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Northeast OH – I recently heard another so-called short sale expert say that the Federal Mortgage Forgiveness Debt Relief Act made it so that everyone gets to short sale with no deficiency The unfortunate news is that this is not true. In some state, state law forbids the lenders from attempting to collect from . . . → Read More: Northeast OH Short Sale Myth: The Mortgage Forgiveness Law Means That Everyone Gets To Short Sale With No Deficiency  Leave a comment  Cleveland short sales, Delay foreclosure, Forclosure options, Foreclosure defense, Loan modifications, short sale, Short sale help  Avoid Foreclosure, Debt Forgiveness, Debt Relief, Discover, E Mail, Expert, Federal Mortgage, Foreclosure, Free Consultation, Income Taxes, Lenders, Loan Modification, Mortgage Debt, Mortgage Law, Myth, Relief Act, Sad, Short Sale, Stop Foreclosure, Upside Down Northeast OH – The Stop Foreclosure Institute is closing another short sale tomorrow. The sellers had a job transfer out of state. They were short selling an FHA loan with a second mortgage. The short sale was fairly simple because FHA’s short sale guidelines. Click here to discover how other sellers successfully did a short . . . → Read More: Northeast OH Short Sales: How do I benefit from a Short Sale? Leave a comment Cleveland short sales, Forclosure options, Loan modifications, short sale, Short sale help Avoid Foreclosure, Debt Relief, Discover, Extra Money, Fannie Mae, Fha Guidelines, Fha Loan, Fha Mortgage, Financial Decision, First Mortgage, Foreclosure, Free Consultation, Home Equity Line, How Much Money, Loan Modification, Loan Mortgage, Mortgage Debt, Real Estate Agent, Relief Act, Second Mortgage, Short Sale, Stop Foreclosure, Tax Consequences, Title Company, Upside Down Northeast OH – This is one of the first questions potential short sale sellers ask us. “I heard of something called “forgiveness of debt income and that it is taxable. How does that work?” they ask. The following article is my personal opinion only. I recommend that you consult with a competent legal or . . . → Read More: Northeast Ohio Short Sales: Will A Short Sale Cost Me At Tax Time? 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 One comment bankruptcy Ace, Amp, Bankruptcy Mortgage, Chapter 7 Bankruptcy, Deal With The Devil, Debt Relief, Economy, Facing Foreclosure, File Bankruptcy, Gerbil Wheel, Lawyer, Legal Advice, Letter Of Affirmation, Losses, Mortgage After Bankruptcy, Mortgage Bankruptcy, Mortgage Company, Solution Package, What This Means, Wheel |
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