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Why Are Some Northeast OH Foreclosures and Short Sales Being Sold With Tenants Still In The Property?

Northeast OH – A person recently asked me about how the banks foreclose on properties with a tenant living in it.

“Why would a bank go to the trouble of a foreclosure if there is already a tenant in the house paying them?”, they asked me. That’s an interesting question.

Click here to discover . . . → Read More: Why Are Some Northeast OH Foreclosures and Short Sales Being Sold With Tenants Still In The Property?

Northeast OH Short Sales: How Can I Get An Answer On My Offer?

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

“I made an offer to buy a short sale about 4 months ago. I have heard nothing except that they are going to re-submit the short sale paperwork to the lender.

I am very frustrated. Is there . . . → Read More: Northeast OH Short Sales: How Can I Get An Answer On My Offer?

Will I Owe A Deficiency On A Northeast OH Short Sale If I Have A USDA Loan?

Northeast OH – Another common type of loan that does not usually have a deficiency is a USDA loan. The USDA loan program was created to make it easier for people that lived in rural areas to buy their own home.

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Will I Owe A Deficiency On A Northeast OH Short Sale If I Have A USDA Loan?

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

Northeast OH Short Sale Question: Will I Wipe Out The Debt When I Short Sale?

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

“I am upside down on my house. I owe over 700k and I have been told that it is now worth under 400k. I just hate to think how much it will cost me over the long . . . → Read More: Northeast OH Short Sale Question: Will I Wipe Out The Debt When I Short Sale?

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?

Is This Bank Breaking The Law On Northeast OH Short Sales?

Northeast OH – One large, national bank requires that all home buyers trying to buy a short sale give them their credit information before they make an offer on the house.

They are asking for the buyer’s social security number and pulling their credit report. Why are they doing this? But, more importantly is . . . → Read More: Is This Bank Breaking The Law On Northeast OH Short Sales?

Northeast OH Short Sales: How Bankers Lose Money By Being Incompetent On Short Sales

Northeast OH – A Short Sale can help you avoid owing your bank for losing money when they reject a short sale offer. Here is an example of how a bank lost money by delaying the short sale process.

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

. . . → Read More: Northeast OH Short Sales: How Bankers Lose Money By Being Incompetent On Short Sales

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?

The Advantages A Northeast OH Short Sales Has Over Foreclosure

Northeast OH – Some people don’t know why they should bother with a short sale. “I’ll just let the bank foreclose. A short sale isn’t worth the aggravation”, they tell us.

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

There is one simple reason I would prefer . . . → Read More: The Advantages A Northeast OH Short Sales Has Over Foreclosure