Twitter Counter

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 My Lender Sue Me After A Northeast OH Short Sale?

Northeast OH – Many people are concerned about a potential lawsuit after a short sale.

Many people ask us, “My lender just lost $150,000. Aren’t thing going to be angry that they are losing that much money? Won’t they sue me?”

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Will My Lender Sue Me After A Northeast OH Short Sale?

Northeast OH Short Sales: What To Do When A Short Sale Negotiator Gets An Attitude

Northeast OH – Most short sale negotiators are professional. They understand the seriousness of their jobs. They work hard to educate themselves on the industry and market trends.

They are friendly and fun to work with. This is one of the things I like about selling short sales for a living. The downside is . . . → Read More: Northeast OH Short Sales: What To Do When A Short Sale Negotiator Gets An Attitude

Why A Northeast OH Short Sale Is The Best Alternative To Get Out From Under An Upside Down Mortgage

Northeast OH – Are you upside down on your mortgage? Try this. Sit down and run the numbers. How much will your upside down mortgage cost you over the next 30 years?

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

Let’s say a homeowner bought a house . . . → Read More: Why A Northeast OH Short Sale Is The Best Alternative To Get Out From Under An Upside Down Mortgage

An Eighth Common Northeast OH Short Sale Myth: I Can Erase Any Deficiency On My Upside Down Home By Simply Declaring Bankruptcy

Northeast OH – A lot of people incorrectly think that bankruptcy is a “Get Out Of Jail Free” card. Yes, bankruptcy does not help a lot of people get back on their feet.

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

However, it is not a “Get . . . → Read More: An Eighth Common Northeast OH Short Sale Myth: I Can Erase Any Deficiency On My Upside Down Home By Simply Declaring Bankruptcy

Northeast OH Short Sales: Will Banks Issue an Extension on a Short Sale Approval Letter?

Northeast OH – Under normal circumstances, banks are not required to extend the closing of a short sale. The last thing a buyer would want to hear is that their mortgage lender can’t perform especially after waiting for a number of months to buy a home.

Click here to discover how other sellers successfully . . . → Read More: Northeast OH Short Sales: Will Banks Issue an Extension on a Short Sale Approval Letter?

Northeast OH Short Sales: An Ounce Of Prevention Is Worth A Pound Of Cure

Northeast OH – The agent you hire to short sale your house should know how to “influence the BPO.”

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

The BPO is another agent’s opinion of the value of your home. The bank will willingly sell your home on . . . → Read More: Northeast OH Short Sales: An Ounce Of Prevention Is Worth A Pound Of Cure

Northeast OH Short Sale Question: Is This Lender Lying To Me?

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

“I was just told by the lender on a short sale that they will have to “close” the file because they buyer’s name changed. They said that due to Freddie & Fannie rules if the buyer’s . . . → Read More: Northeast OH Short Sale Question: Is This Lender Lying To Me?

Can An Inherited Property Be A Successful Northeast OH Short Sale?

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

“Can an investment property that was inherited be a successful short sale without the owner having to pay back the deficiency? I am curious to know the answer. Bernice.”

Click here to discover how other sellers successfully . . . → Read More: Can An Inherited Property Be A Successful Northeast OH Short Sale?

Northeast OH Short Sales: An Example Of How We Escalated A Short Sale File

Northeast OH – I talk about “escalating” a short sale. To put that in perspective, I am going to give you a real life example of how it is done.

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

We had a house on the market for 5 . . . → Read More: Northeast OH Short Sales: An Example Of How We Escalated A Short Sale File