Twitter Counter

Do Banks Want To Do Northeast OH Short Sales?

Northeast OH – The Stop Foreclosure Institute recently received an email from Elaina. Here is what she had to say.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

“Hi, I am a Real Estate Agent. You have some good information on short sales. But, is it written . . . → Read More: Do Banks Want To Do Northeast OH Short Sales?

Northeast OH Short Sales: How Can I Get An Answer On My Offer?

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

“I made an offer to buy a short sale about 4 months ago. I have heard nothing except that they are going to re-submit the short sale paperwork to the lender.

I am very frustrated. Is there . . . → Read More: Northeast OH Short Sales: How Can I Get An Answer On My Offer?

Northeast OH Short Sales: So How Does The Mortgage Forgiveness Debt Relief Act Help You?

Northeast OH – In our last blog post we explained that the Mortgage Forgiveness Debt Relief Act does not automatically release you from your mortgage debt after a short sale.

So, what does this law cover? What does it do? I’ll answer that question today.

Click here to discover how other sellers successfully did . . . → Read More: Northeast OH Short Sales: So How Does The Mortgage Forgiveness Debt Relief Act Help You?

Northeast OH Short Sale Help: Having Financial Problems? Tell Debt Collectors To "Get Lost"

Northeast OH – Most of the short sale sellers that we help are selling this home because of financial problems. They can’t afford the payments and sell their home to avoid foreclosure.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Because of this I am very familiar . . . → Read More: Northeast OH Short Sale Help: Having Financial Problems? Tell Debt Collectors To “Get Lost”

Northeast OH Short Sale Myth: The Mortgage Forgiveness Law Means That Everyone Gets To Short Sale With No Deficiency

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

Northeast OH Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender

Northeast OH – Thinking about a loan modification. If you can afford to, then order an appraisal. Or, do your own appraisal.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Ask your realtor “Hey, what are houses in my area selling for?” I’ve seen people who bought . . . → Read More: Northeast OH Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender

Yes, I Do Think A Northeast OH Loan Modification Is The right Thing To Do

Northeast OH – I received a note the other day from Andrew. He was upset that I would tell people that are upside down on their house to ask for a principal reduction from their lender. Here was his email.

Click here to discover how other sellers successfully did a short sale and avoided . . . → Read More: Yes, I Do Think A Northeast OH Loan Modification Is The right Thing To Do

Another Example Of Just How Lousy A Northeast OH Loan Modification Is For You

Northeast OH – Are you pulling your hair out trying to convince your lender to reduce the amount you owe on your home?

People have a hard time grasping how difficult it is to get a loan modification that is fair. These banks just do everything they can to squeeze homeowners for as much . . . → Read More: Another Example Of Just How Lousy A Northeast OH Loan Modification Is For You

Why A Northeast OH Short Sale Is The Best Alternative To Get Out From Under An Upside Down Mortgage

Northeast OH – Are you upside down on your mortgage? Try this. Sit down and run the numbers. How much will your upside down mortgage cost you over the next 30 years?

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Let’s say a homeowner bought a house . . . → Read More: Why A Northeast OH Short Sale Is The Best Alternative To Get Out From Under An Upside Down Mortgage

A Seventh Common Northeast OH Short Sale Myth: Banks Want The Homes To Be Priced Reasonably

Northeast OH – I’m writing a series in response to a number of big misconceptions I saw on a personal finance website online.

We are on our final myth from what I saw in an article about short sales on a popular personal finance website. The writer claimed that in order for your home . . . → Read More: A Seventh Common Northeast OH Short Sale Myth: Banks Want The Homes To Be Priced Reasonably