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Northeast OH Short Sales: More Examples of Stupid Things Banks Do On Short Sales

Northeast OH – We received an email from another agent named Mark that shows how the flawed short sale process causes banks to lose thousands.

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

Here is the email from Mark. “I have been working on a Short Sale for almost a year now. The abandoned Home was listed at $103,000 in the beginning.

The price was unrealistic for a virtual tear-down built in 1860. It will take 3 semi trailers to haul off the asbestos alone. We received several offers for $85,000 and $89,000 from the city.

They wanted to buy the 2 acre property to expand the city park. The asking price is now $69,000 and we have had multiple offers.

However the bank keeps on declining these offers because they don’t feel that they are close to the value of the home.

The bank hasn’t done an appraisal and probably has no idea of the true value other than the supporting evidence I have provided to them. Mark.”

As you can see, the bank has lost $15,000 to $20,000 by turning down the previous offers. This kind of stuff happens every day.

The moral of the story is that you need to hire a competent, experienced short sale realtor that can successfully navigate the system.

That is the key to a successful short sale and avoiding the mark of a foreclosure on your credit. 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 Northeast OH. Northeast OH Modification Help, Northeast OH Short Sales, Northeast OH Short Sale Realtor, Northeast OH Short Sales. Northeast OH Realtor, Northeast OH Stop Foreclosure, Northeast OH Foreclosure Prevention, Prevent Foreclosure Northeast OH, Northeast OH Foreclosure Defense, Northeast OH behind in Payments.

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