where is the video????

Sorry about that — video is now fixed

–Richard

RICHARD THANKS FOR ALL YOUR INFORMATION I HAVE AN OFFER FOR YOU IF YOU ARE SO CONFIDENT ABOUT YOUR COURSE (9 DAY FOR A SHORT SALE) I WILL BE WILLING TO FOLLOW YOUR INSTRUCTIONS DEDICATING TIME AND EFFORD TO COMPLETE A TRANSACTION. SINCE YOU OFFER MONEY BACK "NO QUESTIONS ASKED" WHAT IF YOU SEND ME YOUR COURSE AND AT THE END OF OF MY FIRST TRANSACTION I'LL SEND YOU $ 500.00 INSTEAD OF THE PRICE THAT YOU ARE ASKING FOR YOUR COURSE. THANKS FOR CONSIDERING THIS OFFER, IF ANYTHING AT LEAST I HAD TO TRY, (IF YOU DO NOT ASK YOU'LL NEVER KNOW RIGHT?) GOOD LIKE TO YOU!!!

Paying up front is an important part of the process. If you pay you are more likely to succeed. Note I believe in the course so much that I don't  offer it for 60 days as a trial, but a full 365 days, so you can try it out for a full year and still get every penny of your money back if you are not delighted.

warmly

–Richard

Richard you seem like a honest person, therefore I would like to ask you for advice. First-thanks for the free info on SS and Im really interested in your course. Im trying to figure out if its better and safer to do Short sale as an RE agent (that im going to be soon) and represent the seller and sell it Trough 9 days sale as you described and find a buyer/discount the loan and collect commision (seems like less risk when it comes to finances)….or do it it as an investor but when it comes to closing seems like it is impossible to close unless you finance the deal first (even though there are co which will finance for you for a fee) and than close again with new buyer since you cant do assigment or simultanious closing . And it seems like as investor doing SS you need to be on Purchase and sale agreement. Also Im brand new so it would be better to just outsource short sale (you mentioned that you have a firm which does it, are they good and how much they charge?)….or should I try to do couple by myself first? Im currently learning everything about SS from different study courses As Jeff Kaller and Don Derosa. Your course seems very helpfull and legit and Ill be soon your next client. If you can give me some pros and cons on those two scenarios . Everything is greatly appreciated [email deleted]

Congratulations on getting more and more information and know-how from many different sources.

I would suggest trying to do it all yourself so you learn. If someone else does the negotiation, you won't learn nearly as much as if you do it. The first deals are for your education more than just making money.

I do explain in my private on line forum (you get access for 30 days when you get one of my courses) how you can be a principal at very low risk. You can earn more than you would as a Realtor or as a consultant on a 9 Day House Sale. It isn't that hard to do and you can always back out if things aren't working out.

Assignment is not possible for these deals, nor is it necessary.

warmly

–Richard

HI RICHARD (sorry for my poor English…I'm learning) I was watching your video and it looks very interesting. I live with my girlfriend in Aventura Fl, and we (she) have one mortgage for $178k and a line of credit for $68k. Today the value of the apt is $185K. With yor course can I modify the mortgage? and for how much? We wnat to keep this apt. Thanks for your time.. Javier Giraldo Miami, fl

Thanks Javier. I think your English is much better than my Spanish and I appreciate your efforts to learn English (which seems excellent from your note.)

You are better off thinking short sale. I know it is painful. But getting the lender to just reduce how much you owe is very difficult. What is quite easy is short sale, then you move on. Purchase another place, start fresh. A great time to be a buyer.

warmly

–Richard

Richard, We are thinking very seriously of purchasing your Mortgage Relief Formula, but got here by requesting your " FREE 25 Page Report". Where is my free 25 page report?? or what else do I need to do??

Thanks,
Linda

We are possibly relocating out of state. Currently in Southern California. Our house value is way below what is owed. Am i able to do a short sale, We have kept up with the payments have even had a modification done on the 1st mortgage. How will this affect my credit. I am interested in you course for education so when I do hire a realtor I will have thknowledge of what they need and should do.

I am a little put off by the fact that you have a capture page that offers a "free"
25 page report that I have yet to see a download link for. Your video's while informative are a little difficult to carry around on paper. I would like a copy of the "free" 25 page report please send me an email with the link to download it.

