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Why Are Some Northeast OH Foreclosures and Short Sales Being Sold With Tenants Still In The Property?

Northeast OH – A person recently asked me about how the banks foreclose on properties with a tenant living in it.

“Why would a bank go to the trouble of a foreclosure if there is already a tenant in the house paying them?”, they asked me. That’s an interesting question.

Click here to discover . . . → Read More: Why Are Some Northeast OH Foreclosures and Short Sales Being Sold With Tenants Still In The Property?

Northeast OH Short Sale Question: Will I Wipe Out The Debt When I Short Sale?

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

“I am upside down on my house. I owe over 700k and I have been told that it is now worth under 400k. I just hate to think how much it will cost me over the long . . . → Read More: Northeast OH Short Sale Question: Will I Wipe Out The Debt When I Short Sale?

Is This Bank Breaking The Law On Northeast OH Short Sales?

Northeast OH – One large, national bank requires that all home buyers trying to buy a short sale give them their credit information before they make an offer on the house.

They are asking for the buyer’s social security number and pulling their credit report. Why are they doing this? But, more importantly is . . . → Read More: Is This Bank Breaking The Law On Northeast OH Short Sales?

Northeast OH Short Sales: Who Loses When A Loan Modification Fails?

Northeast OH – Most people think that when a loan modification fails, then the homeowner who loses their home is the only party that loses. Well, often the bank loses as well. Let me explain why.

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

Many banks are . . . → Read More: Northeast OH Short Sales: Who Loses When A Loan Modification Fails?

The Advantages A Northeast OH Short Sales Has Over Foreclosure

Northeast OH – Some people don’t know why they should bother with a short sale. “I’ll just let the bank foreclose. A short sale isn’t worth the aggravation”, they tell us.

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

There is one simple reason I would prefer . . . → Read More: The Advantages A Northeast OH Short Sales Has Over Foreclosure

Northeast OH Short Sales Are Improving

Northeast OH – We recently saw something positive on short sales with Bank of America. Bank of America recently sent out an email stating that you can no initiate the short sale process without a buyer.

The agent can start the process and get things going before a buyer makes an offer to purchase . . . → Read More: Northeast OH Short Sales Are Improving

Northeast OH Short Sales: Loan Modification Loss Comparison Calculator

Northeast OH – If you are looking to convince your lender to approve your loan modification, then here is a tool you might find useful.

Here is a sample calculator you can use to convince your lender to approve your loan modification.

Click here to discover how other sellers successfully did a short sale . . . → Read More: Northeast OH Short Sales: Loan Modification Loss Comparison Calculator

Northeast OH Short Sale Question: Is This Lender Lying To Me?

Northeast OH – The Stop Foreclosure Institute recently received this question from another agent. Here was her question.

“I was just told by the lender on a short sale that they will have to “close” the file because they buyer’s name changed. They said that due to Freddie & Fannie rules if the buyer’s . . . → Read More: Northeast OH Short Sale Question: Is This Lender Lying To Me?

Realtor Has Good Success Using Stop Foreclosure Institute Short Sale Negotiation Strategy

Northeast OH – The Stop Foreclosure Institute recently received this email from Karen. She had ask the us for some help on a short sale. Here was the email.

I sent an email to the lender on a short sale, utilizing the e-mail address list you provided. The email was sent at 1:43 p.m. . . . → Read More: Realtor Has Good Success Using Stop Foreclosure Institute Short Sale Negotiation Strategy

How To Escalate The File On A Northeast OH Short Sale

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