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Northeast OH Short Sales: How Can I Get An Answer On My Offer?

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

“I made an offer to buy a short sale about 4 months ago. I have heard nothing except that they are going to re-submit the short sale paperwork to the lender.

I am very frustrated. Is there . . . → Read More: Northeast OH Short Sales: How Can I Get An Answer On My Offer?

Why Isn't Anyone Holding These People Accountable On Northeast OH Short Sales?

Northeast OH – Are you thinking about short selling your home? Here is a way that any seller can help with the short sale. First off, the biggest problem is that there is very little accountability in the short sale industry.

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Why Isn’t Anyone Holding These People Accountable On Northeast OH Short Sales?

Will My Lender Sue Me After A Northeast OH Short Sale?

Northeast OH – Many people are concerned about a potential lawsuit after a short sale.

Many people ask us, “My lender just lost $150,000. Aren’t thing going to be angry that they are losing that much money? Won’t they sue me?”

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Will My Lender Sue Me After A Northeast OH Short Sale?

Don’t Accept A Promissory Note When You Short Sale Your USA Home

Northeast OH – Many lenders ask for a promissory note on short sales. This is especially true if the lender has Private Mortgage Insurance (also called PMI) that has to approve the short sale.

The PMI companies know that homeowners will do anything to protect their credit when they are short selling their home.

. . . → Read More: Don’t Accept A Promissory Note When You Short Sale Your Northeast OH Home

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?

Will I Owe A Deficiency On A Northeast OH Short Sale If I Have A USDA Loan?

Northeast OH – Another common type of loan that does not usually have a deficiency is a USDA loan. The USDA loan program was created to make it easier for people that lived in rural areas to buy their own home.

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Will I Owe A Deficiency On A Northeast OH Short Sale If I Have A USDA Loan?

Will I Owe A Deficiency On A Northeast OH Short Sale If I Have A VA Loan?

Northeast OH – Another common type of loan that does not usually have a deficiency is a VA loan.

But, how do you determine whether or not you have an VA loan?

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

On your original mortgage, 1-4 pages past . . . → Read More: Will I Owe A Deficiency On A Northeast OH Short Sale If I Have A VA Loan?

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 Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender

Northeast OH – Thinking about a loan modification. If you can afford to, then order an appraisal. Or, do your own appraisal.

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

Ask your realtor “Hey, what are houses in my area selling for?” I’ve seen people who bought . . . → Read More: Northeast OH Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender

Northeast OH Short Sales: What To Do When A Short Sale Negotiator Gets An Attitude

Northeast OH – Most short sale negotiators are professional. They understand the seriousness of their jobs. They work hard to educate themselves on the industry and market trends.

They are friendly and fun to work with. This is one of the things I like about selling short sales for a living. The downside is . . . → Read More: Northeast OH Short Sales: What To Do When A Short Sale Negotiator Gets An Attitude