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Dan Hopper's Blog

By Dan Hopper | Broker in Westminster, CO
  • Extending the Mortgage Forgiveness Debt Relief Act!

    Posted Under: General Area in Westminster, Home Selling in Westminster, Foreclosure in Westminster  |  September 5, 2012 7:54 AM  |  128 views  |  No comments

    Westminster, CO - A very important Bill is about to expire, and it impacts many across the country while trying to Stop a Foreclosure without facing such liabliities, such as, taxex on reported 1099 income to the IRS.

    Many still need to perform a short sale and this one item is of great importance in the process!!  There are other impacts that one should review on in the Mortgage Debt Forgiveness, below.


    http://www.irs.gov/individuals/article/0,,id=179414,00.html


    The Mortgage Forgiveness Debt Relief Act
    is due to expire at the end of 2012. 

    This will have serious financial implications on
    many American Homeowners.

    Please  sign the petition to continue this Bill!


    Petion to Extend HB3648


    Thanks for reading this,  Dan Hopper.

    View My homes for sale at www.danhopper.com.

    Dan Hopper specializes in assisting home owners to avoid Foreclosure in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.


    FOLLOW DAN HERE:

    TWITTER YOU TUBE FACEBOOK LINKEDIN

    Important Notice

    Dan Hopper, Remax Alliance, and the Stop Foreclosure help are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

    Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

    However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

    We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

    This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

    You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

    The views expressed here are Dan Hopper's personal views and do not reflect the views of RE/MAX Alliance.

  • Citi Mortgage is Way OFF, Again!!

    Posted Under: General Area in Westminster, Home Selling in Westminster, Foreclosure in Westminster  |  May 21, 2012 11:49 AM  |  174 views  |  No comments

    Westminster, CO - Once again, working a short sale with a Large Lender, CitiMortgage, has become an absolute JOKE!!

     Our short sale team is off working an FHA short pay-off, and CitiMortgage is the servicer of this loan. For over the last 6 weeks they have DONE nothing on our file, since they still believe it is in the Chapter 13 BK. We have explained to them that this property does NOT reside in the CH 13 BK.

    So the constant requests for the last couple weeks of asking for the BK Trustee to produce a letter of Abandonment, is not necessary. Of course, they did not decide to request this until after 6 weeks of providing our short sale team with BAD status of the file.

    The Title company removed the requirement from the title work, since they understood the Confirmation of Plan, that was done last year. Here we have a title company willing to insure and yet Citi refuses to accept that.

    We provided CitiMortgage with the Confirmation of Plan, 8 weeks ago, as well. They said it is "vague", and would not proceed with the file until we got the letter of abandonment from the Trustee. Needless to say, we have been pleading our case to NOT hold the file back, but proceed, since the FHA appraisal was done over 8 weeks ago, and we need the ATP, now!!

     Of course, they have refused!!

     Hopefully, we have this resolved. The BK Trustee will provide a letter stating that this property is NOT in the CH 13, and the Confirmation of Plan is very clear that this property does not need the Trustee's approval to sell.

     For future reference to a Chapter 13 BK, YOU DO NOT need a Letter of Abandonment, NOR the approval of the BK Trustee, if the Confirmation of Plan has language in it, like, "All property shall revest back to the estate of the debtor" Simply put, the Trustee has NO INTEREST in that real property!!

     I guess it is too difficult for the "geniuses" in the Loss Mitigation Dept to have their own legal dept review legal documents that THEY DO NOT UNDERSTAND!! Thanks for reading this, Dan Hopper.

    View My homes for sale at www.danhopper.com.

    Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

    For related blog / video blogs, click on the links, below!!

    http://denverloanmodhelp.com/?p=329

    www.youtube.com/user/denverloanmodhelp

    www.youtube.com/user/yourhomesellshere

    FOLLOW DAN HERE:
    TWITTER YOU TUBE FACEBOOK LINKEDIN
    Important Notice

    Dan Hopper, Remax Alliance, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

    Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

    However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

    We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

    This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

    You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

    The views expressed here are Dan Hopper's personal views and do not reflect the views of RE/MAX Alliance.
  • Another 2 Short Sale Listings SOLD, Saving Home Owners From Foreclosure!

    Posted Under: General Area in Westminster, Home Selling in Westminster, Foreclosure in Westminster  |  April 30, 2012 7:41 AM  |  236 views  |  No comments
    Westminster, CO - It is very satisfiying to have a coulpe of our Short Sale listings have a successful closing in the last month, and get SOLD!

    View those listings, here:






    Not only the success of doing what you were hired to do, but to help Home Owners put a STOP to the Foreclosure process!   By performing the short sale, the sellers were able to still maintain some control during this process.

    When confronted with a life changing event that forces you to miss your home loan payments, and you feel there is NO way out, you might want to consider the option of performing a short sale, rather than a "deed in lieu" or just plain walking away and letting the bank foreclose to take the property from you!

