Buy A Short Sale Home At Heavily Discounted Prices

You may have been reading or heard about all the money that you can save today with the purchase of a short sale home. Many people who do not even have any experience with buying homes or real estate investments are now buying these homes with great success. This is, however, a process that must be fully understood before being undertaken.

When you are buying this real estate, you are essentially purchasing a home at a heavily discounted price. The words “Short Sale” basically mean that the seller’s lender is willing to accept a payoff amount less than balance of the current mortgage. You can make offers on homes, which the seller and their lender will then consider. Both the seller and the lender must be in agreement for the short sale to be accepted.

Lenders will most often allow a home to be listed for short sale if the current buyer has fallen behind on mortgage payments or has completely stopped making payments. However, in some cases a lender might allow the current buyer to list the home as a short sale even if they are completely current on their mortgage payments. Situations like this may happen when the buyer has become “upside down”(owing more than the home is even worth) in the home due to the real estate market value dropping.

If you are considering buying a short sale house, it is vital that you do some investigation once you have found a potential home. Finding out whether a foreclosure notice has been issued and learning the amount that is still owed on the home, information that an agent can obtain for you, will help you in deciding if this is a good chance to make an offer. Lenders that offer a home that they are foreclosing on may be more motivated than those who have homes that the buyers are still making payments on. Knowing the amount owed is helpful since it will give you an idea of the finances behind the deal: How much the lender might be willing to sell for. Getting all of the pertinent information can save you a bundle when you are purchasing these properties.

Learn How To Challenge The Banks Authority To Foreclose! Keep Your Home – Know Your Options

Do you know that there are laws the banks and Judges have tried to keep hidden from us for over the last 75 years? They cannot keep us shut ignorant forever, this information is coming out and becoming known from many sources. These legal remedies that can save your home. Thousands of homeowners are losing their homes daily! Let’s stop this trend. Get informed.

Most people do not know how the banks work for. The banks act as exchangers, what they are exchanging is a security interests (promissory notes) into Federal Reserve Notes. This is like changing Euro’s into Dollars. They are given one form of currency and exchange it for another. The exception is the promissory note is of the same exchange rate of the Federal Reserve Note.

“When you or I write a check there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money.” — Putting it simply, Boston Federal Reserve Bank

My eBook will give you areas to research so that you will gain a better understanding as to what is actually going on. Everything in this book will be verifiable and will allow you to be a stronger negotiator when dealing with the banks and courts. Yes, I did say courts. You may be faced with either suing or being sued by the bank. It’s not as scary as you may think. There are things you will be able to do that will win the day even when dealing with a dishonest judge, which most of them tend to be.

It is my hope that this information will start you on a path of knowledge and discovery and will help you be free and free of debt. This is not a cure all for those in foreclosure. It is a series of steps that can give you breathing room against the banks’ deception so that you can learn how to defend yourself and challenge their legal authority to foreclose. The banks actually do not have the legal authority to foreclose and when challenged correctly, they have to go away. When that happens, you owe nothing to them and own your home. For more information go to http://www.howtostopforeclosure.webs.com – Fear no more. Know your options.

5 Ways to Stop Foreclosure Immediately – Don’t Let the Bank Destroy Your Family

There are various ways to stop foreclosure immediately, but the most common way homeowners can prevent foreclosure is by using the loan modification process. During this time of financial unrest, getting out of a bad financial situation is not really unheard of. Families today have options and lenders are willing to work with your family to keep you in your home. The following ideas could help keep the stress off your shoulders and the creditors and loan collectors off your back.

1: Refinance your original loan. Money lenders will consider foreclosure refinance loans if they feel you will not neglect making payments to them. Qualifying for refinancing is tough and the requirements are strict. The requirements include equity from your home and a steady income. Although the payments may turn out to be higher some homeowners prefer to start off fresh and use refinance as one of the ways to stop foreclosure of their family home. But let’s face it; there has to be an easier way.

2: Selling to a relative or close friend to prevent foreclosure may be your only way out temporarily. You will be out of your financial situation and be able to have them carry you for a while until you land back on your feet. You can lease or rent back the property from them until you are financially able to buy the property back. But if you don’t feel safe or trusting with the people you’ll be working with; this option may turn into a way for family or friend to make a quick profit selling your home at a reduced rate.

