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Why Is My Bank Willing To Pay You To Short Sale My Northeast OH Home?

Northeast OH – The Stop Foreclosure Institute recently received a question from Samir. Here was his question.

“I am thinking about short selling my house. I’m just wondering how I can get someone to help me. I know that your website says that a short sale costs me nothing.

I just have a hard time understanding why my lender would pay you if they are losing money. Please explain that. Samir.”

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

Here was our answer to his question. We get paid because the bank benefits financial from a short sale. Yes, they are losing money. But, they are paying us because we are helping them cut their losses.

This is because they get to sell the house at today’s price, versus what it will be worth 6-12 months down the road. I just did a comparison and pulled up sold homes.

All of the homes were very similar. First, I looked up the average selling price per SQFT of homes that sold in 6-8 months ago. They sold for an average of $103 a SQFT.

Then, I pulled up houses in the same neighborhoods that sold after the bank had foreclosed on them. Those sales were in the last 2 months. They are sold for an average of $85 a SQFT.

These homes average 1,700 a SQFT. That means a 1,700 bank foreclosure sold for $30,600 less. Ouch! As you can see, a short sale realtor brings tremendous amount of value to the bank.

You also benefit. Your credit damage is reduced. You also, have a lower chance of being chased down for the bank’s losses. A short sale is a win – win for everyone involved. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at iandymorris@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (440) 348-5500

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Northeast OH loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Andy Morris.

Andy is a Real Estate Broker at Realty Trust Services.

Phone: (440) 348-5500 . iandymorris@gmail.com.

View My homes for sale at www.rtserve.com.

Andy Morris specializes in loan modification assistance and short sales in Northeast OH. Northeast OH Modification Help, Northeast OH Short Sales, Northeast OH Short Sale Realtor, Northeast OH Short Sales. Northeast OH Realtor, Northeast OH Stop Foreclosure, Northeast OH Foreclosure Prevention, Prevent Foreclosure Northeast OH, Northeast OH Foreclosure Defense, Northeast OH behind in Payments.

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