “Market Expert…Tells the REAL Story”

Phone: 407-647-1660. Ross@SummitPropertiesFL.com.

Ross is the broker/owner of Summit Properties Realty, Inc…And the owner of
Hudson Appraisals, Inc. in Winter Park, FL. He is a State Certified General
Appraiser with years of appraising all types of commercial/investment
properties along with lots and lots of homes! Much of the appraisal business at
Hudson Appraisals today consists of appraising houses for Fannie Mae, asset
management companies and banks, helping them out with their foreclosures. He
also is author of Foreclosure Video Blog, a blog with videos of Orlando area
foreclosures and short sales.

Ross Hudson specializes in loan modifications and short
sales in Winter Park Florida. Winter Park Loan Modification Help. Winter Park
Short Sales. Winter Park Short Sale Realtor. Winter Park FL Short Sales. Winter
Park Realtor, Orlando Realtor, Orlando Short Sale Realtor, Orlando
Foreclosures, Orlando FL Foreclosures

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Ross Hudson, Summit Properties Realty, Inc., and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ross’s personal views and do not reflect the views of Summit Properties Realty, Inc..

This information on Will your Winter Park Short Sale Realtor follow up properly to ensure success? is provided as a courtesy to our viewers to help them make informed decisions.

Winter Park FL – Some people think that short sales represent a bargain in the real estate world. Some people have said that banks sell short sales for below market value because they want to avoid foreclosure.

That isn’t true. Yes, banks do prefer to sell a property in foreclosure as a short sale. They know that short sales usually sell for more money than a foreclosure. I am sure you are wondering why. Let me explain.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

The problem is that a lot of time the BPOs are inaccurate. A former short sale negotiator called the process a “BPO Mill.” The lenders care more about cost than accuracy. If your short sale realtor doesn’t understand the BPO process, then you are at risk.

Here is what we do to avoid BPO problems. We prepare our own valuation of the property. As a licensed appraiser with years of actual appraisal experience, I provide a BPO and often a full appraisal to the agent doing the BPO for the bank. Then, if the lender declines the short sale, we ask them why. Many times it is because they think the property is worth more than it actually is. In that case, we have to appeal their BPO value.

We send them our own BPO that we provided to their agent and all the information to backup our value. Most lenders will review it. They may order a new BPO. Or, they may try to get ours “validated.” That means their valuation department will double check everything. If the valuation department agrees, then they use my BPO for the proper value.

The entire short sale process is actually fairly simple. If the short sale lender declines an offer, then you ask them why. You then have to demonstrate why they should accept the offer. If you have good data to backup your case they will re-consider. Being a professional appraiser provides just that much more credibility to the data provided and gives us a very good chance to change minds. That gives our seller a better chance at a successful short sale outcome.

We always track all the sales activity in the neighborhood and surrounding area of the property we are selling. That way we can send updated information to the lender. When we keep them up to date on what is going on in the neighborhood, they are able to make a better educated decision on the short sale.

Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at Ross@SummitPropertiesFL.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 407-647-1660

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Winter Park loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading my blog! Have a great finish to your day!

Ross Hudson “Market Expert…Tells the REAL Story”

Phone: 407-647-1660. Ross@SummitPropertiesFL.com.

Ross is the broker/owner of Summit Properties Realty, Inc…And the owner of
Hudson Appraisals, Inc. in Winter Park, FL. He is a State Certified General
Appraiser with years of appraising all types of commercial/investment
properties along with lots and lots of homes! Much of the appraisal business at
Hudson Appraisals today consists of appraising houses for Fannie Mae, asset
management companies and banks, helping them out with their foreclosures. He
also is author of Foreclosure Video Blog, a blog with videos of Orlando area
foreclosures and short sales.

Ross Hudson specializes in loan modifications and short
sales in Winter Park Florida. Winter Park Loan Modification Help. Winter Park
Short Sales. Winter Park Short Sale Realtor. Winter Park FL Short Sales. Winter
Park Realtor, Orlando Realtor, Orlando Short Sale Realtor, Orlando
Foreclosures, Orlando FL Foreclosures

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Ross Hudson, Summit Properties Realty, Inc., and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ross’s personal views and do not reflect the views of Summit Properties Realty, Inc..

