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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?

A Common Misconception: Buyers Don’t Like Northeast OH Short Sales

Northeast OH – A lot of agents think buyers don’t like short sales. This is not true. In fact, many buyers prefer foreclosures and short sales over normal homes on the market.

They know that they are more likely to buy a home at a fair price when they buy a short sale.

Click . . . → Read More: A Common Misconception: Buyers Don’t Like Northeast OH Short Sales

A Common Northeast OH Short Sale Negotiation Mistake: Not Learning The Buyer’s Motivation

Northeast OH – Despite what you have been told price isn’t the only reason people buy. Maybe they really like a certain feature in your home.

They might be willing to pay more because of that feature. Sometimes they might even absolutely love that feature.

They have been home hunting for a while and . . . → Read More: A Common Northeast OH Short Sale Negotiation Mistake: Not Learning The Buyer’s Motivation

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

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

A Common Northeast OH Short Sale Negotiation Mistake: Not Learning The Buyer’s Motivation

Northeast OH – Despite what you have been told price isn’t the only reason people buy. Maybe they really like a certain feature in your home.

They might be willing to pay more because of that feature. Sometimes they might even absolutely love that feature.

They have been home hunting for a while and . . . → Read More: A Common Northeast OH Short Sale Negotiation Mistake: Not Learning The Buyer’s Motivation