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Another Reason You Must Hire An Experienced Northeast OH Short Sale Realtor

Northeast OH – The way that most lenders handle short sales is very weird. They have a strange policy of demanding that all home buyers close on their home purchase within 30 days of them approving the short sale.

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

. . . → Read More: Another Reason You Must Hire An Experienced Northeast OH Short Sale Realtor

Will My Lender Sue Me After A Northeast OH Short Sale?

Northeast OH – Many people are concerned about a potential lawsuit after a short sale.

Many people ask us, “My lender just lost $150,000. Aren’t thing going to be angry that they are losing that much money? Won’t they sue me?”

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Will My Lender Sue Me After A Northeast OH Short Sale?

Will I Have My Wages Garnished After A Northeast OH Short Sale?

Northeast OH – Many people are concerned about a deficiency after a short sale. They are afraid that their bank may garnish all of their wages.

It’s scary to think that at any moment your bank could grab every dime you make and leave you broke. Most people short sell their house because of . . . → Read More: Will I Have My Wages Garnished After A Northeast OH Short Sale?

An Eighth Common Northeast OH Short Sale Myth: I Can Erase Any Deficiency On My Upside Down Home By Simply Declaring Bankruptcy

Northeast OH – A lot of people incorrectly think that bankruptcy is a “Get Out Of Jail Free” card. Yes, bankruptcy does not help a lot of people get back on their feet.

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

However, it is not a “Get . . . → Read More: An Eighth Common Northeast OH Short Sale Myth: I Can Erase Any Deficiency On My Upside Down Home By Simply Declaring Bankruptcy

A Third Common Northeast OH Short Sale Myth: The Home Has To Be On The Market For 90 Days Before The Bank Will Consider A Short Sale

Northeast OH – I am frustrated that people can be perpetuating these kinds of myths online. These experts on financial websites have never sold a short sale.

Some of them are not even licensed realtors. I recently saw an article on a well known financial website. The article falsely claimed that ” A home . . . → Read More: A Third Common Northeast OH Short Sale Myth: The Home Has To Be On The Market For 90 Days Before The Bank Will Consider A Short Sale

Northeast OH Short Sales: How Does A Deed In Lieu Affect My Credit?

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

“I am behind on my payments and my bank recently started the foreclosure process. I received something in the mail about a “deed in lieu of foreclosure.” What is that and how does it affect my credit? . . . → Read More: Northeast OH Short Sales: How Does A Deed In Lieu Affect My Credit?

Northeast OH Short Sales: Even With The Tight Rental Market It Is Still Often Cheaper To Short Sale And Rent

Northeast OH – In most areas the rental market is very tight. Rental prices have been increasing because so many people are losing their home to foreclosure.

But, what is still surprising is that in most cases it is still cheaper to rent than own an upside down home. See, home prices have dropped . . . → Read More: Northeast OH Short Sales: Even With The Tight Rental Market It Is Still Often Cheaper To Short Sale And Rent

Northeast OH Short Sales: Don't Be Afraid To Tell The Truth In Your Hardship Letter

Northeast OH – It is not a lot of fun to write a hardship letter. In fact, it can be depressing. Many people may not know how bad their lives have become until they reach a point of writing a hardship letter.

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Northeast OH Short Sales: Don’t Be Afraid To Tell The Truth In Your Hardship Letter

Northeast OH Short Sales: Should you be embarrassed to short sale?

Northeast OH – Many people are embarrassed that they are short selling their house. They feel like they are somehow being dishonest or shady. Neither one of those is true. A lot of the people short selling today never had a blemish in their credit. They lived perfect, responsible financial lives. Then the real estate . . . → Read More: Northeast OH Short Sales: Should you be embarrassed to short sale?

Northeast OH Short Sale Myth: Anyone Can Negotiate With The Lender

Northeast OH – Yes, many people think they can negotiate with the lender. But, some of them don’t have the skills necessary to be successful.

Here are a few of the things someone needs before they can negotiate a short sale.

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Northeast OH Short Sale Myth: Anyone Can Negotiate With The Lender