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Northeast OH Short Sales: How Can I Get An Answer On My Offer?

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

“I made an offer to buy a short sale about 4 months ago. I have heard nothing except that they are going to re-submit the short sale paperwork to the lender.

I am very frustrated. Is there . . . → Read More: Northeast OH Short Sales: How Can I Get An Answer On My Offer?

It Isn't Likely Your Lender Will Collect Any More Money From You After A Northeast OH Short Sale

Northeast OH – Many homeowners considering a short sale are concerned about a deficiency. “Will I be forced to repay my bank for the $150,000 they lost”, they ask me.

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

The good news is that most homeowners are able . . . → Read More: It Isn’t Likely Your Lender Will Collect Any More Money From You After A Northeast OH Short Sale

Northeast OH Short Sales: How Does A Deed In Lieu Affect My Credit?

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

“I am behind on my payments and my bank recently started the foreclosure process. I received something in the mail about a “deed in lieu of foreclosure.” What is that and how does it affect my credit? . . . → Read More: Northeast OH Short Sales: How Does A Deed In Lieu Affect My Credit?

Northeast OH Short Sales: Why Persistence Is So Important In Success At Short Sales

Northeast OH – In a recent blog posts, I discussed how banks throw out a short sale file if it is rejected. When an offer comes in on a short sale, it takes 30-60 days for a person at the bank to look at the offer.

Click here to discover how other sellers successfully . . . → Read More: Northeast OH Short Sales: Why Persistence Is So Important In Success At Short Sales

Northeast OH Short Sales: Is Renting or Buying Back a Short Sale Mortgage Fraud?

Northeast OH – In many cases, short selling your home and then renting or buying it back is considered mortgage fraud. Because loan modifications are so difficult many homeowners are considering selling their home and then renting it from the new owner.

Many homeowners look at this as the best way to get their . . . → Read More: Northeast OH Short Sales: Is Renting or Buying Back a Short Sale Mortgage Fraud?

Another tip to improve the odds of your short sale offer being approve

Northeast OH – If you are selling your home, then ask the buyer to write a letter about why they want to purchase the home. If you are a buyer, then write that letter.

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

The listing agent will submit that . . . → Read More: Another tip to improve the odds of your short sale offer being approve

Northeast OH Short Sales: What makes a good short sale realtor?

Northeast OH – A good short sale realtor will mean the difference between success and failure on your short sale.

Here are the qualities that make a good, effective short sale realtor.

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

Persistence. Short sales are frustrating. Many . . . → Read More: Northeast OH Short Sales: What makes a good short sale realtor?

Northeast OH Short Sales: Does ABC Bank Really Care About Their Customers?

Northeast OH – Doesn’t it annoy you when you hear a large national bank’s hold music tell you that they care about their customers? 

Their hold music sings their praises: “We are (Insert your bank’s name) appreciate your business. We offer the best customer service in an effort to earn your business.”

If you . . . → Read More: Northeast OH Short Sales: Does ABC Bank Really Care About Their Customers?

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

A Common Northeast OH Short Sale Case Mistake: Waiting To Long To Submit The Contract To The Short Sale Lender

Northeast OH – Short sales have a reputation for taking a long time. But, they can drag on even longer if the paperwork isn’t submitted to the lender in a timely manner.

When the Stop Foreclosure Institute first started doing short sales, we were hesitant to submit anything to the lender until we had . . . → Read More: A Common Northeast OH Short Sale Case Mistake: Waiting To Long To Submit The Contract To The Short Sale Lender