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Northeast OH Short Sale Question: How Is Short Selling A Rental Different From Your Personal House?

Northeast OH – The Stop Foreclosure Institute recently received a question from Brett. Here was Brett’s question.

“How is the short sale process different for a homeowner versus a rental property? Is the owner of a rental property more likely to have a deficiency judgment and/or be taxed on the deficiency than a someone . . . → Read More: Northeast OH Short Sale Question: How Is Short Selling A Rental Different From Your Personal House?

Short Sale Case Study: Homeowner Wipes Out $101,00 In Upside Down Debt

Northeast OH – Here is a case study of a homeowner that wiped out $101,279 in upside down debt. They built a brand new home at the peak of the market.

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

They were forced to sell for job relocation . . . → Read More: Short Sale Case Study: Homeowner Wipes Out $101,00 In Upside Down Debt

Three Ways To Reduce Your Northeast OH Short Sale Deficiency

Northeast OH – No one wants a deficiency on a short sale. It’s not your fault the housing market crashed. In fact, some people say that the banks and Wall Street are what caused the crash.

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

Here are four ways that you . . . → Read More: Three Ways To Reduce Your Northeast OH Short Sale Deficiency

Short Sale Case Study: Homeowner Wipes Out $101,00 In Upside Down Debt

Northeast OH – Here is a case study of a homeowner that wiped out $101,279 in upside down debt. They built a brand new home at the peak of the market.

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

 

They were forced to sell for . . . → Read More: Short Sale Case Study: Homeowner Wipes Out $101,00 In Upside Down Debt

Three Ways To Reduce Your Northeast OH Short Sale Deficiency

Northeast OH – No one wants a deficiency on a short sale. It’s not your fault the housing market crashed. In fact, some people say that the banks and Wall Street are what caused the crash.

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

 

Here are four ways . . . → Read More: Three Ways To Reduce Your Northeast OH Short Sale Deficiency

Northeast OH Short Sales: Bank won’t allow my seller to avoid short sale process

Northeast OH – The Stop Foreclosure Institute recently received a question from another agent. Apparently they were being mislead on a short sale by a large national lender.

Here is the question we received: “Do you have a number to contact Fannie Mae? The bank (Large National Bank) will not allow the seller . . . → Read More: Northeast OH Short Sales: Bank won’t allow my seller to avoid short sale process

Northeast OH Short Sales: How Do You Handle Multiple Offers?

Northeast OH – The Stop Foreclosure Institute recently received a question from another agent. Here was her question.

“I have a short sale listed. At what time in the short sale process do you stop accepting additional offers for submittal to the lender? If you accept another offer after you’ve already submitted one to . . . → Read More: Northeast OH Short Sales: How Do You Handle Multiple Offers?

Northeast OH Short Sale: I’m having a hard time negotiating with a HELOC

 

 

“What is your experience with Chase Heloc’s? I have a HELOC that is a 2nd mortgage. Citi (the 1st) will give them 6% or approximately $3000. Chase’s collection agency is saying that they want 30% ($30,000.)

They won’t budge. They want this in CASH, not as a promissory note (in case . . . → Read More: Northeast OH Short Sale: I’m having a hard time negotiating with a HELOC

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: How To Negotiate Away Promissory Notes

Northeast OH – If your loan has Private Mortgage Insurance, also known as PMI, then there is a high likelihood that they will request that you sign a promissory note.

Today’s blog post talks about how to convince the lender to waive it.

Discover how other sellers successfully did a short sale to . . . → Read More: Northeast OH Short Sales: How To Negotiate Away Promissory Notes