Dave Halpern Louisville Short Sale Expert (502) 664-7827

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Foreclosure and Divorce in Louisville – Beware When One Spouse Gets The House and The Other Gets The Mortgage

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When the divorce agreement awards the house to one spouse and the mortgage obligation to another, this could spell great peril. The spouse in the house often doesn’t know if the “mortgage spouse” stopped making the payments.

The billing address usually gets changed to the mortgage spouse’s new address. The spouse in the house does not get any late notices about non-payments until it’s too late.

Even though house spouse can claim that the mortgage spouse is in contempt of the agreement, the damage is already done. The back payments and legal fees often make it too hard to catch up and cure the arrearage.

The house is now headed to short sale or foreclosure. Foreclosure often leads to bankruptcy.

So what should be done if you are a spouse that got the house?

  • You still have the right to call the lender every month to confirm the payment was made.
  • You have the ability to check the payment history online.
  • You may also call your lender to determine what other early alert systems they have. Can they email you late notices? Can they mail you duplicate billing statement copies?

You don’t want to be totally blindsided about the arrearage when the sheriff knocks on your door to serve you with an unexpected foreclosure lawsuit.

Dave Halpern

Real Estate Broker, Louisville Short Sale Expert Realtors

(502) 664-7827

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Sellers looking for foreclosure help in Louisville, KY should call Dave Halpern, Realtor, Louisville Short Sale Expert Realtors, (502) 664-7827.

I will provide detailed information about foreclosure options and short sales. We help dozens of sellers avoid foreclosure every single year in Louisville, Jefferson County, Oldham County, Bullitt County, Shelby County, Nelson County and Spencer County.

We can help. You have options. Call even if you think your house isn’t sellable. Many testimonials available.

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The Importance of Using a Short Sale Expert

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 The Importance of Using a Short Sale Expert

By David Halpern, Louisville Short Sale Expert, (502) 664-7827 and (502) 895-3100

In my city alone there are hundreds, maybe thousands, of homeowners who unnecessarily lose their homes to foreclosure each year who could have avoided it if their Realtor would have successfully procured a short sale.

Even a highly trained short sale expert cannot stop a bank from defeating itself and not every short sale will get to closing. But it is the Realtor’s responsibility to diligently and methodically go through the dozens of extra steps that don’t exist in a traditional listing.

With the introduction of HAFA short sales the homeowner has the opportunity of receiving great incentives for successfully completing a short sale, namely mandatory debt forgiveness and a $3,000 cash payment from the lender. Realtors who fail to procure the short sale can cause their clients to lose these monetary incentives.

Realtors who are not thoroughly trained and don’t have the time, staff or resources to handle short sales should simply not take on this complex negotiation. The clients come first and it is imperative that they get the best chance of avoiding foreclosure.

If a traditional sale doesn’t sell in a timely manner the seller will endure some sort of inconvenience. However, if a client is facing foreclosure and the short sale doesn’t happen on time or doesn’t take place at all, the seller can suffer irreversible monetary and emotional damage.

Often Realtors feel obligated to take a short sale listing because of their friendship or prior relationship with the seller. Other professionals such as doctors and lawyers refer clients to specialists. Contractors bring in specialized subcontractors. Likewise, Realtors should refer their short sales to Realtors who are experts in this highly specialized field. This way their clients receive the best care and the referring Realtor still gets some compensation. The referring Realtor is still the hero because he or she was resourceful enough to bring in the expert.

Dave Halpern, Broker

(502) 664-7827

Dave Halpern successfully closes dozens of short sales each year in Louisville, Kentucky. Dave has helped many homeowners avoid foreclosure and bankruptcy by skillfully procuring a short sale for them. The seller has zero out of pocket costs. The foreclosing lender pays all closing costs and commissions on behalf of the seller. Many Realtors in the Louisville area refer and outsource their short sales to Dave due to his extremely high success rate.

Please check these testimonials from satisfied clients https://davehalpernlouisvilleshortsaleexpert.wordpress.com/category/david-halpern-testimonials/

How to choose the right Short Sale Realtor http://shortsalesrealtorslouisvilleky.wordpress.com/2010/03/21/short-sales-in-louisville-–the-right-realtor-makes-all-the-difference/

Follow me! http://twitter.com/dave_halpern

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http://shortsalesrealestateagentslouisvilleky.com 

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Blogspot http://louisvilleshortssalesexpertdavehalper.blogspot.com/

http://www.squidoo.com/DavidHalpernLouisvilleKYShortSalesExpert

http://shortsalesrealtorslouisvilleky.wordpress.com/2010/04/04/short-sales-–-can-i-sell-even-if-i-owe-back-property-taxes/

HAFA orientation video from NAR – National Association of Realtors

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If you are “upside down” on your mortgage in Louisville, KY you should seriously consider a short sale. In a short sale, your lender accepts an amount short of what you owe them. It is important that you select a Realtor who has successfully completed dozens of short sales. Your Realtor should also be current on the changing government and banking industry rules related to short sales.

