Taylor Bean & Whitaker frequently asked SHORT SALE & FORECLOSURE questions
What are some Taylor Bean & Whitaker foreclosure alternatives?
I am upside down on my mortgage with Taylor Bean & Whitaker, what should I do?
What is a Taylor Bean & Whitaker short sale?
Taylor Bean & Whitaker denied my loan modification, what's next?
What is the Taylor Bean & Whitaker short sale process?
How do I choose a Taylor Bean & Whitaker short sale company?
How do I qualify for a short sale with Taylor Bean & Whitaker?
Where do I find a Taylor Bean & Whitaker short sale expert?
How do I hire a Taylor Bean & Whitaker short sale REALTOR?
How to find short sale agents who work with Taylor Bean & Whitaker?
What are the documents required for a Taylor Bean & Whitaker short sale?
How do I write a Taylor Bean & Whitaker hardship letter?
What are some Taylor Bean & Whitaker FORECLOSURE ALTERNATIVES?
If you are wanting to avoid foreclosure with Taylor Bean & Whitaker , consider a short sale. Taylor Bean & Whitaker has alternatives to a foreclosure. With record high defaults (foreclosures), a great solution is a Taylor Bean & Whitaker approved short sales. There are a large number of people behind on their mortgage payments and upside down on their home that want to avoid foreclosure. Banks are allowing you to sell your home for less than what is owed. If you want to stop your home from going into foreclosure , a short sale may be the right solution for you. We provide this service at absoletely no cost to you and have great working relationships with Taylor Bean & Whitaker to help you in your time of need.
I AM upside down on MY mortgage with Taylor Bean & Whitaker, WHAT SHOULD I DO?
If you upside down on your Taylor Bean & Whitaker mortgage, there are options to avoid foreclosure . There are many options to either avoid a foreclosure or make your mortgage payment even more affordable. To avoid having a Taylor Bean & Whitaker foreclosure, one of the best options you might have would be performing what is called a short sale.
What is a Taylor Bean & Whitaker Short Sale?
Banks such as Taylor Bean & Whitaker are not wanting to absorb the cost of a foreclosure . Foreclosures are very expensive and time consuming. Banks will typically work with home owners in hardship and allow you to perform a short sale. Our company specializes in helping homeowners working out a short sale solution with Taylor Bean & Whitaker.
Taylor Bean & Whitaker Denied MY Loan Modification, whats next?
Knowing exactly what a short sale is will help you have a better understanding. We work with Taylor Bean & Whitaker to negotiate a short sale for you. Our team of Short Sale Experts have a great realationship with Taylor Bean & Whitaker and show that your home is worth much less than owed, and to avoid the hassels and expenses of foreclosing, we can negotiate a short sale.
What is the Taylor Bean & Whitaker short sale process?
- The lender acknowledges receipt of the file. (This can take 10 to 30 days.)
- A negotiator is assigned. (This can take 30 to 60 days.)
- A Brokers Price Option (BPO) is ordered. (This can take 10 to 15 days.)
- A second negotiator could be assigned. (This can take another 30 days.)
- The file is sent for review or to the PSA. (This can take 15 to 30 days.)
- The bank might request that all parties sign an Arm's-Length Affidavit.(Typically nortorized)
- The bank issues a short sale approval letter.
- Close the sale of your short sale
HOW TO CHOOSE A Taylor Bean & Whitaker Short Sale Company
When your loan modification is denied by Taylor Bean & Whitaker, you are an ideal canidate for getting the lender to approve you for a short sale. Lenders attempt to work with home owners to save their homes, but when you are denied a loan modification by Taylor Bean & Whitaker, they will allow you to short sale 99% of the time. Call us, we will give you other options.
