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Northeast OH Short Sales: Is It Ethical For Lenders To Make Millions At Your Expense?

Northeast OH – Many lenders do not own the loans they handle. Instead, they are paid by the actual loan owner to collect payment.

In my opinion, the banks make millions by understaffing their foreclosure departments? Here’s a real life example. A bank forecloses on a house and waits for over a year to . . . → Read More: Northeast OH Short Sales: Is It Ethical For Lenders To Make Millions At Your Expense?

The Biggest Threat To A Successful Northeast OH Short Sale

Northeast OH – The biggest threat to your short sale is a high appraisal. Banks consider short sales for economic reasons.

A bank will approve a short sale only if they think they will net more money taking the short sale offer. To make sure they aren’t selling the house for too little, they . . . → Read More: The Biggest Threat To A Successful Northeast OH Short Sale

Northeast OH Short Sales: Forensic Audits Exposed

Northeast OH – If you are thinking of short selling your house, then you have probably about forensic loan audits. Some claim they are wonderful. “Your lender will approve your short sale right away”, one so called expert claimed.

“Your lender is more likely to give you a loan modification after you discover . . . → Read More: Northeast OH Short Sales: Forensic Audits Exposed

A Common Northeast OH Short Sale Myth: Short Sales Are Adversarial

Northeast OH – Many people mistakenly think that a short sale is adversarial. “I will fight that banker and convince them to let me short sale and walk away from the upside down debt”, they think to themselves.

That is not how short sales actually work. Most negotiations are not adversarial. In fact, most . . . → Read More: A Common Northeast OH Short Sale Myth: Short Sales Are Adversarial

Northeast OH Short Sale Myth: I will have a deficiency no matter what happens

Northeast OH – Some homeowners looking to short sell their home think that they will have to repay their lender for the entire loss. It’s unfortunate to see them stress out and lose sleep at night wondering how they will repay the debt.

A short sale loss is usually a large bill for the . . . → Read More: Northeast OH Short Sale Myth: I will have a deficiency no matter what happens

Agents Claim the Northeast OH Short Sale Process Is Flawed. But, How Do We Fix It?

Northeast OH – Many agents have been complaining that the short sale process is flawed. A recent survey of realtors showed that over half of them thought the short sale process was difficult.

Some of the agents complained that they are “struggling with a broken short sale process.” But, why is the short sale . . . → Read More: Agents Claim the Northeast OH Short Sale Process Is Flawed. But, How Do We Fix It?

Northeast OH Short Sale Myth: I will have a deficiency no matter what happens

Northeast OH – Some homeowners looking to short sell their home think that they will have to repay their lender for the entire loss. It’s unfortunate to see them stress out and lose sleep at night wondering how they will repay the debt.

A short sale loss is usually a large bill for the . . . → Read More: Northeast OH Short Sale Myth: I will have a deficiency no matter what happens

Why Northeast OH Short Sales with 3 or more mortgages are difficult

Northeast OH – Are you looking to buy a short sale? Before you make an offer, you need to check and see how many mortgages are on the home.

A short sale with only one mortgage is not that difficult. Even an inexperienced agent can often get these approved and sold.

Get . . . → Read More: Why Northeast OH Short Sales with 3 or more mortgages are difficult

Questions Buyers Should Ask The Agent Listing A Northeast OH Short Sale

Northeast OH – Are you looking to buy a short sale? Before you make an offer, you need to check and see how competent the listing agent is at short sales.

The listing agent is the agent with the property for sale. They will usually be in charge of processing the short sale with . . . → Read More: Questions Buyers Should Ask The Agent Listing A Northeast OH Short Sale

Northeast OH Short Sale: Are Fannie Mae Short Sales Tough?

Northeast OH – Another agent recently e-mailed the Stop Foreclosure Insitute. They were having a hard time with a short sale on a Fannie Mae Loan.

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

Here is an excerpt from the agent’s e-mail.

“I spoke with Josh @ Fannie Mae. . . . → Read More: Northeast OH Short Sale: Are Fannie Mae Short Sales Tough?