Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 5/25/2012

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

FYI: See this post for some helpful info — Advice on Bidding for Foreclosure Cleaning and Other Lite Commercial/ Landscaping / Construction Type Jobs.

Property Preservation Subcontractors Sought (Sacramento, CA): Seeking professional contractors to perform work at multiple properties. We are looking for contractors who can do any/all of the following: maintain lawns, provide janitorial/cleaning services; remove trash and debris; secure properties; perform occupancy checks; service pools (maintenance/securing); as well as handle general contracting duties. Get full details on this property preservation job.

Mowers and Landscapers Needed (Fredericksburg, VA): You must know how to operate walk-behind mowers and commercial edgers. Duties include, but are not limited to, mowing, edging, brush removal and fertilizing. Paid Hourly: $13.25. Get full details on this lawn maintenance job.

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Spring is here and as these job listings prove, there are plenty of foreclosure cleanup (and RE-related) jobs out there. Get your foreclosure cleanup “Business in a Box” and start this lucrative business right now for 40% Off! Click the box to learn how.

Copyright Violation Notice: If you’re reading this entire post (snippets are fine) on any blog other than ForeclosureBusinessNews.com, it is stolen content. Scraping content (eg, using software to illegally copy and paste copyrighted content from websites and blogs) is becoming a common practice which affects every site owner. So if you see this content someplace else, please take a quick moment to send an email to [info]at[ForeclosureBusinessNews.com] (remove brackets, of course) so that we can take the appropriate action. Thank you in advance for your help.
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Property Preservation Vendors Sought for Grass Cutting & More (Sacramento, CA): Seeking reliable, independent contractor and/or handy man with own tools to complete the following types of property preservation jobs: Lawn maintenance; lock changes, light janitorial work, etc. When applying, please list the areas you are capable of covering. Must possess own tools, eg, lawn mower, weed eater, digital camera (to take before/after pictures); etc. Get full details on this property preservation job.

FYI, learn How to Pass a Property Preservation Quiz for Foreclosure Cleanup Subcontracting Work and land more foreclosure cleaning/property preservation jobs!

Want to know more? Learn why property preservation companies are excellent places to look for foreclosure cleanup jobs.

Here Are More Related Posts that Can Help You Learn the Industry & Get More Foreclosure Cleaning-Type Jobs

Want to Know Where to Find Foreclosure Cleanup Clients For Your Business? Look No Further than This . . .

Advice on How to Bid on Janitorial and Commercial Cleaning Jobs

Foreclosure Cleanup Jobs: New Biz Owner Lands 10 Jobs from Property Preservation Company

Foreclosure Cleaning Jobs: Why Landlords Are Fertile Marketing Ground for Foreclosure Cleanup Businesses

Foreclosure Cleaning: How to Get Non-Foreclosure Cleaning Jobs

Foreclosure Cleanup: Many Cities Allocating Gov’t Funds to Cleaning Foreclosed Properties

FAQs About Cleaning Foreclosures a Living

Foreclosure Cleaning Business: Why You Should Never Discuss Rates or Prices Over the Phone

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

Recent Listings

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 5/11/2012

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright ©2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

How to Avoid a Deficiency Judgement After Foreclosure

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Before we get into the discussion on how to avoid owing money to your lender after a foreclosure, let’s define the key term here.

What Is a Deficiency Judgement?

A deficiency judgement is one that allows your lender to sue you for the difference between either what they are owed or the current market value of the home and what was paid for it at the foreclosure auction. The laws regarding a deficiency judgement after foreclosure vary from state to state so it is important to know how the process works in your state before proceeding. In many cases, lenders do have the right to pursue this type of judgement.

The First Line of Defense: Talk to Your Lender

The best way to avoid a deficiency judgement after foreclosure is talk to your bank before the foreclosure process is complete. Ask them directly if they will pursue a deficiency judgement against you. Ask them if they would agree to sign legal paperwork waiving their right to pursue a deficiency judgement (this is very important to do if they agree to it; you want it in writing for your records).

Short Sale: If you are doing or at least trying to do a short sale on the home, your lender may be more inclined to waive their right to this kind of judgement. Talk to the realtor handling your short sale to see what help they can provide.

Deed in Leiu: If you are doing a deed in lieu of foreclosure, you will also want to ask your bank to include this as part of the paperwork.

Voluntary Foreclosure: If you are simply walking away from your home (eg, doing a strategic default / voluntary foreclosure) and have not tried to work out a deal with your lender/ bank, it may be difficult to get them to agree to this.

