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By CarlOrbase, on January 30th, 2012%
Northeast OH– The type of hardship that your lender will consider legitimate depends on the mortgage company considering the Short Sale request.
In general, so long as the hardship is real & acceptable and the mortgage company believes the loan is likely to become delinquent. As a result, the Short Sale request will be . . . → Read More: Northeast OH Short Sale Question: What Kind Of hardship Would My Lender Consider Legitimate?
By CarlOrbase, on November 14th, 2011%
Northeast OH – The Stop Foreclosure Institute recently received a question from James. Here was his question.
“We are in the middle of a very long negotiation with a large national lender.
I had my agent put a clause into the contract stating “upon approval of short sale by sellers’ lender, lenders, & or . . . → Read More: Northeast OH Short Sales: Why Won’t My Lender Allow Me To Walk Away With No Deficiency?
By CarlOrbase, on October 22nd, 2011%
Northeast OH – Many people are embarrassed that they are short selling their house. They feel like they are somehow being dishonest or shady. Neither one of those is true. A lot of the people short selling today never had a blemish in their credit. They lived perfect, responsible financial lives. Then the real estate . . . → Read More: Northeast OH Short Sales: Should you be embarrassed to short sale?
By CarlOrbase, on October 20th, 2011%
Northeast OH – The biggest threat to your short sale is a high appraisal. Banks consider short sales for economic reasons.
A bank will approve a short sale only if they think they will net more money taking the short sale offer. To make sure they aren’t selling the house for too little, they . . . → Read More: The Biggest Threat To A Successful Northeast OH Short Sale
By CarlOrbase, on October 12th, 2011%
Northeast OH – A good short sale realtor will mean the difference between success and failure on your short sale.
Here are the qualities that make a good, effective short sale realtor.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Persistence. Short sales are frustrating. Many . . . → Read More: Northeast OH Short Sales: What makes a good short sale realtor?
By CarlOrbase, on July 30th, 2011%
Northeast OH – Some homeowners looking to short sell their home think that they will have to repay their lender for the entire loss. It’s unfortunate to see them stress out and lose sleep at night wondering how they will repay the debt.
A short sale loss is usually a large bill for the . . . → Read More: Northeast OH Short Sale Myth: I will have a deficiency no matter what happens
By CarlOrbase, on July 30th, 2011%
Northeast OH – Many homeowners think they have lots of time. “We’ll put out home up for sale in a few months. I know the bank is working to foreclose on it, but we can wait”, they say to themselves.
In order to have a successful short sale, then your agent will need . . . → Read More: A Common Northeast OH Short Sale Case Mistake: Waiting Too Long To Put your Home On The Market
By CarlOrbase, on July 30th, 2011%
Northeast OH – Here is a case study of a homeowner that wiped out $101,279 in upside down debt. They built a brand new home at the peak of the market.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
They were forced to sell for . . . → Read More: Short Sale Case Study: Homeowner Wipes Out $101,00 In Upside Down Debt
By CarlOrbase, on July 29th, 2011%
Northeast OH – Most people short selling their home do not want to repay the deficiency. And in most cases, the lender allows them to walk away with no deficiency.
But, that is not always the case. Some banks are very pushy when it comes to the deficiency. They won’t approve the short sale . . . → Read More: Northeast OH Short Sale Myth: The bank wants a deficiency on the short sale so I can get out of it by letting them foreclose
By CarlOrbase, on July 28th, 2011%
Northeast OH – The next step in your credit repair process is a very important one. This is the time where you check the results of your efforts so far.
Get my Free, Step By Step Loan Modification Guide by clicking here.
The credit bureaus have now sent you their results, including . . . → Read More: Fixing Credit After A Northeast OH Short Sale Step 8: Checking Your Results
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