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Banks Are Approving Short Sales in Northeast Ohio

Northeast OH – The Stop Foreclosure Institute sometimes receives e-mails from people that short sales are impossible. Well, short sales are not impossible. They just take time. Here is an example.

The Stop Foreclosure Institute was attempting a short sale on a property. The bank turned down an offer for $220,000 on the house.

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

Today it looks like an offer for 185k will be approved. Why is that? The first offer was submitted 4 months ago.

The bank did an appraisal. The appraiser thought the house was worth $265,000. The lender rejected the offer because it didn’t meet their guidelines.

We put the home back on the market and waited for another offer. The property values continued to decline. The next offer came in for $185,000 several months later.

The bank re-opened the short sale process and ordered a new appraisal. This appraiser thought the house was worth $197,000.

The bank approved the short sale offer. As you can see, short sales can get approved with a little luck, time, and persistence. With some luck, the bank will see that the short sale makes financial sense and approve it.

We’ve seen over 50% of our short sales sell, get approved, and close in 3-4 months. And that’s the first attempt at negotiations.

The majority of the remainder will get approved, but we will have to submit more offers.

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 iandymorris@gmail.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 (216) 324-6637

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

Thinking about a loan modification? Our Northeast OH loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Andy Morris.

Andy is a Real Estate Broker at Realty Trust Services.

Phone: (216) 324-6637. iandymorris@gmail.com.

View My homes for sale at www.rtserve.com.

Andy Morris specializes in loan modification assistance and short sales in Northeast Ohio. Northeast Ohio Loan Modification Help, Northeast Ohio Short Sales, Northeast OH Short Sale Realtor, Rocky River Short Sales. Rocky River Loan Modification Help, Rocky River Short Sale Realtor, Bay Village Loan Modification Help, Bay Village Short Sales, Bay Village Short Sale Realtor. Avon OH Loan Modification Help. Avon OH Short Sales. Avon OH Short Sale Realtor. Avon Lake Loan Modificati Cleveland Short Sale Realtor. Northeast OH Short Sales. Northeast OH 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 Andy Morris’s personal views and do not reflect the views of Realty Trust Services.

This information on Banks Are Approving Short Sales in Northeast Ohio is provided as a courtesy to our viewers to help them make informed decisions.

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