My New Blog

Livermore Short Sales: How Do You Handle Multiple Offers?

June 3rd, 2011 9:31 AM

Livermore CA – The Stop Foreclosure Institute recently received a question from another agent. Here was her question."I have a short sale listed. At what time in the short sale process do you stop accepting additional offers for submittal to the lender? If you accept another offer after you've already submitted one to the lender, does it reset your timeline to the beginning?Do you just put them in backup position? What about the poor buyer whose offer was submitted and has already been waiting for weeks for lender approval?Do you allow them to match the higher offer? You guys have so much experience, how do you handle this? Thanks! Diane."Get my Free, Step By Step Loan Modification Guide by clicking here.

Here was our answer. It all depends. We like to stay with the original offer if possible. But, we don't always do that. It all depends on what the seller wants to do.If the bank is asking for a deficiency or promissory note, then the seller may want to submit the higher backup offers. We run this for the sellers and not the buyers benefit. We feel that it is our job is to represent the seller.If the short sale lender does not like the first offer, then we will submit the next offer. But, if they accept the first offer, then we recommend that the seller go with that one to honor the first buyer.That buyer has waited the longest and deserves to be rewarded for their patience.

Thinking about a loan modification?Our Livermore loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at homes@lynneronen.com to request a Free Copy. Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at homes@lynneronen.com. I will contact you for a free consultation.When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 925-786-3765Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.Thanks for reading this, Lynne Ancien-Ronen.Lynne is a Real Estate Agent at BMC Real Estate. Livermore Short Sales Realtor:Phone: 925-786-3765. homes@lynneronen.com.99.9% gets short sales done!View My homes for sale at www.shortsale911now.com.Lynne Ancien-Ronen specializes in loan modification assistance and short sales in Livermore California. Livermore Loan Modification Help, Livermore Short Sales, Livermore Short Sale Realtor. Livermore CA Short Sales. Livermore Realtor.Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important NoticeLynne Ancien-Ronen, BMC Real Estate, 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 Ancien-Ronen's personal views and do not reflect the views of BMC Real Estate.This information on Livermore Short Sales: How Do You Handle Multiple Offers? is provided as a courtesy to our viewers to help them make informed decisions.

Posted by Lynne Ronen on June 3rd, 2011 9:31 AMPost a Comment (0)

Livermore Short Sales: A 2nd Common Loan Modification Mistake and How to Avoid It

December 31st, 2010 9:11 AM

Livermore CA – Here is another common loan modification mistake that many homeowners make. They accept a very short term payment agreement that is not a loan modification.

They could have gotten a real modification, but settled for whatever the lender recommended to them. They settled for what is called forbearance. Here’s how it works.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

A forbearance does not reduce your payments. It doesn’t reduce your back payments, or reduces them very little. The lender just allows you to catch up on all the debt over a set time period.

You start paying your normal payments again. In addition, you also have to pay extra every month to catch up the back payments.

Many homeowners are so desperate to keep their home that they agree to this. It is the first thing recommended by their lender and they just accept it.

http://stopforeclosurelivermore.info/short-sale.html In some cases this is good for the homeowner.

They didn’t experience a big drop in income and can afford the payment. But, if their income was reduced, then they are setting themselves up for failure. Why?

Many lenders have a policy that they won’t negotiate a loan modification with someone who has already defaulted on a forbearance or loan modification.

No, they won’t admit this in public. And it usually isn’t a written policy. They just simply put people asking for a new modification on the back burner.

The bottom line: Don’t accept a forbearance unless you can afford the payments. If you do accept it and later default, then you are putting yourself at a much higher risk of losing your home.

We offer a loan modification guide to consumers. Here is what we cover in the Stop Foreclosure Institute's Loan Modification Insider Secrets Guide.

* An easy to understand, Step By Step Guidebook.

* How to write a Hardship Letter that gets your loan modification approved.

* Three big loan modification mistakes and how to avoid them.

* Loan Modification from the lenders point of view.

* How the Making Home Affordable Program can help you.

* What not to do so you don't risk being carted off to jail.

* How to calculate your budget properly to increase your chance of success.

To request this kit, please click here to request a copy.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at homes@lynneronen.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (925) 786-3765

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thanks for reading this, Lynne Ancien-Ronen.

Lynne is a Real Estate Agent at Excel Realty and Mortgage. Livermore Short Sales Realtor:

Phone: (925) 786-3765. homes@lynneronen.com

Passionate About Helping Homeowners !

View My homes for sale at http://www.lynneronen.com

Lynne Ancien-Ronen specializes in loan modification assistance and short sales in Livermore California. Livermore Loan Modification Help, Livermore Short Sales, Livermore Short Sale Realtor.
Short Sale Realtor. Livermore CA Short Sales. Livermore Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. 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. The views expressed here are Lynne Ancien-Ronen's personal views and do not reflect the views of Excel Realty and Mortgage.

