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Northeast OH Short Sales: How To Keep Your Home With A Forbearance Agreement

Northeast OH – With a forbearance agreement, your bank agrees to hold back on its legal right to exercise foreclosure on you. They do this by coming up with a plan to bring you current on your mortgage payments after giving you some kind of a breather period.

Click here to discover how other sellers . . . → Read More: Northeast OH Short Sales: How To Keep Your Home With A Forbearance Agreement

Why A Northeast OH Short Sale Is A Win-Win For Everyone

Northeast OH – While doing a real estate transaction, not all parties with a financial interest can be winners. However, a successful short sale is one of those rare cases where everyone leaves a winner.

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

The Seller wins by avoiding . . . → Read More: Why A Northeast OH Short Sale Is A Win-Win For Everyone

Northeast OH Short Sale Myth: Banks Aren't Approving Short Sales Because They Don't Want To Take Big Losses

Northeast OH – This is another short sale myth we’ve seen tossed around. Some people in the media even suggested that banks were delaying foreclosures to delay losses being recorded on their books.

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

Here is what I think is . . . → Read More: Northeast OH Short Sale Myth: Banks Aren’t Approving Short Sales Because They Don’t Want To Take Big Losses

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

What You Should Know Before Buying A Northeast OH Short Sale

Northeast OH – If you are considering buying a short sale, then you should know what you are getting involved with. 

First off congratulations! Buying a short sale is a great decision. Most short sales usually sell for 3-5% less than other comparable homes.

Click here to discover how other sellers successfully did a . . . → Read More: What You Should Know Before Buying A Northeast OH Short Sale

Why Northeast OH Short Sales with 3 or more mortgages are difficult

Northeast OH – Are you looking to buy a short sale? Before you make an offer, you need to check and see how many mortgages are on the home.

A short sale with only one mortgage is not that difficult. Even an inexperienced agent can often get these approved and sold.

Get . . . → Read More: Why Northeast OH Short Sales with 3 or more mortgages are difficult

Questions Buyers Should Ask The Agent Listing A Northeast OH Short Sale

Northeast OH – Are you looking to buy a short sale? Before you make an offer, you need to check and see how competent the listing agent is at short sales.

The listing agent is the agent with the property for sale. They will usually be in charge of processing the short sale with . . . → Read More: Questions Buyers Should Ask The Agent Listing A Northeast OH Short Sale

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: My Lender Is Charging The Buyer A Fee To Buy My House

Northeast OH – The Stop Foreclosure Institute recently received a question from Brandon. Brandon is selling his house and something very interesting happened.

Brandon’s Question: “My loan is with American Home Mortgage (AHMSI for short.) They are charging a 1% short sale processing fee to the buyer. Is that legal? The buyer is upset. . . . → Read More: Northeast OH Short Sale: My Lender Is Charging The Buyer A Fee To Buy My House

Northeast OH Short Sale Q & A: Can This Seller Short Sale?

 

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

“I recently purchased another home and make a good living. However, I can’t afford to pay both mortgages.

(The house won’t rent for half of the current payment.) An agent told me that the house is . . . → Read More: Northeast OH Short Sale Q & A: Can This Seller Short Sale?