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Check With a Foreclosure Attorney

If you have tried to talk to your bank about this issue and they either will not talk to you about it or refuse to waive their rights to a deficiency judgement after foreclosure, it might be worth it to consult a foreclosure attorney to see what, if any, options you have. They should be able to give you a clearer idea of whether or not the bank will pursue a judgement in your case. They may also have suggestions for how you could get your bank to agree to not pursue one.

The good news is that banks do not often pursue a deficiency judgement after foreclosure.

Is Your Foreclosure in a Judicial or Non-Judicial Foreclosure State? In states where there is a non-judicial foreclosure process, the bank would typically have to file a lawsuit against you for the deficiency judgement. This takes more time and legal resources on their part.

If you live in a state where judicial foreclosure takes place, the deficiency judgement can sometimes be included in foreclosure case. It is worth your while to check to see if this is the case in your situation.

Related Posts

Mortgage Foreclosure Timeline: How the Foreclosure Process Works & How Long You Actually Have to Move if You Eventually Lose Your Home

Home Loan Help: Documents Needed to Apply for a Mortgage Modification with HSBC (and Other Lenders)

Underwater On Your Home? Filing Chapter 7 Bankruptcy? Should You Reaffirm Your Mortgage?

Foreclosure Advice: Should You Continue to Pay Your Mortgage While You Wait for a Home Loan Modification?

“Cash for Keys” Can Help if You Have a House in Foreclosure & Can’t Afford to Move

Right of Redemption Laws: How to Get Your Home Back – Even After It’s Sold as a Foreclosure

Stopping Foreclosure: What to Do When the Bank Refuses to Accept Your Mortgage Payments & Tries to Escalate the Home Foreclosure Process

Foreclosure Lawyer: Need One? How Not to Get Ripped Off & Choose the Best One

Author Disclaimer: The author (Juliana Montgomery) does not guarantee the accuracy of the information provided in this article and is not liable for reliance on this information. In using this article, you agree that its information and services are provided “as is, as available” without warranty, express or implied, and that you use this article and the information contained in it at your own risk. You agree that the author has no liability for direct, indirect, incidental, punitive, or consequential damages with respect to the information, services, or content contained in this article.

Foreclosure is enough of an issue to get over without having to worry about a deficiency judgement after foreclosure. Try to resolve this issue before your foreclosure process is complete. Get more information at http://www.stopping-home-foreclosure.com/DeficiencyJudgementAfterForeclosure.html.

Stop Foreclosure This Weekend in Atlanta, GA: Here’s How

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

If you have an existing home and you are struggling with an unaffordable mortgage payment, NACA’s HomeSave team and all the major lenders and investors will be available to assist you with obtaining a same-day solution to lower your mortgage payments.

Editor Note: Read the series we did on NACA (The Neighborhood Assistance Corporation of America) at the beginning of the year, ie:

How to Stop Foreclosure by Getting a Home Loan Modification, Loan Forbearance and Even a Principal Reduction: 100% Free Foreclosure Help Given by a Reputable Nonprofit Agency (Jan 16)

Stop Foreclosure by Getting a Same-Day Home Loan Modification: Here’s How and Where (Jan 17)

Stopping Foreclosure: How to Get Your Home Loan Modified Quickly with the Help of NACA (Jan 18)

How to Get a Low-Interest Home Loan – Even with Bad Credit (Yes, It’s Possible!) (Jan 19)

Get a Job to Stop Foreclosure: Here are Some Well-Paying Job Leads (Jan 20)

While there is no need to make an appointment for our HomeSave Program, pre-registration allows your lender to review your file in advance to be better prepared to provide an onsite solution. (Click here to register and review a checklist of items you should bring).

Come to NACA’s American Dream event for homebuyers wanting to purchase with the best mortgage in America, taking place in Atlanta (Georgia World Congress Center, 285 Andrew Young International Blvd. N.W., Atlanta, GA 30313) from Thursday May 17th through Monday May 21st (click here for the flyer (pdf file)).

NACA’S AMERICAN DREAM EVENT:
When: Thursday May 17th – Monday May 21st
Where: Georgia World Congress Center, Atlanta
Time: 8:00 a.m. – 8:00 p.m. every day for five days

Workshops each day: 9:00 a.m. – 12:00 p.m.; 1:00 p.m. – 4:00 p.m.; 5:00 p.m. – 8:00 p.m.This is also your opportunity to obtain face-to-face counseling to purchase a home without extended wait times and same day qualifications.

