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How Does A Northeast OH Short Sale Affect My Credit?

Northeast OH – A successful short sale helps the seller to avoid any credit damage that could be brought about by a foreclosure.

Such damage is not something to admire as it may take a minimum of seven years for someone before it goes off your credit report. That is why is it best to . . . → Read More: How Does A Northeast OH Short Sale Affect My Credit?

Northeast OH Short Sales: Is It Ethical For Lenders To Make Millions At Your Expense?

Northeast OH – Many lenders do not own the loans they handle. Instead, they are paid by the actual loan owner to collect payment.

In my opinion, the banks make millions by understaffing their foreclosure departments? Here’s a real life example. A bank forecloses on a house and waits for over a year to . . . → Read More: Northeast OH Short Sales: Is It Ethical For Lenders To Make Millions At Your Expense?

Why Is My Bank Willing To Pay You To Short Sale My Northeast OH Home?

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

“I am thinking about short selling my house. I’m just wondering how I can get someone to help me. I know that your website says that a short sale costs me nothing.

I just have a hard . . . → Read More: Why Is My Bank Willing To Pay You To Short Sale My Northeast OH Home?

Northeast OH Short Sales: Does escalating the file even work?

Northeast OH – The Stop Foreclosure Institute recently received a question from Katie. Here was her question.

I am an agent and I am helping someone short sell their house. X Lender (to remain unnamed) claims that they have sent a short sale package to the seller a couple of times.

But, they haven’t . . . → Read More: Northeast OH Short Sales: Does escalating the file even work?

Trying To Short Sale Your Northeast OH Home, But Worried The Lender Might Foreclose On It First? Try This.

Northeast OH – Short sales can drag out. It takes 1-2 months to sell the house. Then, the short sale negotiations start.

They can drag out for 3-6 months. In the meantime, if you aren’t paying on the mortgage, then the lender will be trying to foreclose on the house.

Here is a tactic . . . → Read More: Trying To Short Sale Your Northeast OH Home, But Worried The Lender Might Foreclose On It First? Try This.

A Common Misconception: Buyers Don’t Like Northeast OH Short Sales

Northeast OH – A lot of agents think buyers don’t like short sales. This is not true. In fact, many buyers prefer foreclosures and short sales over normal homes on the market.

They know that they are more likely to buy a home at a fair price when they buy a short sale.

Click . . . → Read More: A Common Misconception: Buyers Don’t Like Northeast OH Short Sales

A Common Northeast OH Short Sale Negotiation Mistake: Letting Your Ego Get Involved

Northeast OH – What is your final goal? You want to sell your property quickly for top dollar, right? Keep that goal in mind during the entire negotiation.

I have seen people kill a potential sale to a person that would have been willing to pay top dollar for a property because they didn’t . . . → Read More: A Common Northeast OH Short Sale Negotiation Mistake: Letting Your Ego Get Involved

Northeast OH Short Sale Myth: The bank wants a deficiency on the short sale so I can get out of it by letting them foreclose

Northeast OH – Most people short selling their home do not want to repay the deficiency. And in most cases, the lender allows them to walk away with no deficiency.

But, that is not always the case. Some banks are very pushy when it comes to the deficiency. They won’t approve the short sale . . . → Read More: Northeast OH Short Sale Myth: The bank wants a deficiency on the short sale so I can get out of it by letting them foreclose

Northeast OH Short Sale Myth: I Have To Go Thru The Loan Mod Process Before I Can Short Sell

Northeast OH – The Stop Foreclosure Institute recently received a question from Tonia about short sales. Apparently Tonia has been mislead by her lender.

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

Here is Tonia’s question about short sales. “I’ve been trying to sell my house for over a year . . . → Read More: Northeast OH Short Sale Myth: I Have To Go Thru The Loan Mod Process Before I Can Short Sell

Northeast OH Short Sale Myth: If I Sell For More, Then I Won’t Have A Deficiency

Northeast OH – Some sellers think that if they sell their house for more money, then they are less likely to have a deficiency. Let me explain why that is not true.

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

Another realtor recently told us about a short sale they . . . → Read More: Northeast OH Short Sale Myth: If I Sell For More, Then I Won’t Have A Deficiency