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Northeast OH Short Sale Question: Do Lenders Always Agree To Loan Modification Requests?

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?

Northeast OH Short Sale Myth: Banks Aren't Approving Short Sales Because They Don't Want To Take Big Losses

Northeast OH – This is another short sale myth we’ve seen tossed around. Some people in the media even suggested that banks were delaying foreclosures to delay losses being recorded on their books.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here is what I think is . . . → Read More: Northeast OH Short Sale Myth: Banks Aren’t Approving Short Sales Because They Don’t Want To Take Big Losses

Northeast OH Short Sales: How To Hold Your Bank Accountable

Northeast OH – In our last post, we ranted about how the bankers do a lousy, incompetent job on short sale and loan modification negotiations.

Here is how you can avoid suffering under their incompetence. The key is to hold your bank accountable. Here’s how to do that.

Click here to discover how other . . . → Read More: Northeast OH Short Sales: How To Hold Your Bank Accountable

How I Make The Northeast OH Short Sale Process Faster and Easier

Northeast OH – Here is a problem: Buyers don’t like short sales because of the uncertainty and the wait. How do we solve this problem?

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

During the short sale process, if the BPO gets completed and the bank won’t . . . → Read More: How I Make The Northeast OH Short Sale Process Faster and Easier

Why Is My Bank Willing To Pay You To Short Sale My Northeast OH Home?

Northeast OH – The Stop Foreclosure Institute recently received a question from Samir. Here was his question.

“I am thinking about short selling my house. I’m just wondering how I can get someone to help me. I know that your website says that a short sale costs me nothing.

I just have a hard . . . → Read More: Why Is My Bank Willing To Pay You To Short Sale My Northeast OH Home?

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: What makes a good short sale realtor?

Northeast OH – A good short sale realtor will mean the difference between success and failure on your short sale.

Here are the qualities that make a good, effective short sale realtor.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Persistence. Short sales are frustrating. Many . . . → Read More: Northeast OH Short Sales: What makes a good short sale realtor?

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

Common Northeast OH Short Sale Myth: Selling My House As A Short Sale Is An Embarrassment

Northeast OH – You might think it is an embarrassment to sell your home as a short sale. “My friends will laugh at me when they realize that I owe more on my house than it is worth”, some people think.

The reality is that many Americans are in your same position. In fact, . . . → Read More: Common Northeast OH Short Sale Myth: Selling My House As A Short Sale Is An Embarrassment

The Final Numbers On How A Northeast OH Short Sale Reduces Losses

Northeast OH – On our last blog post, we ran some numbers on why a short sale reduces a lender’s losses by 20% compared to a foreclosure.

Today I am going to add all the numbers together. That way we can see exactly how much this lender lost by not accepting the short sale.

. . . → Read More: The Final Numbers On How A Northeast OH Short Sale Reduces Losses