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6 Ways to Delay Foreclosure in North Eastern Ohio- Part Two of Two

If you are challenging your lender in court or launching an attack, you should look for an attorney with at least 5 years experience that will review the procedures with which you were sued and file answers to delay the foreclosure along with continuances. . . . → Read More: 6 Ways to Delay Foreclosure in North Eastern Ohio- Part Two of Two

6 ways to delay foreclosure in North Eastern Ohio Part One of Two

North Eastern Ohio Delay Foreclosure Method 1 – Bankruptcy is a kind of “ace in the hole” for delaying foreclosure. It happens in Federal court so it trumps any kind of local court action. It has even been used to stop a sheriff sale on the morning of the sheriff sale. Of course you should avoid living that dangerously. . . . → Read More: 6 ways to delay foreclosure in North Eastern Ohio Part One of Two

An old way of stopping foreclosure makes a comeback!

When times get hard people tighten their belts and look for alternative ways to make a little extra cash. People in foreclosure haven’t lost their homes yet, so a few of them are playing inn keeper by renting out rooms in their home to help make ends meet. . . . → Read More: An old way of stopping foreclosure makes a comeback!

More North Eastern Ohio Short Sale Help to come iAndyMorris.com move to MortgageRx.org

In case anybody wondered why they clicked on http://iAndyMorris.com and arrived at http://MortgageRx.org I have forwarded the http://iAndyMorris.com over in an effort to reach even more North Eastern Ohio Consumers suffering from a mortgage burden. . . . → Read More: More North Eastern Ohio Short Sale Help to come iAndyMorris.com move to MortgageRx.org

Lakewood OH Short Sale Closes

In spring of 2009 another agent referred me a listing in Lakewood, OH to sell on a short sale. The seller had lost her job and gotten a divorce. She got a new job but it was only minimum wage and not enough to maintain the $135,000 mortgage. The best offer available was an offer for $75,000. Washington Mutual delayed and lost our paperwork more 4 different times and several times arbitrarily turned down the offer. WaMU also went bankrupt and sold to Chase. After four months the buyer walked at the same time Chase was getting ready to accept our offer. . . . → Read More: Lakewood OH Short Sale Closes

Homeowners need to reach out for help and participate actively in their foreclosure defense…

Workers.com has a pertinent blog post here which I found (Coalition wins foreclosure victories).

I think it highlights number one the importance of homeowners searching out help.  In one example a homeowner battled along with Michigan Moratorium NOW! Coalition to Stop Foreclosures, Evictions and Utility Shutoffs and neighborhood activists to delay foreclosure and to . . . → Read More: Homeowners need to reach out for help and participate actively in their foreclosure defense…

Ohio cracks the whip on bank foreclosure filings

Dennis Murray (D-Sandusky) introduced House Bill (HB) 323 to Ohio’s House of Representatives. This bill on the draconian side for banks. It would require a brisk time line for banks to move a home from foreclosure court filing to bringing it to sheriff sale… if they don’t follow the time line apparently the lender will have the mortgage liens removed from the property and lose any rights to the proceeds of the sale of the property. . . . → Read More: Ohio cracks the whip on bank foreclosure filings

Short sales compared to existing home sales: Chart

This is an interesting chart for any one interested in short sales.  The orange line is represents existing home sales per month since 2007.  The blue line represents the percentage of all distressed properties that are short sales at each point.  Distressed properties are defined as properties with mortgages that are 90 days or . . . → Read More: Short sales compared to existing home sales: Chart

Short sale / Loan modification tip 197: Sue Your Lender

I saw this article appear in the New York Times.

States Are Pondering Fraud Suits Against Banks – DealBook Blog – NYTimes.com.

I mentioned in a recent article I commented on the fact that often times loan servicers have a higher incentive to foreclose than save borrowers and mortgage investors huge sums of money . . . → Read More: Short sale / Loan modification tip 197: Sue Your Lender

Get 15k check as reward for stealing a home in Cleveland

So if you buy a house for $150,000 house today you may get as much as a 15,000 dollar check back. That is in addition to any savings you… . . . → Read More: Get 15k check as reward for stealing a home in Cleveland