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Are Northeast OH Short Sales Really A Nightmare?

Northeast OH – I read a blog post by another agent the other day. He had a long story about a short sale that he worked on that was so difficult. He said the lender sent him a form on Friday.

On Friday afternoon they demanded that he send them back a form signed . . . → Read More: Are Northeast OH Short Sales Really A Nightmare?

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

Northeast OH Short Sales: Why Persistence Is So Important In Success At Short Sales

Northeast OH – In a recent blog posts, I discussed how banks throw out a short sale file if it is rejected. When an offer comes in on a short sale, it takes 30-60 days for a person at the bank to look at the offer.

Click here to discover how other sellers successfully . . . → Read More: Northeast OH Short Sales: Why Persistence Is So Important In Success At Short Sales

The Final Numbers On How A Northeast OH Short Sale Reduces Losses

Northeast OH – On our last blog post, we ran some numbers on why a short sale reduces a lender’s losses by 20% compared to a foreclosure.

Today I am going to add all the numbers together. That way we can see exactly how much this lender lost by not accepting the short sale.

. . . → Read More: The Final Numbers On How A Northeast OH Short Sale Reduces Losses

How Long Does It Take For My Credit To Go Back To Normal After A Northeast OH Short Sale?

Northeast OH – The Stop Foreclosure Institute recently received a question from Sammy. Here was his question.

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

“I like your blog post about how to get out of paying a deficiency. However, how long will it be on your . . . → Read More: How Long Does It Take For My Credit To Go Back To Normal After A Northeast OH Short Sale?

How Does the Realtor Get Paid On A Northeast OH Short Sale

 

Northeast OH – A potential home seller asked The Stop Foreclosure Institute how we get paid on a short sale transaction. So I decided to answer that question in today’s blog post.

Here is how most Realtors get paid on a short sale. They make a real estate commission from the sale . . . → Read More: How Does the Realtor Get Paid On A Northeast OH Short Sale

Northeast OH Short Sales: How To Negotiate Away Promissory Notes

Northeast OH – If your loan has Private Mortgage Insurance, also known as PMI, then there is a high likelihood that they will request that you sign a promissory note.

Today’s blog post talks about how to convince the lender to waive it.

Discover how other sellers successfully did a short sale to . . . → Read More: Northeast OH Short Sales: How To Negotiate Away Promissory Notes

Northeast Ohio Short Sales: One Upside To The Horrible Housing Market

Northeast OH – If you are a homeowner, then the housing crisis has decimated the equity in your home. Many families have watched years of hard work spent building their equity go down the drain.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

But, there is one . . . → Read More: Northeast Ohio Short Sales: One Upside To The Horrible Housing Market

Northeast OhioShort Sales: What options do we have if getting divorced and neither can afford?

Northeast OH – If you are in this, or a similar situation, my advice would be that you sell the house. Now, if you are reading this blog, then you must be investigating a short sale.

Which means that you probably owe more than your home is worth. You have three options.

Option #1: . . . → Read More: Northeast Ohio Short Sales: What options do we have if getting divorced and neither can afford?

How to Avoid Short Sale Fraud

How do you know you can trust the person helping you out? The best thing you can do is work with a state licensed agent or broker like me who specializes in the short sale. Call me at 216-324-6637.

In the short sale news radar a bunch of articles have popped up . . . → Read More: How to Avoid Short Sale Fraud