    Take a moment to view some of our Video Blogs on Short Sales, loan modifications, and how to STOP foreclosure!


     www.youtube.com/user/denverloanmodhelp

     www.youtube.com/user/avoidforeclosures

     www.youtube.com/user/yourhomesellshere  



    Thanks for reading this,  Dan Hopper.

    View My homes for sale at www.danhopper.com.

    Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.


    FOLLOW DAN HERE:
    TWITTER YOU TUBE FACEBOOK LINKEDIN

    The views expressed here are Dan Hopper's personal views and do not reflect the views of RE/MAX Alliance.
  • Stop Foreclosure: Reminder for Mortgage Debt Forgiveness, HB3648!

    Posted Under: General Area in Denver, Market Conditions in Denver, Foreclosure in Denver  |  January 4, 2012 9:24 AM  |  758 views  |  No comments

    Denver,CO – We are moving into the last year of the Mortgage Debt Forgiveness Bill, HB3648, that was put into place by the Bush Administration and extended by Obama's until Dec. 20th, 2012.

    You are asking WHY is this important?

    One of the important issues of this HB, is that it allowed for the home loan borrowers to protect themselves from the "TAX Liability" on any deficiencies or outstanding debts incurred due to a short sale process.

    Understand that it MAY NOT protect ALL home loan borrowers from the "tax liability", such as an investor that borrowed the funds to PURCHASE an investment property. You might need more assistance from your tax accountant to determine this.


    http://www.youtube.com/watch?v=Y5A0B9IKdPM&feature=related


    Do not forget the implications of HB3648! Reminder for you, if you had performed a short sale closing in the year 2011, get with your attorney and tax accountant to take advantage of this law!

    If you need to perform a short sale TODAY, to avoid or stop a foreclosure, get it done before the end of December 2012... or it might be too late!

    We all want to avoid the immediate tax implications of a short pay-off deficiency and outstanding debt!


    Thinking about a loan modification?Our Westminster loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Request your FREE copy, by sending me an email at denverloanmodhelp@gmail.com.


    Thanks for reading this, Dan Hopper.

    View My homes for sale at www.danhopper.com.

    Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

    For related blog / video blogs, click on the links, below!!

    www.youtube.com/user/denverloanmodhelp

    www.youtube.com/user/yourhomesellshere

    FOLLOW DAN HERE:
    TWITTER YOU TUBE FACEBOOK LINKEDIN
    Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

    Important Notice

    Dan Hopper, Remax Alliance, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

    Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

    However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

    We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

    This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

    You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

    The views expressed here are Dan Hopper's personal views and do not reflect the views of RE/MAX Alliance.

    This information on Stop Foreclosure: Reminder for Mortgage Debt Forgiveness, HB3648!, is provided as a courtesy to our viewers to help them make informed decisions.
  • Stop Foreclosure: How Does A HELOC Impact A Denver Short Sale?

    Posted Under: General Area in Denver, Market Conditions in Denver, Foreclosure in Denver  |  January 2, 2012 8:37 AM  |  759 views  |  4 comments

    Denver,CO – Understanding what a HELOC is will assist your real estate Advocate, in negotiating the short sale approval in a proper manner.

    What is a HELOC? Home Equity Line of Credit!! Which means it is NOT like your normal "home loan". In fact, it is not under the same guidelines or regulations as a home loan. It is treated just like a credit card with collateral!!

    If this is not properly understood, it may cause the short sale to NOT be approved if you are not negotiating with the 1st lien holder knowing what the HELOC will accept for a short pay-off.

    Review the video, below!




    Learn how to negotiate the HELOC and discover what may have to been done to get this short sale approved, and the consequences to the Seller!

    Thinking about a loan modification?Our Westminster loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Request your FREE copy, by sending me an email to denverloanmodhelp@gmail.com


    Thanks for reading this, Dan Hopper.

    View My homes for sale at www.danhopper.com.

    Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

    For related blog / video blogs, click on the links, below!!

    www.youtube.com/user/denverloanmodhelp

    www.youtube.com/user/yourhomesellshere

    FOLLOW DAN HERE:
    TWITTER YOU TUBE FACEBOOK LINKEDIN
    Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

    Important Notice

    Dan Hopper, Remax Alliance, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

    Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

    However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

    We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

    This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

    You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

    The views expressed here are Dan Hopper's personal views and do not reflect the views of RE/MAX Alliance.

    This information on Stop Foreclosure:How Does A HELOC Impact A Denver Short Sale?, is provided as a courtesy to our viewers to help them make informed decisions.
  • Stop Foreclosure: Learn The Foreclosure Process in Your State!

    Posted Under: General Area in Denver, Market Conditions in Denver, Foreclosure in Denver  |  January 2, 2012 8:29 AM  |  663 views  |  No comments

    Denver,CO – How often do you work with a listing broker of a short sale that does NOT quite understand the timeline in their foreclosure process?

