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When A Bank Should Approve A Northeast OH Short Sale Offer

Northeast OH – A bank should approve a short sale when it makes the best financial sense to do so. Here is a little known fact. About 80% of all loans are not owned by the bank handling them.

That means that someone else is going to lose money if your bank rejects the . . . → Read More: When A Bank Should Approve A Northeast OH Short Sale Offer

When A Bank Should Approve A Northeast OH Short Sale

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

A bank should accept your short sale when the following rules apply. All banks and servicers have a fiduciary duty to the investor of the loan.

If they own the loan themselves, they have a fiduciary duty to . . . → Read More: When A Bank Should Approve A Northeast OH Short Sale

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?

When A Bank Should Accept A Buyer's Offer To Buy A Northeast OH Short Sale

Northeast OH – A bank should accept your short sale when the following rules apply. All banks and servicers have a fiduciary duty to the investor of the loan.

If they own the loan themselves, they have a fiduciary duty to their stockholders. The duty is to get that investor the most money possible.

. . . → Read More: When A Bank Should Accept A Buyer’s Offer To Buy A Northeast OH Short Sale

Northeast Ohio Short Sales: Another Example Of Lenders Attempting To Abuse Their Power

Northeast OH – The Stop Foreclosure Institute recently received a question from Durry. Here was Durry’s Question.

“We have American Home Mortgage Servicing, a loan processor for a Mortgage held by Deutche Bank, adding a 1% “processing fee” that ONLY the buyer can pay at closing.

This was never revealed until we received the . . . → Read More: Northeast Ohio Short Sales: Another Example Of Lenders Attempting To Abuse Their Power

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

Your lender wants you to foreclose?

If you listen to Tony Robbins, you might hear him say that every decision anyone makes is based completely on the amount of pain and pleasure that we derive from such a decision and its out comes.

Some individuals may have been programed by our parents or society to have a conscience or to . . . → Read More: Your lender wants you to foreclose?