This information on Livermore Short Sales: A 2nd Common Loan Modification Mistake and How to Avoid It is provided as a courtesy to our viewers to help them make informed decisions.

Posted by Lynne Ronen on December 31st, 2010 9:11 AMPost a Comment (0)

Just Listed! 16151 Via Arriba San Lorenzo, CA 94580

March 17th, 2010 4:10 PM

$325,000.00
16151 Via Arriba

San Lorenzo, CA 94580

Beds: 3	Rooms: 6
Full Baths: 1	Sq. Ft.: 1092
Garage: 0	Built: 1944

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.

If you have any questions
about this property or
require more information,
please feel free to call.

Lynne Ronen
Excel Realty and Mortgage
9257863765
www.lynneronen.com

Visit this listing here

Posted by Lynne Ronen on March 17th, 2010 4:10 PMPost a Comment (0)

Just Listed! 5530 Bridgeport Cir Livermore, CA 94551

March 17th, 2010 3:53 PM

$419,000.00
5530 Bridgeport Cir

Livermore, CA 94551

Beds: 4	Rooms: 8
Full Baths: 2	Sq. Ft.: 1564
Garage: 2	Built: 1972

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.

If you have any questions
about this property or
require more information,
please feel free to call.

Lynne Ronen
Excel Realty and Mortgage
9257863765
www.lynneronen.com

Visit this listing here

Posted by Lynne Ronen on March 17th, 2010 3:53 PMPost a Comment (0)

Just Listed! 9505 Velvet Leaf Circle San Ramon, CA 94582

March 12th, 2010 3:28 PM

$1,150,000.00
9505 Velvet Leaf Circle

San Ramon, CA 94582

Beds: 3	Rooms: 8
Full Baths: 2	Sq. Ft.: 2740
Garage: 3	Built: 2001

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.

If you have any questions
about this property or
require more information,
please feel free to call.

Lynne Ronen
Excel Realty and Mortgage
9257863765
www.lynneronen.com

Visit this listing here

Posted by Lynne Ronen on March 12th, 2010 3:28 PMPost a Comment (0)

Just Listed! 6128 Seneca Cir Discovery Bay, CA 94514

November 23rd, 2009 7:57 PM

$299,000.00
6128 Seneca Cir

Discovery Bay, CA 94514

Beds: 4	Rooms: 0
Full Baths: 3	Sq. Ft.: 3405
Garage: 0	Built: 2005

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.

If you have any questions
about this property or
require more information,
please feel free to call.

Lynne Ronen
Excel Realty and Mortgage
9257863765
www.lynneronen.com

Visit this listing here

Posted by Lynne Ronen on November 23rd, 2009 7:57 PMPost a Comment (0)

$8,000 for First time homebuyers

March 15th, 2009 10:46 PM

Final score: $8,000 for homebuyers

First-time purchasers get a tax credit windfall if they buy before December 2009.

By Les Christie, CNNMoney.com staff writer

NEW YORK (CNNMoney.com) -- There's a nice windfall for some homebuyers in the economic stimulus bill awaiting President Obama's signature on Tuesday. First-time buyers can claim a credit worth $8,000 - or 10% of the home's value, whichever is less - on their 2008 or 2009 taxes.

A big plus is that the credit is refundable, meaning tax filers see a refund of the full $8,000 even if their total tax bill - the amount of witholding they paid during the year plus anything extra they had to pony up when they filed their returns - was less than that amount. But there has been a lot of confusion over this provision. Adam Billings of Knoxville, Tenn. wrote to CNNMoney.com asking:

"I will qualify as a first-time home buyer, and I am currently set to get a small tax refund for 2008. Does that mean if I purchased now that I would get an extra $8,000 added on top of my current refund?"

The short answer? Yes, Billings would get back the $8,000 plus what he'd overpaid. The long answer? It depends. Here are three scenarios:

Scenario 1: Your final tax liability is normally $6,000 . You've had taxes withheld from every paycheck and at the end of the year you've paid Uncle Sam $ 6,000 . Since you've already paid him all you owe, you get the entire $ 8,000 tax credit as a refund check.

Scenario 2 : Your final tax liability is $6,000 , but you've overpaid by $1,000 through your payroll witholding. Normally you would get a $1,000 refund check. In this scenario, you get $9,000 , the $8,000 credit plus the $1,000 you overpaid.

Scenario 3: Your final tax liability is $6,000 , but you've underpaid through your payroll witholding by $1,000. Normally, you would have to write the IRS a $1,000 check. This time, the first $1,000 of the tax credit pays your bill, and you get the remaining $7,000 as a refund.

To qualify for the credit, the purchase must be made between Jan. 1, 2009 and Nov. 30, 2009. Buyers may not have owned a home for the past three years to qualify as "first time" buyer. They must also live in the house for at least three years, or they will be obligated to pay back the credit.

Additionally, there are income restrictions: To qualify, buyers must make less than $75,000 for singles or $150,000 for couples. (Higher-income buyers may receive a partial credit.)

