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A Common Northeast OH Short Sale Myth: The Short Sale File Has To Be Perfect Before You Can Submit It To The Lender

Northeast OH – Many agents think that a short sale lender will not look at a file until the short sale file is perfect.

“I need your financial information, last 2 years of tax returns, last 2 pay stubs, last 2 month’s bank statements, and all the other short sale paperwork before I can . . . → Read More: A Common Northeast OH Short Sale Myth: The Short Sale File Has To Be Perfect Before You Can Submit It To The Lender

Use the HAMP standard modification waterfall to reduce your payments with a loan modification in Cleveland Ohio.

That is a good summary of the standard modification waterfall. This is a series on the standard modification waterfall and you will soon see more posts giving you the details so that you can keep your lenders on task. This knowledge is vital in making sure your lender follows the guidelines in offering you a modification. More often than not your lender will get the waterfall wrong so as to turn you down and foreclose on you. . . . → Read More: Use the HAMP standard modification waterfall to reduce your payments with a loan modification in Cleveland Ohio.