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Northeast OH Short Sale Question: Should I Short Sale My Rental?

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

“I own a rental house. When I bought it, the rent covered the mortgage and all the other payments. However, rental rates have declined in my area and the rent no longer covers the mortgage.

Besides that, . . . → Read More: Northeast OH Short Sale Question: Should I Short Sale My Rental?

How Long Does It Take For My Credit To Go Back To Normal After A Northeast OH Short Sale?

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

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

“I like your blog post about how to get out of paying a deficiency. However, how long will it be on your . . . → Read More: How Long Does It Take For My Credit To Go Back To Normal After A Northeast OH Short Sale?

Questions Buyers Should Ask The Agent Listing A Northeast OH Short Sale

Northeast OH – Are you looking to buy a short sale? Before you make an offer, you need to check and see how competent the listing agent is at short sales.

The listing agent is the agent with the property for sale. They will usually be in charge of processing the short sale with . . . → Read More: Questions Buyers Should Ask The Agent Listing A Northeast OH Short Sale

Northeast OH Short Sales: I Don’t Have A Normal Hardship. Is a Short Sale still an Option?

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

“I own a condo in Hackensack, New Jersey. I purchased in 2007, pre-construction for $375k and have a mortgage balance of $337k.

I have been trying to sell my unit for upwards of 2 years with . . . → Read More: Northeast OH Short Sales: I Don’t Have A Normal Hardship. Is a Short Sale still an Option?

Wells Fargo short sale closed in Moreland Hills

This ends up being a huge service to this Moreland Hills Ohio short sale seller because he had significant retirement assets. The bank knew about this but we were still able to negotiate terms on the short sale letter completely releasing the seller from any future liability from the short sale deficiency. When you need to short sale your home make sure you work with an expert. It could mean huge money to you . . . → Read More: Another short sale closed in Moreland Hills