Israel Gonzalez CDPE

Homes in Hollister CA – The Stop Foreclosure recently received a question from Georgia. Here's her question.

"When the bank says the file should be going to an investor soon, what does that mean?~ Georgia E."

Discover how other sellers successfully executed a short sale to avoid foreclosure by clicking here.

Here is the answer. It means that whoever ultimately owns the loan will make the decision. For example, you might be negotiating the short sale with Wells Fargo. However, Wells Fargo may not own the loan. (Around 80% of all the loans it services are owned by someone else.)

Wells Fargo will take all the short sale documentation and send it to the actual loan owner. (The actual loan owner could be anyone from Fannie Mae, Freddie Mac, Goldman Sachs, a pension fund, or another Wall Street entity.) That loan owner will review the short sale file itself. Then it will either approve the short sale or deny it.

If the loan owner denies it, usually the loan owner let you know why. Then you can find out the reason it denied the short sale and re-apply. Often it wants more money for the house, a missing document or some other item.

It's a popular misconception that banks own all the loans they handle. Little do most people know that most loans have been sold to a third party.

Many experts agree this was actually a good thing because it spread the losses across a lot of different people in the economy. If all the losses have been with three to four large banks, then those banks would have experienced crippling losses.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at israel@ighomes.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 (831) 636-8858.

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

Thinking about a loan modification?Our Hollister loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail to israel@ighomes.com to request a Free Copy.

Or, click here to request a copy.

Thanks for reading this.~Israel Gonzalez.

Israel is a Real Estate Agent at Beale Properties.

Phone: (831) 636-8858. israel@ighomes.com.

View My homes for sale at www.bestREOhomes.com.

Israel Gonzalez specializes in loan modification assistance and short sales in Hollister California. Hollister Loan Modification Help, Hollister Short Sales. Hollister Short Sale Realtor Hollister CA Short Sales. Hollister Realtor.

Important Notice

Israel Gonzalez, Beale Properties, 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 Gonzalez's personal views and do not reflect the views of Beale Properties.

This information on "Homes in Hollister, CA: What Does It Mean When the Bank Says the File Is Going to Investor Soon?" is provided as a courtesy to our readers to help them make informed decisions.

Homes in Hollister CA – How do foreclosures, loan modifications or short sales affect a credit score?

Your credit score will be affected by late mortgage payments and a short sale. However, there are two things considered horrible on your credit report. Those two are items are foreclosure and bankruptcy.

Discover how other sellers successfully executed a short sale to avoid foreclosure by clicking here.

A foreclosure or bankruptcy will almost immediately lower a credit score by around 100 to 120 points. (The number is not hard and fast: it all depends on what the score was before the foreclosure and other factors the credit bureaus don’t like to share.) The way they write the algorithm, a foreclosure will keep pushing your score down for the next two years! A foreclosure can also stay on a credit report for seven years.

Short sales are different from foreclosures. Short sales and loan modifications by themselves do not hurt a credit score (depending on how they are reported). It's the missed payments that ding your credit report.

How a short sale is coded/reported to the credit reporting bureau does make a difference in the effect it has on your score. It could be reported as a charge-off, a 120-day late payment, or a settled account. Any of these are dings on the credit report, averaging 100 points.

Here's the good news. The way the algorithm is calculated will damage your score for a shorter length of time than the two years a foreclosure does. How a short sale is reported to the credit bureaus is something that can be negotiated as part of the process of the sales negotiations. Good negotiators can have a positive impact here.

But in the end, the credit score should not be the first thing to consider when facing the decision to short sale a home. You need to look at what is best for your family financially. The credit score is secondary to that. Get advice from a trusted source and then make an informed decision.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at israel@ighomes.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 (831) 636-8858.

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

Thinking about a loan modification?Our Hollister loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail to israel@ighomes.com to request a Free Copy.

Or, click here to request a copy.

Thanks for reading this.~Israel Gonzalez.

Israel is a Real Estate Agent at Beale Properties.

Phone: (831) 636-8858. israel@ighomes.com.

View My homes for sale at www.bestREOhomes.com.

Israel Gonzalez specializes in loan modification assistance and short sales in Hollister California. Hollister Loan Modification Help, Hollister Short Sales. Hollister Short Sale Realtor Hollister CA Short Sales. Hollister Realtor.

Important Notice

Israel Gonzalez, Beale Properties, 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 Gonzalez's personal views and do not reflect the views of Beale Properties.

This information on "How Will a Hollister Short Sale or Loan Modification Affect My Credit Score?" is provided as a courtesy to our readers to help them make informed decisions.

Homes in Hollister CA – If the right decision for you and your family is to sell your house as a short sale, the sale will have an immediate effect on your credit score.

Discover how other sellers successfully executed a short sale to avoid foreclosure by clicking here.

You might feel like it's just overwhelming and demoralizing to see your credit score take any more hits. But here's the silver lining: according to most experts, 78% of Americans have ERRORS on their credit score.

Why is that a silver lining? If you have negative errors on your report that get fixed, that will be of benefit to your score. Average people can, on their own, take steps to repair and restore their credit report/ credit score after a short sale.

Here's how to avoid any double whammies during and after your short sale. Follow these simple steps.

1. Review your credit report. I recommend this site: https://www.annualcreditreport.com/cra/index.jsp.

Don't go to any of those "free credit report" sites. After you get the report, review everything on it. If you see anything that's negative, inaccurate or questionable, make a note of it. On your list, write down why you disagree with that item on your report.

