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Don’t Accept A Promissory Note When You Short Sale Your USA Home

Northeast OH – Many lenders ask for a promissory note on short sales. This is especially true if the lender has Private Mortgage Insurance (also called PMI) that has to approve the short sale.

The PMI companies know that homeowners will do anything to protect their credit when they are short selling their home.

. . . → Read More: Don’t Accept A Promissory Note When You Short Sale Your Northeast OH Home

Northeast OH Short Sale Help: Another short sale almost killed by lender incompetence

Northeast OH – We have seen many instances where a short sale that should have been approved was denied. If your short sale realtor doesn’t know what they are doing, then you might get stuck with a promissory note that you don’t deserve.

Click here to discover how other sellers successfully did a short sale . . . → Read More: Northeast OH Short Sale Help: Another short sale almost killed by lender incompetence

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

Northeast OH Short Sale Question: Lender Won’t Approve The Short Sale. What Should I Do?

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

“Here’s a question for you. I have a short sale with two offers. The appraisal was close to the sales price and the inspection was good.

However, the bank calls me and says, “Sorry, . . . → Read More: Northeast OH Short Sale Question: Lender Won’t Approve The Short Sale. What Should I Do?

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

Northeast OH Short Sale: I’m having a hard time negotiating with a HELOC

 

 

“What is your experience with Chase Heloc’s? I have a HELOC that is a 2nd mortgage. Citi (the 1st) will give them 6% or approximately $3000. Chase’s collection agency is saying that they want 30% ($30,000.)

They won’t budge. They want this in CASH, not as a promissory note (in case . . . → Read More: Northeast OH Short Sale: I’m having a hard time negotiating with a HELOC

Northeast OH Short Sales: The Lender Won't Approve The Short Sale. Now What?

Northeast OH – If you are doing short sales, then you must learn how to escalate a file. Here’s why.

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

What do you do when the house isn’t selling for any more money, but the bank keeps on . . . → Read More: Northeast OH Short Sales: The Lender Won’t Approve The Short Sale. Now What?

Northeast OH Short Sales: How To Negotiate Away Promissory Notes

Northeast OH – If your loan has Private Mortgage Insurance, also known as PMI, then there is a high likelihood that they will request that you sign a promissory note.

Today’s blog post talks about how to convince the lender to waive it.

Discover how other sellers successfully did a short sale to . . . → Read More: Northeast OH Short Sales: How To Negotiate Away Promissory Notes

Northeast Ohio Short Sales: How One Agent Overcame The Odds

Northeast OH – Sometimes it seems like short sales are tough. “Don’t try to short sale your house. Short Sales never go thru”, people tell you.

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

This isn’t true. Here is how one agent beat the odds and . . . → Read More: Northeast Ohio Short Sales: How One Agent Overcame The Odds