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For Homebuyers, during this event we will be providing comprehensive counseling as well as immediate review and purchase qualification from NACA’s Underwriters who will be onsite. All homebuyers looking to purchase a home through NACA have access to NACA’s Best in America Mortgage: No down payment, No closing costs, No fees, No perfect credit, and everyone receives the below market fixed interest rate (3.5% 30 year fixed as of 5/16/12).

The Homebuyer’s Workshop, which take about three hours, takes place three times each day at 9:00 a.m., 1:00 p.m. and 5:00 p.m. Since this is a much faster process, you should come even if you are currently scheduled for a workshop, have a future appointment or are in the NACA process.

Related Posts

Home Loan Help: Documents Needed to Apply for a Mortgage Modification with HSBC (and Other Lenders)

Home Loan Modification Help: Lenders Call It “Dual Tracking”; Homeowners Call It “Double Crossing”

Stopping Foreclosure: Obama Administration to Launch 2 New Programs to Help Homeowners Avoid Foreclosure (One is for Unemployed Homeowners)

Stopping Foreclosure: Banks Considering Giving Principal Reductions, Permanent Modifications & More to Prevent Foreclosure for Many Homeowners

Mortgage Loan Modification: Top 10 Questions About (Home) Loan Modifications

Foreclosure Advice: Should You Continue to Pay Your Mortgage While You Wait for a Home Loan Modification?

Home Foreclosure News: Occupy Wall Street People Have Been Stealing Our Ideas on How to End the Home Foreclosure Crisis

Stopping Foreclosure: Loan Modification Program That Helps Struggling Homeowners

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter. Copyright © 2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.  Legal Disclaimer: The information dispensed on this blog is not to be taken as legal advice; it is for general purposes only. Please consult a qualified attorney — in your jurisdiction — before taking any action based on the information listed here. 

Home Foreclosure News of the Day: Do a Short Sale — Get Up to $30,000

Lenders seem to be getting smarter when it comes to the foreclosure crisis. An article in the Christian Science Monitor reported tha foreclosures are down and short sales are up.

This means good news for homeowners facing foreclosure who are eager to shed their property and move on with their lives. The article reported:

Instead of foreclosing on people, a costly and lengthy process, they’re increasingly using short sales to move people out of homes they can no longer afford. Short sales are not only faster than foreclosures, they often turn out to be cheaper. By forgiving part of the loan up front (a loss they would take anyway during foreclosure), lenders can get possession of a house faster and sell it before it has had time to deteriorate.  Homeowners get to shed their mortgage debt faster – and with less damage to their credit rating.

The article also mentioned that homeowners who complete a short sale could receive thousaands of dollars in relocation expenses — up to $30,000 — which can help them financially recover from a foreclosure.

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Related Posts

Facing Foreclosure? Thinking about Doing a Short Sale? Here are the Answers to 10 Frequently Asked Short Sale Questions

Short Sale: Definition, Credit Implications, Tax Implications & More 

What Is the Bank Short Sale Process for Sellers?

The Short Sale Process: How to Find a Short Sale Buyer for Your “About to Be Foreclosed On” Home

Short Sale Tax Implications: What Sellers Need to Know

The Top 5 Alternatives to Foreclosure: Which One is Best for You?  

Short Sale vs. Foreclosure: What’s the Difference between Them and Which One Hurts My Credit (FICO) Score More?

Foreclosure Advice: Should You Continue to Pay Your Mortgage While You Wait for a Home Loan Modification?

Stop Foreclosure: How to Ready Your Home for a Fast (Short) Sale

2 Foreclosure Options for Homeowners with Little or No Equity in Their Homes

Home Foreclosure News: Bankruptcy Attorney Explains Why Foreclosure Is Inevitable for the Vast Majority of Homeowners Going Through the Home Loan Modification Process

Credit and Foreclosure: 5 Easy Things You Can Do TODAY to Start Repairing Your Credit After Foreclosure

Foreclosure & Credit: How Does Foreclosure Impact Your Credit Report?

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright ©2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

California Foreclosure Law: A Closer Look at “The California Homeowner Bill of Rights”

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Editor Note: This is a follow-up to yesterday’s post, which discussed foreclosure laws in California.

California was one of the states that took the hardest financial hit of the nation’s housing crisis. As such, many legislators have been busy introducing changes to California foreclosure laws, all designed to strengthen homeowner rights. Because of this, the bills have been dubbed “The California Homeowner Bill of Rights.” Following is a quick rundown of what the rights homeowners will have if/when these measures pass.

