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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

Northeast Ohio Short Sales: Avoid Surprises

Northeast OH – Many agents and buyers are scared of short sales. Here is something that I do to make the short sale process easier for the home seller.

Before I start negotiations with your lender, I will order a complete title search. Here is why I do that. I want to know . . . → Read More: Northeast Ohio Short Sales: Avoid Surprises

Selling on a short sale? Sell as is with us!

I just noticed this article at Florida today. It discusses the importance, especially in the market today… and even more when you are selling a luxury home… of making sure your home has all the updates and staging so that it meets the expectations of the buyers that are looking in that price range.

. . . → Read More: Selling on a short sale? Sell as is with us!

Ohio cracks the whip on bank foreclosure filings

Dennis Murray (D-Sandusky) introduced House Bill (HB) 323 to Ohio’s House of Representatives. This bill on the draconian side for banks. It would require a brisk time line for banks to move a home from foreclosure court filing to bringing it to sheriff sale… if they don’t follow the time line apparently the lender will have the mortgage liens removed from the property and lose any rights to the proceeds of the sale of the property. . . . → Read More: Ohio cracks the whip on bank foreclosure filings

Will the new guidelines for FHA short sales help you or hurt you?

With an increase in FHA loans being written, everyone should expect an increase in the number of FHA pre-foreclosure sales on the market.

However, there are some changes in the guidelines of pre-foreclosure sale program also known as FHA short sale.

These guidelines for the most part a significant improvement for anyone needing to . . . → Read More: Will the new guidelines for FHA short sales help you or hurt you?