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Do Banks Want To Do Northeast OH Short Sales?

Northeast OH – The Stop Foreclosure Institute recently received an email from Elaina. Here is what she had to say.

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

“Hi, I am a Real Estate Agent. You have some good information on short sales. But, is it written . . . → Read More: Do Banks Want To Do Northeast OH Short Sales?

Northeast OH Short Sales: What To Do When A Short Sale Negotiator Gets An Attitude

Northeast OH – Most short sale negotiators are professional. They understand the seriousness of their jobs. They work hard to educate themselves on the industry and market trends.

They are friendly and fun to work with. This is one of the things I like about selling short sales for a living. The downside is . . . → Read More: Northeast OH Short Sales: What To Do When A Short Sale Negotiator Gets An Attitude

With Home Prices Dropping, In Many Parts of Northeast OH It Is Cheaper to Own Than Rent

Northeast OH – The good news about the housing bust is that home prices are now more affordable. It is now cheaper to buy versus renting in many areas.

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

“At the peak of the real estate bubble, cities like . . . → Read More: With Home Prices Dropping, In Many Parts of Northeast OH It Is Cheaper to Own Than Rent

How A Northeast OH Short Sale Could Help You Avoid Owing Money In The Future

Northeast OH – A good short sale agent can help you avoid owing thousands of dollars in the future. Why?

Well, the most banks lose money when they reject a short sale. They turn down a sales price of $200,000. They foreclose on the home and put it up for sale.

However, they are . . . → Read More: How A Northeast OH Short Sale Could Help You Avoid Owing Money In The Future

Northeast OH Short Sales: How Supposedly Smart Bankers Lose Money

Northeast OH – Many bankers have fancy degrees earned studying for 4-6 years on how to make smart financial decisions. They have studied economics, finance, and other sophisticated financial subjects.

They understand amortization, arbitrage, and other financial subjects that only smart financial people understand.

Click here to discover how other sellers successfully did a . . . → Read More: Northeast OH Short Sales: How Supposedly Smart Bankers Lose Money

The Final Numbers On How A Northeast OH Short Sale Reduces Losses

Northeast OH – On our last blog post, we ran some numbers on why a short sale reduces a lender’s losses by 20% compared to a foreclosure.

Today I am going to add all the numbers together. That way we can see exactly how much this lender lost by not accepting the short sale.

. . . → Read More: The Final Numbers On How A Northeast OH Short Sale Reduces Losses

Why A Northeast OH Short Sale Saves Your Lender Money

Northeast OH – We throw around the statistic that a short sale reduces a lender’s losses by 20% compared to a foreclosure.

However, I am sure that there are many people who find that hard to believe. So today I am going to give you a breakdown of exactly why it happens.

Click here . . . → Read More: Why A Northeast OH Short Sale Saves Your Lender Money

Another Common Northeast OH Short Sale Myth: You Have To Be Behind On Payments Before Your Lender Will Approve A Short Sale

Northeast OH – This is a common myth that is promoted by people that do not understand lenders or the foreclosure process. However, it’s not true.

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

Many homeowners have short sold their home and never missed a payment. The lenders will approve . . . → Read More: Another Common Northeast OH Short Sale Myth: You Have To Be Behind On Payments Before Your Lender Will Approve A Short Sale

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

Another strategy to use when negotiating a Northeast OH Loan Modification

Northeast OH – Lenders hate losing money. They hate loan modifications, principal reductions, and any other thing that causes them to lose money.

But, in today’s tough economy they have no choice but to accept them. The primary reason a lender will grant a loan modification is because that usually reduces their losses.

. . . → Read More: Another strategy to use when negotiating a Northeast OH Loan Modification