California Foreclosure Laws: Assembly Bills Summarized

Assembly Bill 2425 and Senate Bill 1471: These bills are designed to protect those who take out mortgages by doing the following (and more): 

No More Getting the Runaround: This bill would define a mortgage servicer, and would, commencing July 1, 2013, require a mortgage servicer to establish a single point of contact when a borrower on a residential mortgage or deed of trust is 60 or more days delinquent;

You Get Paid If They “Robosign” Documents: The bill would provide that any entity that records a robosigned document, or files a robosigned document in a court relative to a foreclosure proceeding is liable for a civil penalty of $10,000 for each robosigned document; and

Allow Only Actual Owners to Sell: This bill would prohibit an entity from recording a notice of default or otherwise initiating foreclosure procedures unless the entity is the actual holder of the beneficial interest under the deed of trust, and would prohibit an entity acting as agent from doing so without specific direction from the actual owner of the beneficial interest under the deed of trust.

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Spring is Here! And, there’s plenty of foreclosure cleanup (and RE-related) jobs out there. Get your foreclosure cleanup “Business in a Box” and start this lucrative business right now for 40% Off! Click the box to learn how.

Copyright Violation Notice: If you’re reading this entire post (snippets are fine) on any blog other than ForeclosureBusinessNews.com, it is stolen content. Scraping content (eg, using software to illegally copy and paste copyrighted content from websites and blogs) is becoming a common practice which affects every site owner. So if you see this content someplace else, please take a quick moment to send an email to [info]at[ForeclosureBusinessNews.com] (remove brackets, of course) so that we can take the appropriate action. Thank you in advance for your help.
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Assembly Bill 1602: The rights bestowed by these bills are basically to ensure: 

i) Prove Ownership: Creditors must prove that they are indeed the actual owner of a property via proper documentation;

ii) No Foreclosure During Modification: No foreclosures can take place if a borrower is  in compliance with a loan modification plan, forbearance, or loan repayment plan, as specified, or if a short sale or deed-in-lieu of foreclosure has been approved;

iii) Deadline for Borrowers: Borrowers must be provided a deadline within which to submit an initial application for a loan modification;

v) Personal Service: Notices of foreclosure have to be erved in person, among other rights.

Senate Bill 1470: The purpose of this bill is to amend California’s foreclosure laws, by making permanent the servicing standards and other provisions of the National Mortgage Settlement.

Assembly Bill 1950: This bill would impose a new $25 fee to be paid by mortgage servicers when a notice of default is recorded. The fee would be deposited into a real estate fraud prosecution trust fund that would support the attorney general’s efforts to deter, investigate and prosecute real estate fraud crimes, including the work of the Mortgage Fraud Strike Force. 

Stop Foreclosure in California

While it’s too late for thousands who’ve lost their homes, these measures will help homeowners stop foreclosure in California in the future, which means that at least something meaningful has come out of this housing crisis.

Related Posts

California Foreclosure Law: The Right of Redemption

Stop Foreclosure: More than 90 Days Late on Your Mortgage? Here’s a Foreclosure Prevention Program for You

The OTHER Foreclosure Settlement: You May Be Eligible to Be Paid TWICE – Even If You Didn’t Lose Your Home to Foreclosure

Home Foreclosure News of the Day: Some States Not Using Foreclosure Settlement Monies to Help Struggling Homeowners

5 Banks Settle Foreclosure Lawsuits — How It Can Save Homeowners Facing Foreclosure Thousands of Dollars

Timeline For Foreclosure In All 50 States  

“Cash for Keys” Can Help if You Have a House in Foreclosure & Can’t Afford to Move

Get Foreclosure Help: How to Find Agencies that Will Help You Stop Foreclosure – For Free

Stopping Foreclosure: What the “Produce the Note” Defense Is & How It Can Help You Save Your Home from Foreclosure (Or at Least Stall)

Could Recent Mortgage Law Challenges Mean More Homeowners Won’t Face Foreclosure and/or That They Were Illegally Foreclosed On and Can Keep Their Homes?

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

Recent Forclosure Job Listings

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 5/11/2012

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 5/9/2012

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright ©2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

California Foreclosure Law: New Mortgage Laws Introduced

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Stopping Foreclosure in California: A Bevy of New Laws Introduced to Strengthen Homeowner Rights

As one of the hardest hit states in the foreclosure crisis, California homeowners have had their fair share of mortgage debt troubles. Robo-signing, unlawful foreclosures, sinking property values and high numbers of abandoned homes have all plagued California residents over the last few years. As the mortgage lending industry continues to be policed by federal regulatory agencies, there is some sign of improvement. However, California lawmakers are considering a new bill package that is aimed at better protecting homeowners and increased regulations for lenders.

