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

Posts Tagged ‘Short Sales Realtors Louisville KY

In a Short Sale “Is it better that I move out?”

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In a Short Sale “Is it better that I move out?”

Sellers ask this all the time. The answer is the seller can stay in the house all they up to the sale to the new buyer.

There are actually many questions behind this question:

Question: Will the bank be angry that I’m living in the house without paying?

Answer: The bank realizes that many borrowers can’t pay. That’s why they have the short sale program. You didn’t create this housing slump or job market crisis.

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Question: Does the bank want me to move out because I’m not paying?

Answer: No. The bank prefers you stay in the house. If you are in the house they know the house will be maintained, the grass will be cut, the utilities will be on, pipes won’t freeze, and the likliehood of vandalism will diminish.

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Question: So the bank is OK with me living free in the house?

Answer: Actually, some lenders REQUIRE that you stay in the house until it sells. That’s how important it is to them that you remain.

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Question: But I’m afraid that the sheriff will show up with no notice and throw me out.

Answer: The sheriff cannot evict you before the house actually sells at the foreclosure auction. You will get many letters and notices prior to the auction. Please read a previous article xxxxxxxxxxxxxxx for more details.

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Question: What if I must move out or really don’t want to stay in the house anymore?

Answer: want to stay In most cases that’s fine also. If you have to move on with your life that’s understandable. Please check with your short sale specialist Realtor if moving out will impact your eligibility.

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Also, a skilled short sale Realtor will keep you informed of progress and will get your auction postponed to enable the short sale to be completed so you can avoid foreclosure.

These questions are all valid concerns. But notice that the answers are the exact opposite of conventional wisdom. Such is the nature of short sales.

If you are in the Louisville, KY area please call me (502) 664-7827 at any time with any questions you may have. Nights and weekends are welcome, too. Call me at any time that is most convenient for you.

Dave Halpern

Real Estate Broker, Louisville Short Sale Expert Realtors

(502) 664-7827
Locations of visitors to this page

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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 dedicate to you all the time you need for a full explanation of the process. We are compassionate, caring and patient.

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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A Short Sale Can Provide The Peace of Mind You Deserve

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Welcome Neighbor,

Come on in, I’m glad you’re here.

Reading this is an important step towards putting your overwhelming mortgage debt and mortgage payments behind you.

You’re in a situation you never dreamed of;

  • You owe more than the house is worth
  • Struggling with mortgage payments
  • Facing foreclosure
  • Don’t know what to ask, who to ask, who to believe.
  • You are under stress you do not deserve, and wondering what is the best way out.

Everyone you ask has a different answer; Friends, family, lawyers, Realtors, the internet. Your lender is calling you, sending you letters.

Here’s my promise to you:

  • I will answer all your questions. I will support all my answers with years of experience, extensive training and with much written documentation.
  • I will show you many heartfelt testimonials, from real people, right here in the Louisville area.
  • I will not rush you through anything. I will earn your confidence.

If I have the privilege of helping you through your mortgage problem, you will experience that we are:

  • Friendly
  • Trustworthy
  • Compassionate
  • Knowledgeable

I have helped many homeowners sell their house with dignity rather than lose it to foreclosure. I have negotiated with banks to forgive, in writing, large amounts of debt. You want to move on. Let us help.

You deserve peace of mind, stability and balance back in your life. This is real, please call me personally to my cell phone (502) 664-7827 any day of the week from 8 AM until 9 PM.

Dave Halpern

Broker

Louisville Short Sale Expert Realtors

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

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Divorce, Foreclosures and Short Sales in Louisville, KY – Mistakes to Avoid

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Some divorce decrees or mediation agreements contain orders about the house that are impossible to fulfill. These orders sometimes further escalates the problem causing further stress, monetary damage and damage to the parties’ credit. Some court orders are doomed to fail, causing a spouse to be in non-compliance with a judge’s order.

My name is Dave Halpern, a Realtor and Broker in Louisville, KY. I specialize in preforeclosure short sales and close dozens of short sales each year. I have helped many sellers in a divorce situation and have encountered problem situations that could have been avoided.

Divorce attorneys, mediators and judges often make well intentioned yet fundamentally wrong decisions regarding disposition of the house. 

The two most problematic orders that I have seen are:

  1. Spouse 1 must refinance to take spouse 2 off the loan.
  2. Spouse 1 must sell the house by certain date.

The problems with refinancing:

  1. The spouse’s credit may not qualify them to refinance
  2. The house may not appraise high enough
  3. The interest rate may make the loan unaffordable

The problems with selling the house:

  1. In many cases there is too much owed on the house
  2. House values significantly declined, making many houses unsellable
  3. The court appoints a Realtor who may not be an expert in liquidating “upside houses”.

A divorced seller recently contacted me in a state of panic that she is about to be thrown in jail for contempt of court because she couldn’t sell her house. A quick analysis confirmed that she owes too much on her house and the only way to sell it is through a short sale. She took my analysis and explanatory material to court to stay out of jail.

A short sale occurs when the lender is willing to accept an amount short of the payoff. If done properly and professionally  the lender forgives the shortage. This however could trigger a tax bill which sends the divorcing parties back to court to get the responsible spouse to pay the other spouse’s tax bill.

If the lender requires to keep the borrowers obligated on some or all of the shortage, the parties find themselves back in court fighting over who is responsible for the shortage.

Since a short sale hurts the borrower’s credit, how does one spouse hold the other responsible for the intangible financial damage due to a lower credit score?

All these issues and more need to be accounted for in the original court order. Divorce attorneys need to protect their clients by understanding the real estate market as it pertains to foreclosure, preforeclosure and short sales. Divorce attorneys should seek training on short sales and consult with Realtors who specialize in short sales. Agreeing to impossible terms that cannot be implemented can land their client in significant financial and legal hot water.

David Halpern is a Real Estate Agent and Real Estate Broker in Louisville, Kentucky. The name of Dave’s Realty Company is Louisville Short Sale Expert which reflects his total dedication to helping homeowners avoid foreclosure by procuring a short sale.

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.

Dave is accredited by the Commonwealth of Kentucky to teach other Realtors the complexities of short sales. Hundreds of Realtors have attended his courses.

More links and blogs from David Halpern:

http://www.LouisvilleShortSaleExpert.com

How To Choose The Right Short Sale Realtor

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Blogspot http://louisvilleshortssalesexpertdavehalper.blogspot.com/

http://www.squidoo.com/DavidHalpernLouisvilleKYShortSalesExpert

 Dave can be reached at (502) 664-7827.

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!

Homeowner Avoids Bankruptcy with Help from David Halpern

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Homeowner avoids bankruptcy by doing a short sale with David Halpern!

I didn’t know where to turn when my husband and I divorced.  I was left with the debt of the house because he filed bankruptcy.  I wanted to save my good credit if possible.  Dave and Hope helped me tremendously.  They were very patient and informative and very understanding.  They kept me posted on everything going on after an offer was made and accepted.  They were always available and answered all my questions.  Hope even helped me with my financials and writing letters to the mortgage companies.  She was great!  I am glad we went the Short Sale route.  I was a little apprehensive at first, but they truly pulled me out of this housing hole.  Kudos to both! Lifesavers!

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.