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Northeast OH Short Sale Question: Do Lenders Always Agree To Loan Modification Requests?

Northeast OH – Unfortunately, lenders do not always agree to loan modifications. That’s why when you decide to explore this option you need to get all the information you can on the subject.

Lenders call the loan modification process “Loss Mitigation.” Loss mitigation is the act of lessening the lender’s losses whether they approve a . . . → Read More: Northeast OH Short Sale Question: Do Lenders Always Agree To Loan Modification Requests?

Northeast OH Short Sale: I’m having a hard time negotiating with a HELOC

 

 

“What is your experience with Chase Heloc’s? I have a HELOC that is a 2nd mortgage. Citi (the 1st) will give them 6% or approximately $3000. Chase’s collection agency is saying that they want 30% ($30,000.)

They won’t budge. They want this in CASH, not as a promissory note (in case . . . → Read More: Northeast OH Short Sale: I’m having a hard time negotiating with a HELOC

Seven Ways You Benefit From A Northeast Ohio Short Sale

Northeast OH – A home owner thinking of a short sale recently asked us why they should short sale versus just walking away and letting their lender foreclose on the home. We gave them the normal answer: “It’s much better for your credit.”

That was the first thing that popped into our head. But, . . . → Read More: Seven Ways You Benefit From A Northeast Ohio Short Sale

Northeast OH Short Sales: I Don’t Have A Normal Hardship. Is a Short Sale still an Option?

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

“I own a condo in Hackensack, New Jersey. I purchased in 2007, pre-construction for $375k and have a mortgage balance of $337k.

I have been trying to sell my unit for upwards of 2 years with . . . → Read More: Northeast OH Short Sales: I Don’t Have A Normal Hardship. Is a Short Sale still an Option?

Northeast OhioShort Sales: What options do we have if getting divorced and neither can afford?

Northeast OH – If you are in this, or a similar situation, my advice would be that you sell the house. Now, if you are reading this blog, then you must be investigating a short sale.

Which means that you probably owe more than your home is worth. You have three options.

Option #1: . . . → Read More: Northeast Ohio Short Sales: What options do we have if getting divorced and neither can afford?

Wells Fargo short sale closed in Moreland Hills

This ends up being a huge service to this Moreland Hills Ohio short sale seller because he had significant retirement assets. The bank knew about this but we were still able to negotiate terms on the short sale letter completely releasing the seller from any future liability from the short sale deficiency. When you need to short sale your home make sure you work with an expert. It could mean huge money to you . . . → Read More: Another short sale closed in Moreland Hills

Selling on a short sale? Sell as is with us!

I just noticed this article at Florida today. It discusses the importance, especially in the market today… and even more when you are selling a luxury home… of making sure your home has all the updates and staging so that it meets the expectations of the buyers that are looking in that price range.

. . . → Read More: Selling on a short sale? Sell as is with us!