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It Isn't Likely Your Lender Will Collect Any More Money From You After A Northeast OH Short Sale

Northeast OH – Many homeowners considering a short sale are concerned about a deficiency. “Will I be forced to repay my bank for the $150,000 they lost”, they ask me.

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

The good news is that most homeowners are able . . . → Read More: It Isn’t Likely Your Lender Will Collect Any More Money From You After A Northeast OH Short Sale

A Fifth Common Northeast OH Short Sale Myth: The Property Cannot Already Be In Foreclosure

Northeast OH – As you can see some of the so called short sale experts online don’t know a lick about short sales. This article was on a finance site.

But, there were almost 300 comments, many from homeowners who were considering a short sale. Now, I don’t pretend to know everything about short . . . → Read More: A Fifth Common Northeast OH Short Sale Myth: The Property Cannot Already Be In Foreclosure

A Fourth Common Northeast Short Sale Myth: There Can Be No Liens On The Property

Northeast OH – This is the fourth inaccuracy I have seen in an article about short sales. I was this article online and noted 7-8 big inaccuracies.

You can’t get solid and accurate information on short sales unless you talk to an agent that has sold a few short sales.

Click here to discover . . . → Read More: A Fourth Common Northeast Short Sale Myth: There Can Be No Liens On The Property

A Third Common Northeast OH Short Sale Myth: The Home Has To Be On The Market For 90 Days Before The Bank Will Consider A Short Sale

Northeast OH – I am frustrated that people can be perpetuating these kinds of myths online. These experts on financial websites have never sold a short sale.

Some of them are not even licensed realtors. I recently saw an article on a well known financial website. The article falsely claimed that ” A home . . . → Read More: A Third Common Northeast OH Short Sale Myth: The Home Has To Be On The Market For 90 Days Before The Bank Will Consider A Short Sale

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

Northeast OH Short Sale Question: How Come The Bank Won't Approve The Short Sale?

Northeast OH – The Stop Foreclosure Institute recently received a question from another agent named Tom. Here was his question.

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

“I am negotiating a short sale with a bank. The short sale loan is a Veteran’s Administration Insured Loan. . . . → Read More: Northeast OH Short Sale Question: How Come The Bank Won’t Approve The Short Sale?

Northeast OH Short Sale Question: Will I Wipe Out The Debt When I Short Sale?

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

“I am upside down on my house. I owe over 700k and I have been told that it is now worth under 400k. I just hate to think how much it will cost me over the long . . . → Read More: Northeast OH Short Sale Question: Will I Wipe Out The Debt When I Short Sale?

I Am Trying To Buy A Northeast OH Short Sale. Can I Push The Process To Go Faster?

Northeast OH – Buyers often ask us how they can make the short sale process go faster. It is a common complaint.

Here is an example of the emailed we often receive. “I am trying to buy a short sale. It has been 4 months and we have heard nothing except that we are . . . → Read More: I Am Trying To Buy A Northeast OH Short Sale. Can I Push The Process To Go Faster?

So You Want To Steal A Short Sale?

Northeast OH – Some buyers think that a short sale is an opportunity for them to “steal” a home. They see courses on late night TV with the title: “How I Legally Rob Banks.”

Those courses tell them the way to rob banks is to buy a short sale. They fail to tell you . . . → Read More: So You Want To Steal A Short Sale?

How To Get A Northeast OH Short Sale Approved In 90 Days Or Less

Northeast OH – Most agents complain about how short sales drag out for months at a time.

Another agent once told me, “I hate short sales. They take 9-12 months to complete. The banks never call you back to let you know what is happening.”

The real problem is that most home buyers will . . . → Read More: How To Get A Northeast OH Short Sale Approved In 90 Days Or Less