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Northeast OH Short Sales: How Does A Deed In Lieu Affect My Credit?

Northeast OH – The Stop Foreclosure Institute recently received a question from Jon. Here was his question.

“I am behind on my payments and my bank recently started the foreclosure process. I received something in the mail about a “deed in lieu of foreclosure.” What is that and how does it affect my credit? . . . → Read More: Northeast OH Short Sales: How Does A Deed In Lieu Affect My Credit?

Northeast OH Short Sales: Drawbacks To Bank Of America's New Short Sale Program

Northeast OH – Despite the fact that the Cooperative short sale may help the borrower leave the home without some of the negative aspects of a foreclosure, it has its drawbacks that you may need to consider before you decide to explore this option. Below are some of the drawbacks:

Click here to discover . . . → Read More: Northeast OH Short Sales: Drawbacks To Bank Of America’s New Short Sale Program

Fannie Mae and Freddie Mac have their own version of HAFA

Need to do a Fannie Mae short sale on your Rocky River Ohio home? Call 216-324-6637.

Deadline for HAFA compliance for both Freddie Mac and Fannie Mae servicers is August, 1st 2010.

America’s favorite Government Sponsored Enterprises (GSE)Fannie Mae and Freddie Mac recently announced their own version of Home Affordable Foreclosure . . . → Read More: Fannie Mae and Freddie Mac have their own version of HAFA