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If you have been keeping up on our blog at American loss mitigation Services then you will have already read Parts I and II in this series.  What we are addressing today is the final key to finding buyers and keeping them whether you are a homeowner, investor or Realtor.  When dealing with a short sale many believe that “closing” the deal is a problem.  Personally, having had both traditional and short sale homes for sale, I prefer a short sale over a traditional.  However, some find it... Read Full Story

There are a few things that are key with any businesses success.  With short sales , just as any other business, the first thing you have to have is a vision or a goal.  Once you have this “vision” in your mind you can start to focus on how to get there.  The first rule in setting goals is to make the goal attainable. I hear people say keep it realistic.  What is realistic?  Realistic is a relative term.  It changes depending on the person you ask.  So what I like to replace that with is... Read Full Story

When dealing with our current market conditions, the number of short sales and REO’s and the number of OVER developed areas you should have a system for analyzing a deal before you tackle the short sale.  I have always been big on making something out of nothing.  However, I wasn’t always good at doing this on the fly.  It took practice and a system. When you first go out to a property there are a few questions you want to ask yourself in order to “grade” your short sale.  Today I am going... Read Full Story

When selling a short sale one of the most important things you can do is stage your home.  This can be done with zero or very little out of pocket expenses.  Are the walls dirty?  Paint them!!  Spruce up the lawn and buy some potted plants for accenting.  Keep the grass mowed.  Make sure the home is welcoming to buyers. Staging is one of the most important tools you have available to you.  Most of us, as consumers, buy with our emotions.  When looking at a home do you remember the things... Read Full Story

Having serviced thousands of short sales , American loss mitigation Services works closely with real estate agents and investors.  Recently there has been a market shift including the credit hike recently implemented by Fannie Mae (FNMA) and Freddie Mac (FREM).  Does this mean the market is going to drive away your buyers?  That truly will depend on you and you alone. One thing most of us learned a few years ago when the market first crashed was innovation is a MUST.  You MUST be willing to... Read Full Story

American loss mitigation Services has been servicing short sales for several years.  We have been through every change and hiccup in this market.  We not only service short sales by negotiating with the banks for realtors and investors but we also perform short sales ourselves in our local community.  We have committed ourselves to staying current with both bank changes AND market changes.  To do this we MUST stay IN the trenches.  We didn’t want to hide our strategies or keep our success a... Read Full Story

Recently there has been a ton of buzz about the foreclosure moritorium that many lenders are seemingly adopting.  What exactly is this?  Basically, if a client is in a default situation but is actively trying to get back on track and they can prove, through financial proof, that they would be able to afford a modified loan payment, the bank (only some) will put a moritorium on their loan for 90 days.  This will stop the foreclosure proceedings on this loan for 90 days.  This only pertains to... Read Full Story

Wikizines are interactive magazines that anyone can create or edit - and this one is called "Pre-Foreclosure". Here you can find fresh voices and respond in real time. Some members write articles about recent news and trends related to the wikizine's topic, others recount relevant personal stories or share their favorite pictures and video clips. Got an interesting idea or story to share with other members of this wikizine? Well, then put on your journalist's cap and add your own article... Read Full Story

The big question from our clients these days is whether they should try a loan modification or a short sale. If you are an investor and offering short sales pay attention. If you are offering any services other than loss mitigation or loan modification like short sales or FHA short refi’s you should be offering your clients an option to stay in their home. Here at ALMS we see many different scenarios. We negotiate both loan modifications and short sales for investors helping foreclosure... Read Full Story

The real estate market has undergone some extreme shifts in the past 2 years. foreclosure rates have soared giving rise to foreclosure help and foreclosure scams. Many states have implemented foreclosure protection programs to try and alleviate some of the companies out there scamming homeowners and misrepresenting their services. With foreclosure rates still continually rising homeowners are desperate to know their options. Unfortunately this can lead to them putting their faith in someone... Read Full Story