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Northeast OH Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender

Northeast OH – Thinking about a loan modification. If you can afford to, then order an appraisal. Or, do your own appraisal.

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

Ask your realtor “Hey, what are houses in my area selling for?” I’ve seen people who bought . . . → Read More: Northeast OH Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender

Northeast OH Short Sales: How Supposedly Smart Bankers Lose Money

Northeast OH – Many bankers have fancy degrees earned studying for 4-6 years on how to make smart financial decisions. They have studied economics, finance, and other sophisticated financial subjects.

They understand amortization, arbitrage, and other financial subjects that only smart financial people understand.

Click here to discover how other sellers successfully did a . . . → Read More: Northeast OH Short Sales: How Supposedly Smart Bankers Lose Money

The Second Step In Fixing The Flawed Northeast OH Short Sale Process

Northeast OH – In our last post, we agreed that the first step in fixing the flawed short sale process is to acknowledge what the problem is.

We agreed that the problem is that the lenders and investors are losing billions on defaulted loans.

In addition, American Homeowners are losing billions on declining home . . . → Read More: The Second Step In Fixing The Flawed Northeast OH Short Sale Process

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

Wells Fargo picks and prays re pick and pays

The Wall Street Journal had on article here about Wells Fargo’s loan modification strategy for it’s portfolio of negative amortization “pick a pay” loans which allowed owners to make interest only payments or even less while the balance would grow and while equity has shrunk… especially in this market.  Wells Fargo has nearly $107 . . . → Read More: Wells Fargo picks and prays re pick and pays