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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: How To Do a Bank of America Cooperative Short Sale

Northeast OH – You can hire a real estate agent if you want to, but it’s not a necessary step to get preapproved for the short sale. I help my sellers get preapproved but not every short sale agent offers this type of service because we don’t get paid to do it

Click here . . . → Read More: Northeast OH Short Sales: How To Do a Bank of America Cooperative Short Sale

Northeast OH Short Sales: How do I benefit from a Short Sale?

Northeast OH – The Stop Foreclosure Institute is closing another short sale tomorrow. The sellers had a job transfer out of state. They were short selling an FHA loan with a second mortgage. The short sale was fairly simple because FHA’s short sale guidelines.

Click here to discover how other sellers successfully did a short . . . → Read More: Northeast OH Short Sales: How do I benefit from a Short Sale?

Northeast OH Short Sale Help: Another short sale almost killed by lender incompetence

Northeast OH – We have seen many instances where a short sale that should have been approved was denied. If your short sale realtor doesn’t know what they are doing, then you might get stuck with a promissory note that you don’t deserve.

Click here to discover how other sellers successfully did a short sale . . . → Read More: Northeast OH Short Sale Help: Another short sale almost killed by lender incompetence

How To Ensure Accurate Appraisals And A Successful Northeast OH Short Sale

Northeast OH – The biggest threat to your short sale is a high appraisal. Which is why your agent needs to make sure the appraisal is accurate.

Here is the process your agent needs to follow to ensure an accurate appraisal.

Click here to discover how other sellers successfully did a short sale . . . → Read More: How To Ensure Accurate Appraisals And A Successful Northeast OH Short Sale

Northeast OH Short Sale: Are The Banks Lying To Uncle Sam

Northeast OH – The Stop Foreclosure Institute recently received an e-mail from another real estate agent. They were asking for our advice on a short sale.

They accused a large, national lender (one of the 4 largest in America) of lying to Fannie Mae. Fannie Mae is almost a subsidiary of the Federal Government.

. . . → Read More: Northeast OH Short Sale: Are The Banks Lying To Uncle Sam

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

Northeast OH Short Sales: The Short Sale Process from beginning to end

Northeast OH – The short sale process can vary, but it will generally work as follows:

1) The lender is contacted to discuss the possibility of a short sale and to determine the lender’s process for completing the sale.

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

. . . → Read More: Northeast OH Short Sales: The Short Sale Process from beginning to end

Northeast Ohio Short Sales: What is a BPO and why does it matter on a short sale?

Northeast OH – Some agents hate short sales. Why? Because they don’t understand them. So, don’t believe them when they tell you that short sales are impossible.

I will explain what causes their problems in today’s post.

There are two things you must understand if you are doing short sales. They are BPOs . . . → Read More: Northeast Ohio Short Sales: What is a BPO and why does it matter on a short sale?

Northeast Ohio Short Sales: What is a BPO?

Northeast OH – If you have been reading about short sales, then you have probably heard the term “BPO” and wondered what it meant.

BPO stands for Broker’s Price Opinion. A Broker’s Price Opinion is when a licensed real estate agent gives their opinion of the value of a property.

That value is what . . . → Read More: Northeast Ohio Short Sales: What is a BPO?