This question is regarding the Loan Modification:

Can a homeowner that current but has experience a hardship which would include lost of income. Get a loan modification. Wife is trying to keep the mortgage paid income a little less than 50 debt to ratio.. All other bills are doubling up such as credit cards and other bills.

2nd Q. Can a homeowner who has recieved a loan modification with there lender a few months back now ask for a principal reduction. She owes more for the house than what it will appraised today if sold on the market. She is not trying to sell but trying to get principal reduction and she has never filed Bankruptcy and she dosn't want to.

My email: yswearin@yahoo.com

Richard, I appreciate all of your work and information that you offer. I have ordered 3 of your products now, and am gaining a lot of valuable information. My situation at the present is I own a home that is 100k or more upside down. From everything that I have read from you, I believe that you would probably suggest I do a short sale. The house has been on the market now for 60 days with an agent trying to do a short sale. We are now 5 months behind on the mortgage. As a last resort should I pay an attorney to do a forensic loan audit and try for a loan mod., or just remain steadfast with the short sale approach until time runs out and it goes into foreclosure? Your advice is greatly appreciated. Judy H.

Hi Judy, thanks for your inquiry. If you are a Free and Clear Club subscriber you might want to post there. If you don't have your username and password please email support@mortgagereliefformula.com and they will get it for you.

The agent is pricing your house too high. Simple as that. Agents like to "ladder down" in the belief that this will get the highest price for your house. They also don't like to start out low because they fear that the low listing will jeopardize their other listings.

However, this is not to your advantage.

You want to get the agent to do a CMA, a comparative market analysis, and price your house maybe 10 to 15% below. You want to be the least expensive house for sale. You want to be very low because prices are still dropping and you don't want a buyer to get cold feet during the short sale process.

The 9 Day House Sale is another avenue. It will sell your house in a weekend, chances are.

Your situation is very simple. Price the house so it sells, and then submit the short sale package WITH a BPO to the lender and get out from under.

warmly

–Richard

Is the credit card relief only for people who are close to a bankruptcy situation. If I have assets but they are not obtainable as I cannot get a loan on the property would this program be available for me?
Does not look like the banks want to do loan mods on investment property, correct?
Our home lender said that we have to be 30 days late before they would even speak with us. Our loan is very difficult now to make payments, but we are over 100% debt to income and we are on a fixed 5 1/2% which goes to a.r.m. in Nov. do we have to wait?

Raise the rent now on investment properties, Offer at short sale.

Richard, I purchased your Loan Modification program and I'm still learning as much as I can. I've read some of the other testimonies on your blog and have a similar question. I owe approx $340k in a 1st and 2nd mortgage and the current value of homes in my neighborhood is approx $180k. Is it worth my time to try to do a short refi or loan modification or should I just do a short sale? And, if I do sell with a short sell, will I end up owing taxes on the balance of the write off(1099)?

Thank you for putting your trust in me, David.

I would just do a short sale. The short sale is much better. You do not necessarily owe a dime in taxes from the "cancellation of debt income" when you do this because 1) if it's your primary residence, a law passed in December of 2007 gives you a exemption in most cases (it can be complex so an accountant would be a good idea here) and also 2) if you are insolvent, that is another exemption. Most people who are upside down are insolvent to the extent of the cancelled debt and therefore owe no taxes to the IRS for this.

warmly

–Richard

Richard, I am a Realtor with many years of experience but am just now being exposed to the Short sale market. Our office has been successful with only a couple short sales. My most recent experience is that I am unable to get the lender to speak with us and the package is complete, sent in with everything required but we do not hear anything for weeks and weeks. Absolutely nothing. In your course do you offer some suggestions on how to get them to talk with you or are the short sale negotiators that you mentioned in a better position to get somewhere with the powers that be? Thanks!

Yes, our courses tell you lots about how to engage the lender. You can often have an 80% success rate with short sales. It does take some tricks and some persistence. Get into the game, it's great because the sellers are so motivated!

warmly

–Richard

Richard, what is the "sell your house in 9 days" about

What if you could see your house and almost any house
in 9 days, and get a market price?

