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One Lender That Is Fun To Work With On Northeast OH Short Sales

Northeast OH – We recently closed another short sale. This short sale lender was so much more fund to work with than most lenders. The loan was owned by Household Finance, which is a division of the international lender HSBC.

We were assigned a short sale negotiator about 30 days after we submitted the . . . → Read More: One Lender That Is Fun To Work With On Northeast OH Short Sales

Buying A Northeast OH Short Sales? Make Sure You Have This Person Helping You

Northeast OH – Thinking of buying a Northeast OH Short Sale? The short sale process is difficult to navigate. The first thing you should do it make sure that the agent who has the house for sale knows what they are doing.

Click here to discover how other sellers successfully did a short sale . . . → Read More: Buying A Northeast OH Short Sales? Make Sure You Have This Person Helping You

USA Short Sales: Why Do Bank Negotiators Break The Rules?

Northeast OH – We had a negotiator at Bank of America try to push us around a little while ago. We’ve studied and analyzed all of the short sale guidelines and rules.

This was an FHA loan and therefore would be governed by FHA’s Short Sale Guidelines. This means that the lender must follow . . . → Read More: Northeast OH Short Sales: Why Do Bank Negotiators Break The Rules?

Don’t Accept A Promissory Note When You Short Sale Your USA Home

Northeast OH – Many lenders ask for a promissory note on short sales. This is especially true if the lender has Private Mortgage Insurance (also called PMI) that has to approve the short sale.

The PMI companies know that homeowners will do anything to protect their credit when they are short selling their home.

. . . → Read More: Don’t Accept A Promissory Note When You Short Sale Your Northeast OH Home

Thinking About A Northeast OH Loan Modification? Run The Numbers First

Northeast OH – When you negotiate your loan mod you need to remember that the banks are professional negotiators. They know the tricks.

They know how to suck as much money out of you as is legally possible. Don’t kid yourself. They’re going to use every single tool in their tool chest to . . . → Read More: Thinking About A Northeast OH Loan Modification? Run The Numbers First

Northeast OH Short Sales: What To Do When A Short Sale Negotiator Gets An Attitude

Northeast OH – Most short sale negotiators are professional. They understand the seriousness of their jobs. They work hard to educate themselves on the industry and market trends.

They are friendly and fun to work with. This is one of the things I like about selling short sales for a living. The downside is . . . → Read More: Northeast OH Short Sales: What To Do When A Short Sale Negotiator Gets An Attitude

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

I Am Trying To Buy A Northeast OH Short Sale. Can I Push The Process To Go Faster?

Northeast OH – Buyers often ask us how they can make the short sale process go faster. It is a common complaint.

Here is an example of the emailed we often receive. “I am trying to buy a short sale. It has been 4 months and we have heard nothing except that we are . . . → Read More: I Am Trying To Buy A Northeast OH Short Sale. Can I Push The Process To Go Faster?

The Biggest Mistake Buyers Make When Buying A Short Sale

Northeast OH – We get all sorts of questions from buyers trying to purchase short sales. “We made an offer on a short sale almost 2 months ago. We haven’t heard anything back from the bank. Why won’t they approve my offer?”, they ask us.

Click here to discover how other sellers successfully did . . . → Read More: The Biggest Mistake Buyers Make When Buying A Short Sale

Step Four to Get A Northeast OH Short Sale Approved In 90 Days Or Less

Northeast OH – We are explaining the steps to approving a short sale in 90 days or less. Today, we’re going to explain Step 4: Use the BPO information and knowledge of the loan owner’s short sale guidelines to force the lender to approve the short sale.

Click here to discover how other sellers . . . → Read More: Step Four to Get A Northeast OH Short Sale Approved In 90 Days Or Less