This information on Can your Winter Park Short Sale Realtor beat the 80% short sale failure rate? is provided as a courtesy to our viewers to help them make informed decisions.

Winter Park FL – We have seen many instances where a short sale that should have been approved was denied. If your short sale realtor doesn’t know what they are doing, then you might get stuck with a promissory note that you don’t deserve.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here is a good example of this happening. A real estate agent had a short sale with one of the largest lenders in America. The short sale negotiator said that they would not approve the short sale unless the seller came to closing with $50k cash. The sellers said no way.

Fortunately, the agent knew that Fannie Mae owned their loan. The good news for the seller is that Fannie Mae does not ask for promissory notes or pursue deficiencies. (There are a couple exceptions, but they didn’t apply here.) If those are Fannie Mae’s Guidelines, then why would the short sale negotiator require the seller to bring $50k to closing?

Turns out the negotiator was not following Fannie Mae’s Short Sale Guidelines. The agent contacted Fannie Mae directly. Within 72 hours a supervisor called from the short sale department. This time they were singing a different tune.

The sale was approved and the promissory note waived. The seller got to walk away owing zero. Why do things like these happen? Because, in our opinion, there is little oversight over the short sale process. Nothing happens when a short sale gets rejected and sells for less as a bank owned property. No, don’t kid yourself, this happens a lot.

These short sale negotiators develop an adversarial mindset. They probably even get paid bonuses based on how much money they squeeze out of short sale sellers. This causes their ego to get in the way of what is best for the owner of the loan. If you are thinking about short selling your home, make sure your agent knows how to research who the owner of your loan is. That info will allow them to negotiate from a position of power. And it will help you avoid a deficiency or promissory note.

Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at Ross@SummitPropertiesFL.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 407-647-1660

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Winter Park loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for spending some time with me today. I appreciate how precious time is….

Ross Hudson “Market Expert…Tells the REAL Story”

Phone: 407-647-1660. Ross@SummitPropertiesFL.com.

Ross is the broker/owner of Summit Properties Realty, Inc…And the owner of
Hudson Appraisals, Inc. in Winter Park, FL. He is a State Certified General
Appraiser with years of appraising all types of commercial/investment
properties along with lots and lots of homes! Much of the appraisal business at
Hudson Appraisals today consists of appraising houses for Fannie Mae, asset
management companies and banks, helping them out with their foreclosures. He
also is author of Foreclosure Video Blog, a blog with videos of Orlando area
foreclosures and short sales.

Ross Hudson specializes in loan modifications and short
sales in Winter Park Florida. Winter Park Loan Modification Help. Winter Park
Short Sales. Winter Park Short Sale Realtor. Winter Park FL Short Sales. Winter
Park Realtor, Orlando Realtor, Orlando Short Sale Realtor, Orlando
Foreclosures, Orlando FL Foreclosures

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Ross Hudson, Summit Properties Realty, Inc., and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ross’s personal views and do not reflect the views of Summit Properties Realty, Inc..

This information on Winter Park Short Sale Help: Another short sale almost killed by lender incompetence is provided as a courtesy to our viewers to help them make informed decisions.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

The first person he talked to told him that he couldn’t buy something in bulk for a certain price. Rather than argue with her, he instead hung up and called back in.

The next person he talked to agreed to sell him the product in bulk for the price he wanted. He got what he wanted a lot faster and easier than if he had spent time arguing with the first person.

He gave another example of trying to change his account info with a phone company. The first person tells him he needs to print and sign a form. Then, he must have it notarized and mailed to the company.
The company will then change the account information. Does he willingly go along with her? No.
Instead, he hung up the phone, called in again, and talked to another rep. In just a few minutes that rep had changed the information in the computer system. Goal accomplished.

So what does this have to do with short sales?
We will use this same strategy when we negotiate your short sale. If the first person won’t give us what we want, then we will ask someone else. Now, this can’t be use in all stages of the short sale.

