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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?

Northeast OH Short Sale Myth: Short Sales Are Always Sold Below Market Value

Northeast OH – Some people think that short sales represent a bargain in the real estate world. Some people have said that banks sell short sales for below market value because they want to avoid foreclosure.

That isn’t true. Yes, banks do prefer to sell a property in foreclosure as a short sale. They . . . → Read More: Northeast OH Short Sale Myth: Short Sales Are Always Sold Below Market Value

Northeast OH Short Sales: What makes a good short sale realtor?

Northeast OH – A good short sale realtor will mean the difference between success and failure on your short sale.

Here are the qualities that make a good, effective short sale realtor.

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

Persistence. Short sales are frustrating. Many . . . → Read More: Northeast OH Short Sales: What makes a good short sale realtor?

A Common Northeast OH Short Sale Case Mistake: Waiting To Long To Submit The Contract To The Short Sale Lender

Northeast OH – Short sales have a reputation for taking a long time. But, they can drag on even longer if the paperwork isn’t submitted to the lender in a timely manner.

When the Stop Foreclosure Institute first started doing short sales, we were hesitant to submit anything to the lender until we had . . . → Read More: A Common Northeast OH Short Sale Case Mistake: Waiting To Long To Submit The Contract To The Short Sale Lender

A Common Northeast OH Short Sale Case Mistake: Hiring An Agent With Little Short Sale Experience

Northeast OH – A few years ago most agents didn’t understand short sales. They didn’t want to get involved on them because of the extra work required.

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

Short sales take two to three times as much work. The extra . . . → Read More: A Common Northeast OH Short Sale Case Mistake: Hiring An Agent With Little Short Sale Experience

A Common Northeast OH Short Sale Case Mistake: Hiring An Agent With Little Short Sale Experience

Northeast OH – A few years ago most agents didn’t understand short sales. They didn’t want to get involved on them because of the extra work required.

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

Short sales take two to three times as much work. The . . . → Read More: A Common Northeast OH Short Sale Case Mistake: Hiring An Agent With Little Short Sale Experience

How will a Northeast Ohio Short Sale or loan modification affect my credit score?

Northeast OH – How do foreclosures, loan modifications or short sales affect a credit score? Your credit score will be affected by late mortgage payments and a short sale.

However, there are 2 things that are considered horrible on your credit report. Those 2 are items are foreclosure and bankruptcy.

Discover how other sellers . . . → Read More: How will a Northeast Ohio Short Sale or loan modification affect my credit score?

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?