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Can your Northeast OH Short Sale Realtor beat the 80% short sale failure rate?

Northeast OH – Some people think that short sales represent a bargain in the real estate world. Some people have said that banks sell short sales for below market value because they want to avoid foreclosure.

That isn’t true. Yes, banks do prefer to sell a property in foreclosure as a short sale. They know . . . → Read More: Can your Northeast OH Short Sale Realtor beat the 80% short sale failure rate?

A Common Short Sale Mistake Being Made On Northeast OH Short Sales

Northeast OH – I see a lot of agents making mistakes on short sales property valuation. Lenders hire a supposedly impartial third party to value the property.

Many of these people are evaluating 10 properties a day. There is very little quality control and usually no one checks their work.

Discover how other . . . → Read More: A Common Short Sale Mistake Being Made On Northeast OH Short Sales

Northeast Ohio Short Sales: If You Bought At The Market’s Peak, Does It Make Sense To Short Sale Your Home?

Northeast OH – Many homeowners bought their home at the peak of the market. In the hardest hit areas, they paid $500,000 for homes that are not selling for $250,000 (or even less.)

Their home is costing them $4,000 a month. (That is the total after paying property taxes and insurance.) Renters have . . . → Read More: Northeast Ohio Short Sales: If You Bought At The Market’s Peak, Does It Make Sense To Short Sale Your Home?

Northeast Ohio Short Sales: What is a BPO?

Northeast OH – If you have been reading about short sales, then you have probably heard the term “BPO” and wondered what it meant.

BPO stands for Broker’s Price Opinion. A Broker’s Price Opinion is when a licensed real estate agent gives their opinion of the value of a property.

That value is what . . . → Read More: Northeast Ohio Short Sales: What is a BPO?

Northeast Ohio Short Sales: What happens to the neighborhood?

Northeast OH – The Stop Foreclosure Institute recently received a question from Werner. “I am behind on my payments and thinking of just letting my home go into foreclosure. What does that do to the neighborhood?” he asked.

Here is our answer to his question. It does hurt the neighborhood. But, it also hurts . . . → Read More: Northeast Ohio Short Sales: What happens to the neighborhood?

How to Avoid Short Sale Fraud

How do you know you can trust the person helping you out? The best thing you can do is work with a state licensed agent or broker like me who specializes in the short sale. Call me at 216-324-6637.

In the short sale news radar a bunch of articles have popped up . . . → Read More: How to Avoid Short Sale Fraud