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By CarlOrbase, on March 12th, 2012%
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?
By CarlOrbase, on February 13th, 2012%
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?
By CarlOrbase, on January 23rd, 2012%
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?
By CarlOrbase, on January 19th, 2012%
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
By CarlOrbase, on January 17th, 2012%
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?
By CarlOrbase, on January 16th, 2012%
Northeast OH – Some people think that short sales represent a bargain in the real estate world. Some people have said that banks sell short sales for below market value because they want to avoid foreclosure.
That isn’t true. Yes, banks do prefer to sell a property in foreclosure as a short sale. They know . . . → Read More: Can your Northeast OH Short Sale Realtor beat the 80% short sale failure rate?
By CarlOrbase, on January 16th, 2012%
Northeast OH – We have seen many instances where a short sale that should have been approved was denied. If your short sale realtor doesn’t know what they are doing, then you might get stuck with a promissory note that you don’t deserve.
Click here to discover how other sellers successfully did a short sale . . . → Read More: Northeast OH Short Sale Help: Another short sale almost killed by lender incompetence
By CarlOrbase, on January 16th, 2012%
Northeast OH – The right agent can make the difference between success and failure on your short sale. You risk losing a lot when your agent doesn’t understand short sales. The short sale can be denied and the home foreclosed. Then you have to wait five years to buy another house. Or, the lender may . . . → Read More: Northeast OH Short Sales: Questions to ask before hiring a short sale agent
By CarlOrbase, on January 12th, 2012%
Northeast OH – Short Sales are a situation that can often cause emotional turmoil as well as financial. It’s amazing how quick people are to judge others but times may be changing when it comes to today’s financial situations. We’re all feeling tough times. We all have seen local businesses close, people we know . . . → Read More: Northeast OH Short Sales: Should I Be Embarrassed by Doing a Short Sale
By CarlOrbase, on January 12th, 2012%
Northeast OH – The Stop Foreclosure Institute recently received a question from James. Here is his question.
“I am upside down by $300,000 on my home. I want to move, but I am concerned about having that $300,000 debt chasing me for the rest of my life. A friend mentioned I could get it . . . → Read More: Northeast OH Short Sale Question: Should I Short Sale Or Declare Bankruptcy?
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