Joe Kendall

Cape Coral Florida Real Estate | Foreclosure Help

2011-10-13T12:06:00Z

Cape Coral Florida. was your Loan Modification denied by your lender? Are you facing a possible foreclosure situation? I can help you avoid foreclosure !

Foreclosure Advice written By Joe Kendall, Broker Associate with Sandals Realty. The Hardship Letter is the most important and is a major factor in getting your short sale approved by your lender along with your documentation supporting this letter. ( I can go over this when we talk in Person)

I would like to give you some tips in how to write a hardship letter to your mortgage lender greatly improving your chances of the bank understanding your own personal situation.

Remember you are composing the "hardship letter" for your bank or your mortgage servicing company, do not write a book because most likely it will not get the attention your trying to receive from the lender. The person that is going to read this is someone that understands general information that is factual.

Please Keep it to one page (Do Not Type It , but write it out with an ink pen or print the letter out in ink, again Do Not Type This Letter !) be right to the point, put the emotional aspect in the beginning and in the closing your message.

Here is an example list of hardships that lenders consider:

Illness (explain before and after effects)

Loss of Job ( what income you made before and now current, explain in the unknown future if it's unclear.
Reduced Income (what you made before and what is now current )
Failed Business ( how much was invested, how much money was lost and how this has impacted you currently)
Job Relocation ( forced to relocate ( current mortgage payment and what your new mortgage payment will be in our new location ) show your current income can not support two homes in a simple math problem)
Death of Spouse or C0-Borrower
Death (supporting documents )
Divorce (support documents )
Marital Separation (how this has impacted your ability to pay all your current bills )
Reduced Income (what was it before and now )
Medical Bills List all the bills current and future balance , list how much money you are currently behind)
Damage to Property (natural disaster or unnatural)

Now that you understand what your lender or servicer is looking for, it’s time to sit down and write a hardship letter. . Make sure you make it unique to your personal situation. Do not talk about local or national media issues, make it very personal coming from your heart.

Remember that your hardship letter is a very important part of the workout process.

Example Hardship Letter:

Name: (Your Name)

Address: (Your Address)

Lender Name: (Your Lender)

Loan #: (your Loan #)

To Whom It May Concern:

I am writing this letter to explain my/our unfortunate set of circumstances that have caused us to become behind in our obligation to maintain our current mortgage payments . We have done everything in our power to make ends meat but unfortunately we have fallen so far behind that it looks very bleak so we are asking for your help. (ADD YOUR PERSONAL, EMOTIONAL FEELINGS HERE )

We would like you to consider working with us to modify our loan or doing a bank short sale. Our number one goal is to keep our home and we now have come to conclusion our dream home and all we have worked for our in-tire lives is coming to end end and we have to come to terms with this. Please understand it's very hard and we did not ask for ourselves to be in this situation we are in today.

The main reason that caused us to be so far behind is ( insert the No 1 reason here and be to the point ) Soon after being late and our income not being no where near enough, we had fallen further and further behind. It’s now to the point where we cannot continue to catch up or pay what is owed to you. It has always been in the past and up to now, to fully meet our monthly obligations to pay what we owe and stay current. But at this time we have exhausted all of our income and resources so we are asking for your help.

(The approximate date start of the hardship, we believe that our situation is ? on future timetable is ? )

Our situation has got-ton worse because (reason here) and we feel that if you could rework our loan balance and mortgage payment or agree to do a short sale? We feel this would benefit us and (the name of the lender here). We would appreciate if you can work with us to lower or delinquent amount owed and or payment so we can keep our home and also afford to make amends with your firm.

We truly hope that you will work with us and together we can get this settled so we all can both move on.

Thank-You for your time in considering me and my family's under these hard and difficult times

Borrower’s Signatures

Date

Co-Borrower’s Signature

Request a customized list of what your looking for in southwest Florida by just clicking here

Joe Kendall, Broker Associate

Sandals Realty, Fort Myers & Naples Florida.

