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Who Benefits From A Northeast OH Short Sale?

Northeast OH – Even though lenders pretend to hate short sales, they actually benefit from short sales. Let me explain why.

A lender gets to sell the house at today’s price, versus what it will be worth 6-12 months down the road. We just did a comparison and pulled up sold listings.

All of . . . → Read More: Who Benefits From A Northeast OH Short Sale?

Northeast OH Short Sales: Are Banks Playing Games With Their Financials?

Northeast OH – Some experts speculate that banks don’t like to approve short sales or loan modifications. Here is why they think that.

They think that lenders are reluctant to speed up short sales or loan mods because they want to hold off the day of reckoning. Let me explain.

Click here to discover . . . → Read More: Northeast OH Short Sales: Are Banks Playing Games With Their Financials?

Northeast OH Short Sales: You Must Know When Short Selling Your Property

Northeast OH – We received some interesting and shocking news from another agent. They told us that lenders are are approving short sale and stating that they will allow the seller to walk away owing nothing.

However, after the short sale is complete, then they are resuming collection tactics to repay them on the . . . → Read More: Northeast OH Short Sales: You Must Know When Short Selling Your Property

Northeast OH Short Sale Question: Can My Lender Force Me To Repay Them?

Northeast OH – A lot of homeowners want to short sale and walk away from the upside down debt. They don’t feel that it is their fault the housing market crashed.

We get the following questions a lot.

“If I short sale, then how likely is it that my lender will sue me to . . . → Read More: Northeast OH Short Sale Question: Can My Lender Force Me To Repay Them?

A Common Northeast OH Short Sale Myth: The Short Sale File Has To Be Perfect Before You Can Submit It To The Lender

Northeast OH – Many agents think that a short sale lender will not look at a file until the short sale file is perfect.

“I need your financial information, last 2 years of tax returns, last 2 pay stubs, last 2 month’s bank statements, and all the other short sale paperwork before I can . . . → Read More: A Common Northeast OH Short Sale Myth: The Short Sale File Has To Be Perfect Before You Can Submit It To The Lender

Northeast OH Short Sale Myth: There Are No Rules Or Guidelines For Short Sales

Northeast OH – I recently saw an article written by a prominent, so called short sale expert. In the article, this supposed expert says the only rules for short sales are HAFA, but even those rules are subject to interpretation.

That is like saying that there are no traffic laws. If that were the . . . → Read More: Northeast OH Short Sale Myth: There Are No Rules Or Guidelines For Short Sales

How do I find a Northeast OH Realtor that specializes in short sales?

Northeast OH – Are you looking for a Gainesville Realtor that specializes in short sales. It is important that you pick the right agent. Many agents turn down short sale listings because they are unfamiliar with the process. These transactions are much more difficult and complicated than your average real estate transaction.

Click here . . . → Read More: How do I find a Northeast OH Realtor that specializes in short sales?

Why Do Lenders Always Lose Your Paperwork On A Northeast OH Short Sale?

Northeast OH – If you have negotiated a short sale or loan modification, then you have probably heard the lost paperwork excuse. “Oh, we lose your paperwork. Please refax it to this number”, then lender’s representative tells you.

I have heard this excuse countless times. No one can lose paperwork that much. I am . . . → Read More: Why Do Lenders Always Lose Your Paperwork On A Northeast OH Short Sale?

Northeast OH Short Sale Myth: Anyone Can Negotiate With The Lender

Northeast OH – Yes, many people think they can negotiate with the lender. But, some of them don’t have the skills necessary to be successful.

Here are a few of the things someone needs before they can negotiate a short sale.

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Northeast OH Short Sale Myth: Anyone Can Negotiate With The Lender

Northeast OH Short Sales: More Reasons Why Short Sales Fail

Northeast OH – We recently gave a couple of common reasons that short sales fail. Today, we will go thru a few more reasons.

(To recap, here were the reasons we put in our previous blog post. Reason #1: The sales price is lower than the lender wants. The lender thinks the home is . . . → Read More: Northeast OH Short Sales: More Reasons Why Short Sales Fail