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What’s Your Best Chance To Sell Your Home in Today’s Market?  The Answer Below May Surprise You.

A short sale can be difficult if you go it alone.  Learning an effective and efficient way to accomplish that goal of short selling your home is a much needed skill, wouldn’t you agree?

The single biggest complaint homeowner has is knowing how the short sale process works, and if the short sale will stop the foreclosure process.  The answer is the short sale stops the foreclosure process only after a buyer with an offer.

As a homeowner who is facing the scariest and worst market for selling a home in decades it is important to have a guide along the way that help you understand what will or will not happen when and if you get a buyer for your home.  It is important to remember that a short sale means that the lender is willing to accept less than what you owe, so price your home aggressively. 

As a homeowner, it is reasonable to want to understand the tax laws to avoid capital gain or loss.  It is equally reasonable for a homeowner to want to be able to sell his or her home before the sheriff sale. 

As a homeowner, the short sale and the pending foreclosure can become overwhelming.  In order to make the short sale an easier process it is important to understand the process and the options and choices that the homeowners have during the process. 

There is an amazing new book “Should I Short Sale My Home.”  It covers nearly everything you need to know about the short sale process and the effects the sale has on your federal income taxes.  It also gives you the secret formula that your lender uses to approval or deny your short sale.

Imagine knowing how to get your home sold before the sheriff’s sale.  Would that be nice?  And can you imagine how great you’ll feel to have a clear and precise package to present to the lender to get the home sold before it is foreclosed on.  Imagine learning a little known technique that will give you an additional 45 to 60 days to find a buyer to sell your home too.

Just a few minutes from now you will understand what a short sale is and what happens if you are an insolvency homeowner who sold your home in a short sale.

Did you hear that sold your home in the short sale?  Some homeowners list their home and it does not sell before the foreclosure, and the homeowner do not understand why the home did not sell.

And it’s not like any book you may have read on short sale of home before foreclosure, the book gives you all of the recent changes to the law that helps the insolvent homeowner and helps the homeowner understand the process of the short sale.

Why?

Simply, every section in the book is there because you asked for it.  Well, not “you” really.  But from real live questions.  Questions from people who have tried to sell their properties and sold their properties using a short sale, and the homeowner wants to make sure all the capital gain or loss is not going to negative affect him or her at tax time.   Questions from homeowners who wanted to know if they can ever own a home again after selling their home using a short sale.  In other words, a face to face question and answer section was completed.

And imagine selling your home before the sheriff sale.  You can definitely do that.  Imagine being in control of selling your home.  Some homeowners are able to buy a home in 4 to 6 years after the short sale.  Not bad just for selling your home before the sheriff sale, huh?

·        You can save your family from the embarrassment of the foreclosure process

·        You can save on federal income taxes by proving that you are insolvent due to job loss, medical bills, etc.

·        You could save your credit from the foreclosure

Would that be a great lifestyle or what?  That’s what this brand new book gives you the knowledge of the short sale process and the hope of selling your home before the sheriff’s sale and being able to purchase a home in the future. 

To get your paperback copy today for only $15.00 click on this link and get a downloadable copy for $8.00 of  “Should I Short Sale My Home”  http://www.lulu.com/content/paperback/shouldisalemyhome/6381193

• How to Get Your Home Sold Faster By Following Checklist Selling a home can be complicated.   The seller must ensure that the home is ready to be sold.    The following is a basic checklist you must always refer to when trying to get the home sold.  The number one thing is that the seller must ensure that the home is ready to......
• Buying a Home Has Never Been Easier for Illinois' Veterans The Illinois Housing Development Authority is willing to help any armed service person to purchase a home if he or she has one thousand dollars in saving to apply towards the purchase of a home. The program is called "G-I Loans for Heroes".  The serviceperson would, however, have to have......
• Real Estate Headlines Never Tell the Whole Story Have you seen in the not so recent past headlines like "Will real estate survive, market at its lowest decades," or "Real Estate bubble burst"? Those headlines send chills down both buyers and sellers spines.  Buyers just did not buy and sellers did not sell.  Sellers did not sell not......
• Get Your Copy of "Should I Short Sale My Home"           Click this link http://www.lulu.com/content/paperback/shouldisalemyhome/6381193 From: The Desk of Serena Brown, 4:33pm   If you are interested in selling your home using a short sale then learning an effective and efficient way to accomplish that goal is a much needed skill.   The single biggest complaint......
• Common Myths about Foreclosure The myths that people believe will save their homes from foreclosure are: ignoring it investors listing with a realtor filing bankruptcy refinancing Myth 1 Ignoring the problem Ignoring the problem is definitely not the way to handle the dilemma of foreclosure.  Ignoring increases the chance of the homeowner getting thrown......