3: Try bankruptcy to stop a foreclosure in progress, but this can become an expensive alternative. The amount of payments which need to be made to satisfy the creditors and bankruptcy costs make this an option for those who have a large amount of disposable income. Let’s face it if disposable income is available your family wouldn’t be in this situation.

4: One of the easiest ways to stop foreclosure immediately is to sell the property outright before the foreclosure has time to proceed. If you can get enough for your home paying off your debt in time will stop the foreclosure from proceeding but will leave your family looking for a new place to live.

5: Work with an online loan modification service to prevent or stop a foreclosure from going through. This type of service will work with your lender to help rework your arrangement in order for your family to keep their home. The banks would prefer to get paid and not have to deal with trying to sell your home. This option will at the very least help you to repair your credit and hopefully prepare you to purchase another home in the future.

Foreclosure – How Long Before I Lose My House?

Many homeowners have questions about how foreclosure works and how long they have between when they miss a payment and when the bank actually forecloses. If you’re wondering how long you have before you have to leave, it depends on whether your case will be handled in a judicial foreclosure or in a non-judicial foreclosure. Most states allow both, but some states only allow one or the other, so you’ll have to research to find out which your is for sure, but there’s a good chance yours will be non-judicial because it moves faster and costs less for the lender.

All Foreclosures

– You miss your first payment (for example, we’ll say this is your July payment and it was due on July 1).

– Your grace period expires (usually 15 days) and you haven’t paid. Your payment is now considered late by your lender. It’s not uncommon to begin getting letters or phone calls from them at this point. Don’t ignore these phone calls.

– At most lenders, once you’re 60 days late (September 2 in our case), your loan is considered in default and the lender can begin either the Judicial or Non-Judicial foreclosure process. To bring your loan current at this point, you’ll usually be required to pay all past due amounts (your July and August payments), all late fees, and your September payment.

This is where lenders have the most flexibility in the process. They aren’t required to enter the foreclosure process simply because you’ve fallen a certain number of days behind. If you’re in communication with them and have worked out a plan to get back current, you can stay out of foreclosure altogether, but you have to take action.

Judicial Foreclosures

– Your lender’s lawyer will file a complaint with your county courthouse and request a court date. This typically doesn’t happen until you’re over 90 days late.

– You’ll be served a notice of this complaint.

– A hearing will be held in your county to determine the sufficiency of the complaint. If you believe you have legal grounds to dispute the foreclosure, this is where you and your lawyer would argue those grounds. At the end of this hearing, the judge will rule whether the complaint is sufficient or not. If it is, the foreclosure sale will be scheduled and your credit record will be marked as having a foreclosure. If it’s not sufficient, the judge will dismiss it. How long all of this takes is dependent upon the courts in your area. Typically, it takes about 30 – 60 days.

– A date will be set for redemption of the property if your state laws stipulate. You can still bring your loan current (including fees, etc) until the redemption date. Even if the house has been sold and someone has moved in, if the redemption date hasn’t passed, you can still get your house back…if you can get enough money.

– A date will be set for the foreclosure auction. This usually happens about 30 – 45 days after the sufficiency hearing.

*** A Judicial foreclosure typically takes anywhere from 6 months to 2 years from start to finish. ***

Non-Judicial Foreclosures

– Your lender will send you a Notice of Default in the mail.

– Your lender will send you a Notice of Sale to tell you when your home will be sold at the foreclosure auction.

*** A Non-Judicial foreclosure typically takes anywhere from 1 month to 1 year to complete. ***

All Foreclosures

– The foreclosure sale happens and your house is sold. In approximately 90 – 95% of cases, the owner of your first mortgage wins the auction because they bid the amount that you owe on that loan and usually no one else will go higher than that.

The owner of your home then contacts the county sheriff who posts a notice of eviction on your door. This notice gives you 24 – 72 hours to leave the house and have all of your possessions out. If you’re there when the sheriff returns, he will escort of off the premises and anything left on or in the property will then belong to the new homeowner.

DIRTY DEEDS DONE DIRT CHEAP: The Successor Trustee & Non-Judicial Mortgage Fraud

“Pick up the phone, I’m here alone, Or make a social call

I’m always home. Call me any time.

Just ring 362-436-####

I lead a life of crime

Dirty Deeds Done Dirt Cheap!

