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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?

A Common Northeast OH Short Sales: The Most Common Types Of Loan That Do Not Require A Deficiency

Northeast OH – OK, let’s talk about the most common types of loans that do not require a deficiency on a short sale. The first common loan type is a Fannie Mae or Freddie Mac loan.

I’ll call them Fannie & Freddie in this post. Freddie & Fannie are different quasi-governmental entities that own . . . → Read More: A Common Northeast OH Short Sales: The Most Common Types Of Loan That Do Not Require A Deficiency

Can An Inherited Property Be A Successful Northeast OH Short Sale?

Northeast OH – The Stop Foreclosure Institute recently received a question from Bernice. Here was her question.

“Can an investment property that was inherited be a successful short sale without the owner having to pay back the deficiency? I am curious to know the answer. Bernice.”

Click here to discover how other sellers successfully . . . → Read More: Can An Inherited Property Be A Successful Northeast OH Short Sale?

Should I Loan Mod or Short Sale My Northeast OH Investment Property

Northeast OH – The Stop Foreclosure Institute recently received a question from Kristine.

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

Here was Kristine’s Question. “I bought a condo in 2005 and have never been late on a payment. My husband and I have been renting out . . . → Read More: Should I Loan Mod or Short Sale My Northeast OH Investment Property

Northeast OH Short Sales: Why Is The Short Sale Taking So Long?

 

Northeast OH – The Stop Foreclosure Institute recently received a question from Cathy. Here was her question.

“I am trying to buy a house that is a short sale. It has been 4 months and we have heard nothing. The agent did mention that they are now on the 2nd negotiator and still . . . → Read More: Northeast OH Short Sales: Why Is The Short Sale Taking So Long?

Northeast OH Short Sales: How To Look At A Short Sale From The Lender’s Perspective

 

Northeast OH – The Stop Foreclosure Institute received a few responses from yesterday’s blog post. Most of the questions went something like this.

“I think a lender would be stupid to approve an investment property short sale for a wealthy person. If I was the lender I would sue them for the loss. . . . → Read More: Northeast OH Short Sales: How To Look At A Short Sale From The Lender’s Perspective

Northeast OH Short Sales: Can I Short Sale Investment Property Without A Deficiency?

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

“I am a California Resident but have 3 distressed Florida Properties pending foreclosure. Under Florida law a creditor cannot garnish wages. Will investor pursue deficiency? If yes, will they follow FL or CA law? Thanks, Phil.”

. . . → Read More: Northeast OH Short Sales: Can I Short Sale Investment Property Without A Deficiency?