Nearly 500,000 Californians that have lost their home to foreclosure since 2008, a driving force behind the new bill package being pushed by California Attorney General, Kamala Harris. The bill package includes a total of 11 new bills, five of the more notable bills overlap as Assembly and Senate bills.

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ASSEMBLY AND SENATE “HOMEOWNER BILL OF RIGHTS” PACKAGE

California Foreclosure Law Addressing Robosigning

In response to the robo-signing and unlawful foreclosure practices that many lenders have been found guilty of, Assembly Bill 2425 and Senate Bill 1471 increase the due process rights of borrowers. Under these bills, lenders would be required to provide homeowners at risk of foreclosure with a point of contact prior to initiating any proceedings against the property.

Penalties will be imposed on any lender found guilty of signing off on foreclosures without properly following procedures. Borrowers will also be allowed to challenge foreclosure proceedings in court if they choose to do so.

Assembly Bill 1602 and Senate Bill 1470 would call to extend the protections contained in the national mortgage settlement to all California homeowners. Lenders would be prohibited from filing default notices on properties that are currently being reviewed for alternative solutions to foreclosure. These bills also call for lenders to be able to provide documentation proving the right to foreclose on the property before proceedings could be initiated.

Assembly Bill 1950 would allow for prosecutors a four year window of opportunity to pursue charges against lenders for foreclosure-related crimes. Lenders would also be required to pay a $25 fee for each default notification that is filed, money that will be used to fund mortgage investigations by the attorney general’s office.

The remaining three overlapping bills of importance in this package address a variety of issues from increased attorney general rights to the rights of advanced notification for renters of a foreclosed property. In these bills, lenders cannot evacuate a home of a renter unless advanced notification of the foreclosure was provided.

California Foreclosure Law: Renter Protection

Renters will be allowed more time to vacate the premises, rather than receive an abrupt eviction notice.

California Foreclosure Law: Penalties for Owners of Abandoned/Foreclosed Properties

Cities will also be given the power to impose penalties on owners of abandoned or distressed foreclosures, in effort to defend against the negative consequences of some foreclosures.

Preventing Foreclosure Fraud in California

The attorney general will be allowed to create a special grand jury to conduct investigations into financial and mortgage-related crimes.

Related Posts

California Foreclosure Law: The Right of Redemption

Stop Foreclosure: More than 90 Days Late on Your Mortgage? Here’s a Foreclosure Prevention Program for You

The OTHER Foreclosure Settlement: You May Be Eligible to Be Paid TWICE – Even If You Didn’t Lose Your Home to Foreclosure

Home Foreclosure News of the Day: Some States Not Using Foreclosure Settlement Monies to Help Struggling Homeowners

5 Banks Settle Foreclosure Lawsuits — How It Can Save Homeowners Facing Foreclosure Thousands of Dollars

Timeline For Foreclosure In All 50 States  

“Cash for Keys” Can Help if You Have a House in Foreclosure & Can’t Afford to Move

Get Foreclosure Help: How to Find Agencies that Will Help You Stop Foreclosure – For Free

Stopping Foreclosure: What the “Produce the Note” Defense Is & How It Can Help You Save Your Home from Foreclosure (Or at Least Stall)

Could Recent Mortgage Law Challenges Mean More Homeowners Won’t Face Foreclosure and/or That They Were Illegally Foreclosed On and Can Keep Their Homes?

About the Author: Written by Chris Marvin Lee, who understands that financial hardships can affect honest, hard-working people. Growing up in a very blue collar family and rural area of Indiana, money didn’t always come easy for his parents. The struggles his family faced in his childhood made a significant impression on his business philosophy today. As a Fort Worth foreclosure attorney his practice has given him the opportunity to help many people save their homes from foreclosure.

Buying Foreclosures Cheap Can Actually Cost You More: What Happened to This Buyer Can Happen to You

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Many new investors are entering the real estate marketing looking to buy foreclosures cheap. But, it can go wrong all too easily, as the story of a Mississippi woman learned the hard way. What happened?

She bought a foreclosure and invested thousands in it — renovating it in hopes of flipping it for a profit. But, it turns out that her realtor had sold her the wrong property. The one she’d actually purchased was actually a few feet away — and it was much smaller and in need of a lot of repairs; it had extensive mold.

