Real Estate Westlake, Elyria, Avon, Ridgeville, OH

Westlake Short Sales: What is a HUD-1 and why does it matter on a short sale? Elyria OH –   Here is something that drives inexperienced short sale agents crazy. It is a HUD-1, also called a HUD. HUD is the Federal Agency, the Department of Housing & Urban Development, also called HUD. A HUD-1 is a document regulated by HUD. It ...

Request a FREE list.   Over 240 Foreclosed and Pre-Foreclosure homes in Lorain County priced from $10,000 to $575,000.  .  .No Obligation.  Distressed Sellers of Lorain County Need to Sell All Prices in Lorain CoForeclosed Homes, Bank Owned homes, Short Sales – Some Great Bargains!See them all. Stay ...

Westlake OH – Some buyers think that since it is a buyer's market, then they can make any crazy demand of a seller. And they can't understand when the seller isn't excited by their lowball offer.   Here is an example of a recent story where this happened. A buyer makes an offer on a short sale.  1. The buyer ...

Westlake Short Sales: What is a BPO?   Elyria OH – If you have been reading about short sales, then you have probably heard the term "BPO" and wondered what it meant. BPO stands for Broker's Price Opinion. A Broker's Price Opinion is when a licensed real estate agent gives their opinion of the value of a property. ...

Elyria OH – The Stop Foreclosure Institute recently received a question from Luis. Here is Luis's Question. "I am working on a loan modification on my home. I just don’t want to be upside down and want a fair interest rate. Why should I pay on a mortgage that is twice as much as my home is worth, plus the interest on that ...

Elyria OH – We often get asked if a short sale is even worth the effort. “Do I need to have my short sale “Approved” by my lender before I put my home on the market?” one seller asked us. “When I called my lender they wouldn’t talk to me about my short sale. I am concerned that they might do that when I ...

Elyria OH – Short Sales can be frustrating. It can take a long time for the lender to process everything and finally give the buyer an answer on their offer. Oftentimes, by the time the lender makes a decision, the buyer has gotten impatient and moved on to another property. Most lender short sale departments are overworked. That is why ...

Desperate Lenders Will Accept Any Offer?   Elyria OH – Have you heard the following myths about short sales? Myth #1: You can buy short sales for dirt cheap and then turn around and resell them for a profit. Myth #2: Foreclosures, Short Sales, and Bank Owned Homes can be bought for 30 to 50 cents on the dollar with no money ...

Elyria OH – A home owner thinking of a short sale recently asked us why they should short sale versus just walking away and letting their lender foreclose on the home. We gave them the normal answer: “It’s much better for your credit.” That was the first thing that popped into our head.   But, I knew there ...

Westlake Short Sales: Why Should I Short Sale? Westlake OH – We often get asked if a short sale is even worth the effort. “Why don’t I just let the bank have the property”, sellers tell us. “I don’t ever think I’ll be able to fix my credit to be able to buy another house.” Discover how other ...