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A Common Northeast OH Short Sale Myth: You Don’t Know If Your Lender Will Want A Deficiency Until We Have Started The Short Sale Process

Northeast OH – I am about to explain how the different types of loans impacts whether or not you will have a deficiency after you short sale your house.

But, I first want to bust the common myth that you won’t know if you will have a deficiency until after you have started the . . . → Read More: A Common Northeast OH Short Sale Myth: You Don’t Know If Your Lender Will Want A Deficiency Until We Have Started The Short Sale Process

A Common Northeast OH Short Sale Myth: You Must Have Defaulted On Your Loan Before Your Lender Will Talk About A Short Sale

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

“I’ll stop making the payments on my condo. That way we can start on the short sale process with my lender. How far behind do I have to be before they will start negotiations.

Click here to . . . → Read More: A Common Northeast OH Short Sale Myth: You Must Have Defaulted On Your Loan Before Your Lender Will Talk About A Short Sale

A Common Northeast OH Short Sale Case Mistake: Waiting To Long To Submit The Contract To The Short Sale Lender

Northeast OH – Short sales have a reputation for taking a long time. But, they can drag on even longer if the paperwork isn’t submitted to the lender in a timely manner.

When the Stop Foreclosure Institute first started doing short sales, we were hesitant to submit anything to the lender until we had . . . → Read More: A Common Northeast OH Short Sale Case Mistake: Waiting To Long To Submit The Contract To The Short Sale Lender

Another Common Northeast OH Short Sale Myth: You Have To Be Behind On Payments Before Your Lender Will Approve A Short Sale

Northeast OH – This is a common myth that is promoted by people that do not understand lenders or the foreclosure process. However, it’s not true.

Get my Free, Step By Step Loan Modification Guide by clicking here.

Many homeowners have short sold their home and never missed a payment. The lenders will approve . . . → Read More: Another Common Northeast OH Short Sale Myth: You Have To Be Behind On Payments Before Your Lender Will Approve A Short Sale

A Common Myth About Northeast OH Short Sales: Banks don't like short sales and prefer foreclosure

 

Northeast OH – One of the Stop Foreclosure Institute members talked to a homeowner recently about a short sales. Her house was close to being foreclosed upon.

She had thought about short selling the house. But, she had heard from her friends that banks don’t really like short sales and never pursued . . . → Read More: A Common Myth About Northeast OH Short Sales: Banks don’t like short sales and prefer foreclosure