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By CarlOrbase, on February 7th, 2012%
Westlake OH – Despite the fact that the Cooperative short sale may help the borrower leave the home without some of the negative aspects of a foreclosure, it has its drawbacks that you may need to consider before you decide to explore this option. Below are some of the drawbacks:
Click here to discover . . . → Read More: Northeast OH Short Sales: Drawbacks To Bank Of America’s New Short Sale Program
By CarlOrbase, on February 7th, 2012%
Westlake OH – A cooperative short sale may be a good option depending on your situation.
But, you need to remember that Banks are not in the business of making life easier for its customers, much less anyone trying a short sale.
Click here to discover how other sellers successfully did a short sale . . . → Read More: Northeast OH Short Sales: Why Bank Of America Is Offering A New Short Sale Program
By CarlOrbase, on February 7th, 2012%
Westlake OH – Bank of America’s Cooperative Short Sale makes the entire short sale process easier for everyone involved.
The bank has rolled this out because a short sale reduces their losses compared to a foreclosure. A short sale is quicker than a foreclosure and it doesn’t tarnish the bank’s reputation as much as . . . → Read More: Northeast OH Short Sales: Benefits of Bank of America’s New Short Sale Program
By CarlOrbase, on February 6th, 2012%
Westlake OH – Homeowners who would prefer to get out from underwater may prefer to do a short sale compared to a loan modification.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
A short sale means the bank will accept a reduced payoff and release the loan. . . . → Read More: Northeast OH Short Sales: Why Might a Short Sale Be Preferred Over a Loan Modification?
By CarlOrbase, on January 31st, 2012%
Northeast OH– When I interview sellers who want to short sale in my area, I ask them to describe their hardship.
Agents who do a lot of short sales can sometimes become a little insensitive because we are focused on the statistics. For instance, when a seller says she is getting divorced, it’s possible . . . → Read More: Northeast OH Short Sales: The Basics Behind a Hardship Letter
By CarlOrbase, on January 30th, 2012%
Westlake OH – Many people think a hardship is mainly based on financial matters and that is not necessarily the case.
Anything that makes it difficult for you to keep on making a mortgage payment might qualify to be a hardship.
Click here to discover how other sellers successfully did a short sale and . . . → Read More: What Constitutes A Hardship On A Northeast OH Short Sale?
By CarlOrbase, on January 30th, 2012%
Northeast OH– The Stop Foreclosure Institute recently received a question from John. Here was his question.
“I am current on my mortgage with X Bank (one of the top 4 US banks.) However, I would like to short sale and move for my new job.
I am current on my mortgage. Will my lender . . . → Read More: Northeast OH Short Sale Question: I am current on my mortgage; will my lender consider a Short Sale?
By CarlOrbase, on January 24th, 2012%
Northeast OH – With a forbearance agreement, your bank agrees to hold back on its legal right to exercise foreclosure on you. They do this by coming up with a plan to bring you current on your mortgage payments after giving you some kind of a breather period.
Click here to discover how other sellers . . . → Read More: Northeast OH Short Sales: How To Keep Your Home With A Forbearance Agreement
By CarlOrbase, on January 23rd, 2012%
Northeast OH – Unfortunately, lenders do not always agree to loan modifications. That’s why when you decide to explore this option you need to get all the information you can on the subject.
Lenders call the loan modification process “Loss Mitigation.” Loss mitigation is the act of lessening the lender’s losses whether they approve a . . . → Read More: Northeast OH Short Sale Question: Do Lenders Always Agree To Loan Modification Requests?
By CarlOrbase, on January 23rd, 2012%
Northeast OH – You may be in a situation where your income dropped for a few months and then went back to normal.
During that time period, your got behind on your mortgage and other payments. Don’t worry, this isn’t a doom and gloom problem.
Click here to discover how other sellers successfully did a . . . → Read More: NNortheast OH Short Sale Question: I Had A Temporary Income Problem. Do I Still Need To Sell My Home?
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