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Northeast OH Short Sales: A Short Sale Success Story

Northeast OH – Here is a success story about a short sale that the Stop Foreclosure Institute worked on. We recently closed this short sale and helped the seller avoid a big deficiency judgment.

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

Ed & Cathy bought their . . . → Read More: Northeast OH Short Sales: A Short Sale Success Story

It Isn't Likely Your Lender Will Collect Any More Money From You After A Northeast OH Short Sale

Northeast OH – Many homeowners considering a short sale are concerned about a deficiency. “Will I be forced to repay my bank for the $150,000 they lost”, they ask me.

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

The good news is that most homeowners are able . . . → Read More: It Isn’t Likely Your Lender Will Collect Any More Money From You After A Northeast OH Short Sale

Northeast OH Short Sales: Don't Be Afraid To Tell The Truth In Your Hardship Letter

Northeast OH – It is not a lot of fun to write a hardship letter. In fact, it can be depressing. Many people may not know how bad their lives have become until they reach a point of writing a hardship letter.

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Northeast OH Short Sales: Don’t Be Afraid To Tell The Truth In Your Hardship Letter

Northeast OH Short Sale Question: Should I Short Sale Or Declare Bankruptcy?

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

“I am upside down by $300,000 on my home. I want to move, but I am concerned about having that $300,000 debt chasing me for the rest of my life. A friend mentioned I could get it . . . → Read More: Northeast OH Short Sale Question: Should I Short Sale Or Declare Bankruptcy?

Northeast OH Short Sales: You Must Know When Short Selling Your Property

Northeast OH – We received some interesting and shocking news from another agent. They told us that lenders are are approving short sale and stating that they will allow the seller to walk away owing nothing.

However, after the short sale is complete, then they are resuming collection tactics to repay them on the . . . → Read More: Northeast OH Short Sales: You Must Know When Short Selling Your Property

Northeast OH Short Sale Question: Can My Lender Force Me To Repay Them?

Northeast OH – A lot of homeowners want to short sale and walk away from the upside down debt. They don’t feel that it is their fault the housing market crashed.

We get the following questions a lot.

“If I short sale, then how likely is it that my lender will sue me to . . . → Read More: Northeast OH Short Sale Question: Can My Lender Force Me To Repay Them?

Fixing Credit After A Northeast OH Short Sale Step 3: Rank Items In Order Of Importance

Northeast OH – The next step in going over your credit reports is to really rank the items being reported about you to find ones that are the most negative. Rank the negative items with the MOST negative ones given the lowest ranking.

Get my Free, Step By Step Loan Modification Guide by clicking . . . → Read More: Fixing Credit After A Northeast OH Short Sale Step 3: Rank Items In Order Of Importance

Fixing Credit After A Northeast OH Short Sale Step 3: Rank Items In Order Of Importance

Northeast OH – The next step in going over your credit reports is to really rank the items being reported about you to find ones that are the most negative. Rank the negative items with the MOST negative ones given the lowest ranking.

Get my Free, Step By Step Loan Modification Guide by clicking . . . → Read More: Fixing Credit After A Northeast OH Short Sale Step 3: Rank Items In Order Of Importance

Northeast OH Short Sales: My Ex Is Short Selling. What Can I Do?

Northeast OH – The Stop Foreclosure Institute recently received a question from Tom about short sales. Here was Tom’s Question.

“My Ex-wife decided to Short Sell our former house. Unfortunately we both signed the mortgage when we bought the house together. I think that means I am still liable for the debt.

She got . . . → Read More: Northeast OH Short Sales: My Ex Is Short Selling. What Can I Do?

Northeast OH Short Sale: I’m having a hard time negotiating with a HELOC

 

 

“What is your experience with Chase Heloc’s? I have a HELOC that is a 2nd mortgage. Citi (the 1st) will give them 6% or approximately $3000. Chase’s collection agency is saying that they want 30% ($30,000.)

They won’t budge. They want this in CASH, not as a promissory note (in case . . . → Read More: Northeast OH Short Sale: I’m having a hard time negotiating with a HELOC