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Oscar Morante

Most Cooperative Lenders - Loan Mod and Short Sales

Friends,

When it comes to loan mods, it is critical to know which lenders are most cooperative. Below is the list of most cooperative lenders for loan mods. This lenders are also more helpful with short sales.

If you are in the Portland Metro Area contact me at info@nwlossmit.com or 971-222-3734. I can help you with your loan modification and short sale needs.

MOST COOPERATIVE LENDERS:
· Bank of America/Country Wide*
· CHASE/WAMU/EMC
· Aurora
· Wells Fargo
· SLS**
· GMAC/Home Comings
· Wachovia
· Litton
· National City Mortgage
· Saxon Mortgage Services
· Select Portfolio Services

*Will not modify loans on investments regardless if they are occupied.

**Very cooperative with modifying 2nd mortgages

www.bestshortsales.com www.oscarpdx.com www.nwlossmit.com

Do it Your Self Credit Card Debt Settlement Seminar - Portland - Vancouver

Debt Settlement Webinar

Credit card companies settle for pennies on the dollar.

Learn how to make this happen

Sign Up

Date: Saturday October 24th

Time: 9:00am to 1:00pm (Check in starts at 8:15am)

Location: Phoenix Inn, 9575 SW Locust St, Tigard, OR 97223

Objective: Explain exactly how to settle credit card debt by your self for cents on the dollar

Presenter: Oscar Morante - Author, Realtor and debt settlement expert

Panel: Bankruptcy attorney

Real estate attorney

Credit repair specialist

Are you or anyone you know overwhelmed by unmanageable debt?

Attend this event! You will learn exactly how to solve this situation.

  • Full content event
  • Ask the experts

Seminar Description: In this event you will learn exactly how to settle credit card debt for pennies on the dollar. This is not rocket science, but if you want to do it, you need to learn. Why re-invent the wheel. You only have one shot at this. If you do it right, it will be a good result. If you do it wrong, you will lose your money and remain in debt. This event will be presented by Oscar Morante, a do it your self debt settlement expert. In addition to the main presentation, there will be a 30 minutes questions and answer session with an expert panel. The panel will have a bankruptcy attorney, a real estate attorney and a credit repair specialist. If you or a loved one is crippled by unmanageable debt, you must attend.

Seminar Outline

08:15am Start check in

09:00am Introduction

09:10am Understanding the debt situation
Why there is so much debt

  1. Not making it worse
  2. Credit rating spin
  3. Hardball situations
  4. Credit damage scale
  5. Debt elimination options
  6. Doing nothing
  7. Keep paying
  8. Bankruptcy
  9. Debt settlement
  10. Debt charge-offs
  11. Dealing with collectors
  12. Zombie debt
  13. Statutes of limitations

10:15am Break

10:30am Debt Settlement Negotiation

  1. Debt settlement time line
  2. Dealing with collectors
  3. Disifering creditor communications
  4. Word by word document analysis
  5. What is good deal
  6. Anatomy of a debt settlemet
  7. Post settlement issues
  8. Tax implications

11:30am Break

11:45am Expert Panel for Questions and Answers

  1. Bankruptcy attorney
  2. Real estate attorney
  3. Credit repair specialist

12:30am End of Panel

  1. Open to networking
  2. One to one conversations

01:00pm End of Event

Sign Up

www.bestshortsales.com, www.nwlossmit.com, www.oscarpdx.com

Download Free HUD-1 Settlement Statement - Limited time offer

Pear District Short Sales & Bank Owned - Portland, Or 97209

Pearl Map

Hi, this is Oscar. I have been in Portland for already 16 years. This is a great place to live. Do you want to move here? Right now is a good moment. I know PDX like the palm of my hand. I moved to Portland in 1994. I officially came for two weeks. One thing led to another, and here I am, established and happy. Most likely I will be hear many more years.

My first job in Portland was in downtown. At that time, if you were cheap, and not wanting to pay for parking, you parked in the dirt and gravel streets of what now is the Pearl. At that time, if you parked there, you should not be a women walking by your self at night to your car, mind if the car was broken into or see plenty of homeless. What a change! Now the Pearl is the an entirely different world. Now, as an agent, I am dedicated to saving homeowners from foreclosure, and getting buyers the best possible deal.

To me, the best place in The Pearl, by far is the 24 Hour Fitness. Below is the map to it. I have been going to this club since I moved to Portland, in 1994. If you are into fitness, making friends and then socializing, this gym is hard to beat. I have been to 24 Hour Fitness facilities literally all up and down the I-5 corridor, from Bellingham to San Diego. The Pearl is my favorite.

Although a little overpriced for my taste, I enjoy the Pearl better than ever. However, the Pearl is great. I myself am looking for the right deal. If you are interested in a property, and have a little bit of patience, you can get a great deal. Right now we are experiencing a surge of bank owned and short sale properties. This area is not as affected as others, but the prices have definetly come down. So this is the situation: With the right strategy you can get a really nice Pearl property at a great price.