Dirty Deeds and They’re Done Dirt Cheap!”

-Rock Band, AC/DC

This article has been inspired by the six foreclosure mill law firm appointees Successor Trustees which were granted by foreclosing parties in Missouri which is a non-judicial foreclosure state. These successor trustees received these appointments from fictitious foreclosing parties to fraudulently foreclose and evict 14,400 families, in Jackson County Missouri alone, each year for the last five years.

Jackson County is a medium-sized county in the United States.

This is the largest Ponzi scheme the world will ever know. The number of parties which are co-conspirators in some way is legion. Yes, it is a conspiracy, of that there is no doubt.

BUT REMEMBER, THAT THE FACT THAT YOU ARE PARANOID DOES NOT ELIMINATE THE POSSIBILITY THAT SOMEONE IS OUT TO GET YOU!

OK, I have just had it. I am right. You can’t work on one subject for 6 years, 7 days a week and not understand the material. I am likely no genius, but I have often been told that I am very smart. Very smart? I don’t know about that, but I am right about all of this.

There really have been over 20 million criminal foreclosures in the U.S. during the last 15 years. There are about 3 people per family, so that comes to 60 million American refugees forced from their homes with the stupidest, yet successful, Ponzi scheme of all time. Each and every wrongful and illegal non-judicial foreclosure has been allowed by our U.S. Congress, the DOJ, and the U.S. Court system.

I am not seeing this real scoop anywhere on the internet. We have a bunch of attorneys with websites spewing out information meant to convince you that they are very smart and they can sell ads in the blank spots on their website if you visit it. But, do you really care about the latest big ruling where the Borrower almost wins? Of course not, you want to know how to save your house. Or, if you are a true intellectual you want to know how to save your country.

Here is the real deal. In a judicial foreclosure state there is a normal home loan which include the logical two the parties, a borrower and a lender who have a home loan contract. One to loan some money to the other who wants to borrow some money to buy a house, preferably while are they are still less than 60 years old.

These are the Judicial foreclosure states:

Connecticut, Delaware, Florida, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, New Jersey, New Mexico*, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, Vermont, and Wisconsin

The foreclosing party must file a lawsuit that is between the two parties, the Borrower and the Lender. Since this happens in the court it is the most fair of the two, but unless good men and women do the right thing evil will still win

But, over the years, the fellows known around town as “bankers” went around visiting with the folks we voted to represent us in our state legislatures called “attorneys”. The bankers convinced the attorneys (I know it sounds backwards, but it is true) that they needed the ability to more quickly foreclose on borrowers.

In 26 of the 50 states they agreed to create the system of Non-Judicial Foreclosures.

I am not making this up. I know that the hyphenated word Non-Judicial appears to many, myself included, to mean that the Borrower signed something that seemed to take away his constitutional right to the Due Process Clause. (We can work with it, but you really need to study this) It didn’t, but it made it much harder to win wrongful foreclosure cases fairly.

The Due Process Clause comes from the 5th and 14th amendment as the “RIGHT TO BE HEARD”. Now this has mixed up a lot of judges. Some because the don’t read or watch TV. Some because they aren’t smart enough to understand the constitution. Some because they are just bad people.

But don’t believe judges are all bad. Because there are many judges who are getting it correctly. There are fine men and women with very intelligent minds ruling with the borrowers.

Although, I have been unlucky enough to have not run into them much.

But, anyway. In a non-judicial state the party wanting to foreclose is claiming that he:

1. has the right to collect money from you,

2. can declare that you have defaulted if you don’t pay him the money you don’t owe and

3. has the right to foreclose on you out on the court sidewalk out of sight of any court and get a deed to your house. It is not a very strong deed, more like a lien on your title, but it can get you evicted although you still have the right to sue to get it back (unbelievable right?)

In the Non-Judicial foreclosure states the foreclosing parties have used the strategy of chaos and anarchy to pass laws that really just don’t make any sense.

The non-judicial foreclosure states are:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, District of Columbia, Georgia, Idaho, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, North Carolina, Oregon, Rhode Island, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, and Wyoming

In a non-judicial foreclosure state there are 3 parties to a home loan. A borrower, A lender, and a Trustee who is holding the home loan for the borrower and the lender. This is like in a horse race.

