Twitter Counter

One Lender That Is Fun To Work With On Northeast OH Short Sales

Northeast OH – We recently closed another short sale. This short sale lender was so much more fund to work with than most lenders. The loan was owned by Household Finance, which is a division of the international lender HSBC.

We were assigned a short sale negotiator about 30 days after we submitted the . . . → Read More: One Lender That Is Fun To Work With On Northeast OH Short Sales

A Common Northeast OH Short Sales: The Most Common Types Of Loan That Do Not Require A Deficiency

Northeast OH – OK, let’s talk about the most common types of loans that do not require a deficiency on a short sale. The first common loan type is a Fannie Mae or Freddie Mac loan.

I’ll call them Fannie & Freddie in this post. Freddie & Fannie are different quasi-governmental entities that own . . . → Read More: A Common Northeast OH Short Sales: The Most Common Types Of Loan That Do Not Require A Deficiency

Worried About Owing Money After A USA Short Sale?

Northeast OH – We recently received an email from Joy. She was thinking about a short sale, but was worried about a deficiency.

Here is a sentence from her email: “We obviously want to get the price as close to fair market value as possible to eliminate or reduce any deficiency the bank may . . . → Read More: Worried About Owing Money After A Northeast OH 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 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

ANortheast OH Short Sales: Why Do So Many Loan Modifications Fail?

Northeast OH – Everyone who has every tried to negotiate a loan modification with their lender has been frustrated with the process.

We hear the following comments from frustrated homeowners all the time. “Why won’t they work with me?” I want to keep my home and pay them a reasonable payment. My home . . . → Read More: Northeast OH Short Sales: Why Do So Many Loan Modifications Fail?

Northeast OH Short Sales: Why It's Not Embarrassing To Short Sale Your Home Anymore

Northeast OH – What a relief! You can now short sale your home and not feel like a loser. In fact, it’s becoming the “cool” thing to do.

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

I recently read an article about how Medicare was costing way . . . → Read More: Northeast OH Short Sales: Why It’s Not Embarrassing To Short Sale Your Home Anymore

Northeast OH Short Sales: Why The Lack of Accountability Has Hurt The Housing Market & US Economy

Northeast OH – The National Consumer Law Center wrote a White Paper on how banks handle loan modifications, short sales and foreclosures.

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

They titles their White Paper “Why Servicers Foreclose When They Should Modify and Other Puzzles of Servicer . . . → Read More: Northeast OH Short Sales: Why The Lack of Accountability Has Hurt The Housing Market & US Economy

Northeast OH Short Sales: Will Banks Issue an Extension on a Short Sale Approval Letter?

Northeast OH – Under normal circumstances, banks are not required to extend the closing of a short sale. The last thing a buyer would want to hear is that their mortgage lender can’t perform especially after waiting for a number of months to buy a home.

Click here to discover how other sellers successfully . . . → Read More: Northeast OH Short Sales: Will Banks Issue an Extension on a Short Sale Approval Letter?