Waterfront, Residential Communities, Short Sale Expert

Direct Line/Cell Phone 239-560-0726

Cape Coral Florida | Experienced HAFA Short Sale Realtor

2011-10-13T12:00:00Z

Cape Coral & Fort Myers Florida. HAFA Approvals * Free Short Sale Mitigation Services!

Cape Coral & Fort Myers Florida short sale real estate advice is written on 10/03/2011 by Joe Kendall, Broker Associate with Sandals Realty. The HAFA stands for the Home Affordable Foreclosure Assistance Program it's importance to you the home owner is best described as am program of helping borrowers and a great alternative for you then loosing your home to foreclosure.

Ask yourself these simple questions.

Is your home located in Cape Coral or Fort Myers going nowhere?

Is your burden of making payments effecting you Mentally? Personally? professionally?

Do you feel like your home in Cape Coral or Fort Myers is loosing money every month making the mortgage payment?

Here is a link to understanding a hardship and how to write a hardship letter

You may be able to walk away without you owning the bank another dime after closing a successful short sale. A short sale or deed-in-lieu is a very smart move for both the lender and the borrower because the home will maintain it's value better when occupied, and the borrower gets to reduce their debt load. If you were not able to get your loan modified, this may be the best option for you since a foreclosure or bankruptcy can affect your credit for 7-10 years.

I have closed several short sales in Cape Coral, Fort Myers and Lehigh Acres with many of the major lenders in this country such as Bank of America, Chase Bank, Wells Fargo. Citi Bank, Countrywide, Saxton , Litton loan servicing, ING Direct and many others.

I would like to help you too! Please call or email me and lets talk about your situation and let me see what direction is the best for you.

Joe Kendall, Broker Associate

Sandals Realty, Fort Myers & Naples Florida.

Waterfront, Residential Communities, Short Sale Expert

Direct Line/Cell Phone 239-560-0726

0 comments • Joe Kendall, Broker Associate Cape Coral, Fort Myers, Naples Florida • October 03 2011 09:55AM

« Previous 1 2 Next »

Cape Coral Florida | Short Sale Expert | Required Documents

2011-10-11T15:00:00Z

Cape Coral Florida Short Sale Information written by, Joe Kendall Associate Broker with Sandals Realty writes about foreclosure help and documents required for a short sale.

I just want to go over what is in a bank package of requirements. I can not speak for every bank and they all are a little bit different, but I would like to give you the most common documents that are request from the home owner by the banks.

(1) Hardship letter, Explanation of the owner hardship requesting for assistance with approving the short sale.

(2) Supporting Documentation, any letter, or form to support your current hardship.

(3) Financial Statement, Form is sent to you from the bank to be filled out, signed and dated.

(4) Federal Income tax returns, Copy of the last two years with W-2"s

(5) Bank Statements Your last three months bank statements, Paycheck stubs, copy of your last three Disability* Unemployment * Retirement copy of any benefits applied for or receiving.

(6) Listings agreement , copy of signed listing agreement, Purchase Contract, Copy of Accepted Offer, Net Sheetdetailed Hud 1 statement of all lined expenses to closing, copy of the Marketing efforts, The bank needs copy's of the marketing done by the listing agent. I also provide the bank a report sold showing property sold by competing banks where they received less money then the sellers current offer. ( I will explain this in detail to you )

This is the basic information the bank will request from you and your Realtor before they will give any reply on any purchase contract. I have several other forms, local real estate information documentation I use to help my clients as a Seller or a Buyer in getting the banks and mortgage companies to accept my deals.

Call or mail me today, Lets talk, If a I can not help you? I will tell you, you will always get straight talk from me! Let my years of experience work for you!

I look forward to working with you !

Request a customized list of what your looking for in southwest Florida by just clicking here

Joe Kendall, Broker Associate

Sandals Realty, Fort Myers & Naples Florida.

Waterfront, Residential Communities, Short Sale Expert

Direct Line/Cell Phone 239-560-0726

Cape Coral Florida | Short Sale Expert | Hardship Letter

2011-10-11T14:53:00Z

Cape Coral Florida. Short Sale Advice written By Joe Kendall, Broker Associate with Sandals Realty.