• Should I rent a home? This article is part of the Ask the M-Network series.   Sheila asks: We're selling our house and moving to a new city. With the real estate market in such a downturn, would it be wiser to rent for awhile until either the market gets better or we can decided......
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• Is it a Sales Letter or a Corporate Blog Post? One of the most common mistakes that corporate blog owners make is turning their blog into a glorified sales letter. While there is a place for sales copy on a blog, it should only be used when absolutely necessary, and never as the main form of communication. No one really......
• Real Estate Foreclosure and Your Mortgage Financing Options Foreclosure is one of the risks involved in engaging inbusiness or owning a property if financing comes from alender which can be a bank, an institution, family andfriends and any agencies that can provide the neededamount. Owning a home is one of the needs that mandesires to fulfill but with......
• Selling Your Home? Make Sure It’s Listed Online Because of job-losses and untenable adjustable-rate mortgages, many consumers that previously thought they could afford the home that they bought are realizing that they can no longer to keep the home that they own. Many people in this situation have decided to put their home on the market and attempt......

With the foreclosure rate skyrocketing like never before and the onslaughter of more foreclosure to come, it may pay to invest in Realty Trac’s new product for renters.  Realty Trac’s new product for renters was launched today, www.renters.realty.com.  This site according to Realty Trac was developed to reduce “unexpected evictions of good tenants who are paying their rent on time.”

If you are a renter and suspect that your landlord is not paying his/her mortgage, a subscription to Realty Trac for renters may not be a bad idea.  Visit www.renters.realtytrac.com and http://www.foxbusiness.com/story/realtytracr-launches-new-renter-foreclosure-alerts/# for more details. 

No word from Realty Trac on what the renter can do once they are armed with this information; however, stay tuned there may be some new legislation developed because the data is being collected by Realty Trac.

Originally posted 2009-04-01 07:42:55. Republished by Old Post Promoter

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To get the forms needed for filing your property tax appeal visit
for Form 130 also called Form 11 CI www.in.gov/icpr/webfile/formsdiv/21513.pdf

For Form 11 RA visit http://www.in.gov/ibtr/files/DavidandPatriciaSullivan.pdf

For Form 113 visit http://www.in.gov/icpr/webfile/formsdiv/46725.pdf

Below is a video for filling out the form if your property is located in Porter or La Porte County:

If you need additional information or need the form, please email Serena at snorbrown@yahoo.com

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Originally posted 2008-12-28 16:10:20. Republished by Old Post Promoter

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Have you dreamed of living near the beach all year?  Imagine owing a five bedroom and 2.5 bathroom home that your family can use as its permanent vacation home.  Just $45,000 gets you that dream and much more.   The address of this much see gem is 518 N. Miami Place Gary, IN 46403. 

List Price $45,000       518 N Miami Place Gary, IN 46403

Make your appointment today before it is gone.  Call Serena at 219 803 4489 or email her at taylorbrownrealestate@yahoo.com.

• Get Your Copy of "Should I Short Sale My Home"           Click this link http://www.lulu.com/content/paperback/shouldisalemyhome/6381193 From: The Desk of Serena Brown, 4:33pm   If you are interested in selling your home using a short sale then learning an effective and efficient way to accomplish that goal is a much needed skill.   The single biggest complaint......
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Green or environmentally is no longer a fad it is a reality.  We are slowly approaching our very own “George Jetson” era.  In order to save money on your utilities an maybe your health care insurance, it maybe worthwhile to consider going “green”

New York City has taken to the concept of green or “eco friendly household” by storm.  There are furnished two bedroom condos “with nontoxic partially recycled or otherwise sustainable decor available for rent.

The rent for these environmentally efficient apartments and/or condominiums start at $2,500 to $7,500 a month.  The amoun for rent vary based on how many bedrooms with the studio been on the low end and a three bedroom being on the high end.  There is a thousand dollar increase if you upgrade from a studio to an one bedroom.  If you need a two bedroom, add another two thousand to the price of the one bedroom apartment.

