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By CarlOrbase, on May 21st, 2012%
Northeast OH – Many people are concerned about a deficiency after a short sale. They are afraid that their bank may garnish all of their wages.
It’s scary to think that at any moment your bank could grab every dime you make and leave you broke. Most people short sell their house because of . . . → Read More: Will I Have My Wages Garnished After A Northeast OH Short Sale?
By CarlOrbase, on May 21st, 2012%
Northeast OH – I recently heard another so-called short sale expert say that the Federal Mortgage Forgiveness Debt Relief Act made it so that everyone gets to short sale with no deficiency
The unfortunate news is that this is not true. In some state, state law forbids the lenders from attempting to collect from . . . → Read More: Northeast OH Short Sale Myth: The Mortgage Forgiveness Law Means That Everyone Gets To Short Sale With No Deficiency
By CarlOrbase, on May 15th, 2012%
Northeast OH – We had a negotiator at Bank of America try to push us around a little while ago. We’ve studied and analyzed all of the short sale guidelines and rules.
This was an FHA loan and therefore would be governed by FHA’s Short Sale Guidelines. This means that the lender must follow . . . → Read More: Northeast OH Short Sales: Why Do Bank Negotiators Break The Rules?
By CarlOrbase, on May 15th, 2012%
Northeast OH – Many lenders ask for a promissory note on short sales. This is especially true if the lender has Private Mortgage Insurance (also called PMI) that has to approve the short sale.
The PMI companies know that homeowners will do anything to protect their credit when they are short selling their home.
. . . → Read More: Don’t Accept A Promissory Note When You Short Sale Your Northeast OH Home
By CarlOrbase, on April 18th, 2012%
Northeast OH – Many homeowners considering a short sale are concerned about a deficiency. “Will I be forced to repay my bank for the $150,000 they lost”, they ask me.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
The good news is that most homeowners are able . . . → Read More: It Isn’t Likely Your Lender Will Collect Any More Money From You After A Northeast OH Short Sale
By CarlOrbase, on April 3rd, 2012%
Northeast OH – It is frustrating to see how many myths are shoved on the public by so called “short sale experts.” These people rarely have any short sale experience.
If they do have any experience, it was that short sales are so difficult. But, that is like someone who has never driven a . . . → Read More: Another Common Northeast OH Short Sale Myth: Short Sales Are Very Difficult And Not Worth The Aggravation
By CarlOrbase, on April 2nd, 2012%
Northeast OH – The Stop Foreclosure Institute recently received a question from Nathan. Here was his question.
“I’ll stop making the payments on my condo. That way we can start on the short sale process with my lender. How far behind do I have to be before they will start negotiations.
Click here to . . . → Read More: A Common Northeast OH Short Sale Myth: You Must Have Defaulted On Your Loan Before Your Lender Will Talk About A Short Sale
By CarlOrbase, on March 26th, 2012%
Northeast OH – We get all sorts of questions from buyers trying to purchase short sales. “We made an offer on a short sale almost 2 months ago. We haven’t heard anything back from the bank. Why won’t they approve my offer?”, they ask us.
Click here to discover how other sellers successfully did . . . → Read More: The Biggest Mistake Buyers Make When Buying A Short Sale
By CarlOrbase, on March 20th, 2012%
Northeast OH – We are explaining the steps to approving a short sale in 90 days or less. Today, we’re going to explain Step 3: Find out the BPO value.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
This seems fairly simple. But, most agents never find . . . → Read More: Step Three to Get A Northeast OH Short Sale Approved In 90 Days Or Less
By CarlOrbase, on March 12th, 2012%
Northeast OH – Everyone who has every tried to negotiate a loan modification with their lender has been frustrated with the process.
We hear the following comments from frustrated homeowners all the time. “Why won’t they work with me?” I want to keep my home and pay them a reasonable payment. My home . . . → Read More: Northeast OH Short Sales: Why Do So Many Loan Modifications Fail?
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It Isn't Likely Your Lender Will Collect Any More Money From You After A Northeast OH Short Sale
Northeast OH – Many homeowners considering a short sale are concerned about a deficiency. “Will I be forced to repay my bank for the $150,000 they lost”, they ask me.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
The good news is that most homeowners are able . . . → Read More: It Isn’t Likely Your Lender Will Collect Any More Money From You After A Northeast OH Short Sale