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By CarlOrbase, on December 7th, 2011%
Northeast OH – This is another short sale myth we’ve seen tossed around. Some people in the media even suggested that banks were delaying foreclosures to delay losses being recorded on their books.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here is what I think is . . . → Read More: Northeast OH Short Sale Myth: Banks Aren’t Approving Short Sales Because They Don’t Want To Take Big Losses
By CarlOrbase, on December 5th, 2011%
Northeast OH – In our last post, we talked about how you could contact the entity that owns a loan. But, some people were wondering how they could find out who owned their loan.
“I thought ABC Bank owned my loan. I send them a payment every month”, they told us. Well, here is . . . → Read More: Northeast OH Short Sales: How To Find Out Who Owns The Loan So You Can Hold Your Bank Accountable
By CarlOrbase, on November 30th, 2011%
Northeast OH – Occupy Wall Street Protestors are not having the best success attacking Wall Street and the banks. But, that is because they are complaining about what they think is wrong with the situation.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
If the protestors only knew . . . → Read More: Northeast OH Short Sales: What Occupy Wall Street Doesn’t Know About Bankers
By CarlOrbase, on November 28th, 2011%
Northeast OH – The Stop Foreclosure Institute recently received an email from Mercedes. Here was her question.
“I need your help on how to escalate a file with Chase. Twelve months and still Chase claims the loan owner, Freddie Mac, will not help with buyer’s closing costs, wants a $36,000 promissory note or $15,000 . . . → Read More: How To Escalate The File On A Northeast OH Short Sale
By CarlOrbase, on November 16th, 2011%
Northeast OH – Here is a problem: Buyers don’t like short sales because of the uncertainty and the wait. How do we solve this problem?
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
During the short sale process, if the BPO gets completed and the bank won’t . . . → Read More: How I Make The Northeast OH Short Sale Process Faster and Easier
By CarlOrbase, on November 15th, 2011%
Northeast OH – A large national bank did a lousy job on a short sale file. We waited 90 days for an answer on an offer. The buyer got impatient and walked.
We had a backup buyer. But, instead of reviewing the new offer, the short sale negotiator closed the file. The owner of . . . → Read More: I Sent Everyone In Congress A Fax About Northeast OH Short Sales
By CarlOrbase, on November 14th, 2011%
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?
By CarlOrbase, on October 18th, 2011%
Northeast OH – I recently saw an article written by a prominent, so called short sale expert. In the article, this supposed expert says the only rules for short sales are HAFA, but even those rules are subject to interpretation.
That is like saying that there are no traffic laws. If that were the . . . → Read More: Northeast OH Short Sale Myth: There Are No Rules Or Guidelines For Short Sales
By CarlOrbase, on October 9th, 2011%
Northeast OH – The Stop Foreclosure Institute recently received a question from Aggie. Here was Aggie’s Question.
“We received a short sale approval on the 1st. They will only pay the second mortgage $3,000. The problem is that the second mortgage wants $5,500.
We are arguing back and forth with the second mortgage. The . . . → Read More: Northeast OH Short Sale Q & A: The Second Mortgage Wants More Than The First Mortgage Will Give Them
By CarlOrbase, on October 1st, 2011%
Northeast OH – Some homeowners looking to short sell their home think that they will have to repay their lender for the entire loss. It’s unfortunate to see them stress out and lose sleep at night wondering how they will repay the debt.
A short sale loss is usually a large bill for the . . . → Read More: Northeast OH Short Sale Myth: I will have a deficiency no matter what happens
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