Deficiencies « North East Ohio Stop Foreclosure Foundation

Northeast OH Short Sale Help: Another short sale almost killed by lender incompetence

By CarlOrbase, on January 16th, 2012%

Northeast OH – We have seen many instances where a short sale that should have been approved was denied. If your short sale realtor doesn’t know what they are doing, then you might get stuck with a promissory note that you don’t deserve.

Click here to discover how other sellers successfully did a short sale . . . → Read More: Northeast OH Short Sale Help: Another short sale almost killed by lender incompetence

Northeast OH Short Sales: Why Won’t My Lender Allow Me To Walk Away With No Deficiency?

By CarlOrbase, on November 14th, 2011%

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

“We are in the middle of a very long negotiation with a large national lender.

I had my agent put a clause into the contract stating “upon approval of short sale by sellers’ lender, lenders, & or . . . → Read More: Northeast OH Short Sales: Why Won’t My Lender Allow Me To Walk Away With No Deficiency?

Northeast OH Short Sale Question About Deficiencies

By CarlOrbase, on November 3rd, 2011%

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

“I just got an approval from a large national lender this morning and the approval letter stated the following: “Promissory Note of 0.00.” What does a Promissory Note of 0.00 imply?

It shows the promissory note of . . . → Read More: Northeast OH Short Sale Question About Deficiencies

Northeast OH Short Sales: Why Is This Lender Lying To This Homeowner?

By CarlOrbase, on October 12th, 2011%

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

“My lender ******** Bank verbally told me that my short sale was approved. However, now they are now telling me that Fannie Mae did not approve the sale.

They gave me an option to pay $3,000 upfront . . . → Read More: Northeast OH Short Sales: Why Is This Lender Lying To This Homeowner?

Northeast OH Short Sale: Are The Banks Lying To Uncle Sam

By CarlOrbase, on July 22nd, 2011%

Northeast OH – The Stop Foreclosure Institute recently received an e-mail from another real estate agent. They were asking for our advice on a short sale.

They accused a large, national lender (one of the 4 largest in America) of lying to Fannie Mae. Fannie Mae is almost a subsidiary of the Federal Government.

Northeast OH Short Sales: Does Fannie Mae Pursue Deficiencies?

By CarlOrbase, on July 16th, 2011%

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

“We are doing a short sale with one of the largest nationwide banks. I told them I wouldn’t do the short sale unless they specifically changed their short sale approval letter to completely release me from the . . . → Read More: Northeast OH Short Sales: Does Fannie Mae Pursue Deficiencies?

Northeast Ohio Short Sales: This Short Sale Negotiator Isn't Doing His Job

By CynthiaPistorino, on March 14th, 2011%

Northeast OH – Here is a question that the Stop Foreclosure Institute recently received. “I am in the middle of a very long negotiation with Chase.

The seller had me to put a clause into the contract stating “upon approval of short sale by sellers’ lender, lenders, & or affiliates, client, or heirs . . . → Read More: Northeast Ohio Short Sales: This Short Sale Negotiator Isn’t Doing His Job

Northeast Ohio Short Sales: I Have Mortgage Insurance. Won't That Cover The Deficiency?

By admin, on February 15th, 2011%

Northeast OH – The Stop Foreclosure Institute recently received a question from Max. Here is Max’s Question.

“If I pay mortgage insurance and default on my loan, why wouldn’t that cover the deficiency amount? Max.”

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Here is the . . . → Read More: Northeast Ohio Short Sales: I Have Mortgage Insurance. Won’t That Cover The Deficiency?

Northeast OH Short Sales: Can I Short Sale Investment Property Without A Deficiency?

By admin, on January 19th, 2011%

Northeast OH – The Stop Foreclosure Institute recently received a question from Phil. Here is Phil’s Question.

“I am a California Resident but have 3 distressed Florida Properties pending foreclosure. Under Florida law a creditor cannot garnish wages. Will investor pursue deficiency? If yes, will they follow FL or CA law? Thanks, Phil.”

Live in your house for free?

By admin, on February 12th, 2010%

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?

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©2009 Andy Morris All Rights Reserved. By entering your email address you are also requesting and agreeing to subscribe to our free email newsletter. Andrew W. Morris is a licensed real estate broker with the State of Ohio (BRK.2008004009). Realty Trust Services, LLC is registered with the State of Ohio as a real estate company (REC.2009001863). Andy Morris, Realty Trust Services, Stop Foreclosure Foundation and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorsed by the government or your lender.

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