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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

Why A Northeast OH Short Sale Saves Your Lender Money

Northeast OH – We throw around the statistic that a short sale reduces a lender’s losses by 20% compared to a foreclosure.

However, I am sure that there are many people who find that hard to believe. So today I am going to give you a breakdown of exactly why it happens.

Click here . . . → Read More: Why A Northeast OH Short Sale Saves Your Lender Money

Northeast OH Short Sales: Why do some buyer’s offers get accepted while others are declined?

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

“I am looking to buy a short sale. The seller wouldn’t accept my offer. My agent told me it was because the short sale lender has told them they wouldn’t accept the offer.

I am a cash . . . → Read More: Northeast OH Short Sales: Why do some buyer’s offers get accepted while others are declined?

Common Northeast OH Short Sale Myth: Short Sales Are Difficult And Banks Never Approve Them

Northeast OH – The Stop Foreclosure Institute recently talked to a homeowner whose home had been sold on the courthouse steps.

We asked if she had considered selling the home as a short sale. “I did, but I heard that short sales are difficult and not worth trying. My friend told me that the . . . → Read More: Common Northeast OH Short Sale Myth: Short Sales Are Difficult And Banks Never Approve Them

Northeast OH Short Sale: Are The Banks Lying To Uncle Sam

Northeast OH – The Stop Foreclosure Institute recently received an e-mail from another real estate agent. They were asking for our advice on a short sale.

They accused a large, national lender (one of the 4 largest in America) of lying to Fannie Mae. Fannie Mae is almost a subsidiary of the Federal Government.

. . . → Read More: Northeast OH Short Sale: Are The Banks Lying To Uncle Sam