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By CarlOrbase, on February 7th, 2012%
Westlake 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%
Westlake 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%
Westlake 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%
Westlake 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
By CarlOrbase, on December 12th, 2011%
Northeast OH – We recently saw something positive on short sales with Bank of America. Bank of America recently sent out an email stating that you can no initiate the short sale process without a buyer.
The agent can start the process and get things going before a buyer makes an offer to purchase . . . → Read More: Northeast OH Short Sales Are Improving
By CarlOrbase, on November 29th, 2011%
Northeast OH – The Stop Foreclosure Institute recently received this question from another agent. Here was his question.
“”Have you had any luck getting short sales done with no deficiency with Bank of America? My seller is a young couple. They received a job transfer but are very upside down on the house. David”
. . . → Read More: Northeast OH Short Sales: Will Bank Of America Approve Short Sales With No Deficiency?
By CarlOrbase, on November 14th, 2011%
Northeast OH – Many lenders do not own the loans they handle. Instead, they are paid by the actual loan owner to collect payment.
In my opinion, the banks make millions by understaffing their foreclosure departments? Here’s a real life example. A bank forecloses on a house and waits for over a year to . . . → Read More: Northeast OH Short Sales: Is It Ethical For Lenders To Make Millions At Your Expense?
By CarlOrbase, on July 25th, 2011%
Northeast OH – Are you looking to buy a short sale? Before you make an offer, you need to check and see how competent the listing agent is at short sales.
The listing agent is the agent with the property for sale. They will usually be in charge of processing the short sale with . . . → Read More: Questions Buyers Should Ask The Agent Listing A Northeast OH Short Sale
By CynthiaPistorino, on January 20th, 2011%
Bank of America may now be one of the preferred lenders to work with in the Short Sale process. They have been making several big improvements. This is good news if you are in a tough situation and Bank of America is your bank. It is promising news for everyone else too because we . . . → Read More: Bank of America Makes Improvements to Short Sale Process
By CynthiaPistorino, on December 27th, 2010%
The Headquarters of General Motors, former owner of GMAC
Northeast OH – GMAC, was the financing arm of General Motors. It was taken over by Uncle Sam and has been mostly privatized as Ally Financial.
However, many people still have loans from the original GMAC. Some of these homeowners want to short . . . → Read More: Northeast Ohio Short Sales- GMAC Short Sales
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