I would like to give you some tips in how to write a hardship letter to your mortgage lender.

Here is an example list of hardships that lenders consider:

Illness (explain before and after effects)
Loss of Job ( what income you made before and now current, explain in the unknown future if it's unclear.
Reduced Income (what you made before and what is now current )
Failed Business ( how much was invested, how much money was lost and how this has impacted you currently)
Job Relocation ( forced to relocate ( current mortgage payment and what your new mortgage payment will be in our new location ) show your current income can not support two homes in a simple math problem)
Death of Spouse or C0-Borrower
Death (supporting documents )
Divorce (support documents )
Marital Separation (how this has impacted your ability to pay all your current bills )
Reduced Income (what was it before and now )
Medical Bills List all the bills current and future balance , list how much money you are currently behind)
Damage to Property (natural disaster or unnatural)

Now that you understand what your lender or servicer is looking for, it’s time to sit down and write a hardship letter. .Make sure you make it unique to your personal situation. Do not talk about local or national media issues, make it very personal coming from your heart. This is a place where "Personal Drama" is good !

Remember that your hardship letter is a very important part of the workout process.

Example Hardship Letter:

Name: (Your Name)

Address: (Your Address)

Lender Name: (Your Lender)

Loan #: (your Loan #)

To Whom It May Concern:

(The approximate date start of the hardship, we believe that our situation is ? on future timetable is ? )

We truly hope that you will work with us and together we can get this settled so we all can both move on.

Thank-You for your time in considering me and my family's under these hard and difficult times

Borrower’s Signatures

Date

Co-Borrower’s Signature

Joe Kendall, Broker Associate

Sandals Realty, Fort Myers & Naples Florida.

Waterfront, Residential Communities, Short Sale Expert

Direct Line/Cell Phone 239-236-0422

Cape Coral Florida | Short Sale Expert Discusses Short Sales

2011-10-11T14:23:00Z

Cape Coral Florida | Short Sale Expert

2011-10-11T14:07:00Z

Cape Coral Florida home owners. Are you thinking about avoiding foreclosure?

Here is the link to the Goverment HAFA Program Guidelines

Are you asking yourself these questions?

Do I let my home go back to the bank?

Do I work with the bank on a Deed of Lieu of Foreclosure?

Do I work with an experienced agent that has had success in successfully closing a bank short short sale?

Do I do nothing and just walk a way and hope for the best?

You should get sound advice before you make a decision on your home and your own personal Future even if you walk away, the bank could still go after you in court for the remaining balance you owe, would they do this? No one knows for sure, but the current laws make it possible for them to do so.

These homes have been SOLD! Yes, I do Close Bank Short Sales!

Cape Coral Florida Cape Coral Florida Cape Coral Florida Cape Coral Florida

Approved Short Sale Approved Short Sale Approved Short Sale Approved Short Sale

Bank of America Wells Fargo Chase Bank Bank of America

SOLD SOLD SOLD SOLD

You should first try and see what kind of arrangements you can make with your bank or mortgage company in reworking your home loan so you can keep and stay in your home. If not a Bank Short Sale is your Next good option. All these home owners where released from any future deficiency judgement.

I will help you with understanding of the following :

(1) "How we will Sell Your Home as a Bank Short Sale"

(2) "Working with You and Your lender on their required documents" (Your Not Alone ! )

(3) "What happens when we get an offer ? "

(4) " The Closing and the Release of your mortgage and a possible"release from any future judgment against you "

(5) " Getting your Credit Score back on track "

I look forward to talking with you.

Request a customized list of what your looking for in southwest Florida by just clicking here

Joe Kendall, Broker Associate

Sandals Realty, Fort Myers & Naples Florida.

Waterfront, Residential Communities, Short Sale Expert

Direct Line/Cell Phone 239-560-0726

Price Reduced on 4203-3881 Kens Way, Bonita Springs Florida in Bonita Village

2011-08-17T01:30:00Z

Bonita Village, Holiday - Announcing a price reduction on 4203-3881 Kens Way, Bonita Springs Florida, a 1,268 sq. ft., 2 bath, 2 bdrm single story. Now MLS® $245,000 USD - Pre Foreclosure Sale.