Here’s a link to an overview VIDEO of the new HAFA short sales rules that went into effect on April 5, 2010: http://link.brightcove.com/services/player/bcpid1465406675?bctid=75779465001

There is still much confusion about the new HAFA rules. I will continue to present blog posts with quality information on the alternatives to foreclosure. Please subscribe to this blog to stay updated.

Thanks,

Dave Halpern, Broker

(502) 664-7827

Please check these testimonials from satisfied clients https://davehalpernlouisvilleshortsaleexpert.wordpress.com/category/david-halpern-testimonials/

http://www.LouisvilleShortSaleExpert.com

How to choose the right Short Sale Realtor http://shortsalesrealtorslouisvilleky.wordpress.com/2010/03/21/short-sales-in-louisville-–the-right-realtor-makes-all-the-difference/

Follow me! http://twitter.com/dave_halpern

Connect! http://www.linkedin.com/in/davehalpern

Subscribe! https://davehalpernlouisvilleshortsaleexpert.wordpress.com/

http://activerain.com/davehalpern

http://shortsalesrealestateagentslouisvilleky.com 

http://www.trulia.com/blog/dave_halpern

Check out my articles! http://ezinearticles.com/?expert=Dave_Halpern

Blogspot http://louisvilleshortssalesexpertdavehalper.blogspot.com/

http://www.squidoo.com/DavidHalpernLouisvilleKYShortSalesExpert

http://shortsalesrealtorslouisvilleky.wordpress.com/2010/04/04/short-sales-–-can-i-sell-even-if-i-owe-back-property-taxes/

http://glar.fciusa.net/realtor/default.aspx?rid=davehalpern

The Reality About HAFA Is No One Knows What the Reality Is Yet

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As of the writing of this blog post on April 17, 2010, the reality of HAFA is that no one knows what the reality is yet. It’s simply too early to know how lenders and upside down borrowers will respond.

HAFA is the new government and lender program designed to help homeowners who could not get a loan modification. The goal is to expedite the short sale process by streamlining the workflow and providing incentives to the borrowers and lenders. HAFA stands for Home Affordable Foreclosure Alternatives.

Both lenders and borrowers have strict timelines but great latitude in the quality of answers they have to provide within those timelines. It will probably take at least two to three months to determine the effectiveness of the HAFA program and how many borrowers in foreclosure and lenders will be helped.

All the Realtors, lawyers and loss mitigators can recite the HAFA guidelines all day long, but the real answer will be revealed once we collectively process thousands of new short sales with the new guidelines.

In the meantime, let’s all stay positive and optimistic.

Dave Halpern, Real Estate Broker

 (502) 664-7827

Dave successfully closes dozens of short sales each year in Louisville, Kentucky. Dave has helped many homeowners avoid foreclosure and bankruptcy by skillfully procuring a short sale for them. The seller has zero out of pocket costs. The foreclosing lender pays all closing costs and commissions on behalf of the seller. Many Realtors in the Louisville area refer and outsource their short sales to Dave due to his extremely high success rate.

http://shortsalesrealestateagentslouisvilleky.com/

http://www.LouisvilleShortSaleExpert.com

Follow me! http://twitter.com/dave_halpern

Connect! http://www.linkedin.com/in/davehalpern

Subscribe to my blog! https://davehalpernlouisvilleshortsaleexpert.wordpress.com/

http://activerain.com/davehalpern

http://www.trulia.com/blog/dave_halpern

Check out my articles! http://ezinearticles.com/?expert=Dave_Halpern

David Halpern Helps Homeowner Avoid Foreclosure!

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David Halpern negotiates a short sales to help this homeowner avoid foreclosure!

After being faced with losing our home and still owing more than our house was worth, Dave Halpern and his experienced staff gave us options we never knew existed.  “Your New Home Today” kept us from foreclosure and saved us from more than $30,000 in debt.

David Halpern has helped many homeowners avoid foreclosure. Dave can be contacted at (502) 664-7827 or through website www.LouisvilleShortSaleExpert.com. Please call any time – we love to help!

David Halpern Lifts Load Off a Client’s Shoulder!

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David Halpern Helps a Client with her Financial Burdens!

I Brenda Davis, I am so glad that I met Dave.  He helped me so much.  Sold my home. Helped me when I had no one.  I am fully grateful for Dave.  The mortgage is fully forgiven.  I feel a great load has been lifted off me.  I am so happy this is over and I owe nothing.  Thank you Hope, I think I called her a thousand times and she was so nice and understanding.  Thank you Dave and Hope.

David Halpern Works through Successful Short Sale for Stressed Family!

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David Halpern helps sell home for a family on the verge of drastic measures.

This letter is to let everyone know that David Halpern and his office saved us almost $35,000!  We were so stressed and on the verge of drastic measures when we contacted David.  Although the process was slow, we hung in there and after 9 months finally got a successful short sale thru David Halpern’s office.

Thank you David!