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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

A Few Disadvantages Of A Northeast OH Short Sale

Northeast OH – There are some disadvantages of a short sale. But, remember how much a short sale would save you over a foreclosure.

A short sale allows you to buy another home 2-4 years sooner and you avoid paying 2-4 years of rent. That would enable you to pay off your house 2-4 . . . → Read More: A Few Disadvantages Of A Northeast OH Short Sale

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

Northeast OH Short Sale Question: What Are My Options?

Northeast OH – The Stop Foreclosure Insitute recently received a question from Denzel.

Here was his question. “I purchased my home in 2007 for 365,000 and put 18,000 down. Today I owe approximately 340000.

The mortgage is with Wells Fargo. No Second. The same size home is being sold by the builder brand new . . . → Read More: Northeast OH Short Sale Question: What Are My Options?

Northeast OH Short Sales: Should you be embarrassed to short sale?

Northeast OH – Many people are embarrassed that they are short selling their house. They feel like they are somehow being dishonest or shady. Neither one of those is true. A lot of the people short selling today never had a blemish in their credit. They lived perfect, responsible financial lives. Then the real estate . . . → Read More: Northeast OH Short Sales: Should you be embarrassed to short sale?

Will the forgiven money on a short sale be reported to the IRS as income?

One of the most common concerns that sellers have when we discuss working with them to do a short sale on their home is:

Will I be taxed on my the forgiven debt from my Ohio short sale? Call Andy with more questions or to get your home sold on a short sale. . . . → Read More: Will the forgiven money on a short sale be reported to the IRS as income?