If you want to find out more then try out my system
in Mortgage Relief Formula, the best selling system
that explains the 9 Day House Sale, and the short
sale, and credit card settlement, and loan mods. Even
buying with no money and no credit

Find Out More about a 365 day trial of Mortgage Relief Formula

Richard ,

Thanks for the good information. I have purchase a short sale course already
the info you shared help make sense of their material.

Best regard,

Terry

hey richard

Having the 80 20 mortgage loan,with your program are we able to bring down the high interest rate.

Hi Richard, I would like very much to buy your course,as a realtor, I feel that it will help me a lot and hopefully, make the "killing" you were talking in your blog. There is a situation where a couple, who bought their house in 1998, is now facing foreclosure (they are 6 months behind in their mortgage payments), they owe $ 230,000 in their first, and $228,000 in their heloc, totaling $ 458,000 (according to Zillow this house value is $ 434,000). These people can't afford to make the payments, the husband is in the UI Program (EDD) and is getting just a few bucks to survive… The wife , due to the general economic crisis, is not doing well or better than her husband, conclusion, they need to do something right away or they will lose their house in 2 more months from now… Another problem for them, is that they can't move out, they were designated by the Court to take care of their 18 months old grandson, the child has an approved child care facility just few blocks from their house, they can't move ,at least for one more year.There are other issues related to the child case that also make impossible for them to leave this house… My question is : what if these owners sell their house in a short sale way, and ask the buyer, (if it is an investor that is no going to live in, he/she will just rent it out), to rent it back ?, and continue to live in te property but now living as a tenants, and without all the headaches that can bring a moving ?, and also, "saving" their credit ? Is there any legal reason that says it can't be done ? What about if the investor is a family member ? I'll really appreciate any answer you can give me for this issue. If it is possible to put in practice all the above, and I'll buy your course, will I get your help, mentoring me, guiding me , through the whole process ? These people are running out of time, for that, I look forward to hear from you soon, (or asap)… You can answer to me directly if you want to my e-mail address. Thank you so much in advance for all your help. Lucy

Thanks for your posting here. Short answer is, California law discourages investors and "foreclosure" consultants from dealing with homeowners this way once a Notice of Default has been filed. But there is no legal reason why a person can't do a sale to a party who leases the property back to them. The lenders don't like it and it should be disclosed to them. It is possible but not easy to do because lenders will look very carefully at this transaction to make sure the buyer is paying something that is close to the market price and not a "sweetheart" deal. A short sale assumes that the seller is trying to get top dollar. In this situaton, if the seller is related to the buyer or has a side deal with the buyer, the seller doesn't act in the interests of the lender to get top dollar. That's the problem with this scenario.

warmly

–Richard

Hi Richard,
I just just purchased your Mortgage Relief Formula last night. My situation is I bought my first house in 2006 100% financing with 80%/(20%Heloc) and I put it as an investment property. I can't afford it anymore so I'm thinking either to go for shortsale or foreclose on it. My questions are:
1. If I go for shortsale, do I have to pay tax on the Cancellation Debt (1099-C) when I'm insolvent? If I do, can the bankruptcy discharge this tax?
2. If I go for foreclosure, do I still have to pay tax on the Cancellation Debt (1099-C) when I'm insolvent? If I do, can the bankruptcy discharge this tax?
I can't wait to receive my Mortgage Relief Formula Book. Thanks.

Hi My name is Maritza Soto. I recently access your web about loan mod. I was reading your articles and listening to you in the videos and I have a question…
I purchased my home in 2004 for 277,000 never refinance. 15-80 also during this time I gave more money to the principal of 2nd loan. I owed 230,000 about. 207,000 on the first (countrywide-now nbna)and 23,000 on the second(citimortgage) I really like living in this house. I like the school that my son goes to and others. I recently fall behind on my loan that is because I was getting voluntary child support. The father of my son was basically paying the first mortgage 1,720. however his work has decreased and he is not able to give me that much anymore. Actually he has not giving me any money since january. I used my income tax return to pay march and april. At the same time I was out of work for 2 months and I really fall behind 2 months. This is the truth, At this moment I am not sure of how much money he will give me because he still thinks the house is not an investment anymore for my son which was the main reason why he was giving me that much money to begin with. I talked to some guy who suggested I add him to the loan, because he is not on the loan and I got regected the loan mod from citimortgage. they said I can afford to pay the house. I make 1770 gross twice a month and my net home is 1171. with my credit card debt I really cannot afford this house without his help.
I was wondering that I don't want to lose on this house and I was wondering if you can tell me if I can bring my sister or a friend as a buyer if a make it a short sale. I am a realtor, I would like to sell the house myself with your course. However real estate is not my main job I work for the state as a caseworker. My house is not on the market, and I have not talked to the bank because I have an apmt with a counselor from Chicago Housing Authority on July 11 to do a loan mod.
Question when I buy your program for the short sale is it together with the loan mod and the mortgage relief formula?
Please let me know.
thanks very much and hope to have the chance to answer my questions soon
Have a great day!
Maritza Soto

