Twitter Counter

Northeast Ohio Short Sales: Why Lenders Back Off When Threatened With Bankruptcy

Northeast OH – Bankruptcy is one of the scariest words a lender can hear. A bankruptcy filing can stall their ability to foreclose by 6 months, and sometimes as long as a year.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

The lenders know that most bankruptcies . . . → Read More: Northeast Ohio Short Sales: Why Lenders Back Off When Threatened With Bankruptcy

US Bankruptcies just reached a 5 year high

Northeast OH – According to data from the National Bankruptcy Research Center, US bankruptcies have reached a 5 year high.

The last record was set in 2005. That record was set because bankruptcy laws were being tightened up and people wanted to file before the laws changed.

(The big banks had convinced congress to . . . → Read More: US Bankruptcies just reached a 5 year high