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How A Northeast OH Short Sale Could Help You Avoid Owing Money In The Future

Northeast OH – A good short sale agent can help you avoid owing thousands of dollars in the future. Why?

Well, the most banks lose money when they reject a short sale. They turn down a sales price of $200,000. They foreclose on the home and put it up for sale.

However, they are not able to get the price they want. The home ends up selling for $150,000. What does that mean to you?

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

First, you probably owe them a lot of money. They may have been losing money on the original short sale. But, now they lost another $50,000. They will probably ask you to repay them for their loss.

Many people are shocked to learn that they are stuck owing tens of thousands of dollars to their bank. A short sale can help reduce the amount you owe. I’ll explain how.

First, most short sales result in the bank forgiving you on the debt. We have seen banks lose hundreds of thousands of dollars and still forgive the debt.

I estimate that over 80% of short sales result in the homeowner result in the debt being forgiven. Contrast this with a foreclosure. In most cases, the bank can chase you down for the money for 7-20 years.

Here is the second way that a short sale can reduce the amount you owe. Most short sales result in the bank result in reduced losses to the bank. I’m sure you are wondering why.

First off, the home usually sells for more money as a short sale than it would as a foreclosure. We have seen $385,000 short sale offers get turned down, only to result in the home selling after foreclosure for $230,000. That’s a huge loss!

Second, a short sale costs the bank less money in property taxes, homeowner’s insurance, lost interest income, etc. Overall, the costs are much less. All these costs add up fast. Thinking about a short sale?

I can help you short sale your property and get back on your feet. 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 (440) 348-5500

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: (440) 348-5500. iandymorris@gmail.com.

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

Andy Morris specializes in loan modification assistance and short sales in USA. USA Modification Help, USA Short Sales, USA Short Sale Realtor, USA Short Sales. USA Realtor, USA Stop Foreclosure, USA Foreclosure Prevention, Prevent Foreclosure USA,USA Foreclosure Defense, USA behind in Payments.

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