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Another Common Northeast OH Short Sale Myth: Short Sales Are Very Difficult And Not Worth The Aggravation

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

A Common Northeast OH Short Sale Myth: You Must Have Defaulted On Your Loan Before Your Lender Will Talk About A Short Sale

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

The Biggest Mistake Buyers Make When Buying A Short Sale

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

Step Three to Get A Northeast OH Short Sale Approved In 90 Days Or Less

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

ANortheast OH Short Sales: Why Do So Many Loan Modifications Fail?

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?

Northeast OH Short Sales: How Does A Deed In Lieu Affect My Credit?

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

“I am behind on my payments and my bank recently started the foreclosure process. I received something in the mail about a “deed in lieu of foreclosure.” What is that and how does it affect my credit? . . . → Read More: Northeast OH Short Sales: How Does A Deed In Lieu Affect My Credit?

Northeast OH Short Sales: Will Banks Issue an Extension on a Short Sale Approval Letter?

Northeast OH – Under normal circumstances, banks are not required to extend the closing of a short sale. The last thing a buyer would want to hear is that their mortgage lender can’t perform especially after waiting for a number of months to buy a home.

Click here to discover how other sellers successfully . . . → Read More: Northeast OH Short Sales: Will Banks Issue an Extension on a Short Sale Approval Letter?

Northeast OH Short Sale Question: Do Lenders Always Agree To Loan Modification Requests?

Northeast OH – Unfortunately, lenders do not always agree to loan modifications. That’s why when you decide to explore this option you need to get all the information you can on the subject.

Lenders call the loan modification process “Loss Mitigation.” Loss mitigation is the act of lessening the lender’s losses whether they approve a . . . → Read More: Northeast OH Short Sale Question: Do Lenders Always Agree To Loan Modification Requests?

One Key To Getting A Northeast OH Short Sales Approved

Northeast OH – Working to convince a bank to approve a short sale is what I do every day. I work with lenders on a daily basis.

I understand the importance of starting the process in a way that is likely to succeed with the lender’s loss mitigation department.

Click here to discover how other . . . → Read More: One Key To Getting A Northeast OH Short Sales Approved

Does My Northeast OH Short Sale Have To Be Approved Before I Put It Up For Sale?

Northeast OH – We often get asked if a short sale is even worth the effort. “Do I need to have my short sale “Approved” by my lender before I put my home on the market?” one seller asked us.

“When I called my lender they wouldn’t talk to me about my short sale. I . . . → Read More: Does My Northeast OH Short Sale Have To Be Approved Before I Put It Up For Sale?