Interestingly enough because of the concept of “green” is new, appraisers still are not certain if having an “eco-friendly” property will add to the long term value of the property. 

Despite the higher rent, most tenants reported savings on utilities that makes paying the higher rent worthwhile.

If you have allergies, astma, or simply want to save on your utilities it may be worthwhile for you to consider converting your home or finding a rental property that is “eco-friendly”

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With the uncertain of the financial arena laying in the balance of federal amendments and other legislature, a potential buyer may be wondering if homeownership is within his or her reach.  Any Realtor would answer a resounding, “Yes.”  However, as a consumer you may be wondering, why?

A Realtor would go on yammering about the consumer receiving a stake in the American’s dream, but it is more than that.  Yes, an accountant would speak of tax write offs.  Still yet, it is more than that.

The true reward of homeownership is the pride that a person has in calling a piece of land, a house, a mobile home, a manufactured home, “home”.  “Home is where the heart is”, the old adage says.  However, nothing is more satisfying than seeing a potential buyer finding a place that he or she wants to call “home”. 

It is the gleam in the buyer’s eyes when the buyer finds that the property that is unmistakable “home”.  There is joy and excitement. 

Yes, homeownership is what most American’s goal is, but what happens when tragedy takes that away.  Does the homeowner give up on achieving that again?  Unfortunately, the answer may be, yes?  It seems there are more and more road blocks to the homeowner, one, keeping his or her home, and, two, getting a new one if tragedy strikes and the homeowner has to lose his or her piece of the American’s dream.

Slowly, the powers to be are realizing that no matter the circumstances people need a home.

Your local and especially National Association of Realtors understand the plight of the consumer and are lobbying on your behalf not to save a livelihood but to save something more precious your right to dream.

Originally posted 2009-04-12 05:03:11. Republished by Old Post Promoter

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This diamond in the rough is what you have been looking for to add to your real estate portfolio.  It does need a little tender loving care, but you will be happy with the results.  Make your appointment today.  The property is located at 3695 Connecticut Gary, IN 46409.

Motivated Seller

Make any reasonable offer

Listed for $17,500

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As a buyer, you are excited because you have a pre-approval letter, but what does the letter mean?  The pre-approval letter is determined by looking at your income to debt ratio true enough; however, are you aware that all your debt is not concerned.  What debt you ask?  The light bill, water bill, phone bill, grocery bill, cable bill, clothing bill, etc. and those bills can be more depending on where you live.

Now that puts the pre-approval letter into a new prospect doesn’t it?  Don’t get discourage.  Just do your homework.  Buy where you are alright comfortable and be patience.  With this market being a buyer’s market, you will find a home that is your comfortable range.

Next, you must determine what type of loan you want an adjustable rate or a fixed rate.  The difference is that the adjustable rate will do just that adjust and a lot of time it is not down, but up.  If you choice the adjustable rate, find out what the maximum rate is and determine whether you can afford the adjustment.  The mortgage broker and/or your Realtor can show the difference in payment. 

The fixed rate is just that fix.  The rate will stay the same for the life of the loan.

Now, what can change besides your rate is the taxes and insurance. 

With the taxes, you can head off this change by filing for your homestead and mortgage exemptions.  By the way, these exemptions are only for your primary residence, the one you live in.  You can file for these exemptions within 30 to 45 days of closing that should be long enough for the title company to get the property in your name.

With the insurance, the premium that you pay when you purchased your home may change by renewal of the policy.  Therefore, three months prior to your renewal of the policy call your agent to see what your new premium will be.  Your renewal date will be the anniversary of the day you purchased the home.  If the premium goes up more than $100 dollars start shopping.  Now keep in mind your credit now influences your insurance premium and any claims that you may have filed the previous year.  Your present agent can make some adjustment to your present policy to decrease the premium and it may be worth asking for those adjustments before moving to another company.  The insurance agent can adjust your replacement cost.  What is replacement cost?  Replacement cost is the cost it will take to rebuild your home if it was completely destroyed.  The most that your premium can be adjusted is within 80% of the replacement cost.  For instance, if your replacement cost is $100,000, then the lowest you can adjust your replacement cost is $80,000.  The replacement cost adjustment must be able to pay off your present mortgage, and hopefully enough to build you another home but in most cases it will be enough to start. 

