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A Common Northeast OH Short Sale Myth: Everyone Who Short Sells Their Home Will Be Released From The Debt

Northeast OH – Be careful who you take short sale advice from. Unfortunately, not everyone knows and understands short sales.

Here is an example of the myths propagated by people who think they know and understand short sales. I received an email from another agent recently.

Click here to discover how other sellers successfully . . . → Read More: A Common Northeast OH Short Sale Myth: Everyone Who Short Sells Their Home Will Be Released From The Debt

USA Short Sale Deficiencies On

Northeast OH – Another common type of loan that does not usually have a deficiency is a “Sliced and Diced” loan. A “Sliced and Diced” loan is a loan that has been securitized along with a bundle of other loans.

Here is how that happened. John gets a loan from ABC Bank. ABC Bank . . . → Read More: Northeast OH Short Sale Deficiencies On “Sliced & Diced Loans?

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 Short Sale Help: Another short sale almost killed by lender incompetence

Northeast OH – We have seen many instances where a short sale that should have been approved was denied. If your short sale realtor doesn’t know what they are doing, then you might get stuck with a promissory note that you don’t deserve.

Click here to discover how other sellers successfully did a short sale . . . → Read More: Northeast OH Short Sale Help: Another short sale almost killed by lender incompetence

Northeast OH Short Sales: Why Won’t My Lender Allow Me To Walk Away With No Deficiency?

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

“We are in the middle of a very long negotiation with a large national lender.

I had my agent put a clause into the contract stating “upon approval of short sale by sellers’ lender, lenders, & or . . . → Read More: Northeast OH Short Sales: Why Won’t My Lender Allow Me To Walk Away With No Deficiency?

Northeast OH Short Sale Question About Deficiencies

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

“I just got an approval from a large national lender this morning and the approval letter stated the following: “Promissory Note of 0.00.” What does a Promissory Note of 0.00 imply?

It shows the promissory note of . . . → Read More: Northeast OH Short Sale Question About Deficiencies

Northeast OH Short Sales: Why Is This Lender Lying To This Homeowner?

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

“My lender ******** Bank verbally told me that my short sale was approved. However, now they are now telling me that Fannie Mae did not approve the sale.

They gave me an option to pay $3,000 upfront . . . → Read More: Northeast OH Short Sales: Why Is This Lender Lying To This Homeowner?

Northeast OH Short Sale: Are The Banks Lying To Uncle Sam

Northeast OH – The Stop Foreclosure Institute recently received an e-mail from another real estate agent. They were asking for our advice on a short sale.

They accused a large, national lender (one of the 4 largest in America) of lying to Fannie Mae. Fannie Mae is almost a subsidiary of the Federal Government.

. . . → Read More: Northeast OH Short Sale: Are The Banks Lying To Uncle Sam

Northeast OH Short Sales: Does Fannie Mae Pursue Deficiencies?

Northeast OH – The Stop Foreclosure Institute recently received a question from Steve. Here is his question.

“We are doing a short sale with one of the largest nationwide banks. I told them I wouldn’t do the short sale unless they specifically changed their short sale approval letter to completely release me from the . . . → Read More: Northeast OH Short Sales: Does Fannie Mae Pursue Deficiencies?

Northeast Ohio Short Sales: This Short Sale Negotiator Isn't Doing His Job

Northeast OH – Here is a question that the Stop Foreclosure Institute recently received. “I am in the middle of a very long negotiation with Chase.

The seller had me to put a clause into the contract stating “upon approval of short sale by sellers’ lender, lenders, & or affiliates, client, or heirs . . . → Read More: Northeast Ohio Short Sales: This Short Sale Negotiator Isn’t Doing His Job