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What makes the story even more disconcerting is that there was no outright fraud or deceit in her case. It was simple incompetence, as outlined in the HuffingtonPost.com article, Terry Jordan, Mississippi Woman, Sold Wrong Foreclosed Home, which states:

Banks are still showing signs of disorganization on all things foreclosure. . . . The foreclosure process has been criticized as an impersonal experience, with little room for negotiating with banks. Some claim that banks often are too disorganized to even acknowledge receiving paperwork . . . .

This unfortunate story underscores the fact that with so many cheap foreclosures on the market — and with lenders being in such a rush to get them off their books — you have to do your due diligence as a buyer.

Although . . .  you’d think you could trust your realtor and the lender who’s selling the foreclosure to get a simple address correct — right?

Related Posts

3 Places to Find Cheap Foreclosure Properties Online – For Free

Wall Street Big Shots Getting in the Foreclosure Rental Market: What This Means for the Average Joe

What to Expect When Buying Foreclosures! From Finding a Property, to Getting a Foreclosure Loan, to When to Make an Offer

Buying Foreclosures Cheap — for as Little as $500 — Is REALLY Possible! Here’s Proof

Buy Foreclosures Cheap: Private Equity Firms are Snapping Up Foreclosed Properties – What This Means for the Average Joe

Buy Foreclosure House: What You Need to Know about Purchasing Pre-Foreclosures

Buying Foreclosures Cheap: Teenager Shows It Can be Done — Buys Foreclosed Property for $13,000 and Clears $700/Month in Rent

Buying Foreclosed Homes and Renting Them Back to Previous Owners Is Illegal: Is It Time for the Right-to-Rent Act to be Passed?

Home Foreclosure News of the Day: Why Some Cities are Tearing Down Foreclosed Homes

Cleveland Foreclosures: City Giving Land Away — The Reality of Foreclosure and What It’s Going to Take to Stop the Crisis from Getting Worse

Because of Home Foreclosures, Buying a Home Is Cheaper than Renting in Almost 75% of Largest American Cities

Home Foreclosures Causing Hard Time for Home Builders

Home Foreclosures Lead to Sustained Bright Outlook for Some Builders: Here’s Why

P.S.: Get Foreclosure Clean Up (& Other Real-Estated Related) Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs.

P.P.S.: Like this post? Tweet it and follow Foreclosure Business News on Twitter.

Copyright © 2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.  Legal Disclaimer: The information dispensed on this blog is not to be taken as legal advice; it is for general purposes only. Please consult a qualified attorney — in your jurisdiction — before taking any action based on the information listed here. 

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 5/11/2012

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Property Preservation Subcontractor Needed (Ft. Pierce, FL (and Surrounding Areas)): Complete work on foreclosed / REO properties. Tools/Equipment Needed: Reliable transportation (truck); commercial –grade lawn care equipment (eg, mower, weed eater, edgers, blowers, etc.); general handy man tools; and digital camera (to take before/after pictures). Paid weekly.  Get full details on this property preservation job.

Property Preservation Vendor Wanted for Lawn Mowing / Foreclosure Cleaning Jobs (Dallas (Princeton), TX): Clean and remove trash/debris from foreclosed homes; also maintain lawn on ongoing basis. Requirements: Ability to lift 50+ lbs. Get full details on this foreclosure cleaning job.

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Spring is Here! And, as these opportunities illustrates, there are plenty of foreclosure cleanup (and RE-related jobs out there). Get your foreclosure cleanup “Business in a Box” and start this lucrative business right now for 40% Off! Click the box to learn how.

Copyright Violation Notice: If you’re reading this entire post (snippets are fine) on any blog other than ForeclosureBusinessNews.com, it is stolen content. Scraping content (eg, using software to illegally copy and paste copyrighted content from websites and blogs) is becoming a common practice which affects every site owner. So if you see this content someplace else, please take a quick moment to send an email to [info]at[ForeclosureBusinessNews.com] (remove brackets, of course) so that we can take the appropriate action. Thank you in advance for your help.
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Property Preservation Subcontractors Sought (South Florida (Ft. Pierce & Surrounding Area)): Seeking several contractors to complete work on foreclosed / REO properties. Tools/Equipment Needed: Reliable transportation (truck); commercial –grade lawn care equipment (eg, mower, weed eater, edgers, blowers, etc.); general handy man tools; and digital camera (to take before/after pictures). Paid weekly.  Get full details on this property preservation job.

