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USA Short Sale Deficiencies On

Northeast OH – Another common type of loan that does not usually have a deficiency is a “Sliced and Diced” loan. A “Sliced and Diced” loan is a loan that has been securitized along with a bundle of other loans.

Here is how that happened. John gets a loan from ABC Bank. ABC Bank . . . → Read More: Northeast OH Short Sale Deficiencies On “Sliced & Diced Loans?

Worried About Owing Money After A USA Short Sale?

Northeast OH – We recently received an email from Joy. She was thinking about a short sale, but was worried about a deficiency.

Here is a sentence from her email: “We obviously want to get the price as close to fair market value as possible to eliminate or reduce any deficiency the bank may . . . → Read More: Worried About Owing Money After A Northeast OH Short Sale?

Northeast OH Short Sales: How To Find Out Who Owns The Loan So You Can Hold Your Bank Accountable

Northeast OH – In our last post, we talked about how you could contact the entity that owns a loan. But, some people were wondering how they could find out who owned their loan.

“I thought ABC Bank owned my loan. I send them a payment every month”, they told us. Well, here is . . . → Read More: Northeast OH Short Sales: How To Find Out Who Owns The Loan So You Can Hold Your Bank Accountable

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?

A Common Northeast OH Short Sale Case Mistake: Waiting To Long To Submit The Contract To The Short Sale Lender

Northeast OH – Short sales have a reputation for taking a long time. But, they can drag on even longer if the paperwork isn’t submitted to the lender in a timely manner.

When the Stop Foreclosure Institute first started doing short sales, we were hesitant to submit anything to the lender until we had . . . → Read More: A Common Northeast OH Short Sale Case Mistake: Waiting To Long To Submit The Contract To The Short Sale Lender

Northeast Ohio Short Sales: Why Do Lenders Pretend To Care About Their Customers?

Northeast OH – Have you ever attempted to get a loan modification? If you have, then you probably get bugged when you hear banks talk about how they suposedly care about their customers.

Somehow these banks think we will believe it. They must think that, or they wouldn’t be running ads that say: “Come . . . → Read More: Northeast Ohio Short Sales: Why Do Lenders Pretend To Care About Their Customers?