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Northeast OH Short Sales: The Basics Behind a Hardship Letter

Northeast OH– When I interview sellers who want to short sale in my area, I ask them to describe their hardship.

Agents who do a lot of short sales can sometimes become a little insensitive because we are focused on the statistics. For instance, when a seller says she is getting divorced, it’s possible . . . → Read More: Northeast OH Short Sales: The Basics Behind a Hardship Letter

How To Convince A Lender To Approve A Northeast OH Short Sale

Northeast OH – Patience, persistence, and a lot of experience is required to convince a lender to approve a short sale. It is a process with many steps.

Do “NOT” allow a buyer to work directly with your lender!

Don’t let the buyer speak for you. You will be required to provide so much financial . . . → Read More: How To Convince A Lender To Approve A Northeast OH Short Sale

Can your Northeast OH Short Sale Realtor beat the 80% short sale failure rate?

Northeast OH – Some people think that short sales represent a bargain in the real estate world. Some people have said that banks sell short sales for below market value because they want to avoid foreclosure.

That isn’t true. Yes, banks do prefer to sell a property in foreclosure as a short sale. They know . . . → Read More: Can your Northeast OH Short Sale Realtor beat the 80% short sale failure rate?

Northeast OH Short Sales: Questions to ask before hiring a short sale agent

Northeast OH – The right agent can make the difference between success and failure on your short sale. You risk losing a lot when your agent doesn’t understand short sales. The short sale can be denied and the home foreclosed. Then you have to wait five years to buy another house. Or, the lender may . . . → Read More: Northeast OH Short Sales: Questions to ask before hiring a short sale agent

Northeast OH Short Sales: A technique to make short sales easier

Northeast OH – I read an interesting book. The author talked about persistence and how it helps you be successful. He told a story about phoning a call center.

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

The first person he talked to told him that he couldn’t . . . → Read More: Northeast OH Short Sales: A technique to make short sales easier

Northeast OH Short Sales: An Ounce Of Prevention Is Worth A Pound Of Cure

Northeast OH – The agent you hire to short sale your house should know how to “influence the BPO.”

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

The BPO is another agent’s opinion of the value of your home. The bank will willingly sell your home on . . . → Read More: Northeast OH Short Sales: An Ounce Of Prevention Is Worth A Pound Of Cure

Why Your Agent Should Check That Appraisals Are Accurate For Your Northeast OH Short Sale

Northeast OH – The biggest threat to your short sale is a high appraisal. Which is why your agent needs to make sure the appraisal is accurate.

There are a lot of opinions on how to ensure the appraisal is correct and accurate. You need to check and make sure your agent is willing . . . → Read More: Why Your Agent Should Check That Appraisals Are Accurate For Your Northeast OH Short Sale

Northeast OH Short Sale Question: Can My Lender Force Me To Repay Them?

Northeast OH – A lot of homeowners want to short sale and walk away from the upside down debt. They don’t feel that it is their fault the housing market crashed.

We get the following questions a lot.

“If I short sale, then how likely is it that my lender will sue me to . . . → Read More: Northeast OH Short Sale Question: Can My Lender Force Me To Repay Them?

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 Sales: Why Is This Lender Lying To This Homeowner?

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

“My lender ******** Bank verbally told me that my short sale was approved. However, now they are now telling me that Fannie Mae did not approve the sale.

They gave me an option to pay $3,000 upfront . . . → Read More: Northeast OH Short Sales: Why Is This Lender Lying To This Homeowner?