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A Common Northeast OH Short Sale Negotiation Mistake: Taking The Property Off The Marketing Before the Short Sale Is Completed

Northeast OH – Short sales can take a long time. The banks are difficult to deal with and many agents do not understand short sales and don’t know what they are doing.

Because of this, many buyers shy away from short sales. Or, if they do make an offer, then they still continue to . . . → Read More: A Common Northeast OH Short Sale Negotiation Mistake: Taking The Property Off The Marketing Before the Short Sale Is Completed

A Common Northeast OH Short Sale Case Mistake: Waiting To Long To Submit The Contract To The Short Sale Lender

Northeast OH – Short sales have a reputation for taking a long time. But, they can drag on even longer if the paperwork isn’t submitted to the lender in a timely manner.

When the Stop Foreclosure Institute first started doing short sales, we were hesitant to submit anything to the lender until we had . . . → Read More: A Common Northeast OH Short Sale Case Mistake: Waiting To Long To Submit The Contract To The Short Sale Lender

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

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

Northeast OH Short Sales: Why Is The Short Sale Taking So Long?

 

Northeast OH – The Stop Foreclosure Institute recently received a question from Cathy. Here was her question.

“I am trying to buy a house that is a short sale. It has been 4 months and we have heard nothing. The agent did mention that they are now on the 2nd negotiator and still . . . → Read More: Northeast OH Short Sales: Why Is The Short Sale Taking So Long?

Northeast Ohio Short Sales: The Homeownership Rate continues to drop

Northeast OH – Barron’s Magazine recently had an article titled “Renter Nation.” In it, they detailed the various factors at work that will reduce the homeownership rate in America.

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

The homeownership rate has already dropped from 69.2% to 66.9% . . . → Read More: Northeast Ohio Short Sales: The Homeownership Rate continues to drop

Northeast Ohio Short Sales: Don’t sweat it if the first buyer gets impatient and walks off

Northeast OH – Short Sales can be frustrating. It can take a long time for the lender to process everything and finally give the buyer an answer on their offer.

Oftentimes, by the time the lender makes a decision, the buyer has gotten impatient and moved on to another property.

Most lender short . . . → Read More: Northeast Ohio Short Sales: Don’t sweat it if the first buyer gets impatient and walks off

North Eastern Ohio Luxury Home Short Sale Takes a Long Time To Sell?

One thing I love about luxury home short sales is that they typically sell quickly. However I consider my self a consultant who’s main job is not just to sell my clients home but to actually put my clients in a better situation. . . . → Read More: North Eastern Ohio Luxury Home Short Sale Takes a Long Time To Sell?