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When A Bank Should Approve A Northeast OH Short Sale Offer

Northeast OH – A bank should approve a short sale when it makes the best financial sense to do so. Here is a little known fact. About 80% of all loans are not owned by the bank handling them.

That means that someone else is going to lose money if your bank rejects the . . . → Read More: When A Bank Should Approve A Northeast OH Short Sale Offer

When A Bank Should Approve A Northeast OH Short Sale

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

A bank should accept your short sale when the following rules apply. All banks and servicers have a fiduciary duty to the investor of the loan.

If they own the loan themselves, they have a fiduciary duty to . . . → Read More: When A Bank Should Approve A Northeast OH Short Sale

When A Bank Should Accept A Buyer's Offer To Buy A Northeast OH Short Sale

Northeast OH – A bank should accept your short sale when the following rules apply. All banks and servicers have a fiduciary duty to the investor of the loan.

If they own the loan themselves, they have a fiduciary duty to their stockholders. The duty is to get that investor the most money possible.

. . . → Read More: When A Bank Should Accept A Buyer’s Offer To Buy A Northeast OH Short Sale

Northeast OH Short Sale Question: What Do I Owe You If The Short Sales Isn't Successful?

Northeast OH – The Stop Foreclosure Institute recently received this question from Tamra. Here is Tamra’s Question.

“I would like to hire you to help me short sale my house. However, I am concerned that if the short sale doesn’t go thru, then I will still owe you money. My friend told me to . . . → Read More: Northeast OH Short Sale Question: What Do I Owe You If The Short Sales Isn’t Successful?