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Northeast OH Short Sales: The Basics Behind a Hardship Letter

Northeast OH– When I interview sellers who want to short sale in my area, I ask them to describe their hardship.

Agents who do a lot of short sales can sometimes become a little insensitive because we are focused on the statistics. For instance, when a seller says she is getting divorced, it’s possible . . . → Read More: Northeast OH Short Sales: The Basics Behind a Hardship Letter

Northeast OH Short Sale Question: What Kind Of hardship Would My Lender Consider Legitimate?

Northeast OH– The type of hardship that your lender will consider legitimate depends on the mortgage company considering the Short Sale request.

In general, so long as the hardship is real & acceptable and the mortgage company believes the loan is likely to become delinquent. As a result, the Short Sale request will be . . . → Read More: Northeast OH Short Sale Question: What Kind Of hardship Would My Lender Consider Legitimate?

Northeast OH Short Sales: What Do Lenders Consider A Legitimate Hardship For A Short Sale?

Northeast OH –We had a question about FHA short sales yesterday. We did some research on FHA short sales as a result. We stumbled upon something interesting. 

We have a list of all of the things that FHA considers legitimate hardships for a short sale. Click here to view the actual list from FHA. . . . → Read More: Northeast OH Short Sales: What Do Lenders Consider A Legitimate Hardship For A Short Sale?

Northeast OH Short Sales: The Short Sale Process from beginning to end

Northeast OH – The short sale process can vary, but it will generally work as follows:

1) The lender is contacted to discuss the possibility of a short sale and to determine the lender’s process for completing the sale.

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

. . . → Read More: Northeast OH Short Sales: The Short Sale Process from beginning to end

Northeast OH Short Sales: What Do Lenders Consider A Legitimate Hardship For A Short Sale?

Northeast OH –We had a question about FHA short sales yesterday. We did some research on FHA short sales as a result. We stumbled upon something interesting.

We have a list of all of the things that FHA considers legitimate hardships for a short sale. Click here to view the actual list from . . . → Read More: Northeast OH Short Sales: What Do Lenders Consider A Legitimate Hardship For A Short Sale?

Hardship is key in successful Bay Village Ohio short sale

There are 4 factors I look at when prequalifying someone for a Bay Village short sale (or North Eastern Ohio short sale): . . . → Read More: Hardship is key in successful Bay Village Ohio short sale