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Will My Lender Sue Me After A Northeast OH Short Sale?

Northeast OH – Many people are concerned about a potential lawsuit after a short sale.

Many people ask us, “My lender just lost $150,000. Aren’t thing going to be angry that they are losing that much money? Won’t they sue me?”

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Will My Lender Sue Me After A Northeast OH Short Sale?

Buying A Northeast OH Short Sales? Make Sure You Have This Person Helping You

Northeast OH – Thinking of buying a Northeast OH Short Sale? The short sale process is difficult to navigate. The first thing you should do it make sure that the agent who has the house for sale knows what they are doing.

Click here to discover how other sellers successfully did a short sale . . . → Read More: Buying A Northeast OH Short Sales? Make Sure You Have This Person Helping You

Don’t Accept A Promissory Note When You Short Sale Your USA Home

Northeast OH – Many lenders ask for a promissory note on short sales. This is especially true if the lender has Private Mortgage Insurance (also called PMI) that has to approve the short sale.

The PMI companies know that homeowners will do anything to protect their credit when they are short selling their home.

. . . → Read More: Don’t Accept A Promissory Note When You Short Sale Your Northeast OH Home

Will I Owe A Deficiency On A Northeast OH Short Sale If I Have A USDA Loan?

Northeast OH – Another common type of loan that does not usually have a deficiency is a USDA loan. The USDA loan program was created to make it easier for people that lived in rural areas to buy their own home.

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Will I Owe A Deficiency On A Northeast OH Short Sale If I Have A USDA Loan?

Will I Owe A Deficiency On A Northeast OH Short Sale If I Have A VA Loan?

Northeast OH – Another common type of loan that does not usually have a deficiency is a VA loan.

But, how do you determine whether or not you have an VA loan?

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

On your original mortgage, 1-4 pages past . . . → Read More: Will I Owe A Deficiency On A Northeast OH Short Sale If I Have A VA Loan?

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

Northeast OH Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender

Northeast OH – Thinking about a loan modification. If you can afford to, then order an appraisal. Or, do your own appraisal.

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

Ask your realtor “Hey, what are houses in my area selling for?” I’ve seen people who bought . . . → Read More: Northeast OH Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender

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