Hi-

I have a couple of questions about what you say about buying a house with no money down and terrible credit.

OK, say you find the house, the buyer signs the Deed over to you, you record it so that you actually do own it, and you just keep making the payments to the mortgage company. That's what I read, right?

Here's my questions: Does the mortgage company pay any attention to the fact that the payment is now coming from a different name, not the owner they've been receiving payments from. How do you explain that?

Doesn't the mortgage company find out that the Deed has been recorded into someone else's name? And, when they do, wouldn't they quickly call in the mortgage, saying it is NOT ASSUMABLE? Then what?

I'm interested in your course, but this sounds difficult to get away with for very long.

Thanks,

Yvonne Rockwell

Hi Richard,

Thanks for all the information! Got a question for you. We bought investment property with a line of credit which is totally upside-down. Since the financing is not a mortgage or equity line legally tied to the property, we don't qualify for any help with this. What are your thoughts? Thanks Erich

I have a couple of questions. My daughter in Minnesota is having trouble making payments on her house (that is underwater)

Is Minnesota a non-recourse state?
Does she need a lawyer to help?
Will it affect her credit?
Can the lender recover costs?
Can she then buy a cheaper house?
What roll do you play in this?

Your program looks interesting.
I have no idea how much your program costs.
I have seen your book on amazon and it costs $100.00.
Does that book have all the form we need.
I am currently doing short sales and lease/options.
Besides, I buy and sell "Seller carry back mortgage notes". I sel thse notes to the investors on the internet.
It is sufficient if I purchase your book or do you have a program which I can lpurchse. I would like to know more about both.
Thanks.
A. Gideon

Hi Richard,
Thank you so much for all your helpfull advices. I have a quick question. my house was on shortsale for 8 months and we couldnt sell it or couldnt get a fast approval for the offer we have had. now i have about 45 days untill the foreclosure court sale. should i keep trying to short sale the house or should i consider to deed in lieu. my bank told me that they wont extend the time because of the short sale, i can apply for another modification or deed in lieu. I was unemployed and had low income for a long time but now i just found a job should i consider maybe a modification after being behind 8 payments?
Thanks in advance.

I just wanted to tell you that…although I am not a real estate expert..I have tried to assign my note to someone else in the past..and it wont work..even if the loan is assumable..the payor has to be approved by the lender..let me know how it all works out for you…I wish you good luck…Kerry

In a trustee sale where they buy the note from the Bank/1st Mtg Co.I have a 2nd Mtg which was used for buying house,can the 2nd Mtg Co come after me for the difference?

I need some advice on what to do. Me and my husband have excellent credit. About 2 years ago my husband got let go from his job, and 3 weeks later I had a baby. So things have not been good financially. We are trying to sell our house but we now owe more than it is worth. We would stay here but my dad passed away last year and my momdoesn't like staying by herself plus I will be inheriting the farm. No one can give us an answer on what to do. We have thought about a short sale but don't want to hurt our credit for future house building. We just want to get out of this loan and payment as we are paying crazy amounts @7.9 % and 1266. house payment. We got stuck in this loan 5 years ago. I hate it. Please give us some advice

Personally I would do a short sale. I have found that they do NOT hurt your credit all that much. I had to do a short sale on my own home at one point and it didn't hurt my credit much. Since then I've had thousands of students and many have been very happy getting out from under with a short sale.

warmly

–Richard Geller

Is your program suitable for rental property? I own a residential rental property in North Las Vegas and am considering a short sale or possible foreclosure. I am underwater on the mortagage and the rent does not cover the mortgage payment or other costs. I know Nevada is a recourse state. Can your program help me?