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How Do I Stop The Foreclosure Process During A Northeast OH Short Sale?

Northeast OH – The Stop Foreclosure Institute recently received a question from Trudi. Here was Trudi’s Question.

“I am in the middle of the 3rd offer on a short sale. I was just recently received foreclosure papers. Is there a way to stop the foreclosure process and get the house sold? If they . . . → Read More: How Do I Stop The Foreclosure Process During A Northeast OH Short Sale?

A Common Northeast OH Short Sale Marketing Mistake: Not Following Up On Showings

Northeast OH – When another agent brings a buyer to look at your home your realtor should follow up afterwards.

They need to get feedback on what the buyer thought of your home. If the buyer liked your home, then they will ask if they are thinking of making an offer.

Click here to . . . → Read More: A Common Northeast OH Short Sale Marketing Mistake: Not Following Up On Showings

A Common Northeast OH Short Sale Marketing Mistake: Not Marketing Your Home To Their Buyers

Northeast OH – Here is a story that illustrates this point. An agent I know was hired to sell a 30 acre tract of land.

Several months earlier they had spoken with a buyer that was looking for a similar property.

Click here to discover how other sellers successfully did a short sale . . . → Read More: A Common Northeast OH Short Sale Marketing Mistake: Not Marketing Your Home To Their Buyers

A Common Misconception: Buyers Don’t Like Northeast OH Short Sales

Northeast OH – A lot of agents think buyers don’t like short sales. This is not true. In fact, many buyers prefer foreclosures and short sales over normal homes on the market.

They know that they are more likely to buy a home at a fair price when they buy a short sale.

Click . . . → Read More: A Common Misconception: Buyers Don’t Like Northeast OH Short Sales

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?

Northeast OH Short Sale Question: How Is Short Selling A Rental Different From Your Personal House?

Northeast OH – The Stop Foreclosure Institute recently received a question from Brett. Here was Brett’s question.

“How is the short sale process different for a homeowner versus a rental property? Is the owner of a rental property more likely to have a deficiency judgment and/or be taxed on the deficiency than a someone . . . → Read More: Northeast OH Short Sale Question: How Is Short Selling A Rental Different From Your Personal House?

A Common Northeast OH Short Sale Negotiation Mistake: Allowing The Buyer To Pressure You Into Accepting The First Offer

Northeast OH – Many times you will feel pressure to reply right away to an offer. But, that doesn’t mean that you shouldn’t negotiate.

Buyers are impatient and if they really like your house, then they will want an answer to their offer right away. But, you know what else that means?

Click here . . . → Read More: A Common Northeast OH Short Sale Negotiation Mistake: Allowing The Buyer To Pressure You Into Accepting The First Offer

A Common Northeast OH Short Sale Case Mistake: Hiring An Agent With Little Short Sale Experience

Northeast OH – A few years ago most agents didn’t understand short sales. They didn’t want to get involved on them because of the extra work required.

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

Short sales take two to three times as much work. The extra . . . → Read More: A Common Northeast OH Short Sale Case Mistake: Hiring An Agent With Little Short Sale Experience

Short Sale Case Study: Homeowner Wipes Out $101,00 In Upside Down Debt

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 job relocation . . . → Read More: Short Sale Case Study: Homeowner Wipes Out $101,00 In Upside Down Debt

Northeast OH Short Sale Myth: I will have a deficiency no matter what happens

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