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Are Northeast OH Short Sales Really A Nightmare?

Northeast OH – I read a blog post by another agent the other day. He had a long story about a short sale that he worked on that was so difficult. He said the lender sent him a form on Friday.

On Friday afternoon they demanded that he send them back a form signed . . . → Read More: Are Northeast OH Short Sales Really A Nightmare?

One Lender That Is Fun To Work With On Northeast OH Short Sales

Northeast OH – We recently closed another short sale. This short sale lender was so much more fund to work with than most lenders. The loan was owned by Household Finance, which is a division of the international lender HSBC.

We were assigned a short sale negotiator about 30 days after we submitted the . . . → Read More: One Lender That Is Fun To Work With On Northeast OH Short Sales

Northeast OH Short Sales: So How Does The Mortgage Forgiveness Debt Relief Act Help You?

Northeast OH – In our last blog post we explained that the Mortgage Forgiveness Debt Relief Act does not automatically release you from your mortgage debt after a short sale.

So, what does this law cover? What does it do? I’ll answer that question today.

Click here to discover how other sellers successfully did . . . → Read More: Northeast OH Short Sales: So How Does The Mortgage Forgiveness Debt Relief Act Help You?

ANortheast OH Short Sales: Why Do So Many Loan Modifications Fail?

Northeast OH – Everyone who has every tried to negotiate a loan modification with their lender has been frustrated with the process.

We hear the following comments from frustrated homeowners all the time. “Why won’t they work with me?” I want to keep my home and pay them a reasonable payment. My home . . . → Read More: Northeast OH Short Sales: Why Do So Many Loan Modifications Fail?

Northeast OH Short Sales: Why The Lack of Accountability Has Hurt The Housing Market & US Economy

Northeast OH – The National Consumer Law Center wrote a White Paper on how banks handle loan modifications, short sales and foreclosures.

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

They titles their White Paper “Why Servicers Foreclose When They Should Modify and Other Puzzles of Servicer . . . → Read More: Northeast OH Short Sales: Why The Lack of Accountability Has Hurt The Housing Market & US Economy

Northeast OH Short Sales: How To Find Out Who Owns The Loan So You Can Hold Your Bank Accountable

Northeast OH – In our last post, we talked about how you could contact the entity that owns a loan. But, some people were wondering how they could find out who owned their loan.

“I thought ABC Bank owned my loan. I send them a payment every month”, they told us. Well, here is . . . → Read More: Northeast OH Short Sales: How To Find Out Who Owns The Loan So You Can Hold Your Bank Accountable

Northeast OH Short Sales: How To Hold Your Bank Accountable

Northeast OH – In our last post, we ranted about how the bankers do a lousy, incompetent job on short sale and loan modification negotiations.

Here is how you can avoid suffering under their incompetence. The key is to hold your bank accountable. Here’s how to do that.

Click here to discover how other . . . → Read More: Northeast OH Short Sales: How To Hold Your Bank Accountable

I Sent Everyone In Congress A Fax About Northeast OH Short Sales

Northeast OH – A large national bank did a lousy job on a short sale file. We waited 90 days for an answer on an offer. The buyer got impatient and walked.

We had a backup buyer. But, instead of reviewing the new offer, the short sale negotiator closed the file. The owner of . . . → Read More: I Sent Everyone In Congress A Fax About Northeast OH Short Sales

Why Be Responsible When You Can Get A Bailout?

Northeast OH – Why does a British Bank do a better job than the American Banks?

We have always liked short sales with HSBC. They respond promptly and are easy to work with. The bottom line is that they do a solid, competent job handling short sales and loan modification.

I think the reason . . . → Read More: Why Be Responsible When You Can Get A Bailout?

Northeast OH Short Sale Question: How Is Short Selling A Rental Different From Your Personal House?

Northeast OH – The Stop Foreclosure Institute recently received a question from Brett. Here was Brett’s question.

“How is the short sale process different for a homeowner versus a rental property? Is the owner of a rental property more likely to have a deficiency judgment and/or be taxed on the deficiency than a someone . . . → Read More: Northeast OH Short Sale Question: How Is Short Selling A Rental Different From Your Personal House?