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How will a Northeast Ohio Short Sale or loan modification affect my credit score?

Northeast OH – How do foreclosures, loan modifications or short sales affect a credit score? Your credit score will be affected by late mortgage payments and a short sale.

However, there are 2 things that are considered horrible on your credit report. Those 2 are items are foreclosure and bankruptcy.

Discover how other sellers . . . → Read More: How will a Northeast Ohio Short Sale or loan modification affect my credit score?

Northeast Ohio Short Sales: A 2nd Common Loan Modification Trap

Northeast OH – Here is another common loan modification mistake that many homeowners make. They accept a very short term payment agreement that is not a loan modification.

They could have gotten a real modification, but settled for whatever the lender recommended to them. They settled for what is called forbearance. Here’s how it . . . → Read More: Northeast Ohio Short Sales: A 2nd Common Loan Modification Trap

Northeast Ohio Short Sales: Don't Fall Into The Most Common Loan Modification Trap

Northeast OH – Most homeowners negotiating a loan modification are not amazing negotiators. After all, it’s not every American’s job to be a great negotiator.

America is built on hard work and treating people fair. Most stores offer products at a good, fair price. The price is the price. If you don’t like . . . → Read More: Northeast Ohio Short Sales: Don’t Fall Into The Most Common Loan Modification Trap

Northeast Ohio Short Sales: Loan Modifications Are Tough

Northeast OH – Loan Modifications are tough. Lenders don’t want to reduce your payment or reduce the amount you owe.

It’s insane. Don’t even get me started on the topic of the nation’s courts being tilted in the favor of the big banks!

Most loan modifications end in failure because the banks are . . . → Read More: Northeast Ohio Short Sales: Loan Modifications Are Tough

6 Ways to Delay Foreclosure in North Eastern Ohio- Part Two of Two

If you are challenging your lender in court or launching an attack, you should look for an attorney with at least 5 years experience that will review the procedures with which you were sued and file answers to delay the foreclosure along with continuances. . . . → Read More: 6 Ways to Delay Foreclosure in North Eastern Ohio- Part Two of Two

Homeowners need to reach out for help and participate actively in their foreclosure defense…

Workers.com has a pertinent blog post here which I found (Coalition wins foreclosure victories).

I think it highlights number one the importance of homeowners searching out help.  In one example a homeowner battled along with Michigan Moratorium NOW! Coalition to Stop Foreclosures, Evictions and Utility Shutoffs and neighborhood activists to delay foreclosure and to . . . → Read More: Homeowners need to reach out for help and participate actively in their foreclosure defense…