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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

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?

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?

Step Four to Get A Northeast OH Short Sale Approved In 90 Days Or Less

Northeast OH – We are explaining the steps to approving a short sale in 90 days or less. Today, we’re going to explain Step 4: Use the BPO information and knowledge of the loan owner’s short sale guidelines to force the lender to approve the short sale.

Click here to discover how other sellers . . . → Read More: Step Four to Get A Northeast OH Short Sale Approved In 90 Days Or Less

Step Three to Get A Northeast OH Short Sale Approved In 90 Days Or Less

Northeast OH – We are explaining the steps to approving a short sale in 90 days or less. Today, we’re going to explain Step 3: Find out the BPO value.

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

This seems fairly simple. But, most agents never find . . . → Read More: Step Three to Get A Northeast OH Short Sale Approved In 90 Days Or Less

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

Northeast OH – We are explaining the steps to approving a short sale in 90 days or less.

Today, we’re going to explain Step 2: Influence the BPO. A BPO is a bank’s version of an appraisal. They use that property valuation to make a decision to approve or deny a short sale offer.

. . . → Read More: Step Two To Get A Northeast OH Short Sale Approved In 90 Days Or Less

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

Northeast OH – We’re going to start explaining the steps to approving a short sale in 90 days or less.

Today, we’ll start with Step 1: Find out the type of loan it is. Examples are Fannie Mae, Freddie Mac, FHA, VA, Portfolio, and “Sliced and Diced.”

Click here to discover how other sellers . . . → Read More: Step One To Get A Northeast OH Short Sale Approved In 90 Days Or Less

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

Northeast OH Short Sales: How Bankers Lose Money By Being Incompetent On Short Sales

Northeast OH – A Short Sale can help you avoid owing your bank for losing money when they reject a short sale offer. Here is an example of how a bank lost money by delaying the short sale process.

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

. . . → Read More: Northeast OH Short Sales: How Bankers Lose Money By Being Incompetent On Short Sales