The borrower can still win in these states, but it is much more difficult than in judicial foreclosure states where the foreclosing party must file a normal lawsuit and the borrower has a more fair way win before a judge, or the borrower can demand a jury trial. This is becoming a very popular strategy in all states.

Survey Shows That 8 Out of 10 Foreclosures Can Be Avoided

In an unofficial survey of mortgage industry professionals we concluded that the vast majority of foreclosures are simply unnecessary. The consensus of professionals surveyed was two fold. The single biggest cause of foreclosure stems from a breakdown in communication between lender and borrower. The primary reason for the breakdown in communication is a resentment of the mortgage company by the borrower. In other words the borrower feels that there is no reasoning with the mortgage company and therefore no point in trying to work things out with them.  Once frustrated, many homeowners simply give up and wait for the inevitable.

 

What the homeowner often fails to realize is that there are a plethora of tools available to allow a struggling borrower to keep their home. By now most Americans have heard of the Forbearance/Loan Modification solutions available. As popular as these plans are, they are not the only option. In addition there is the ever so unpopular chapter 13 bankruptcy. While that option is both effective and readily available it is highly undesirable.

 

In resent years as a result of this foreclosure crisis several new home retention strategies have gained popularity. Chief among these are 2 legal maneuvers once only known to mortgage bankers and real estate attorneys. He first one has been nicknamed “Produce the Note”. It relies on the fact that most servicers of mortgage loans have no way of locating the actual signed mortgage note. The homeowner is challenging the validity of the mortgage company’s right to repossess the property.  It is widely accepted that this is a stall tactic at best. However, it does give the homeowner plenty of additional time to come up with a permanent solution to the problem. It also gives the borrower leverage that can be used to force the lender into negotiations. The end result is usually some sort of Loan Modification that gives the homeowner a fresh start in exchange for the signing of new documents.

The 2nd most popular strategy is the RESPA audit. RESPA stands for Real Estate Settlement Procedures Act. RESPA is a set of federally mandated guidelines that must be followed in connection with the sale and financing of real property. The gist of this strategy is to request and rummage through all the disclosures the borrower was required to sign. In all of that paperwork there is usually an error or omission. The borrower can then question the legality of the loan itself. This represents a juicy proposition for the home owner. In cases where an egregious error or omission exists, it may be possible for the borrower to sue the mortgage company for the balance of the loan. If successful, the homeowner simply walks away with the property free and clear.

There are a few other legal options available to the homeowner. These are more tricky maneuvers used by asset protection experts. Attorneys skilled at this level are usually too expensive for the average homeowner.

Thanks to the current economic climate banks are having trouble unloading the enormous inventory of houses that they already have.  Now local governments are now pressuring banks to maintain foreclosed properties. Given all these factors, the odds are clearly in the homeowner’s favor. The only reason that a borrower should consider walking away is a permanent lack of income. Barring that, there is almost always a way for the borrower to keep their home.

For more information or a free consultation with a foreclosure prevention expert visit http://www.WeHateForeclosure.com

What You Can Learn When Taking a Real Estate Investing Program

Have you heard of a real estate investing program before? If you are looking into becoming a real estate investor, you may have come across real estate investing programs available both locally and online. Although real estate investing programs are a great resource for all hopeful investors, you may be wondering whether or not it would really be worth your time and money to take a course. To find the answer to your question, you are advised to examine the materials that most real estate investing programs cover.

Before examining what you may learn when taking a real estate investing program, it is important that you remember variance. Not all real estate investing programs are the same. Programs are designed for different levels investors and they are offered for different lengths of time. These factors may determine exactly what is taught in a real estate investing course. However, with that in mind, there are many common points that are covered in most real estate investing programs.

Many real estate investing programs introduce their students to real estate investing by providing background information on exactly what it is. Although you may already have a good idea what real estate investing is and what it is all about, this information may still prove useful to you. Unfortunately, many real estate investors get so wrapped up in making money that they often forget what real estate investing is all about. If you are relatively unfamiliar with real estate inventing, a real estate investing program can help to provide you with the information you need. If you are already familiar with real estate investing, the information learned can be used to help refresh your memory.

It is also common for a real estate investing program to cover investing in general, as well as apply it to real estate. Information on what properties you should target as a real estate investor, like properties that are in foreclosure or properties that are considered fixer uppers, may also be outlined. Detailed information on each of these properties, like what they are, as well as what to look for with them may be outlined as well.

