Comments for Stankavich Saga

Comment on Short Sale Auction for my Previous Home by home services

home services — Mon, 16 Jan 2012 18:35:25 +0000

As a designer i just wanted to point out that you have a very nice website , I enjoy the style and design, it really and pops.

Comment on Short Sale Auction for my Previous Home by financial issues

financial issues — Tue, 01 Nov 2011 00:09:41 +0000

financial issues…

[...]Stankavich Saga » Blog Archive » Short Sale Auction for my Previous Home[...]…

Comment on Feeling Intellectual by Drew Wolkowiecki

Drew Wolkowiecki — Sat, 10 Sep 2011 17:49:13 +0000

Greetings I am so happy I found your website http://www.stankavich.com/index.php/2008/12/feeling-intellectual, I really found you by mistake, while I was looking on Bing for something else, Anyways I am here now and would just like to say many thanks for a fantastic post and an all round enjoyable blog (I also love the theme/design), I don’t have time to browse it all at the moment but I have bookmarked it and also included your RSS, so when I have time I will be back to read much more, Please do keep up the fantastic job.

Comment on Changing Lives Through Education by Mike Stankavich

Mike Stankavich — Thu, 19 Aug 2010 15:04:27 +0000

Randall, you’re so right – lots of talent, but very little opportunity. Reggie is most of the way through his certificate program by now. I’ll post a followup when he’s done.

Thanks for dropping by!

Comment on Changing Lives Through Education by Randall

Randall — Thu, 19 Aug 2010 13:09:04 +0000

I like your post. It explains all in one article exactly the plight of the Filipino when it comes to making money. They are literaly awash in college grads over there barely making anything.

I have a sister in law from Cabugao, just west of Vigan, in Ilocos Sur. She currently lives in Iloilo with the rest of the family.

I did not know that teachers were able to come to the U.S.

Anyway, thanks for the post and commenting on my blog as well!

Comment on This is the best day ever by Mark

Mark — Tue, 13 Apr 2010 05:24:05 +0000

Well done Marissa. I fully agree with Renee and Grandma.
Mark

Comment on This is the best day ever by Grandma

Grandma — Mon, 12 Apr 2010 21:27:38 +0000

You ARE a good mom. Don’t ever think you should have some “real” job. You are doing the most important job you could possibly have.

You wrote a good blog entry too. I liked all of it. Especially the bike train on the way to the library.

Comment on This is the best day ever by Renee

Renee — Mon, 12 Apr 2010 21:14:21 +0000

Hi Marissa…what a nice post. It brought a smile to my heart and tears to my eyes. I’m glad you remind yourself of the important job that you have and that these years are gone so fast. Rochelle and Chantelle are 2 very, very blessed little girls!

Comment on Changing Lives Through Education by learn to sing

learn to sing — Thu, 25 Mar 2010 22:52:41 +0000

Just wanted to let you know that your page is not rendering correctly on the BlackBerry Browser. Anyway, I’m now on the RSS feed on my laptop, so it works!

Comment on Short Sale Auction for my Previous Home by Mike Stankavich

Mike Stankavich — Mon, 15 Mar 2010 13:32:40 +0000

Kelli, thanks for your comment. I’m sorry to hear that you are also in a difficult situation.

I did feel that I got my money’s worth from buying Richard Geller’s info product. He offers a nice overview and a fair amount of detail about how to get a short sale done.

I ended up one for two with the lenders. The first mortgage holder forgave the shortfall and reported the debt paid charged off. The second mortgage holder would not release liability for the unpaid remainder. There was about 88k left on that one. After careful consideration, I ended up filing Chapter 7. In the process, I stopped paying all credit cards and payments on the old house for several months, so my credit is pretty beat up right now. But I really don’t care – I’ve had it with credit. We have the new house, picked up a car and a van off of craigslist for about 3k cash each, and just plan to do without credit for the foreseeable future. It would be nice to refinance the new house while rates are low, but I’ll just have to live with it.

Bottom line, you just won’t know what your lender(s) will do until you get an offer and send it through. Every lender and every sale is a little bit different. If you’re certain that you can’t afford to stay in the house, and you have somewhere else to go, I’d definitely go for the short sale. Just get the best offer that you can within a reasonable amount of time and submit it to the lenders. Richard Geller’s book gives a lot of detail about putting together the short sale package. You can and should always ask the lender to forgive/write off the shortage and report you as neutral or favorable to the bureaus. No guarantee that they will do it, but they probably WON’T do it unless you ask.

I’m far from an expert on this, but I’ve learned a lot along the way. I’m glad to share what I’ve learned with others in the same situation. Best of luck getting it all sorted out.