Please consider these facts when you are looking at your pre-approval letter and smiling ear to ear with joy.

Originally posted 2008-11-29 11:04:02. Republished by Old Post Promoter

• Is Identity Theft the New Threat to National Security? More often than not, an individual experiences an invasion to something that we all hold dear, our identity.  An alerting statistic in 2008 stated that identity theft cases have increased by 22 percent.  That fact does not disprove the theory or common knowledge that identity theft will replace terror threats......
• Do You Sincerely Want to Avoid Foreclosure? There is renewed hope for homeowners in default on their mortgage.  The program started October 1, 2008 and will end September 30, 2011.  The program is called Hope for Homeowners Program. The homeowner can get a 30 year fixed rate mortgage from the Federal Housing Administration (FHA).  The program is......
• Good vs Bad in the Real Estate Market Real estate has had several changes in the last couple of years.  Are those changes for the better or worse? In most cases, those changes have been for the better.  Despite the tighten of mortgage qualification for getting a loan, a homeowner can rest assure that they can afford the......
• What's Your Best Chances To Make Money in Real Estate Today? The Answer May Surprise You With any investment that you make your goal is to make money.  In today's market, you can make money by offering rent to own. With rent to own, you are still the owner of the home, but the occupants have equitable interest in the home just as your mortgage company......
• Consider Your Federal Income Taxes When Buying a Home Can you believe that buying a home is a big financial decision?  Can you guess why?  Did you know that the purchase of a home can affect your federal income taxes?  How you ask?  Let's examine. In recent years, many mortgage brokers have convinced buyers to commit to large loans......

• Ford Offers Employee $50,000 To Leave Photo courtesy of hyku Near the end of the first hour of the February 23 Dave Ramsey radio show, a Ford employee (Mark) called in with a dilemma.  Ford has offered him an "entrepreneur" buyout package with a $50,000 lump sum payment plus free health insurance for the next......
• Ack! I forgot to pay a bill I have all of my bills and almost every single one of our joint bills set up to be paid automatically. Some are automatically charged to my American Express; others are automatically withdrawn from our checking account. This is because I do not like paying bills, and I have a......
• Finding The Most Profitable Home-based Business Opportunity Have you been trying to achieve success in your Multi-level Marketing Business because you believe you have the best products offered in your particular niche? Have you found little success so far? Here are a few attributes one needs to be successful with your Work At home Business opportunity: Being......
• Lost Your Job? Get Free Drugs! Alright, before I get some crazy comments or emails, I am talking about prescription drugs. Today, Pfizer announced that it will provide over 70 of their most popular drugs for free to those who have lost their jobs and health insurance. These prescriptions include some of their more popular drugs......
• My Blog's Three Month-aversary (Giveaway!!!) So today is my blog's three month anniversary! I've recently moved it over to Dreamhost and was just approved for BlogHer's Ad Network. Apparently being three months old makes me a legitimate blog an all that. Here's to legitimacy! This far, I have 145 posts and 625 comments. :) I......

     If you feel that you qualify for a short sale contact the loss and mitigation department for your lender.  Once you contact the lender’s loss and mitigation department ask for a short sale package.  Most lender have financial forms that the lender needs filled out.   In order for the short sale to be successful, the home must be listed. Contact a Realtor that is skilled with working with short sales. 

     A complete package consist of:

• financial documents from the seller/owner.  I am sure, as a seller/owner you may be wondering what is included in the financial documents.  The items are:

                                                       1. W-2 or 1099

                                                       2. pay stubs

                                                       3. lender financial documents (This document is a written verison of above information ie listing of income, name, address, phone number, etc)

                                                       4. authorization letter (allows the Realtor to speak to lender on your behalf)

                                                      5. hardship letter from seller/owner (this letter will explain why the seller/owner got behind on payment of mortgage)

• listing agreement with brokerage
• purchase agreement

                                                       1. purchase agreement must have proof of funds whether it is a pre-approval letter from a lender or proof of cash to purchase the property

• HUD-1  The HUD-1 is a settlement statement that itemizes all the charges for both the buyer and the seller.  This documents gives the lender an overview of funds needed to sell the property.