Since a big part of real estate investing is being able to do something with the properties that you purchase, a real estate investing class should also cover this. For instance, many real estate investors fix up the properties they purchased and either try to resell them for a profit or become a landlord by renting out the property to tenants. A real estate investing program should give you information on each method, as well as tips on how to make each method work.

Perhaps, the most important thing that you could learn by taking a real estate investing course is what you shouldn’t do. This information is important as it may prevent you from making many costly mistakes. Although many real estate investing programs are targeted towards beginners, there are some courses that are designed for more advanced or experienced investors. No matter what level you are currently at, you are advised to give a real estate investing program a serious look, as it may be worth your time and money, in more ways than one.

Foreclosure Hunting For Cell Tower Leases

Real estate investors who buy foreclosures are finding more and more apartment buildings with existing cellular antenna leases. Cell tower leases can be the foreclosure buyer’s best friend. However, buying foreclosed properties with a cell site lease is not easy, but the deals are out there. Even the savvy real estate investor who buys a lot of foreclosures is probably not going to be a telecom leasing expert, and frankly even the real estate investing experts don’t know squat about how to deal with a cell tower lease when you buy a foreclosed building.

A cellular antenna lease will either be attached to cell tower on raw land or rooftop cellular antenna installation on commercial or residential property. If the property is a foreclosure and the bank is not yet the receiver, it’s going to be difficult getting the information unless the Owner/Landlord is cooperative and trusts you enough to let you look at the lease. There really isn’t a way to identify these types of foreclosure properties. These types of deals are very difficult to find, and we recommend that you don’t waste your time chasing these rainbows. Focus on the low hanging fruit: bank owned residential apartment buildings and commercial properties.

It’s much easier looking for REO’s with existing cellular tenants. If the property is bank owned, as the receiver they need to disclose every existing lease encumbering the Premises prior to sale, and it’s in their best interest to provide the details of the lease or if your are lucky… multiple carrier leases.

You need to figure out the value of the lease. You want to know the commencement date of the lease, which is the date that they started paying the Owner after cell site approval. You want to know the amount of rent they are paying monthly, and what the annual increases are that the previous owner agreed to, and how many years are remaining on the back end of the lease. The particular cellular carrier will also determine the value of cell tower lease on Wall Street.

How can real estate investors find foreclosure properties that have cellular carriers as a tenant?

This is where you need to be creative. Good foreclosure investors have their bird dogs who send them deals. Chances are that they never thought about looking for foreclosures with cellular antenna site leases. Your best bet is to network with your bank’s foreclosure specialist or REO Manager.

All major banks have buildings on their books with cellular site leases which they aren’t marketing to investors. They are simply too busy to pull together a database of foreclosed properties with existing wireless carrier tenants.

Successful real estate investors who want to find these deals should tap into their existing relationships at the banks that do business in the territory that they operate in to identify potential deals that have existing cellular leases and where the bank is acting as the receiver. Ask your banker to scan their foreclosure property / REO database for terms such as Verizon Wireless, T-Mobile, Omnipoint, Cellco, Sprint, Nextel, Alltel, Cingular, AT&T, Metro PCS, Crown, Towerco, SBA, or American Tower. If you find a foreclosed property or building with a cell tower lease attached, you can significantly sweeten the deal for yourself because you can pull cash out of the cellular lease – often times six figure amounts – and put it towards the mortgage or towards buying another building.

It’s also a very good idea to have a cell tower leasing expert review the terms of your lease, which disqualifies 99% of real estate attorneys.

Creative Foreclosure Avoidance Solution: Mortgage Assumption

You’re in a situation where you’re already three months late on your mortgage. Fortunately, no foreclosure lawsuits have taken place and you still have options. Your wife is starting to wonder why you’re always worried. She hasn’t received the memo. The dream house that you and your family purchased several years ago is turning out to be more than you can handle, especially with all of the unexpected bills popping up left and right. If you don’t do something soon, you’ll find yourself and your family in a very bad situation.