How to Qualify for a Short Sale with Taylor Bean & Whitaker
There are many reasons a Taylor Bean & Whitaker will allow you to sell your home for less than owed. Any of these situations may qualify you for a short sale. (Note: these are most of them)
- Job loss or unemployment
- Relocation or involuntary job transfer
- Loss of income
- Decrease in working hours
- Medical expenses
- Major repairs on existing home
- Divorce
- Increased living expenses
- Death of borrower
- Short term or permanent disability
- Death of spouse or family member
- Business failure
- Vacant investment properties
- Bankruptcy
where do i FIND A Taylor Bean & Whitaker short sale expert
Taylor Bean & Whitaker foreclosure vs short sale . It could be the right solution for you. The lender short sale process can be a long and tedious task and negotiations could take months to complete. We strive to shorten this transaction timeline as a company by utilizing our relationships with Taylor Bean & Whitaker.
HOW TO HIRE a Taylor Bean & Whitaker short sale realtor?
Have a Professional Taylor Bean & Whitaker Short Sale Realtor working for you. Our Short Sale Realtors are the top short sale Realtors to facilitate a effortless and smooth short sale. We are the Taylor Bean & Whitaker Short Sale Experts . We have proven track record and can negotiate a short sale from beginning to end.
HOW TO FIND Short Sale agents WHO WORK WITH Taylor Bean & Whitaker ?
We don't just want you to work with any Real Estate Agent, we want you to work with a Short Sale Realtor that is a short sale specialist . What is the difference between a short sale agent and a short sale Realtor who specialize in working with Taylor Bean & Whitaker? They both have to be licensed by the Department of Real Estate and follow the real estate laws. They both specialize in facilitating with short sale transactions and negotiations. The main difference is that a real estate agent is a REALTOR when he or she is a member of the National Association of Realtors. A Taylor Bean & Whitaker specialized Realtor has to abide by a stricter Code of Ethics and Standards of Practice.
Hire a local [State] Taylor Bean & Whitaker short sale expert to sell your home. Not all short sales are successful because every lender and situation is different. A short sale expert can examine your circumstances and be very knowledgeable of your options.
WHAT ARE THE documentS requireD for a Taylor Bean & Whitaker short sale ?
When qualifing for a Taylor Bean & Whitaker short sale, most banks will require the following documentation to approve your short sale in .
- Recent Mortgage Statement
- 2 most recent months of paycheck stubs (if employed)
- 2 most recent months bank statements
- 2 most recent years W2's
- 2 most recent years Tax Returns
- Property Tax Bill (If it is not included in the mortgage)
- Property Insurance Bill/ Statement (if it is not included in the mortgage)
- Homeowners Assoc. Bill (If you have a Homeowners Association)
- Sellers hardship letter
- Complete financial statement
- Letter of authorization (which lets your short sale agent speak to the bank)
- HUD-1 or Preliminary Net Sheet
- Comparative Market Analysis or list of recent comparable sales
How do i write a Taylor Bean & Whitaker hardship letter?
The Taylor Bean & Whitaker hardship letter only needs to be about a page long typed out explaining your situation and how your circumstances have changed. The lenders want to know why you are not able to make your mortgage payments. Contat us today for a break down on how to write a proper Taylor Bean & Whitaker hardship letter.
some history about Taylor Bean & Whitaker
Taylor, Bean & Whitaker was a wholesale mortgage lending firm. The company ceased operations on August 5, 2009 following a suspension by the Federal Housing Administration from making FHA mortgage loans and Ginnie Mae mortgage backed securities the previous day. FBI agents had raided the headquarters of Taylor Bean & Whitaker on August 3, 2009 in what appeared to be an investigation related to TB&W's acquisition of a majority stake in Colonial BancGroup. Taylor Bean & Whitaker had signed a deal on March 31, 2009 to become the majority owner of Colonial BancGroup in a $300 million equity stake. As of August 14, 2009 Taylor Bean & Whitaker ceased business operations and terminated all employees at its Ocala, FL office. Taylor, Bean & Whitaker had employed about 2,050 workers and was headquartered in Ocala, Florida. Taylor, Bean & Whitaker had been the fifth largest issuer of GNMA securities.