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1. How To Get A Foreclosing Lender To Change Their Short Sale Acceptance Letter!
2. How to Deal with a Demanding Short Sale Negotiator!
3. What

Okay, so some reports are floating around the web today that GMAC has put a kibosh on all foreclosures, both pre-foreclosure properties and bank-owned properties on the market.

The reports are stemming from a memo telling GMAC to have all brokers and agents stop everything in its tracks.  No more evictions, no more cash for keys, and even giving the earnest back to buyers in contract on properties.

According to other articles I’ve read, GMAC only wanted to audit their…

On this week’s Preforeclosure Daily Grind “Tip of the Week” we dive into the latest and greatest challenge when dealing with a Servicer (Lender) who goes against their Investor (the entity who owns the money) and their written guidelines and how to overcome it. We also cover the latest updates to our Real Estate Management Tool that will save you a lot of money, a deal in which we’ve had to go over a lenders head and straight to…

Seems like this week has barely started and I have enough lender short sale and loan modification fodder to make me dizzy.  Those of us in the field assisting homeowners through a foreclosure alternative are always butting our heads against lender policies that seem to make no sense.  You’ve seen it: homeowners with a true hardship are put through more hoops than necessary, banks want more than the property can ever be sold for, second mortgages want to squeeze blood…