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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

6 ways to delay foreclosure in North Eastern Ohio Part One of Two

North Eastern Ohio Delay Foreclosure Method 1 – Bankruptcy is a kind of “ace in the hole” for delaying foreclosure. It happens in Federal court so it trumps any kind of local court action. It has even been used to stop a sheriff sale on the morning of the sheriff sale. Of course you should avoid living that dangerously. . . . → Read More: 6 ways to delay foreclosure in North Eastern Ohio Part One of Two

How do I defend against my lender?

FROM MY BLOG I RECIEVED THIS QUESTION:

Andy, I work with senior homeowners 62 or older that are facing foreclosure. I get the banks to reduce the principle balance and pay that off with a reverse mortgage. Most of my clients are on fixed incomes and can’t afford an attorney or mortgage audit. . . . → Read More: How do I defend against my lender?

New program: Keep your home lower your mortgage balance!

The Wall Street Journal and news outlets have released information on a new program to keep your home and lower your payments.

The full details have not been released but it is an overhaul of the HAMP program that will have some of the following options:

1. A new option in HAMP that allows . . . → Read More: New program: Keep your home lower your mortgage balance!

Live in your house for free?

This article discusses a plan by Citi to allow you to live in your home for free for up to 6 months before you just give back your home.  Their are some stipulations but it is quite a good deal and according to this news source they will actually waive the balance owed when . . . → Read More: Live in your house for free?

Will more foreclosures be auctioned?

In the past several years auctions have been a growing phenomenon in Ohio. A big reason is there are more motivated sellers then ever in this market and people are looking for new and creative ways to get their home sold. Also banks have increasing inventory that must be liquidated. A higher percentage of . . . → Read More: Will more foreclosures be auctioned?

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

Bank of America implements online short sale management (its about time)

The news of Bank of America implementing a new online short sale processing system was welcome on my ears. I see this as an opportunity for savvy internet professionals like my self along with my clients to take up some of the slack and get things organized and moving for them… do some of their home work so that they can process these quicker. We will see how it pans out. . . . → Read More: Bank of America implements online short sale management (its about time)