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A Ninth Common Northeast OH Short Sale Myth: A Deed In Lieu is not a foreclosure and therefore does not harm my credit like a foreclosure would

Northeast OH – A Deed-In-Lieu is often called a “friendly foreclosure.” A Deed-In-Lieu is basically the foreclosure equivalent of a plea bargain.

The biggest beneficiary of a Deed-In-Lieu is the bank. They get a faster, easier foreclosure. But, what do you, the homeowner, get?

Click here to discover how other sellers successfully did a . . . → Read More: A Ninth Common Northeast OH Short Sale Myth: A Deed In Lieu is not a foreclosure and therefore does not harm my credit like a foreclosure would

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

So You Want To Steal A Short Sale?

Northeast OH – Some buyers think that a short sale is an opportunity for them to “steal” a home. They see courses on late night TV with the title: “How I Legally Rob Banks.”

Those courses tell them the way to rob banks is to buy a short sale. They fail to tell you . . . → Read More: So You Want To Steal 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?

Northeast OH Short Sales: Why Would a Bank Issue an Extension on a Short Sale Approval Letter?

Northeast OH – The most likely reason why a bank would accept to issue an extension on a short sale is because the bank prefers to do the short sale over the foreclosure.

This is a reason why your agent needs to continue to tell them on why the short sale will be beneficial . . . → Read More: Northeast OH Short Sales: Why Would a Bank Issue an Extension on a Short Sale Approval Letter?

Why A Northeast OH Short Sale Is A Win-Win For Everyone

Northeast OH – While doing a real estate transaction, not all parties with a financial interest can be winners. However, a successful short sale is one of those rare cases where everyone leaves a winner.

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

The Seller wins by avoiding . . . → Read More: Why A Northeast OH Short Sale Is A Win-Win For Everyone

Northeast OH Short Sale: Can I Rent My Home If It Is In Foreclosure?

Northeast OH – The Stop Foreclosure Institute recently received a question about renting a home in foreclosure.

Short Sale Question: I am selling 2 of homes that are short sales. I would like to rent the homes during the foreclosure process. I will continue to pay the home owners association fees. I will . . . → Read More: Northeast OH Short Sale: Can I Rent My Home If It Is In Foreclosure?

Should I Loan Mod or Short Sale My Northeast OH Investment Property

Northeast OH – The Stop Foreclosure Institute recently received a question from Kristine.

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

Here was Kristine’s Question. “I bought a condo in 2005 and have never been late on a payment. My husband and I have been renting out . . . → Read More: Should I Loan Mod or Short Sale My Northeast OH Investment Property

Northeast OH Short Sale: Can I Rent My Home If It Is In Foreclosure?

Northeast OH – The Stop Foreclosure Institute recently received a question about renting a home in foreclosure.

Short Sale Question: I am selling 2 of homes that are short sales. I would like to rent the homes during the foreclosure process. I will continue to pay the home owners association fees. I will not . . . → Read More: Northeast OH Short Sale: Can I Rent My Home If It Is In Foreclosure?