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Northeast OH Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender

Northeast OH – Thinking about a loan modification. If you can afford to, then order an appraisal. Or, do your own appraisal.

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

Ask your realtor “Hey, what are houses in my area selling for?” I’ve seen people who bought . . . → Read More: Northeast OH Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender

Yes, I Do Think A Northeast OH Loan Modification Is The right Thing To Do

Northeast OH – I received a note the other day from Andrew. He was upset that I would tell people that are upside down on their house to ask for a principal reduction from their lender. Here was his email.

Click here to discover how other sellers successfully did a short sale and avoided . . . → Read More: Yes, I Do Think A Northeast OH Loan Modification Is The right Thing To Do

Another Example Of Just How Lousy A Northeast OH Loan Modification Is For You

Northeast OH – Are you pulling your hair out trying to convince your lender to reduce the amount you owe on your home?

People have a hard time grasping how difficult it is to get a loan modification that is fair. These banks just do everything they can to squeeze homeowners for as much . . . → Read More: Another Example Of Just How Lousy A Northeast OH Loan Modification Is For You

Why Northeast OH Loan Modifications Are Bad: Family Rents Bigger House For $550 Less Than Old Home

Northeast OH – It’s sad that the banks aren’t willing to give anyone a principal reduction. The banks reasoning is that if they start granting principal reductions, then every single upside down homeowner will want one.

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

As a result . . . → Read More: Why Northeast OH Loan Modifications Are Bad: Family Rents Bigger House For $550 Less Than Old Home

A Sixth Common Northeast OH Short Sale Myth: Banks Accept Short Sales Because Foreclosure Auctions Bring Much Less Money

Northeast OH – I’m writing a series in response to a number of big misconceptions I saw on a personal finance website online.

I don’t know if the personal finance write either didn’t know about short sales and was pretending to be an expert, or they were being fed bad information.

It could have . . . → Read More: A Sixth Common Northeast OH Short Sale Myth: Banks Accept Short Sales Because Foreclosure Auctions Bring Much Less Money

A Fifth Common Northeast OH Short Sale Myth: The Property Cannot Already Be In Foreclosure

Northeast OH – As you can see some of the so called short sale experts online don’t know a lick about short sales. This article was on a finance site.

But, there were almost 300 comments, many from homeowners who were considering a short sale. Now, I don’t pretend to know everything about short . . . → Read More: A Fifth Common Northeast OH Short Sale Myth: The Property Cannot Already Be In Foreclosure

Another Common Northeast OH Short Sale Myth: Short Sales Are Very Difficult And Not Worth The Aggravation

Northeast OH – It is frustrating to see how many myths are shoved on the public by so called “short sale experts.” These people rarely have any short sale experience.

If they do have any experience, it was that short sales are so difficult. But, that is like someone who has never driven a . . . → Read More: Another Common Northeast OH Short Sale Myth: Short Sales Are Very Difficult And Not Worth The Aggravation

A Common Northeast OH Short Sale Myth: You Must Have Defaulted On Your Loan Before Your Lender Will Talk About A Short Sale

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

“I’ll stop making the payments on my condo. That way we can start on the short sale process with my lender. How far behind do I have to be before they will start negotiations.

Click here to . . . → Read More: A Common Northeast OH Short Sale Myth: You Must Have Defaulted On Your Loan Before Your Lender Will Talk About A Short Sale

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

Northeast OH Short Sales: Who Loses When A Loan Modification Fails?

Northeast OH – Most people think that when a loan modification fails, then the homeowner who loses their home is the only party that loses. Well, often the bank loses as well. Let me explain why.

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

Many banks are . . . → Read More: Northeast OH Short Sales: Who Loses When A Loan Modification Fails?