Call me at 971-222-3734 or email me at info@arecllc.com. This is how it works. I will help you get qualified for the best possible loan. Then, methodically, through a unique strategy I have developed, I will locate the right property at a great price. I am an expert in short sales and bank owned. You don't have to re-invent the wheel.

Want a great deal in the Peal District?

Call Oscar at 971-222-3734.

info@arecllc.com

www.bestshortsales.com, www.nwlossmit.com, www.oscarpdx.com

Download Free HUD-1 Settlement Statement - Limited time offer

Best Deals In Portland Area Bank Owned Foreclosures

Right now the inventory of distressed properties in the Portland area is huge. If you want to get a good deal, right now is a good moment. The reason is simple: Great Prices and Fantastic Interest Rates. If you area in Portland or Vancouver, looking for a great deal call me at 971-222-3734. I can definetely help you. You can also reach me at info@arecllc.com. My web site is www.OscarPDX.com

Getting Great Deals in Short Sales and Bank Owned (REO) Properties

A Good Deal is a Good Deal: Just because a property is in a short sale or is a bank owned foreclosure, it does not mean the property is a good deal. A good deal is a good deal. Generally speaking, a good deal is a property significatly discounted. So much so, that even if there is depreciation, it is still a good deal.

What Constitutes a Good Deal: A good deal always has to do with the property been acquired at a discount. However, there more to it. Below is what I consider the main matters that make a property a good deal.

  • Property obtained at a great discount in comparison to the neighborhood.
  • Property obtained with great financing.
  • Property with both of the above.
  • Great, unique property obtained at a good price and good financing. For example a great property in a fantastic neighborhood and location, at a pretty good price, and with pretty good financing.

How to Get a Great Deal: There are several ingredients to getting a great deal. I can guide you for this.

  • Work with a great professional,
  • Be ready to close
  • Make lots of offers
  • See the numbers prior to seeing the house

How I Can Help You: I will help you select a range of properties that fit your needs and budget. Based on that we will do plenty of offers at what will be a great price. After your offer is accepted, I will quide you for the quickest possible closing. Experience matters. Are you interested in a great property at a fantastic price? Call me at 971-222-3734

www.bestshortsales.com, www.nwlossmit.com, www.oscarpdx.com

Download Free HUD-1 Settlement Statement - Limited time offer

Documents Needed for a Short Sale

A short sale is a transaction in which a homeowner sells a property for less than what is owed, the lender takes a loss, and any unpaid balance is forgiven. For this to happen, a set of documents is needed.

Main Documents:

  • Purchase and sale agreement. This is the accepted offer. This document is evidence that, under a certain set of conditions, the owner is willing to transfer ownership of the property to the buyer. Of this set of conditions, purchase price and possession date are the main focus. The purchase and sale agreement needs to be well-executed. To be legally binding, it must be signed by all who claim ownership of the property.
  • Hardship Letter. This is a personal letter, from the homeowner to the lender, explaining the reasons for being unable to continue paying the mortgage. This is a critical document. To be effective, it must clearly state the situation, show concern, and demonstrate that the homeowner is taking action for the problem to be resolved. It is best if this note is hand written and not very long.
  • Homeowner's financial statement. This is a worksheet presenting all income, assets and liabilities. The homeowner and all co-borrowers must be included.
  • Latest two bank statements. If the homeowner has more than one account, all the statements must be presented.
  • Latest two pay stubs. If the homeowner has more than one job, all the stubs must be shown. Unemployed homeowners must present the latest available. Self-employed individuals can provide a profit and loss report.
  • Last two years tax returns. Often, homeowners in foreclosure have missed filing their taxes. In this case, present the latest available and write a personal note to the lender explaining the situation.
  • Last two years W-2s. Employers provide this to employees and the IRS every year. Provide the latest available.

Supplemental Documents. In addition, if relevant and available, the following documents are very useful. In some instances, they are absolutely necessary.

  • Death certificate
  • Divorce decree
  • Incarceration decree
  • Bankruptcy discharge letter
  • Relief from stay
  • Proof of disability
  • Insurance claims
  • Police reports
  • Court approvals
  • Anything that may be useful

Additional Documents. Once in contact with the lender, these two additional documents will be needed.

  • Listing agreement. Often lenders want to make sure that the property is listed or has been listed by an agent. This is a must for real estate agent commission allowance.
  • HUD-1. This is the RESPA compliant settlement net sheet. RESPA stands for Real Estate Settlement Provisions Act. It shows who gets paid what, and how much. This document shows the main thing the lender wants to know: How much the lender will get.

These are the documents needed for a short sale to be negotiated. The more complete, the better. The degree of what is acceptable varies from lender to lender. Some lenders are more demanding than others. Have all these documents. The short sale will go a lot smoother.

www.bestshortsales.com, www.nwlossmit.com, www.oscarpdx.com

Download Free HUD-1 Settlement Statement - Limited time offer