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Northeast OH Short Sale Myth: There Are No Rules Or Guidelines For Short Sales

Northeast OH – I recently saw an article written by a prominent, so called short sale expert. In the article, this supposed expert says the only rules for short sales are HAFA, but even those rules are subject to interpretation.

That is like saying that there are no traffic laws. If that were the . . . → Read More: Northeast OH Short Sale Myth: There Are No Rules Or Guidelines For Short Sales

A Common Northeast OH Short Sale Negotiation Mistake: Taking The Property Off The Marketing Before the Short Sale Is Completed

Northeast OH – Short sales can take a long time. The banks are difficult to deal with and many agents do not understand short sales and don’t know what they are doing.

Because of this, many buyers shy away from short sales. Or, if they do make an offer, then they still continue to . . . → Read More: A Common Northeast OH Short Sale Negotiation Mistake: Taking The Property Off The Marketing Before the Short Sale Is Completed

Who Pays The Costs In A Northeast OH Short Sale?

Northeast OH – You may wonder why a sales contract says the seller pays for certain costs and yet the bank covers the costs. Here is how it works.

The sales contract may have a certain clause say: “Seller to pay title and seller’s documentary stamp taxes.” How does the bank pay that cost . . . → Read More: Who Pays The Costs In A Northeast OH Short Sale?

Northeast OH Short Sale Myth: Anyone Can Negotiate With The Lender

Northeast OH – Yes, many people think they can negotiate with the lender. But, some of them don’t have the skills necessary to be successful.

Here are a few of the things someone needs before they can negotiate a short sale.

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Northeast OH Short Sale Myth: Anyone Can Negotiate With The Lender

Northeast OH Short Sale Q & A: The Second Mortgage Wants More Than The First Mortgage Will Give Them

Northeast OH – The Stop Foreclosure Institute recently received a question from Aggie. Here was Aggie’s Question.

“We received a short sale approval on the 1st. They will only pay the second mortgage $3,000. The problem is that the second mortgage wants $5,500.

We are arguing back and forth with the second mortgage. The . . . → Read More: Northeast OH Short Sale Q & A: The Second Mortgage Wants More Than The First Mortgage Will Give Them

How Do I Stop The Foreclosure Process During A Northeast OH Short Sale?

Northeast OH – The Stop Foreclosure Institute recently received a question from Trudi. Here was Trudi’s Question.

“I am in the middle of the 3rd offer on a short sale. I was just recently received foreclosure papers. Is there a way to stop the foreclosure process and get the house sold? If they . . . → Read More: How Do I Stop The Foreclosure Process During A Northeast OH Short Sale?

A Common Northeast OH Short Sale Marketing Mistake: Your Realtor Doesn't Make Sure That Your Home Shows Well

Northeast OH – When another agent brings a buyer to look at your home your realtor should follow up afterwards. 

If you want to sell your home, then it needs to show well. Here are a few tips.

1. Open the blinds and curtains. Bring in as much outside light as possible. Most . . . → Read More: A Common Northeast OH Short Sale Marketing Mistake: Your Realtor Doesn’t Make Sure That Your Home Shows Well

A Common Northeast OH Short Sale Marketing Mistake: Not Promoting Unique Properties to Buyers Looking For Unique Properties

Northeast OH – Unique properties usually have a “love it” or “hate it” aspect to them. A great example is pool homers.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Some buyers want a home with a pool. They are willing to spend $20,000 to $50,000 more . . . → Read More: A Common Northeast OH Short Sale Marketing Mistake: Not Promoting Unique Properties to Buyers Looking For Unique Properties

Northeast OH Short Sales: Does ABC Bank Really Care About Their Customers?

Northeast OH – Doesn’t it annoy you when you hear a large national bank’s hold music tell you that they care about their customers? 

Their hold music sings their praises: “We are (Insert your bank’s name) appreciate your business. We offer the best customer service in an effort to earn your business.”

If you . . . → Read More: Northeast OH Short Sales: Does ABC Bank Really Care About Their Customers?

Northeast OH Short Sale Question: Should I Short Sale My Rental?

Northeast OH – The Stop Foreclosure Institute recently received a question from Ryan. Here was Ryan’s question.

“I own a rental house. When I bought it, the rent covered the mortgage and all the other payments. However, rental rates have declined in my area and the rent no longer covers the mortgage.

Besides that, . . . → Read More: Northeast OH Short Sale Question: Should I Short Sale My Rental?