Twitter Counter

A Fourth Common Northeast Short Sale Myth: There Can Be No Liens On The Property

Northeast OH – This is the fourth inaccuracy I have seen in an article about short sales. I was this article online and noted 7-8 big inaccuracies.

You can’t get solid and accurate information on short sales unless you talk to an agent that has sold a few short sales.

Click here to discover . . . → Read More: A Fourth Common Northeast Short Sale Myth: There Can Be No Liens On The Property

How To Solve The Most Common USA Short Sale Problem

Northeast OH – Short Sales where two or more mortgages are involved are the trickiest. Both mortgage companies are losing a lot of money.

They both think that they are entitled to the proceeds of the sale. This is the most common short sale problem. Today we’ll give you an example of how we . . . → Read More: How To Solve The Most Common USA Short Sale Problem

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?

A Common Northeast OH Loan Mod Mistake

Northeast OH – The Stop Foreclosure Institute recently received a question from a person attempting a loan modification on their home. Here was their question.

“I have a first mortgage for $197,000. That was my original loan from when I bought my home. I borrowed $250,000 on a second mortgage for a remodel.

My . . . → Read More: A Common Northeast OH Loan Mod Mistake

Northeast OH Short Sale Question: I’m In A Jam With Two Mortgage Companies Fighting Over Money

Northeast OH – The Stop Foreclosure Institute recently received a question from another agent named Bonnie. Here was her question.

“On my short sale, the first mortgage gave me a price and a net they would allow. The title company put together the closing documents and paid the first more than the minimum net . . . → Read More: Northeast OH Short Sale Question: I’m In A Jam With Two Mortgage Companies Fighting Over Money

Northeast OH Short Sale Q & A: The Second Mortgage Wants More Than The First Mortgage Will Give Them

Northeast OH – The Stop Foreclosure Institute recently received a question from Aggie. Here was Aggie’s Question.

“We received a short sale approval on the 1st. They will only pay the second mortgage $3,000. The problem is that the second mortgage wants $5,500.

We are arguing back and forth with the second mortgage. The . . . → Read More: Northeast OH Short Sale Q & A: The Second Mortgage Wants More Than The First Mortgage Will Give Them

Why Northeast OH Short Sales with 3 or more mortgages are difficult

Northeast OH – Are you looking to buy a short sale? Before you make an offer, you need to check and see how many mortgages are on the home.

A short sale with only one mortgage is not that difficult. Even an inexperienced agent can often get these approved and sold.

Get . . . → Read More: Why Northeast OH Short Sales with 3 or more mortgages are difficult

Northeast OH Short Sale: Why Does A HELOC Get Zero From Foreclosure

 

Northeast OH – After yesterday’s blog post, I am sure that some people were wondering why a HELOC gets zero from a foreclosure. Let me explain why.

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

When a property is foreclosed upon, it is auctioned on the courthouse steps. . . . → Read More: Northeast OH Short Sale: Why Does A HELOC Get Zero From Foreclosure