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Three Ways To Reduce Your Northeast OH Short Sale Deficiency

Northeast OH – No one wants a deficiency on a short sale. It’s not your fault the housing market crashed. In fact, some people say that the banks and Wall Street are what caused the crash.

Get my Free, Step By Step Loan Modification Guide by clicking here.

Here are four ways that you . . . → Read More: Three Ways To Reduce Your Northeast OH Short Sale Deficiency

Three Ways To Reduce Your Northeast OH Short Sale Deficiency

Northeast OH – No one wants a deficiency on a short sale. It’s not your fault the housing market crashed. In fact, some people say that the banks and Wall Street are what caused the crash.

Get my Free, Step By Step Loan Modification Guide by clicking here.

 

Here are four ways . . . → Read More: Three Ways To Reduce Your Northeast OH Short Sale Deficiency

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

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

Should I reaffirm my mortgage after bankruptcy- letter of affirmation

I recieved the following question: I have been working with my mortgage company since 6/2009 on home modification. In 9/2009 I received a letter stating I was approved for the modification and should receive the solution package in 5-7 bus. days. I never received it and after hundreds of calls to the Mortgage company I received a letter on 12/17/09 stating I was denied and in default of over 12,000.00 & facing foreclosure. I started Chapter 7 Bankruptcy and now mortgage company is telling me they can complete the modification if my lawyer sends them a letter of affirmation. I have no idea what this means or what to do.> . . . → Read More: Should I reaffirm my mortgage after bankruptcy- letter of affirmation

Bankruptcy fails as foreclosure rescue – cleveland.com

I have written before about bankruptcy and it’s effects on foreclosure in other blog posts.  On cleveland.com I found an interesting article: Bankruptcy fails as foreclosure rescue.

Bankruptcy does have it’s uses in helping people dealing with foreclosure but practically speaking it will never be a foreclosure rescue.  However it has been an excellent . . . → Read More: Bankruptcy fails as foreclosure rescue – cleveland.com