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USA Short Sales: Why Do Bank Negotiators Break The Rules?

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?

A Fourth Common Northeast Short Sale Myth: There Can Be No Liens On The Property

Northeast OH – This is the fourth inaccuracy I have seen in an article about short sales. I was this article online and noted 7-8 big inaccuracies.

You can’t get solid and accurate information on short sales unless you talk to an agent that has sold a few short sales.

Click here to discover . . . → Read More: A Fourth Common Northeast Short Sale Myth: There Can Be No Liens On The Property

Why Do Northeast OH Short Sales Negotiators Break The Rules?

Northeast OH – An agent with the Stop Foreclosure Institute recently had a short sale negotiator lie to them. We have spent the last 6 months figuring out all the rules for short sales on different loan types.

The rules are different for an FHA Short Sale, a VA Short Sale, and a Fannie . . . → Read More: Why Do Northeast OH Short Sales Negotiators Break The Rules?

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?

Northeast OH Short Sale Myth: If I Sell For More, Then I Won’t Have A Deficiency

Northeast OH – Some sellers think that if they sell their house for more money, then they are less likely to have a deficiency. Let me explain why that is not true.

Get my Free, Step By Step Loan Modification Guide by clicking here.

Another realtor recently told us about a short sale they . . . → Read More: Northeast OH Short Sale Myth: If I Sell For More, Then I Won’t Have A Deficiency

Fixing Credit After A Northeast OH Short Sale Step 6: Why It’s So Important To Document Everything

Northeast OH – I mentioned in the last note that you’ll need to keep a file of records about your credit restoration process. This is an important part of the process, and deserves a bit more than a brief mention.

Get my Free, Step By Step Loan Modification Guide by clicking here.

The credit . . . → Read More: Fixing Credit After A Northeast OH Short Sale Step 6: Why It’s So Important To Document Everything

Northeast Ohio Short Sale Myth: If I Sell For More, Then I Won’t Have A Deficiency

Northeast OH – Some sellers think that if they sell their house for more money, then they are less likely to have a deficiency. Let me explain why that is not true.

Get my Free, Step By Step Loan Modification Guide by clicking here.

Another realtor recently told us about a short sale . . . → Read More: Northeast Ohio Short Sale Myth: If I Sell For More, Then I Won’t Have A Deficiency

Northeast Ohio Short Sales: A Little Known Fact About Short Sale Negotiators

Northeast OH – A negotiator at a large bank tried to mislead a Stop Foreclosure Institute Member. She really got on our nerves.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

You see, we’ve spent the last few years figuring out all the guidelines for short sales. . . . → Read More: Northeast Ohio Short Sales: A Little Known Fact About Short Sale Negotiators

Wells Fargo short sale closed in Moreland Hills

This ends up being a huge service to this Moreland Hills Ohio short sale seller because he had significant retirement assets. The bank knew about this but we were still able to negotiate terms on the short sale letter completely releasing the seller from any future liability from the short sale deficiency. When you need to short sale your home make sure you work with an expert. It could mean huge money to you . . . → Read More: Another short sale closed in Moreland Hills

Last second nail biter gives way to tax credit extension

This is a tremendous relief for many home buyers who got their offer in by the April 30th deadline but then were delayed in closing by circumstances out of their control. . . . → Read More: Home buyer tax credit extended for real this time!