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Northeast OH Short Sales: Is Renting or Buying Back a Short Sale Mortgage Fraud?

Northeast OH – In many cases, short selling your home and then renting or buying it back is considered mortgage fraud. Because loan modifications are so difficult many homeowners are considering selling their home and then renting it from the new owner.

Many homeowners look at this as the best way to get their . . . → Read More: Northeast OH Short Sales: Is Renting or Buying Back a Short Sale Mortgage Fraud?

North Eastern Ohio Loan modification light at the end of the tunnel

North Eastern Ohio- The recent news about robo-signers, although embarrassing for fatty lender execs could be fantastic news for burdened homeowners.

If you haven’t noticed the nationwide avalanche of news items and blog posts and discussion about the robo-signers, then here is a synopsis of what is happening. Essentially lenders have been ignoring state . . . → Read More: North Eastern Ohio Loan modification and and options are prime with Robo-signer debacle

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