     Armed with the above information, the lender makes a decision on the offer that the buyer submitted.  Remember a short sale allows the seller/owner to avoid foreclosure.  The short sale also is often less than what the seller/owner owes to the lender.  It also allows the lender to prevent holding cost, attorney fees, etc. Holding cost for the lender is preservation of the asset or home until there is a buyer.  To preserve the home, the lender must secure the home from theft, keep the plumbing from freezing and bursting, etc.

Originally posted 2008-12-21 11:14:05. Republished by Old Post Promoter

• What is a HELOC? Before we discover why the home equity loan must be an adjusted rate loan and discover more about how the money merge account can make us financial free. I felt it was necessary to address several responses and comments about the money merge account. There has been a lot of......
• What To Look For In Income Property? Determine If Being a Landlord Is Right For You Once you determine that being a landlord is right for you by understanding the market, learning the climate of the rental community, learning the neighborhood or neighborhoods that the potential income property is in, and understanding your finances to include vacancy rate.  Then, the......
• Water/Radon Can Cause Cancer Did you know radon can enter your home through water?  What water?  Ground water and well water are the water sources that can cause radon to enter your home.   In other words, radon can enter your home from the ground.  Why should you be concern?  Well, if you have a basement it is......
• Even Fannie Mae is Time Conscience The number of homeowners in default has led Fannie Mae to experiment with a pre-approval process for a short sale prior to getting an offfer on the property. If this test works, it will reduce the time necessary to get the short sale approved and make the concept of a......
• Tips on Choosing a Mortgage Broker According to statistical data, it is believed that the greed of mortgage brokers created the foreclosure crisis.  The reason mortgage brokers are being blamed for the mortgage crisis stems from the incentives offered to them to be advocates for "toxic loans and yield spread premium."  In other words, greed is the callous......

• The Friday gathering - Updates and cell phones I've received a number of emails from readers asking about the status of our move. First let me say thanks. I am always overwhelmed at how much you guys care about my life and what's going on. I also have a number of reader's who've said they are praying......
• 9 Thing I've Learned Being a Bank Employee I started working for a bank after graduating from college last year. My job gives me the opportunity to work with all the areas of the massive bank. Because of this I've learned a lot about how the bank works behind the scenes. Its thousands of people in a......
• Parkway Lake Parkway Lake   Parkway Lake is located in: San Jose, CA Phone: (408) 629-9111 About the Lake: Considered to be one of the finest lakes in the area, this is a great place to spend a relaxing weekend. The fish here are really incredible and this one of the......
• Antiques and Collectibles At the thought of collectible home décor, one can easily conjure up a number of images, including images of memorabilia, art deco paintings and accents, cartoons, games, toys, videos, calendars, comics, clothing, posters, accessories and a wide variety of other antiques and collectibles that can be used as décor within......
• Creating an Agreement for you and your children... I agree to not give out personal information such as: my address, telephone number, parents’ work address/telephone number, or the name and location of my school without my parent’s permission....

Birthday wishes goes out to the writer and publisher of this blog, Serena Brown.

Happy 40th.

• Investors Have Options As a real estate investor, it is recommended that you keep abreast of market trends, latest news, and economical insight.  Therefore, I recommend learn those trends by following this blog and following National Real Estate Investor.  At the  National Real Estate Investor's site you can get a subscription and/or get......
• The Price We Pay to Watch Television Wow, we are on the edge of another technology upgrade.  One may be wondering if it is necessary to convert alll television viewing from analog to digital?  I am not sure we have a choose in the matter.  A of June 2009, all television stations will stop transmitting analog signals. ......
• What Has the IRS Done For Me Lately? Paying Taxes Does Good For Us Typically, when most of us think of the IRS, we get an unpleasant taste in our mouth or a pain in our stomach, but we do not think about what paying taxes provide for us.  The Gov Gab  blog did a great article http://blog.usa.gov/roller/govgab/entry/thanks_to_the_folks_at about......
• Get Ready to Move Out of Lake County The recent action or inaction of Lake County's officials caused the Governor to take controversial stand against Lake County that may cause the tax payers of Lake County to pay higher property taxes.  Governor Mitch Daniels is quoted as saying, "the government reforms will move forward, even if it means......
• You Will Love Atomic Blogging If You Want to Start a New Blog Atomic Blogging opened my eyes to the realization that my blog can grow and promote my business at the same time.   I learned how to increase traffic to my site through utilizing article directories and social networking.  Not only did the book explain what article directories and social networking can......