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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?

Northeast OH Short Sales: Does Fannie Mae Pursue Deficiencies?

Northeast OH – The Stop Foreclosure Institute recently received a question from Steve. Here is his question.

“We are doing a short sale with one of the largest nationwide banks. I told them I wouldn’t do the short sale unless they specifically changed their short sale approval letter to completely release me from the . . . → Read More: Northeast OH Short Sales: Does Fannie Mae Pursue Deficiencies?

How Does the Realtor Get Paid On A Northeast OH Short Sale

 

Northeast OH – A potential home seller asked The Stop Foreclosure Institute how we get paid on a short sale transaction. So I decided to answer that question in today’s blog post.

Here is how most Realtors get paid on a short sale. They make a real estate commission from the sale . . . → Read More: How Does the Realtor Get Paid On A Northeast OH Short Sale

A Common Myth About Northeast OH Short Sales: Banks don't like short sales and prefer foreclosure

 

Northeast OH – One of the Stop Foreclosure Institute members talked to a homeowner recently about a short sales. Her house was close to being foreclosed upon.

She had thought about short selling the house. But, she had heard from her friends that banks don’t really like short sales and never pursued . . . → Read More: A Common Myth About Northeast OH Short Sales: Banks don’t like short sales and prefer foreclosure

Northeast OH Short Sales: The Wait To Buy Another Home After A Short Sale Was Recently Changed to 3 Years

Northeast OH – The Stop Foreclosure Institute recently received a question from Christina. Here is her question.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

“I just read your article Frequently Asked Questions about Short Sales. You mention that you can obtain another home loan two years . . . → Read More: Northeast OH Short Sales: The Wait To Buy Another Home After A Short Sale Was Recently Changed to 3 Years

Yes, a Northeast Ohio Short Sale May Actually Help Your Credit

Northeast Ohio – The Stop Foreclosure Institute recently received an e-mail from a recent short sale seller. We had helped him short sale his house.

Get my Free, Step By Step Loan Modification Guide by clicking here.

Here is his e-mail.

“Hi, I hope all is well. I am getting back to you . . . → Read More: Yes, a Northeast Ohio Short Sale May Actually Help Your Credit

Should I Continue Paying My Credit Cards During A Northeast Ohio Short Sale?

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

“I am selling my house as a short sale. I am behind on the mortgage payments. Do you think I should still pay my credit cards?” Paul.

Discover how other sellers successfully did a short sale to . . . → Read More: Should I Continue Paying My Credit Cards During A Northeast Ohio Short Sale?

Northeast Ohio Short Sales: Four Specific Examples of Big Bank Negligence

Northeast OH – Here are four specific examples of big bank’s negligence causing a loan owner to lose money.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Example #1: Not giving buyers an answer on a short sale within one week. Home buyers don’t like to wait . . . → Read More: Northeast Ohio Short Sales: Four Specific Examples of Big Bank Negligence

Northeast Ohio Short Sales: What is a HUD-1 and why does it matter on a short sale?

Northeast OH – Here is something that drives inexperienced short sale agents crazy. It is a HUD-1, also called a HUD. HUD is the Federal Agency, the Department of Housing & Urban Development, also called HUD.

A HUD-1 is a document regulated by HUD. It is the financial accounting for a real estate sale. . . . → Read More: Northeast Ohio Short Sales: What is a HUD-1 and why does it matter on a short sale?

Northeast Ohio Short Sales: What is a BPO and why does it matter on a short sale?

Northeast OH – Some agents hate short sales. Why? Because they don’t understand them. So, don’t believe them when they tell you that short sales are impossible.

I will explain what causes their problems in today’s post.

There are two things you must understand if you are doing short sales. They are BPOs . . . → Read More: Northeast Ohio Short Sales: What is a BPO and why does it matter on a short sale?