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One Lender That Is Fun To Work With On Northeast OH Short Sales

Northeast OH – We recently closed another short sale. This short sale lender was so much more fund to work with than most lenders. The loan was owned by Household Finance, which is a division of the international lender HSBC.

We were assigned a short sale negotiator about 30 days after we submitted the . . . → Read More: One Lender That Is Fun To Work With On Northeast OH Short Sales

A Good Example Of When A Northeast OH Short Sale Would Make Life Easier

Northeast OH – The Stop Foreclosure Institute recently received a question from Richard. “I accepted a job transfer and had to move. Unfortunately we were upside down on the house.

I decided to rent it out rather than short sale it. The renters just moved out. I just checked the house. They trashed it!

. . . → Read More: A Good Example Of When A Northeast OH Short Sale Would Make Life Easier

Northeast OH Short Sales: What Occupy Wall Street Doesn't Know About Bankers

Northeast OH – Occupy Wall Street Protestors are not having the best success attacking Wall Street and the banks. But, that is because they are complaining about what they think is wrong with the situation.

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

If the protestors only knew . . . → Read More: Northeast OH Short Sales: What Occupy Wall Street Doesn’t Know About Bankers

Northeast OH Short Sales: Do the Problems In Greece Affect Us?

Northeast OH – The Greeks are finding themselves in hot water. They have maxed out their credit.

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

The government borrowed money and is having a hard time paying it back today. Here is what most people don’t understand about how . . . → Read More: Northeast OH Short Sales: Do the Problems In Greece Affect Us?

Why Be Responsible When You Can Get A Bailout?

Northeast OH – Why does a British Bank do a better job than the American Banks?

We have always liked short sales with HSBC. They respond promptly and are easy to work with. The bottom line is that they do a solid, competent job handling short sales and loan modification.

I think the reason . . . → Read More: Why Be Responsible When You Can Get A Bailout?

Northeast OH Short Sales: Are Banks Playing Games With Their Financials?

Northeast OH – Some experts speculate that banks don’t like to approve short sales or loan modifications. Here is why they think that.

They think that lenders are reluctant to speed up short sales or loan mods because they want to hold off the day of reckoning. Let me explain.

Click here to discover . . . → Read More: Northeast OH Short Sales: Are Banks Playing Games With Their Financials?

Northeast OH Short Sales: You Must Know When Short Selling Your Property

Northeast OH – We received some interesting and shocking news from another agent. They told us that lenders are are approving short sale and stating that they will allow the seller to walk away owing nothing.

However, after the short sale is complete, then they are resuming collection tactics to repay them on the . . . → Read More: Northeast OH Short Sales: You Must Know When Short Selling Your Property

Northeast OH Short Sale: How To Send A Fax To Everyone In Congress

Northeast OH – Bank of America is consistently the worst short sale lender we have dealt with. A lot of people sent me e-mails such as the following:

“You need to stop complaining. If you think having to re-open a file is bad, imagine working on a file for 8 months.”

Get my Free, . . . → Read More: Northeast OH Short Sale: How To Send A Fax To Everyone In Congress

Northeast Ohio Short Sales: Will I Owe Income Tax After A Short Sale?

Northeast OH – This is one of the first questions potential short sale sellers ask us. “I heard of something called “forgiveness of debt income and that it is taxable. How does that work?” they ask.

The following article is my personal opinion only. I recommend that you consult with a competent legal or . . . → Read More: Northeast Ohio Short Sales: Will A Short Sale Cost Me At Tax Time?