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By CarlOrbase, on May 22nd, 2012%
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?
By CarlOrbase, on May 21st, 2012%
Northeast OH – Many people are concerned about a deficiency after a short sale. They are afraid that their bank may garnish all of their wages.
It’s scary to think that at any moment your bank could grab every dime you make and leave you broke. Most people short sell their house because of . . . → Read More: Will I Have My Wages Garnished After A Northeast OH Short Sale?
By CarlOrbase, on May 21st, 2012%
Northeast OH – Thinking of buying a Northeast OH Short Sale? The short sale process is difficult to navigate. The first thing you should do it make sure that the agent who has the house for sale knows what they are doing.
Click here to discover how other sellers successfully did a short sale . . . → Read More: Buying A Northeast OH Short Sales? Make Sure You Have This Person Helping You
By CarlOrbase, on May 21st, 2012%
Northeast OH – I recently heard another so-called short sale expert say that the Federal Mortgage Forgiveness Debt Relief Act made it so that everyone gets to short sale with no deficiency
The unfortunate news is that this is not true. In some state, state law forbids the lenders from attempting to collect from . . . → Read More: Northeast OH Short Sale Myth: The Mortgage Forgiveness Law Means That Everyone Gets To Short Sale With No Deficiency
By CarlOrbase, on May 15th, 2012%
Northeast OH – We had a negotiator at Bank of America try to push us around a little while ago. We’ve studied and analyzed all of the short sale guidelines and rules.
This was an FHA loan and therefore would be governed by FHA’s Short Sale Guidelines. This means that the lender must follow . . . → Read More: Northeast OH Short Sales: Why Do Bank Negotiators Break The Rules?
By CarlOrbase, on May 15th, 2012%
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
By CarlOrbase, on May 14th, 2012%
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?
By CarlOrbase, on May 14th, 2012%
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?
By CarlOrbase, on May 14th, 2012%
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?
By CarlOrbase, on May 8th, 2012%
Northeast OH – The next most common type of loan that does not usually have a deficiency is an FHA loan.
But, how do you determine whether or not you have an FHA loan?
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here is the best way . . . → Read More: Will I Owe A Deficiency On A Northeast OH Short Sale If I Have An FHA Loan?
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