Property information

Your invited to the Open House August 21 2011 from 1:00 PM till 4:00 PM

2011-08-09T20:44:00Z

3321 Brantley Oaks Drive, Fort Myers Florida. Veranda Country Club

Verandah is a Luxury Gated Community located in Fort Myers Florida. Welcome to 3321 Brantley Oaks Drive, Fort Myers Florida. You can take the vistual tour by clicking the highlighted link here Virtual Tour

I would like to introduce to what I would best discribe as the "Crown Jewel" of luxury homes located in Arlington Oaks development of Verandah! Seeing this Arthur Rutenberg luxury 5 bedroom home with unbelievable lake and preserve views will leave you speechless! It's easily observed this home was custom designed and built to great proportions with premier style and taste applied to every little detail!

Amenities include a Formal Dining Room, Living Room with mitered glass window, Large Study, Family Leisure Room w/ Media Center & zero corner sliders, an unbelievable "Gourmet Chef's Designed Kitchen" with nothing that has been left out ! Unbelievable atmosphere outlined with the combination of soaring ceilings, window treatments and the massive crown molding will delight you. The endless lanai area features a gas fireplace with a "Custom Summer Kitchen"!

There is a built-in sound system with speakers in the Living Room, Family Room and Lanai perfect for entertaining! Enjoy the "Old Florida lifestyle" in Verandah with 2 championship golf courses loaded with endless amenities for the entire family. This home is located only 20 minutes from Southwest Florida International airport makes this home a MUST SEE!

You can vist the Home Owners Association here

You can discover the Lifestyle of Verandah here

Boniat Springs, Fort Myers & Naples Short Sale Expert !

2011-08-09T20:29:00Z

Price Reduced on 4203-3881 Kens Way, Bonita Springs Florida in Bonita Village

2011-08-09T12:30:00Z

Bonita Village, Holiday - Announcing a price reduction on 4203-3881 Kens Way, Bonita Springs Florida, a 1,268 sq. ft., 2 bath, 2 bdrm single story. Now MLS® $299,000 USD - Pre Foreclosure Sale.

Property information

Bonita Springs, Estero and Fort Myers Beach Short Sale Expert.

2011-07-23T01:05:00Z

Everybody likes reading a little history now and then.

I have been providing "Old Fashion Service" real estate services since 1999. I Make it All About YOU !
Naples Short Sales Information written by Joe Kendall Broker Associate with Sandals Realty. I have many happy clients that I have successfully closed their short sale using my Short Sale Service Program for many homes located in Cape Coral, Fort Myers, Bonita Springs and Lehigh Acres.
I have been working and closing short sales since June of 2006. My team negotiates ( Loss Mitigation as it is called ) with the lenders and we do not charge a FEE for short selling your home. The bank pays our commission, There are some investors calling home owners that may ask you to sign over your deed are really not trying you short sale your home. It's always good to seek legal advice before listing and selling your home as a short sale.
Here is how to write a Hardship Letter to your lender it will also give some discription to what is considered a hardship by your lender. Here is a basic list of required documents for the short sale
Joe Kendall has worked with the following banks and mortgage servicing companies:
Wachovia, World Savings, Countrywide, Bank of America, Wells Fargo, American Home Mortgage, Mellon Bank, Linton Loan Services, Saxton Home Servicing, Chase Bank , GMAC, Citi, ING Direct, HSBC, and a few credit unions.
I also work with the online Equator.com short sale servicing system. I also help sellers with receiving HAFA APPROVALS with their lender.
I look forward to talking with you.

SEARCH THOUSANDS OF HOMES FOR SALE located in Southwest Florida by clicking HERE

Joe Kendall, Broker Associate
Sandals Realty, Fort Myers & Naples Florida.
"Short Sale, & Waterfront Specialist"
We Close Bank Short Sales !

Phone 239-560-0726