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Another Reason You Must Hire An Experienced Northeast OH Short Sale Realtor

Northeast OH – The way that most lenders handle short sales is very weird. They have a strange policy of demanding that all home buyers close on their home purchase within 30 days of them approving the short sale.

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

. . . → Read More: Another Reason You Must Hire An Experienced Northeast OH Short Sale Realtor

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

Step Three to Get A Northeast OH Short Sale Approved In 90 Days Or Less

Northeast OH – We are explaining the steps to approving a short sale in 90 days or less. Today, we’re going to explain Step 3: Find out the BPO value.

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

This seems fairly simple. But, most agents never find . . . → Read More: Step Three to Get A Northeast OH Short Sale Approved In 90 Days Or Less

Does My Northeast OH Short Sale Have To Be Approved Before I Put It Up For Sale?

Northeast OH – We often get asked if a short sale is even worth the effort. “Do I need to have my short sale “Approved” by my lender before I put my home on the market?” one seller asked us.

“When I called my lender they wouldn’t talk to me about my short sale. I . . . → Read More: Does My Northeast OH Short Sale Have To Be Approved Before I Put It Up For Sale?

Who Benefits From A Northeast OH Short Sale?

Northeast OH – Even though lenders pretend to hate short sales, they actually benefit from short sales. Let me explain why.

A lender gets to sell the house at today’s price, versus what it will be worth 6-12 months down the road. We just did a comparison and pulled up sold listings.

All of . . . → Read More: Who Benefits From A Northeast OH Short Sale?

What You Should Know Before Buying A Northeast OH Short Sale

Northeast OH – If you are considering buying a short sale, then you should know what you are getting involved with. 

First off congratulations! Buying a short sale is a great decision. Most short sales usually sell for 3-5% less than other comparable homes.

Click here to discover how other sellers successfully did a . . . → Read More: What You Should Know Before Buying A Northeast OH Short Sale

Northeast OH Short Sales: Do Short Sales Really Take 6-8 Months?

 

Northeast OH – We received a lot of feedback from yesterday’s post.

One agent said, “You obviously don’t know what you are talking about. Bank X won’t give us a response on the file and we have been waiting 5 months for an answer.

How dare you suggest that I am incompetent . . . → Read More: Northeast OH Short Sales: Do Short Sales Really Take 6-8 Months?

Northeast Ohio Short Sales: Four Specific Examples of Big Bank Negligence

Northeast OH – Here are four specific examples of big bank’s negligence causing a loan owner to lose money.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Example #1: Not giving buyers an answer on a short sale within one week. Home buyers don’t like to wait . . . → Read More: Northeast Ohio Short Sales: Four Specific Examples of Big Bank Negligence

Northeast Ohio Short Sales: The Average Homeowner Can Live 492 Days Rent Free

Northeast OH – According to the Wall Street Journal [1], the average homeowner with a home in foreclosure hasn’t made a payment in 492 days. What’s even crazier is that those homes are still in the foreclosure process.

That means that a homeowner can live rent free for even longer than 492 days. . . . → Read More: Northeast Ohio Short Sales: The Average Homeowner Can Live 492 Days Rent Free

Northeast Ohio Short Sales: Are Lenders So Desperate They Will Accept Any Offer?

Northeast OH – Have you heard the following myths about short sales?

Myth #1: You can buy short sales for dirt cheap and then turn around and resell them for a profit.

Myth #2: Foreclosures, Short Sales, and Bank Owned Homes can be bought for 30 to 50 cents on the dollar . . . → Read More: Northeast Ohio Short Sales: Are Lenders So Desperate They Will Accept Any Offer?