2. Write letters to the different credit bureaus about what you are disputing on your report. There are several sample letters available online: http://www.creditinfocenter.com/forms.

Here's a simple tip: DO NOT use the online dispute forms found on the websites of the three credit reporting agencies. Write your own letter and make it short, firm and demanding of action.

3. Mail your letters to the credit bureaus through either registered or certified mail. This is what sets the clock for them to correct issues. The law lays out a timeline they have to follow (45 days). Further, this gives you a record of the mailing, too.

4. Keep a file of all you have done, including dates. Then track your results also.

5. When you've gotten back responses (or if 45 days pass and you haven't gotten responses), it's time to repeat some of the process again for some item or another on your report.

If you're diligent and proactive, you might just surprise yourself by the benefits you can see on your credit report – even after your short sale!

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at israel@ighomes.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 (831) 636-8858.

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

Thinking about a loan modification?Our Hollister loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail to israel@ighomes.com to request a Free Copy.

Or, click here to request a copy.

Thanks for reading this.~Israel Gonzalez.

Israel is a Real Estate Agent at Beale Properties.

Phone: (831) 636-8858. israel@ighomes.com.

View My homes for sale at www.bestREOhomes.com.

Israel Gonzalez specializes in loan modification assistance and short sales in Hollister California. Hollister Loan Modification Help, Hollister Short Sales. Hollister Short Sale Realtor Hollister CA Short Sales. Hollister Realtor.

Important Notice

Israel Gonzalez, Beale Properties, 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 Gonzalez's personal views and do not reflect the views of Beale Properties.

This information on "How to Preserve Your Credit during a Hollister Short Sale" is provided as a courtesy to our readers to help them make informed decisions.

Homes in Hollister CA – It always amazes me how some people will do anything to have perfect credit. They would rather go hungry than risk harming their prefect credit rating.

A good example is a guy I will call Seth. Seth has perfect credit. He's worked to keep perfect credit for the last 12 years.

Discover how other sellers successfully executed a short sale to avoid foreclosure by clicking here.

Seth has several credit cards with high balances. He ran the balances up when the economy was strong. Today he can barely afford to make the minimum monthly payments. However, Seth was recently turned down for a car loan, despite his perfect credit. Why did that happen?

Seth can barely afford to pay the minimum monthly payments on his credit card debt. If he pays them, he can’t afford a car payment.

His family needs a car more than perfect credit. In my opinion, he should stop paying the credit cards. He should use the income he does have to take care of his family.

Having a car is more important than perfect credit. If they don't have a car, it will disrupt his work. If that happens, his income could drop even more. Then he won't be able to afford the credit card payments anyway.

Besides, there are ways he can repair his credit later after the economy has recovered. At least he will be able to afford living expenses in the meantime.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at israel@ighomes.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 (831) 636-8858.

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

Thinking about a loan modification?Our Hollister loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail to israel@ighomes.com to request a Free Copy.

Or, click here to request a copy.

Thanks for reading this.~Israel Gonzalez.

Israel is a Real Estate Agent at Beale Properties.

Phone: (831) 636-8858. israel@ighomes.com.

View My homes for sale at www.bestREOhomes.com.

Israel Gonzalez specializes in loan modification assistance and short sales in Hollister California. Hollister Loan Modification Help, Hollister Short Sales. Hollister Short Sale Realtor Hollister CA Short Sales. Hollister Realtor.

Important Notice

Israel Gonzalez, Beale Properties, 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 Gonzalez's personal views and do not reflect the views of Beale Properties.

This information on "Homes in Hollister CA: Why Do Some People Worship Perfect Credit?" is provided as a courtesy to our readers to help them make informed decisions.

Homes in Hollister CA – The Stop Foreclosure Institute recently received a question from Paul. Here is Paul's question.

"I am selling my house as a short sale. I am behind on the mortgage payments. Do you think I should still pay my credit cards?~ Paul."

Discover how other sellers successfully executed a short sale to avoid foreclosure by clicking here.

Here is our answer. It all depends on what's important to you. Can you afford your mortgage payment if you stopped paying the credit cards? If the answer is yes and you don't want to move, then I would recommend you stop paying the credit cards. Obviously that will hurt your credit.

But if you want to keep your home, then you will probably think it's worth it. Then again, I've seen people who would rather have the good credit.

However, if you do want to move, then it would be better to keep paying the cards and short sale the house. Missed mortgage payments won't have too much of an impact on your credit score 12 to 18 months down the road, especially if you short sale. However, a credit card on which you never pay again will stay on your credit for a longer time. The debt will show up as written off, and that impacts your credit for a longer time than missed payments.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at israel@ighomes.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 (831) 636-8858.

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

Thinking about a loan modification?Our Hollister loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail to israel@ighomes.com to request a Free Copy.

Or, click here to request a copy.

Thanks for reading this.~Israel Gonzalez.

Israel is a Real Estate Agent at Beale Properties.

Phone: (831) 636-8858. israel@ighomes.com.

View My homes for sale at www.bestREOhomes.com.

Israel Gonzalez specializes in loan modification assistance and short sales in Hollister California. Hollister Loan Modification Help, Hollister Short Sales. Hollister Short Sale Realtor Hollister CA Short Sales. Hollister Realtor.

Important Notice

Israel Gonzalez, Beale Properties, 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 Gonzalez's personal views and do not reflect the views of Beale Properties.

This information on "Should I Continue Paying My Credit Cards during a Hollister Short Sale? " is provided as a courtesy to our readers to help them make informed decisions.