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Editor Note
: Learn How to Pass a Property Preservation Quiz for Foreclosure Cleanup Subcontracting Work.
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Property Preservation Subcontractors Needed (Seattle, WA): Experienced, reliable contractors needed to work on REO / foreclosed properties (residential) in WA, as well as other states. Must have own (dependable) transportation, as well as general handyman tools; your own general liability insurance; and a digital camera (will be required to provide before/after pictures of properties).  Duties include: ongoing lawn maintenance (Mar – Oct); winterization; securing /removing pools; boarding up of windows/doors; preparing bids; etc.  Rate of Pay: Depends on by price sheets for common work and bids submitted by other contractors. Get full details on this property preservation job.

Property Preservation Crews Needed in 2 States (AZ; CA): Seeking fast-working, reliable crews who can perform complete trashouts, ie, general cleaning, lawn maintenance, board-ups (windows/doors); lock changes; property securitization; winterization; etc. Ongoing work required (eg, bi-weekly lawn mowing). Must have general liability insurance, as well as all necessary tools and lawn care equipment. Time is money – we seek property preservation specialists who understand this. Get full details on this property preservation job.

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P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

Recent Listings

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 5/9/2012

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright ©2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Facing Foreclosure? Thinking about Doing a Short Sale? Here are the Answers to 10 Frequently Asked Short Sale Questions

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

If you’re facing foreclosure, one of the things you can do to avoid it is conduct a short sale.

What is a short sale?

In case you don’t know, a short sale is when you sell your home for less than what it owed on it. We’ll go over the definition again inteh article below. Also, you can learn much more about short sales in a week-long series we did on this topic last summer.  The entire series of posts — which covers everything from tax implications to what to expect during the process —  are as follows:

Short Sale: Definition, Credit Implications, Tax Implications & More (July 5th) 

What Is the Bank Short Sale Process for Sellers? (July 6th)

The Short Sale Process: How to Find a Short Sale Buyer for Your “About to Be Foreclosed On” Home (July 7th)

Short Sale Tax Implications: What Sellers Need to Know (July 8th)

Now, on to the article entitled . . .

10 Frequently Asked Short Sale Questions

After reading the above series of articles, you should have a really good grasp of what shorts sales are and the pros and cons of selling your home this way. For more clarifying detail, following are some commonly asked questions about this real estate transaction (from both a seller and a buyer’s point of view).

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Buy Foreclosures Cheap! Get Firsthand Advice from a Real Estate Investor, Landlord and RE Cleaning Company Owner
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1. What happens to the seller’s credit rating when they allow an investor to short sell their property?

What typically happens is the loan will show up as “paid” on their credit report; however there will be a notation that says “settled for less than originally owed” or something along these lines. It is more favorable for a homeowner to short sell than to have a foreclosure on their credit report.

2. Where do you find investors for Short Sales?

Depending on where you live, you may see investors who advertise with bandit signs or in your local newspaper. Call the investors directly and ask them if they are experienced in doing short sales and if they would be interested in working with you. Another good place is your local real estate investors’ club meeting.

3. Define Short Sale?

A short sale is really a form of pre-foreclosure sale and occurs when the mortgagee agrees to accept less than the loan amount to avoid foreclosure. A negotiated short sale results in a discounted purchase price for the buyer. The buyer would finance the acquisition much the same as in any conventional realty acquisition . . . but without the luxury of time.

4. Can a homeowner (seller) profit from a short sale?

The seller cannot profit (monetarily) from a pre-foreclosure short sale. But there are always exceptions to the rule.

5. How do bankruptcies affect the possibility of doing a short sale?

Most mortgagees won’t consider a short sale if the homeowner is in bankruptcy. Why? Because negotiating a short sale payoff is considered a collection activity. Collection activities are prohibited in bankruptcy.

6. Can somebody tell me what documents do I have to include in a short sale package?

What’s required varies from lender to lender, so there is no cut and dried answer. In short, documents needed depend on the lender and each lender has different requirements. It is typical to require the following: a hardship letter, a purchase and sales contract, ECOR, a settlement statement (HUD 1), net sheet, pay stubs, bank statements, a personal financial sheet (monthly budget), etc. 

7. What percentage of mortgage companies send someone out for an appraisal on a possible short sale?

All lenders order a BPO or full appraisal of the property before making their decision to accept or reject the short sale offer. This is there only way of assessing the value of the property.

8. How late in the pre-foreclosure process can you start a short sale?

Try to allow a window of at least 90 days to effectuate a mortgagee- approved, pre-foreclosure short sale.

9. What is a Due on Sale Clause?

“Due on Sale” Clause (DOS) Provision in a mortgage or deed of trust calling for the total payoff of the loan balance in the event of a sale or transfer of title to the secured real property. A contract provision which authorizes the lender, at its option, to declare immediately due and payable sums secured by the lender’s security instrument upon a sale of all or any part of the real property securing the loan without the lender’s prior written consent.

