Maybe you are near to having your home foreclosed and you want to do something about it. A short sale may just be what you are looking for. This happens when a person sells his property for less than what the amount is, in terms of the remaining loan balance. If you would like this to take place, of course the lender must say yes to the said short sale.
September 25th, 2009 admin 
If I start to negotiate a short sale on my house can my retirement (403b, IRA) be touched?
I know that banks look at your assets when negotiating short sales, but are retirement accounts included. Is there a way to hide that money or any money? I am drowning under my mortgage, but I don’t want foreclosure and bankruptsy. I owe 556,000 combined two mortgages and I still can’t sell my house at 540,000. It was appraised at 640, 000 at the beginning of the summer, but there is too much inventory and too few buyers. HELP!!!
How do I find a sales/management short course in London that doesn’t cost the earth?
I may be paying for it myself, so I really need to know what is the most cost-effective way of financing this self-study. Are there any colleges that might offer it?
The must know tool to be used when in foreclosure is the short sale. Usually the bank will send you a list of all paperwork required for the submission. This list varies slightly for different lenders, but they all include the hardship letter. Your lender wants to know what happened to you, especially if you have been current on your payments for years. Here are some useful tips for preparing your hardship letter.
Tip #1: Make it emotional. Tell your story as if you are talking to a friend. Point out that you want to keep the house but cannot afford the payments.