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USA Short Sales: Why Do Bank Negotiators Break The Rules?

Northeast OH – We had a negotiator at Bank of America try to push us around a little while ago. We’ve studied and analyzed all of the short sale guidelines and rules.

This was an FHA loan and therefore would be governed by FHA’s Short Sale Guidelines. This means that the lender must follow . . . → Read More: Northeast OH Short Sales: Why Do Bank Negotiators Break The Rules?

Worried About Owing Money After A USA Short Sale?

Northeast OH – We recently received an email from Joy. She was thinking about a short sale, but was worried about a deficiency.

Here is a sentence from her email: “We obviously want to get the price as close to fair market value as possible to eliminate or reduce any deficiency the bank may . . . → Read More: Worried About Owing Money After A Northeast OH Short Sale?

Yes, I Do Think A Northeast OH Loan Modification Is The right Thing To Do

Northeast OH – I received a note the other day from Andrew. He was upset that I would tell people that are upside down on their house to ask for a principal reduction from their lender. Here was his email.

Click here to discover how other sellers successfully did a short sale and avoided . . . → Read More: Yes, I Do Think A Northeast OH Loan Modification Is The right Thing To Do

Another Example Of Just How Lousy A Northeast OH Loan Modification Is For You

Northeast OH – Are you pulling your hair out trying to convince your lender to reduce the amount you owe on your home?

People have a hard time grasping how difficult it is to get a loan modification that is fair. These banks just do everything they can to squeeze homeowners for as much . . . → Read More: Another Example Of Just How Lousy A Northeast OH Loan Modification Is For You

Thinking About A Northeast OH Loan Modification? Run The Numbers First

Northeast OH – When you negotiate your loan mod you need to remember that the banks are professional negotiators. They know the tricks.

They know how to suck as much money out of you as is legally possible. Don’t kid yourself. They’re going to use every single tool in their tool chest to . . . → Read More: Thinking About A Northeast OH Loan Modification? Run The Numbers First

Why Northeast OH Loan Modifications Are Bad: Family Rents Bigger House For $550 Less Than Old Home

Northeast OH – It’s sad that the banks aren’t willing to give anyone a principal reduction. The banks reasoning is that if they start granting principal reductions, then every single upside down homeowner will want one.

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

As a result . . . → Read More: Why Northeast OH Loan Modifications Are Bad: Family Rents Bigger House For $550 Less Than Old Home

Northeast OH Short Sales: What To Do When A Short Sale Negotiator Gets An Attitude

Northeast OH – Most short sale negotiators are professional. They understand the seriousness of their jobs. They work hard to educate themselves on the industry and market trends.

They are friendly and fun to work with. This is one of the things I like about selling short sales for a living. The downside is . . . → Read More: Northeast OH Short Sales: What To Do When A Short Sale Negotiator Gets An Attitude

A Few More Tips On Buying Northeast OH Rental Property

Northeast OH – The return on investment is very good because of a tight rental market caused by the housing crisis. Rents have increased while home prices have dropped.

Single Family Homes are the best way to go because they are easy to rent and you can prescreen for the absolute best tenants. Good . . . → Read More: A Few More Tips On Buying Northeast OH Rental Property

A Seventh Common Northeast OH Short Sale Myth: Banks Want The Homes To Be Priced Reasonably

Northeast OH – I’m writing a series in response to a number of big misconceptions I saw on a personal finance website online.

We are on our final myth from what I saw in an article about short sales on a popular personal finance website. The writer claimed that in order for your home . . . → Read More: A Seventh Common Northeast OH Short Sale Myth: Banks Want The Homes To Be Priced Reasonably

A Sixth Common Northeast OH Short Sale Myth: Banks Accept Short Sales Because Foreclosure Auctions Bring Much Less Money

Northeast OH – I’m writing a series in response to a number of big misconceptions I saw on a personal finance website online.

I don’t know if the personal finance write either didn’t know about short sales and was pretending to be an expert, or they were being fed bad information.

It could have . . . → Read More: A Sixth Common Northeast OH Short Sale Myth: Banks Accept Short Sales Because Foreclosure Auctions Bring Much Less Money