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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

How To Get Your Finances Back On Track After A Northeast OH Short Sale. Buy Rental Property

Northeast OH – Buying a rental property can be an excellent long term investment. Some of the wealthiest people I know made their millions from rental properties.

They started with a house and gradually moved up to apartment complexes. But, does it make sense for everyone?

Click here to discover how other sellers successfully . . . → Read More: How To Get Your Finances Back On Track After A Northeast OH Short Sale. Buy Rental Property

Northeast OH Short Sales: How Supposedly Smart Bankers Lose Money

Northeast OH – Many bankers have fancy degrees earned studying for 4-6 years on how to make smart financial decisions. They have studied economics, finance, and other sophisticated financial subjects.

They understand amortization, arbitrage, and other financial subjects that only smart financial people understand.

Click here to discover how other sellers successfully did a . . . → Read More: Northeast OH Short Sales: How Supposedly Smart Bankers Lose Money

A Good Example Of When A Northeast OH Short Sale Would Make Life Easier

Northeast OH – The Stop Foreclosure Institute recently received a question from Richard. “I accepted a job transfer and had to move. Unfortunately we were upside down on the house.

I decided to rent it out rather than short sale it. The renters just moved out. I just checked the house. They trashed it!

. . . → Read More: A Good Example Of When A Northeast OH Short Sale Would Make Life Easier

Northeast OH Short Sales: Even With The Tight Rental Market It Is Still Often Cheaper To Short Sale And Rent

Northeast OH – In most areas the rental market is very tight. Rental prices have been increasing because so many people are losing their home to foreclosure.

But, what is still surprising is that in most cases it is still cheaper to rent than own an upside down home. See, home prices have dropped . . . → Read More: Northeast OH Short Sales: Even With The Tight Rental Market It Is Still Often Cheaper To Short Sale And Rent

Northeast OH Short Sales: Some of the Stupid Things Banks Do On Short Sales

Northeast OH – I have something shocking to tell you. Bankers are not as smart as you or I think they are. You know the “perfect banker” that we meet in public.

The person has never missed a payment, never been late, and has always had a bunch of savings in the bank. They . . . → Read More: Northeast OH Short Sales: Some of the Stupid Things Banks Do On Short Sales

Northeast OH Short Sales: Why The Lack of Accountability Has Hurt The Housing Market & US Economy

Northeast OH – The National Consumer Law Center wrote a White Paper on how banks handle loan modifications, short sales and foreclosures.

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

They titles their White Paper “Why Servicers Foreclose When They Should Modify and Other Puzzles of Servicer . . . → Read More: Northeast OH Short Sales: Why The Lack of Accountability Has Hurt The Housing Market & US Economy

60 Minutes and The Housing Market – How Does Short Sales in Northeast OH Fit In?

Northeast OH– Very few people disagree that banks are not handling the housing crisis properly. Why is it so hard to get a reasonable loan modification?

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

Pollution is defined as the following by Wikipedia: “Pollution can be a simple . . . → Read More: 60 Minutes and The Housing Market – How Does Short Sales in Northeast OH Fit In?

Northeast OH Short Sale Question: Can My Lender Force Me To Repay Them?

Northeast OH – A lot of homeowners want to short sale and walk away from the upside down debt. They don’t feel that it is their fault the housing market crashed.

We get the following questions a lot.

“If I short sale, then how likely is it that my lender will sue me to . . . → Read More: Northeast OH Short Sale Question: Can My Lender Force Me To Repay Them?

Northeast OH Short Sale Question: Should I Short Sale My Rental?

Northeast OH – The Stop Foreclosure Institute recently received a question from Ryan. Here was Ryan’s question.

“I own a rental house. When I bought it, the rent covered the mortgage and all the other payments. However, rental rates have declined in my area and the rent no longer covers the mortgage.

Besides that, . . . → Read More: Northeast OH Short Sale Question: Should I Short Sale My Rental?