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The Second Step In Fixing The Flawed Northeast OH Short Sale Process

Northeast OH – In our last post, we agreed that the first step in fixing the flawed short sale process is to acknowledge what the problem is.

We agreed that the problem is that the lenders and investors are losing billions on defaulted loans.

In addition, American Homeowners are losing billions on declining home . . . → Read More: The Second Step In Fixing The Flawed Northeast OH Short Sale Process

Fixing Credit After A Northeast OH Short Sale Step 3: Rank Items In Order Of Importance

Northeast OH – The next step in going over your credit reports is to really rank the items being reported about you to find ones that are the most negative. Rank the negative items with the MOST negative ones given the lowest ranking.

Get my Free, Step By Step Loan Modification Guide by clicking . . . → Read More: Fixing Credit After A Northeast OH Short Sale Step 3: Rank Items In Order Of Importance

Three Ways The Big Banks Could Stabilize Housing Prices And Increase Their Profits At The Same Time

Northeast OH – Many Americans are concerned about the housing market. If they housing market continues to decline, then it could drag the entire economy with it. At least that’s what some economists are saying.

We want to be part of the solution, not part of the problem. So, we decided to propose . . . → Read More: Three Ways The Big Banks Could Stabilize Housing Prices And Increase Their Profits At The Same Time

Northeast OH Short Sales: Why Is Everyone So Negative About The Housing Market?

Northeast OH – The tax credit expired and everyone turned negative on the housing marketing.

One so called expert said we could see headlines about the real estate market crashing again. Another said that the housing market is going to continue it’s decline for another years or two.

He referenced an article that . . . → Read More: Northeast OH Short Sales: Why Is Everyone So Negative About The Housing Market?

Northeast OH Short Sales: My home is in foreclosure. How soon will the bank kick me out?

Northeast OH – The Stop Foreclosure Institute recently received a question from another realtor named Sandy. Here is her question.

“An agent in my office currently has a listing under contract. It is a short sale, the sad thing is that Large National Bank (to remain unnamed) notified the sellers that they had . . . → Read More: Northeast OH Short Sales: My home is in foreclosure. How soon will the bank kick me out?

Another strategy to use when negotiating a Northeast OH Loan Modification

Northeast OH – Lenders hate losing money. They hate loan modifications, principal reductions, and any other thing that causes them to lose money.

But, in today’s tough economy they have no choice but to accept them. The primary reason a lender will grant a loan modification is because that usually reduces their losses.

. . . → Read More: Another strategy to use when negotiating a Northeast OH Loan Modification

A Common Myth About Northeast OH Short Sales: Banks don't like short sales and prefer foreclosure

 

Northeast OH – One of the Stop Foreclosure Institute members talked to a homeowner recently about a short sales. Her house was close to being foreclosed upon.

She had thought about short selling the house. But, she had heard from her friends that banks don’t really like short sales and never pursued . . . → Read More: A Common Myth About Northeast OH Short Sales: Banks don’t like short sales and prefer foreclosure

Fixing Credit After A Northeast OH Short Sale Step 3: Rank Items In Order Of Importance

Northeast OH – The next step in going over your credit reports is to really rank the items being reported about you to find ones that are the most negative. Rank the negative items with the MOST negative ones given the lowest ranking.

Get my Free, Step By Step Loan Modification Guide by clicking . . . → Read More: Fixing Credit After A Northeast OH Short Sale Step 3: Rank Items In Order Of Importance

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?

Northeast Ohio Short Sales: Four Specific Examples of Big Bank Negligence

Northeast OH – Here are four specific examples of big bank’s negligence causing a loan owner to lose money.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Example #1: Not giving buyers an answer on a short sale within one week. Home buyers don’t like to wait . . . → Read More: Northeast Ohio Short Sales: Four Specific Examples of Big Bank Negligence