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By CarlOrbase, on February 14th, 2012%
Northeast OH – Short sales often get multiple offers from different buyers. Which offer should you accept over the others?
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Most people would assume that you would automatically pick the offer with the highest price. However, this isn’t always . . . → Read More: Northeast OH Short Sales: What To Look For In A Buyer’s Offer
By CarlOrbase, on February 14th, 2012%
Northeast OH – In many cases, short selling your home and then renting or buying it back is considered mortgage fraud. Because loan modifications are so difficult many homeowners are considering selling their home and then renting it from the new owner.
Many homeowners look at this as the best way to get their . . . → Read More: Northeast OH Short Sales: Is Renting or Buying Back a Short Sale Mortgage Fraud?
By CarlOrbase, on February 14th, 2012%
Northeast OH – The Stop Foreclosure Institute recently received a question from Roberta. Here was her question.
“A company has talked to me about short selling my home to them and they will then rent it back to me. They will allow me to buy it from them after my credit is repaired a . . . → Read More: Northeast OH Short Sale Question: Can I short sell my house and rent from the new owner?
By CarlOrbase, on February 13th, 2012%
Northeast OH – The most likely reason why a bank would accept to issue an extension on a short sale is because the bank prefers to do the short sale over the foreclosure.
This is a reason why your agent needs to continue to tell them on why the short sale will be beneficial . . . → Read More: Northeast OH Short Sales: Why Would a Bank Issue an Extension on a Short Sale Approval Letter?
By CarlOrbase, on February 13th, 2012%
Northeast OH – You can hire a real estate agent if you want to, but it’s not a necessary step to get preapproved for the short sale. I help my sellers get preapproved but not every short sale agent offers this type of service because we don’t get paid to do it
Click here . . . → Read More: Northeast OH Short Sales: How To Do a Bank of America Cooperative Short Sale
By CarlOrbase, on February 13th, 2012%
Northeast OH – Under normal circumstances, banks are not required to extend the closing of a short sale. The last thing a buyer would want to hear is that their mortgage lender can’t perform especially after waiting for a number of months to buy a home.
Click here to discover how other sellers successfully . . . → Read More: Northeast OH Short Sales: Will Banks Issue an Extension on a Short Sale Approval Letter?
By CarlOrbase, on February 7th, 2012%
Northeast OH – Despite the fact that the Cooperative short sale may help the borrower leave the home without some of the negative aspects of a foreclosure, it has its drawbacks that you may need to consider before you decide to explore this option. Below are some of the drawbacks:
Click here to discover . . . → Read More: Northeast OH Short Sales: Drawbacks To Bank Of America’s New Short Sale Program
By CarlOrbase, on February 7th, 2012%
Northeast OH – A cooperative short sale may be a good option depending on your situation.
But, you need to remember that Banks are not in the business of making life easier for its customers, much less anyone trying a short sale.
Click here to discover how other sellers successfully did a short sale . . . → Read More: Northeast OH Short Sales: Why Bank Of America Is Offering A New Short Sale Program
By CarlOrbase, on February 7th, 2012%
Northeast OH – Bank of America’s Cooperative Short Sale makes the entire short sale process easier for everyone involved.
The bank has rolled this out because a short sale reduces their losses compared to a foreclosure. A short sale is quicker than a foreclosure and it doesn’t tarnish the bank’s reputation as much as . . . → Read More: Northeast OH Short Sales: Benefits of Bank of America’s New Short Sale Program
By CarlOrbase, on February 6th, 2012%
Northeast OH – Bank of America is rolling out a new short sale program that will provide the quickest route to a short sale decision.
The bank came up with this programs to help ensure that homeowners are able to explore all their options and avoid foreclosure.
This program, named the Bank of America . . . → Read More: Northeast OH Short Sales: Good News On Bank of America Short Sales
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