For purposes of this definition, a sale or transfer means the conveyance of real property of any right, title or interest therein, whether legal or equitable, whether voluntary or involuntary, by for deed, leasehold interest with a term greater than three years, lease-option contract or any other method of conveyance of real property interests. Standard language which states that the loan must be paid when a house is sold.

10. Will banks allow a short sale when the owner has some or a good amount of equity?

If a property has what the lender would consider a substantial amount of equity, chances are they would consider allowing the property to foreclose and then reselling it closer to the retail value. Focus on homes that do not have much equity. Your job will be to create the equity in the home by negotiating a successful short sale.

Related Posts

The Top 5 Alternatives to Foreclosure: Which One is Best for You?  

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Stop Foreclosure: How to Ready Your Home for a Fast (Short) Sale

2 Foreclosure Options for Homeowners with Little or No Equity in Their Homes

Home Foreclosure News: Bankruptcy Attorney Explains Why Foreclosure Is Inevitable for the Vast Majority of Homeowners Going Through the Home Loan Modification Process

Credit and Foreclosure: 5 Easy Things You Can Do TODAY to Start Repairing Your Credit After Foreclosure

Foreclosure & Credit: How Does Foreclosure Impact Your Credit Report?

About the Author: Mr. Fowler has been a real estate investor for over 15 years specializing in the area of pre-foreclosure/short sale investing. He has bought and sold over 200 homes in Georgia, Florida, Louisiana, and Tennessee using the same short sale techniques that he teaches in his course, Making Money with Short Sales: The Complete Guide to Acquiring Property Pre-Foreclosure. Mr. Fowler currently resides in Atlanta Georgia. He also spends many hours per month teaching his creative real estate investing techniques to other aspiring investors across the country.

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright ©2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 5/9/2012

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

FYI: See this post for some helpful info — Advice on Bidding for Foreclosure Cleaning and Other Lite Commercial/ Landscaping / Construction Type Jobs.

City Landscaping Contract (Ridgewood, NJ): The Ridgewood Public Library seeks proposals from qualified landscape maintenance contractors to perform professional upkeep to grounds and paved areas comprising the Pease Property, 30 Garber Square in Ridgewood, NJ.Tour of grounds to be held on May 11, 2012 (not mandatory). Deadline to Apply: May 24, 2012. Get full details on this landscaping contract.

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Spring is Here! And, what better time to start a foreclosure cleanup business! Get your foreclosure cleanup “Business in a Box” and start this lucrative business right now for 40% Off! Click the box to learn how.

Copyright Violation Notice: If you’re reading this entire post (snippets are fine) on any blog other than ForeclosureBusinessNews.com, it is stolen content. Scraping content (eg, using software to illegally copy and paste copyrighted content from websites and blogs) is becoming a common practice which affects every site owner. So if you see this content someplace else, please take a quick moment to send an email to [info]at[ForeclosureBusinessNews.com] (remove brackets, of course) so that we can take the appropriate action. Thank you in advance for your help.
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Property Preservation Company Seeks Lawn Mowing Crews (Long Island, NY): Rapidly growing property preservation seeks reliable vendors who can manage mowing 25+ lawns a day, 5-7 days per week. Must have driver’s license. Get full details on this lawn care job.

Property Preservation Contractors Needed (Tyler, TX & Statewide)): Duties: Secure foreclosed on/REO properties; ongoing lawn maintenance; remove trash and debris, winterization; boarding up of pools, doors and windows; general repairs (eg, electrical, plumbing); etc. Get full details on this property preservation job.

Related Posts

Want to Know Where to Find Foreclosure Cleanup Clients For Your Business? Look No Further than This . . .

Advice on Bidding for Foreclosure Cleaning and Other Lite Commercial/Construction Type Jobs

Advice on How to Bid on Janitorial and Commercial Cleaning Jobs

Foreclosure Cleanup Jobs: New Biz Owner Lands 10 Jobs from Property Preservation Company

Foreclosure Cleaning Jobs: Why Landlords Are Fertile Marketing Ground for Foreclosure Cleanup Businesses

Foreclosure Cleaning: How to Get Non-Foreclosure Cleaning Jobs

Foreclosure Cleanup: Many Cities Allocating Gov’t Funds to Cleaning Foreclosed Properties

FAQs About Cleaning Foreclosures a Living

Foreclosure Cleaning Business: Why You Should Never Discuss Rates or Prices Over the Phone

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright ©2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

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