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A Rant About Lender Incompetence On Northeast OH Short Sales

Northeast OH – I am so sick of the incompetence and arrogance of people in the banking industry! It seems like the incompetence never ends.

We had a short sale closing last week. The underwriter for the buyer’s lender didn’t like the way the short sale approval letter was worded. They wouldn’t approve the . . . → Read More: A Rant About Lender Incompetence On Northeast OH Short Sales

Will I Owe A Deficiency On A Northeast OH Short Sale If I Have A VA Loan?

Northeast OH – Another common type of loan that does not usually have a deficiency is a VA loan.

But, how do you determine whether or not you have an VA loan?

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

On your original mortgage, 1-4 pages past . . . → Read More: Will I Owe A Deficiency On A Northeast OH Short Sale If I Have A VA Loan?

Will I Owe A Deficiency On A Northeast OH Short Sale If I Have An FHA Loan?

Northeast OH – The next most common type of loan that does not usually have a deficiency is an FHA loan.

But, how do you determine whether or not you have an FHA loan?

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

Here is the best way . . . → Read More: Will I Owe A Deficiency On A Northeast OH Short Sale If I Have An FHA Loan?

Northeast OH Short Sales: How do I benefit from a Short Sale?

Northeast OH – The Stop Foreclosure Institute is closing another short sale tomorrow. The sellers had a job transfer out of state. They were short selling an FHA loan with a second mortgage. The short sale was fairly simple because FHA’s short sale guidelines.

Click here to discover how other sellers successfully did a short . . . → Read More: Northeast OH Short Sales: How do I benefit from a Short Sale?

Will your Northeast OH Short Sale Realtor follow up properly to ensure success?

Northeast OH – We got a short sale approved yesterday. This file was a fiasco from day one. Despite the incompetence we suffered, we got the file approved thru persistent follow up. The first lender handling the file was incredibly incompetent. Their short fax number didn’t work. We mailed the short sale package to them . . . → Read More: Will your Northeast OH Short Sale Realtor follow up properly to ensure success?

Northeast OH Short Sale Question: I’m In A Jam With Two Mortgage Companies Fighting Over Money

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

“On my short sale, the first mortgage gave me a price and a net they would allow. The title company put together the closing documents and paid the first more than the minimum net . . . → Read More: Northeast OH Short Sale Question: I’m In A Jam With Two Mortgage Companies Fighting Over Money

How do I find a Northeast OH Realtor that specializes in short sales?

Northeast OH – Are you looking for a Gainesville Realtor that specializes in short sales. It is important that you pick the right agent. Many agents turn down short sale listings because they are unfamiliar with the process. These transactions are much more difficult and complicated than your average real estate transaction.

Click here . . . → Read More: How do I find a Northeast OH Realtor that specializes in short sales?

Northeast OH Short Sales: There Is A Surprise Lien On The Short Sale

Northeast OH – The Stop Foreclosure Institute recently received a question from James. Here is his question.

“Do you have any suggestions on a surprise lien from a Water Softener company? We were able to get Bank of America to approve the short sale without paying the lien. It could take another 60 days . . . → Read More: Northeast OH Short Sales: There Is A Surprise Lien On The Short Sale

Northeast Ohio Short Sales: Avoid Surprises

Northeast OH – Many agents and buyers are scared of short sales. Here is something that I do to make the short sale process easier for the home seller.

Before I start negotiations with your lender, I will order a complete title search. Here is why I do that. I want to know . . . → Read More: Northeast Ohio Short Sales: Avoid Surprises

How do I defend against my lender?

FROM MY BLOG I RECIEVED THIS QUESTION:

Andy, I work with senior homeowners 62 or older that are facing foreclosure. I get the banks to reduce the principle balance and pay that off with a reverse mortgage. Most of my clients are on fixed incomes and can’t afford an attorney or mortgage audit. . . . → Read More: How do I defend against my lender?