But, it can be used to increase our odds of success. Remember, our goal is to help you wipe out the upside down debt, get rid of any tax liability, and keep your credit intact. We might even be able to get you a $3,000 short sale incentive from your lender.

Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at Ross@SummitPropertiesFL.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 407-647-1660

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Winter Park loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading my blog today…I do trust it’s been informative and helpful.

Ross Hudson “Market Expert…Tells the REAL Story”

Phone: 407-647-1660. Ross@SummitPropertiesFL.com.

Ross is the broker/owner of Summit Properties Realty, Inc…And the owner of
Hudson Appraisals, Inc. in Winter Park, FL. He is a State Certified General
Appraiser with years of appraising all types of commercial/investment
properties along with lots and lots of homes! Much of the appraisal business at
Hudson Appraisals today consists of appraising houses for Fannie Mae, asset
management companies and banks, helping them out with their foreclosures. He
also is author of Foreclosure Video Blog, a blog with videos of Orlando area
foreclosures and short sales.

Ross Hudson specializes in loan modifications and short
sales in Winter Park Florida. Winter Park Loan Modification Help. Winter Park
Short Sales. Winter Park Short Sale Realtor. Winter Park FL Short Sales. Winter
Park Realtor, Orlando Realtor, Orlando Short Sale Realtor, Orlando
Foreclosures, Orlando FL Foreclosures

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Ross Hudson, Summit Properties Realty, Inc., and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ross’s personal views and do not reflect the views of Summit Properties Realty, Inc..

This information on Winter Park Short Sales: A technique to make short sales easier is provided as a courtesy to our viewers to help them make informed decisions.

Winter Park FL – Selling a home is part financial, part logic, and a lot of emotion. Everyone knows that feeling when you walk into the home that’s “the one”; you get that breath taking feeling, the butterflies in the belly and that instant view of your family sitting on that couch in front of the fireplace on a cool fall evening. Those are all emotional aspects and selling a home is definitely based upon the emotions of the buyer.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

When you’re selling a home you have to appeal to the emotions of the potential buyer as well as their financial desires. If your home has absolutely no furniture in it you may find that the potential buyer spends more time on trivial things like chipped paint, spots on the carpet and cracks in the plaster. They notice unmatched patches from where paintings were and the way the carpet is more worn in one area than in others. These trivial things are things that, if there were furniture in the home to distract their attention a bit, they probably wouldn’t even notice; but without furniture they stand out quickly.

Of course obvious problems like a huge crack down a wall is going to be noticed with or without furniture; but if you have all of the paintings and decorations hanging on the walls when they’re looking they’re going to see the style and accents of the home instead of the outline of where the paintings were. They won’t be seeing where the walls are faded and thinking ‘this room definitely needs painted’ and adding it to the check list of work they’ll need to do to make this their perfect home. If you have a couch and chair they’re not going to notice where the wearing of the rug may be as it’s pretty rare buyers will pull furniture out to look under and behind it. Those small paint chips at the baseboards from typical wear and tear aren’t going to be as noticeable. They’ll be busy seeing how well you fit in an entire dining room set along with a large china cabinet and a small accent table into the dining room, realizing how big it is as opposed to seeing it appear smaller and wondering if it will fit their entire dining set.

To a buyer looking at an empty room they see ‘work that needs to be done on the home’ and ‘uncared for little things’ as opposed to when they move into it seeing the house empty for the first time when they’d call these same issues a few simple fixes for the “Honey Do List”.

A room filled with furniture is much more “homey” and inviting than an empty, voice echoing house. It’s so much easier to find warm feelings and a welcoming atmosphere in a house that feels lived in with furniture and some personal surroundings. Many people actually rent furniture; staging their home to make it look lived in. Doing this puts more emphasis on the coziness of the home as opposed to the little imperfections. It’s a proven fact that a home will sell faster when it feels inviting and lived in, so it may be worth raiding your family room and doing without a few seats or renting a few rooms of furniture for a month while you have Open Houses and are trying to sell your home. You want the potential buyers to easily picture their family in your home, so making sure your house is staged to look lived in. Give the potential buyers an old fashioned, welcome home feeling the minute they walk in.

Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at Ross@SummitPropertiesFL.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 407-647-1660

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Winter Park loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

As Always….Thanks for stopping by to say Howdy. It’s much appreciated.

Ross Hudson “Market Expert…Tells the REAL Story”

Phone: 407-647-1660. Ross@SummitPropertiesFL.com.

Ross is the broker/owner of Summit Properties Realty, Inc…And the owner of
Hudson Appraisals, Inc. in Winter Park, FL. He is a State Certified General
Appraiser with years of appraising all types of commercial/investment
properties along with lots and lots of homes! Much of the appraisal business at
Hudson Appraisals today consists of appraising houses for Fannie Mae, asset
management companies and banks, helping them out with their foreclosures. He
also is author of Foreclosure Video Blog, a blog with videos of Orlando area
foreclosures and short sales.

Ross Hudson specializes in loan modifications and short
sales in Winter Park Florida. Winter Park Loan Modification Help. Winter Park
Short Sales. Winter Park Short Sale Realtor. Winter Park FL Short Sales. Winter
Park Realtor, Orlando Realtor, Orlando Short Sale Realtor, Orlando
Foreclosures, Orlando FL Foreclosures

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Ross Hudson, Summit Properties Realty, Inc., and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ross’s personal views and do not reflect the views of Summit Properties Realty, Inc..

This information on Why Isn’t My Vacant Home Selling As Fast As Others in the Winter Park is provided as a courtesy to our viewers to help them make informed decisions.

Winter Park FL – Short Sales are a situation that can often cause emotional turmoil as well as financial. It’s amazing how quick people are to judge others but times may be changing when it comes to today’s financial situations. We’re all feeling tough times. We all have seen local businesses close, people we know losing jobs they’ve had for years, and seen how the cost of living increases while the income we’re making doesn’t seem to be keeping the same pace.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Most of us don’t speak “legal-eze” and personally I’m thankful that most of us also don’t operate like some lenders. It’s hard to understand why a lender will jump at doing a Short Sale on a home as opposed to working with someone who’s done everything in their power to make right the situation they’ve ended up in, being overdue with the lender.

Many lenders somehow find it more logical to do a Short Sale than to work with the original owner and re-finance or negotiate terms that make it more reasonable for the owner to make regular payments again. Placing the overdue amounts at the end of your loan and putting you back on track seems more logical to you and I than taking a Short Sale. But then again, when does our logic seem to match the logic of most lenders?

What we have noticed though is that while we are all together in this financial mess of our economy we also seem to be more sympathetic and understanding about the situations of others. Friends and neighbors aren’t so quick to judge those who suddenly have a “Foreclosure” or “Short Sale” sign on their front lawn. People have become more sympathetic to those in their community who have been hit hard by hard times. There is no longer a scarlet letter worn by those who have hit hard times and find themselves having to give up their home via a Short Sale.

There is no shame in Short Sales. In most cases the home owners have approached their lender in every possible way, using every possible means to keep their home. Most lenders turn down every option other than literally snapping your fingers and coming up with all of the money owed instantly, no matter what the situation may be. These lenders should bear all of the shame for creating situations that don’t allow for a good, honest homeowner to maintain their dream.

A Short Sale is an option that is taken to help keep your dignity, sell your home, and have a fresh start. Many take this choice hoping to do less harm to their credit rating. Many times friends and neighbors will not only understand your situation but will respect that you’ve remained dignified through a terrible crisis in your life. Each of us understands that we are almost all only a paycheck away from being on the streets in today’s economy.

As we work together to make things better, one of the things we notice is that there truly is a lot less judging and finger pointing going on in life and a whole lot more understanding and help. The fingers are pointing to the lenders now instead.

We are here to help you understand and get through making the choices you need to make regarding a Short Sale of your home. We have the knowledge and training behind us to make your transition as smooth as possible. Most of all we will treat you with respect and help you not only make the experience understandable, but bearable. We can give you information that will give you hope and show you that the future may have a better picture ahead and even another home some day with our help. There is no shame in taking the option of a Short Sale and we are here to show you.

Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at Ross@SummitPropertiesFL.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 407-647-1660

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Winter Park loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading my blog today….I really hope it’s been encouraging and helpful.

Ross Hudson “Market Expert…Tells the REAL Story”

Phone: 407-647-1660. Ross@SummitPropertiesFL.com.

Ross is the broker/owner of Summit Properties Realty, Inc…And the owner of
Hudson Appraisals, Inc. in Winter Park, FL. He is a State Certified General
Appraiser with years of appraising all types of commercial/investment
properties along with lots and lots of homes! Much of the appraisal business at
Hudson Appraisals today consists of appraising houses for Fannie Mae, asset
management companies and banks, helping them out with their foreclosures. He
also is author of Foreclosure Video Blog, a blog with videos of Orlando area
foreclosures and short sales.

Ross Hudson specializes in loan modifications and short
sales in Winter Park Florida. Winter Park Loan Modification Help. Winter Park
Short Sales. Winter Park Short Sale Realtor. Winter Park FL Short Sales. Winter
Park Realtor, Orlando Realtor, Orlando Short Sale Realtor, Orlando
Foreclosures, Orlando FL Foreclosures

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Ross Hudson, Summit Properties Realty, Inc., and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ross’s personal views and do not reflect the views of Summit Properties Realty, Inc..

This information on Winter Park Short Sales: Should I Be Embarrassed by Doing a Short Sale is provided as a courtesy to our viewers to help them make informed decisions.

Winter Park FL – The Stop Foreclosure Institute recently received a question from James. Here is his question….

“I am upside down by $300,000 on my home. I want to move, but I am concerned about having that $300,000 debt chasing me for the rest of my life. A friend mentioned I could get it wiped out in bankruptcy.

So, here is my question. Should I short sale and then declare bankruptcy. Or just declare bankruptcy and get rid of the house in the bankruptcy? James.”

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here was our answer to James’s Question. James, here is something you don’t know. In most short sales, the upside down debt will be erased.

Yes, the banks will forgive the upside down debt. We recently had a homeowner short sale a house where their bank lost over $400,000. They received a complete release on the debt.

The debt was gone and he had no need to declare bankruptcy. Not a bad deal, no? Here is the good news for you. First, many states have laws that forbid banks from pursuing you for a deficiency after a short sale or foreclosure.

Second, most lenders do not pursue borrowers. In fact, they will specifically release you from the debt. But, every situation is different.

Talk to an experienced short sale realtor in your area to get more specifics and it’s a wise ideal to spend a few dollars speaking with a knowledgable attorney…this discussion has legal ramifications. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at Ross@SummitPropertiesFL.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 407-647-1660

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Winter Park loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading my blog! It’s very much appreciated.

Ross Hudson “Market Expert…Tells the REAL Story”

Phone: 407-647-1660. Ross@SummitPropertiesFL.com.

Ross is the broker/owner of Summit Properties Realty, Inc…And the owner of
Hudson Appraisals, Inc. in Winter Park, FL. He is a State Certified General
Appraiser with years of appraising all types of commercial/investment
properties along with lots and lots of homes! Much of the appraisal business at
Hudson Appraisals today consists of appraising houses for Fannie Mae, asset
management companies and banks, helping them out with their foreclosures. He
also is author of Foreclosure Video Blog, a blog with videos of Orlando area
foreclosures and short sales.

Ross Hudson specializes in loan modifications and short
sales in Winter Park Florida. Winter Park Loan Modification Help. Winter Park
Short Sales. Winter Park Short Sale Realtor. Winter Park FL Short Sales. Winter
Park Realtor, Orlando Realtor, Orlando Short Sale Realtor, Orlando
Foreclosures, Orlando FL Foreclosures

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Ross Hudson, Summit Properties Realty, Inc., and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Ross’s personal views and do not reflect the views of Summit Properties Realty, Inc..

This information on Winter Park Short Sale Question: Should I Short Sale Or Declare Bankruptcy? is provided as a courtesy to our viewers to help them make informed decisions.