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Northeast OH Short Sale Question: What Kind Of hardship Would My Lender Consider Legitimate?

Northeast OH– The type of hardship that your lender will consider legitimate depends on the mortgage company considering the Short Sale request.

In general, so long as the hardship is real & acceptable and the mortgage company believes the loan is likely to become delinquent. As a result, the Short Sale request will be . . . → Read More: Northeast OH Short Sale Question: What Kind Of hardship Would My Lender Consider Legitimate?

Northeast OH Short Sale Question: Is This Lender Lying To Me?

Northeast OH – The Stop Foreclosure Institute recently received this question from another agent. Here was her question.

“I was just told by the lender on a short sale that they will have to “close” the file because they buyer’s name changed. They said that due to Freddie & Fannie rules if the buyer’s . . . → Read More: Northeast OH Short Sale Question: Is This Lender Lying To Me?

How I Make The Northeast OH Short Sale Process Faster and Easier

Northeast OH – Here is a problem: Buyers don’t like short sales because of the uncertainty and the wait. How do we solve this problem?

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

During the short sale process, if the BPO gets completed and the bank won’t . . . → Read More: How I Make The Northeast OH Short Sale Process Faster and Easier

Northeast OH Short Sales: Why Won’t My Lender Allow Me To Walk Away With No Deficiency?

Northeast OH – The Stop Foreclosure Institute recently received a question from James. Here was his question.

“We are in the middle of a very long negotiation with a large national lender.

I had my agent put a clause into the contract stating “upon approval of short sale by sellers’ lender, lenders, & or . . . → Read More: Northeast OH Short Sales: Why Won’t My Lender Allow Me To Walk Away With No Deficiency?

Northeast OH Short Sales: Is this debt collector breaking federal law?

Northeast OH – I’ve seen lots people use illegal debt collection techniques to collect on unpaid bills or credit cards. For example, there are Federal Laws that regulate what a debt collector can do or say.

They aren’t allowed to threaten to sue you, but then not follow thru and actually file suit. To . . . → Read More: Northeast OH Short Sales: Is this debt collector breaking federal law?

Northeast Ohio Short Sales: This Short Sale Negotiator Isn't Doing His Job

Northeast OH – Here is a question that the Stop Foreclosure Institute recently received. “I am in the middle of a very long negotiation with Chase.

The seller had me to put a clause into the contract stating “upon approval of short sale by sellers’ lender, lenders, & or affiliates, client, or heirs . . . → Read More: Northeast Ohio Short Sales: This Short Sale Negotiator Isn’t Doing His Job

Northeast Ohio Short Sales: What is a HUD-1 and why does it matter on a short sale?

Northeast 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 is the financial accounting for a real estate sale. . . . → Read More: Northeast Ohio Short Sales: What is a HUD-1 and why does it matter on a short sale?

What you can expect during and after the Northeast Ohio Short Sale Process

Northeast OH – Here are a few things you should not be surprised to see crop up during the short sale process.

Unscruplous Debt Collection Tactics. If you are facing financial hardship, then paying credit cards and other unsecured debts is your lowest priority. An unsecured debt is a debt where they can’t take . . . → Read More: What you can expect during and after the Northeast Ohio Short Sale Process

Wells Fargo or Hells Fargo

LoanSafe.org or posted this video and it is hilarious unless you feel like you are going through Loan Modification hell.

Unfortunately the same scenario of faxing and refaxing  and refaxing and waiting on hold long periods of time only to get a rep in another country who can’t speak English and has no . . . → Read More: Wells Fargo or Hells Fargo

Short sale greed! FDIC INDYMAC ONEWEST GOLDMAN SACHS

The following is a nice little video describing some very the typical FDIC nepotism that is costing Americans massive amounts of money and is siphoning trillions directly into the pockets of the mega mega wealthy.

The good news is that if your bank is Onewest they do have a huge incentive to do a . . . → Read More: Short sale greed! FDIC INDYMAC ONEWEST GOLDMAN SACHS