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Worried About Owing Money After A USA Short Sale?

Northeast OH – We recently received an email from Joy. She was thinking about a short sale, but was worried about a deficiency.

Here is a sentence from her email: “We obviously want to get the price as close to fair market value as possible to eliminate or reduce any deficiency the bank may . . . → Read More: Worried About Owing Money After A Northeast OH Short Sale?

How A Northeast OH Short Sale Could Help You Avoid Owing Money In The Future

Northeast OH – A good short sale agent can help you avoid owing thousands of dollars in the future. Why?

Well, the most banks lose money when they reject a short sale. They turn down a sales price of $200,000. They foreclose on the home and put it up for sale.

However, they are . . . → Read More: How A Northeast OH Short Sale Could Help You Avoid Owing Money In The Future

Northeast OH Short Sales: Who Loses When A Loan Modification Fails?

Northeast OH – Most people think that when a loan modification fails, then the homeowner who loses their home is the only party that loses. Well, often the bank loses as well. Let me explain why.

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

Many banks are . . . → Read More: Northeast OH Short Sales: Who Loses When A Loan Modification Fails?

Northeast OH Short Sales: What Occupy Wall Street Doesn't Know About Bankers

Northeast OH – Occupy Wall Street Protestors are not having the best success attacking Wall Street and the banks. But, that is because they are complaining about what they think is wrong with the situation.

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

If the protestors only knew . . . → Read More: Northeast OH Short Sales: What Occupy Wall Street Doesn’t Know About Bankers

Northeast OH Short Sale Myth: Anyone Can Negotiate With The Lender

Northeast OH – Yes, many people think they can negotiate with the lender. But, some of them don’t have the skills necessary to be successful.

Here are a few of the things someone needs before they can negotiate a short sale.

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Northeast OH Short Sale Myth: Anyone Can Negotiate With The Lender

Short Selling Your Northeast OH House? Why Not Get Out Of Debt At The Same Time?

Northeast OH – A short sale is the best option to erase upside down mortgage debt. A homeowner can often erase hundreds of thousands of dollars in debt.

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

I assume that you are looking to short sale for the . . . → Read More: Short Selling Your Northeast OH House? Why Not Get Out Of Debt At The Same Time?

A Common Northeast OH Short Sale Case Mistake: Waiting Too Long To Put your Home On The Market

Northeast OH – Many homeowners think they have lots of time. “We’ll put out home up for sale in a few months. I know the bank is working to foreclose on it, but we can wait”, they say to themselves.

In order to have a successful short sale, then your agent will need time . . . → Read More: A Common Northeast OH Short Sale Case Mistake: Waiting Too Long To Put your Home On The Market

A Common Northeast OH Short Sale Case Mistake: Waiting Too Long To Put your Home On The Market

Northeast OH – Many homeowners think they have lots of time. “We’ll put out home up for sale in a few months. I know the bank is working to foreclose on it, but we can wait”, they say to themselves.

In order to have a successful short sale, then your agent will need . . . → Read More: A Common Northeast OH Short Sale Case Mistake: Waiting Too Long To Put your Home On The Market

Northeast OH Short Sales: How To Look At A Short Sale From The Lender’s Perspective

 

Northeast OH – The Stop Foreclosure Institute received a few responses from yesterday’s blog post. Most of the questions went something like this.

“I think a lender would be stupid to approve an investment property short sale for a wealthy person. If I was the lender I would sue them for the loss. . . . → Read More: Northeast OH Short Sales: How To Look At A Short Sale From The Lender’s Perspective

Northeast Ohio Short Sales: If You Bought At The Market’s Peak, Does It Make Sense To Short Sale Your Home?

Northeast OH – Many homeowners bought their home at the peak of the market. In the hardest hit areas, they paid $500,000 for homes that are not selling for $250,000 (or even less.)

Their home is costing them $4,000 a month. (That is the total after paying property taxes and insurance.) Renters have . . . → Read More: Northeast Ohio Short Sales: If You Bought At The Market’s Peak, Does It Make Sense To Short Sale Your Home?