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Northeast OH Short Sales: A Short Sale Success Story

Northeast OH – Here is a success story about a short sale that the Stop Foreclosure Institute worked on. We recently closed this short sale and helped the seller avoid a big deficiency judgment.

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

Ed & Cathy bought their . . . → Read More: Northeast OH Short Sales: A Short Sale Success Story

A Common Northeast OH Short Sales: The Most Common Types Of Loan That Do Not Require A Deficiency

Northeast OH – OK, let’s talk about the most common types of loans that do not require a deficiency on a short sale. The first common loan type is a Fannie Mae or Freddie Mac loan.

I’ll call them Fannie & Freddie in this post. Freddie & Fannie are different quasi-governmental entities that own . . . → Read More: A Common Northeast OH Short Sales: The Most Common Types Of Loan That Do Not Require A Deficiency

Northeast OH Short Sales: Why It's Not Embarrassing To Short Sale Your Home Anymore

Northeast OH – What a relief! You can now short sale your home and not feel like a loser. In fact, it’s becoming the “cool” thing to do.

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

I recently read an article about how Medicare was costing way . . . → Read More: Northeast OH Short Sales: Why It’s Not Embarrassing To Short Sale Your Home Anymore

Northeast OH Short Sale Question: What Kind Of hardship Would My Lender Consider Legitimate?

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?

Northeast OH Short Sale Question: Is This Lender Lying To Me?

Northeast OH – The Stop Foreclosure Institute recently received this question from another agent. Here was her question.

“I was just told by the lender on a short sale that they will have to “close” the file because they buyer’s name changed. They said that due to Freddie & Fannie rules if the buyer’s . . . → Read More: Northeast OH Short Sale Question: Is This Lender Lying To Me?

How I Make The Northeast OH Short Sale Process Faster and Easier

Northeast OH – Here is a problem: Buyers don’t like short sales because of the uncertainty and the wait. How do we solve this problem?

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

During the short sale process, if the BPO gets completed and the bank won’t . . . → Read More: How I Make The Northeast OH Short Sale Process Faster and Easier

Northeast OH Short Sales: Why Won’t My Lender Allow Me To Walk Away With No Deficiency?

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?

Northeast OH Short Sales: Is this debt collector breaking federal law?

Northeast OH – I’ve seen lots people use illegal debt collection techniques to collect on unpaid bills or credit cards. For example, there are Federal Laws that regulate what a debt collector can do or say.

They aren’t allowed to threaten to sue you, but then not follow thru and actually file suit. To . . . → Read More: Northeast OH Short Sales: Is this debt collector breaking federal law?

Northeast Ohio Short Sales: This Short Sale Negotiator Isn't Doing His Job

Northeast OH – Here is a question that the Stop Foreclosure Institute recently received. “I am in the middle of a very long negotiation with Chase.

The seller had me to put a clause into the contract stating “upon approval of short sale by sellers’ lender, lenders, & or affiliates, client, or heirs . . . → Read More: Northeast Ohio Short Sales: This Short Sale Negotiator Isn’t Doing His Job

Northeast Ohio Short Sales: What is a HUD-1 and why does it matter on a short sale?

Northeast OH – Here is something that drives inexperienced short sale agents crazy. It is a HUD-1, also called a HUD. HUD is the Federal Agency, the Department of Housing & Urban Development, also called HUD.

A HUD-1 is a document regulated by HUD. It is the financial accounting for a real estate sale. . . . → Read More: Northeast Ohio Short Sales: What is a HUD-1 and why does it matter on a short sale?