Looking at your situation, you can see that your property is in good shape less normal wear and tear. You can’t sell without having to come to closing with at least $35,000.00 which you don’t have right now. The reason for this is a house down the block in better condition sold last month for $150,000.00. You owe $185,000.00 and no one is willing to pay that much for your property. You don’t like the idea of doing a Short Sale as you’ve heard of the many horror stories that people go through during and after the process. Your credit does not get affected as much as it would after a foreclosure but it still takes a hit. In addition, there is still about a 35% chance that the bank may still come after you for the difference and that won’t be any fun. To top it all off the success rates of Short Sales are about fifty percent among the industry.

Listing with a Realtor and waiting for a buyer is pointless as you can’t come to closing with the difference and doing a Short Sale is definitely out of the question. Here is something that you might not have thought of: Mortgage Assumption. Some people call it different things such as Subject To the existing mortgage or Mortgage Management.

Mortgage Assumption involves transferring the deed of your property to another buyer in exchange for their bringing the mortgage current and maintaining payments. In the Real Estate market of 2013 – 2018, it’s very hard to get approved for a mortgage among American locals. This method of doing business opens the doors to thousands of buyers who, due to various circumstances, can’t qualify for a mortgage.

Your best bet in this situation is to work with a seasoned professional Real Estate buyer who can either assume the mortgage himself or find several interested parties to do so. There are not many professionals who know how to legally structure this correctly and finding an agent who knows how to do this is like finding a needle in a haystack. Find a well connected Real Estate investor who can assist you and allow you to move on with your life and preserve and maintain your good credit standing.

Short Sales – Influencing The Brokers Price Opinion (BPO)

When you do a short sale, the lender most likely will order a BPO.

BPO stands for Brokers Price Opinion and is a process by which a realtor

appointed by the lender, comes out to evaluate the property and give his “opinion”

on what the value of the property is. So the lender sends a realtor out to the

property and it’s your job to influence the BPO to come down as low as you can.

This is the whole key to a successful short sale. This is why you want the lender to

contact you, so you can meet the realtor at the front door and influence their

BPO to come in as low as possible. To build your case, the first thing you

should do is show up with a list of repairs and estimates for the property. If you

have to go get a contractor to bid a job or repair, go get one. The higher the quote,

the better. This is good evidence. The second thing you should do is show up with

a list of comps in the area that are low. Most real estate agents appreciate you

doing some of their work for them. Provide them with the lowest comps you can

find and they will decide if they want to use them or not.

When you meet the realtor on the property steps, just tell him you are the buyer and

doing a short sale on the house. Then you will proceed to walk the realtor

through the property. When you are walking through the property make sure you

point any and every repair or problem with the property. Again, you are trying to

make the value of the home come in as low as possible. If you are dealing with a

nice house with minor cosmetics, you may really have to search for problems.

Then call him the next morning to see if he was able to get the price you wanted. Sometimes they will tell you sometimes they won’t. Just ask to find out. If they won’t tell you, call the bank. Many times they will tell you. You really have no control over this process. You can encourage the BPO to come in low, but this does not always mean they will come in low.

If there is someone living in the property, you may want to ask them to leave when

the realtor comes out to do a BPO. If they can’t, just tell them to stay out

of the way. Explain to them you will be trying to make the house value look as low

as possible. They may not understand why, just tell them it is the only way to save

their house. Also, tell them not to worry about cleaning up at all, leave it the way it

is. This is the one time your house can be a mess. You need to make the value of

the property look as low as possible.

If the loan on the property is FHA or VA, they will not take less than 82% of the BPO.

Usually you can expect the BPO to be in the range of 80-90% of the

repaired value. So if you have a house that is worth $120,000 after repairs, the BPO

you would guess to be about $98,000 to $108,000. Then multiply that amount by

82% and this should give you a good estimate of what to offer. If it is not a VA/FHA

loan, then you can offer whatever you want. It is a good idea to start low, just in

case your BPO comes back lower than you thought, you can always raise the offer. It

is an educated guess to find out what the BPO will be. If it comes back

high not in your favor, sometimes you can call the loss mitigation department and

tell them the BPO is way to high. Many times they will work with you and

order another BPO. Whatever you do, don’t ever give up. If they don’t accept it,

negotiate with them some more. Ask them what they are looking for, or what they

are trying to get. Sometimes they will tell you, sometimes they won’t. Be

persistence. Be patient. Ask, ask, ask. Part of being successful in this business is

how you negotiate. You don’t ever want to be rude to them, but let them know

where you stand. Make them aware of what’s happening to the property.