Applying for the credit will be easy - or at least as easy as doing your income taxes. Just claim it on your return. No other forms or papers have to be filed. Taxpayers who have already completed their returns can file amended returns for 2008 to claim the credit.

Posted by Lynne Ronen on March 15th, 2009 10:46 PMPost a Comment (0)

A Testimonial For Lynne Ronen

October 16th, 2008 11:22 AM

Dear Lynne -

Please post this to your web site. After nearly three years of trying to get my sister to move from San Francisco to Livermore, it is finally going to happen, and I want everyone to know what a jewel they'd find in you, not only as a realtor, but as a human being who sincerely cares what is best for her clients and their families.

When we found you through your shortsales911now.com web site, it was on a holiday weekend, Sunday to boot. We saw an REO that looked interesting and called to inquire. Much to our surprise, you picked up the phone personally. We had made other calls to realtors that day and before and received voice mail after voice mail and left message after message, none of which were returned in a timely fashion or at all, in most cases. Well, not only did you answer your phone, you offered to show us the place IMMEDIATELY! Of course, that was a total shock because, after all, it was a holiday weekend. You seemed very eager to be of assistance, so we accepted your invitation to meet at the property within the hour. In the meantime, you had to hunt down the listing agent to get the lock box combo so we could go into the premises, but somehow you pulled it off on extremely short notice.

The house had great curb appeal and good bones, as you know, but needed a lot of work to become habitable. Still, it was still a good value, so my sister wrote an offer right then and there for list price. When the bank countered for $10,000 more, my sister wasn't comfortable with this tactic and held firm and countered back at list. This was the first time we saw how much you believe in doing what is right for the client. The bank accepted, but had dragged its feet long enough to miss the deadline to respond, which, as luck would have it, opened up another opportunity even better!

Just at the same time the bank accepted my sister's offer, another REO had freshly popped up in the market. It was only 24 hours old, but looked even better than the first. In spite of having a good deal in hand, you did not try to deter us from looking into it and jumped at the opportunity to screen it with me for my sister. The minute you saw it, you knew it was the perfect fit for her. Not only would it require less time and money to fix up, it was only .2 of a mile from my own home! Right then and there, pics were emailed to my sister. She liked what she saw so you, again, even with a good deal already in hand, and as risky as REO negotiations can be, you put your personal interests aside and told her in not uncertain terms to "GO FOR IT!". REO purchases being what they are - COMPETITIVE - especially with all these cash buyers out there right now hunting for investment properties you committed to staying focused and persistent in keeping my sister's situation in the forefront of the bank's eye. In the meantime, your husband, Dannial, locked in a terrific rate and pre-approval for her.

In spite of the having to beat out cash buyers and the lender's continued nitpicky demands (even though she was already pre-approved!) that your husband had to push through patiently, the house today, after a few short weeks, has been officially recorded as my sister's!

All of these things I've said are absolutely true, but what is key for prospective clients to know is that as competitive and detached as the REO transaction process can be, your skilled diplomacy at shaping the bank's personal connection to my sister made it hard for them to say "no" to her offer. This deal may have easily gone to someone else in the pile, but thanks to you, the real fun can now begin, and I'm pulling out my painting clothes and cleaning supplies to help her put her personal touches on the new place she'll be calling home!

Thanks to you for all you've done to make this happen!

Most Sincerely,

Meredith MacDaniel and Brabara MacDaniel

Posted by Lynne Ronen on October 16th, 2008 11:22 AMPost a Comment (0)

Just Listed! 3048 Clearcoast Ct Vallejo, CA 94591

August 18th, 2008 3:59 PM

$399,000.00
3048 Clearcoast Ct

Vallejo, CA 94591

Beds: 3.0	Rooms: 3
Baths: 2.00	Sq. Ft.: 0
Garage: 0	Built: 1998

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.

If you have any questions
about this property or
require more information,
please feel free to call.

Lynne Ronen
Excel Realty and Mortgage, Inc.
(925) 786-3765
www.lynneronen.com

Visit this listing at Here

Posted by Lynne Ronen on August 18th, 2008 3:59 PMPost a Comment (0)

The Livermore Network Goddesses To Donate Money for Forclosed Families

July 14th, 2008 10:07 PM

The Livermore Network Goddesses was formed in the early part of 2008, founded by Lynne Ancien-Ronen with the mission to give back to the community, to residents that live in the Dunsmuir, Lindenwood, Cresta Blanca, Cooperage and Private Reserve in South Livermore. They had organized and executed the first annual Easter Egg Hunt for the neighborhood at the Bruno Canziani Park and it was a great turnout with over 100 kids eager to pick up the eggs and candies. This coming month, the Network Goddesses will soon be organizing another event to organize a summer day of fun with relay games and bake sale. Proceeds will go to families who have lost their homes on short sales and foreclosures.

Posted by Lynne Ronen on July 14th, 2008 10:07 PMPost a Comment (0)