    This happens way too much! Thus, causing some uncertainty in getting the short sale approval from the bank when less than 30 days from the foreclosure sale date.

    In Colorado, we do have an accelerated foreclosure process than a lot of states in the Union. We have worked with other listing brokers that DID NOT pay attention to the timeline OR did not use it for their advantage when negotiating the short sale with the lender(s).

    Keep these factors in mind:

    1) Some lenders / investors will NOT postpone the foreclosure sale date!

    2) There are certain circumstances when less than 90 days from the foreclosure sale date, the HAFA program will be denied, so do NOT waste your time trying to work it!

    3) Placing the property on the market with less than 30 days from the foreclosure sale date may be a loss effort! Search to find out what lenders / investors will postpone with a buyer contract in hand and those that will not postpone, regardless of a buyer contract in place.

    4) Learn how the short sale lender postpones the foreclosure sale date, and for how long and how many times. (Most will do it for 30 days and at least 2 times). Knowing this may allow you to get a proper buyer contract in place to negotiate the short sale.

    Understanding the timeline for a foreclosure sale will help you in becoming a better real estate Advocate for you clients!

    Thinking about a loan modification?Our Westminster loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Request your FREE copy, by sending me an email to denverloanmodhelp@gmail.com

    Thanks for reading this, Dan Hopper.

    View My homes for sale at www.danhopper.com.

    Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

    For related blog / video blogs, click on the links, below!!


    www.youtube.com/user/denverloanmodhelp

    www.youtube.com/user/yourhomesellshere

    FOLLOW DAN HERE:
    TWITTER YOU TUBE FACEBOOK LINKEDIN
    Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

    Important Notice

    Dan Hopper, Remax Alliance, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

    Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

    However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

    We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

    This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

    You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

    The views expressed here are Dan Hopper's personal views and do not reflect the views of RE/MAX Alliance.

    This information on Stop Foreclosure:Learn The Foreclosure Process in Your State!, is provided as a courtesy to our viewers to help them make informed decisions.
  • Stop Forelcosure: Not All Short Sales Should Have Promissory Notes to Succeed!

    Posted Under: General Area in Denver, Market Conditions in Denver, Foreclosure in Denver  |  December 21, 2011 2:15 PM  |  782 views  |  No comments

    Denver, CO – There are numerous stories of how the Seller of a short sale got stuck with a promissory note on the deficiency or a part thereof!

    Having the right Short Sale Broker can help determine when it becomes necessary and when it should NOT be allowed, to reach a successful short pay-off approval without deficiency recourse. This does NOT happen all the time, but an experienced Realtor will know the ins and outs of it!

    Here is a good example of this happening. A real estate agent had a short sale with one of the largest lenders in America. The short sale negotiator said that they would not approve the short sale unless the seller came to closing with 50k cash. The sellers said no way.

    Fortunately, the agent knew that Fannie Mae owned their loan. The good news for the seller is that Fannie Mae does not ask for promissory notes or pursue deficiencies. (There are a couple exceptions, but they didn't apply here.) If those are Fannie Mae's Guidelines, then why would the short sale negotiator require the seller to bring 50k to closing?

    Turns out the negotiator was not following Fannie Mae's Short Sale Guidelines. The agent contacted Fannie Mae directly. Within 72 hours a supervisor called from the short sale department. This time they were singing a different tune.

    The sale was approved and the promissory note waived. The seller got to walk away owing zero. Why do things like these happen? Because, in our opinion, there is little oversight over the short sale process. Nothing happens when a short sale gets rejected and sells for less as a bank owned property. No, don't kid yourself, this happens a lot.

    These short sale negotiators develop an adversarial mindset. They probably even get paid bonuses based on how much money they squeeze out of short sale sellers. This causes their ego to get in the way of what is best for the owner of the loan. If you are thinking about short selling your home, make sure your agent knows how to research who the owner of your loan is. That info will allow them to negotiate from a position of power. And it will help you avoid a deficiency or promissory note.

    Thinking about a loan modification?Our Westminster loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Request your FREE copy, by sending me an email to denverloanmodhelp@gmail.com


    Thanks for reading this, Dan Hopper.

    View My homes for sale at www.danhopper.com.

    Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

    For related blog / video blogs, click on the links, below!!

    www.youtube.com/user/denverloanmodhelp

    www.youtube.com/user/yourhomesellshere

    FOLLOW DAN HERE:
    TWITTER YOU TUBE FACEBOOK LINKEDIN
    Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

    Important Notice

    Dan Hopper, Remax Alliance, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

    Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

    However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

    We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

    This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

    You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

    The views expressed here are Dan Hopper's personal views and do not reflect the views of RE/MAX Alliance.

    This information on Stop Forelcosure: Not All Short Sales Should Have Promissory Notes to Succeed!, is provided as a courtesy to our viewers to help them make informed decisions.
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