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Northeast OH Short Sale Question: I’m In A Jam With Two Mortgage Companies Fighting Over Money

Northeast OH – The Stop Foreclosure Institute recently received a question from another agent named Bonnie. Here was her question.

“On my short sale, the first mortgage gave me a price and a net they would allow. The title company put together the closing documents and paid the first more than the minimum net . . . → Read More: Northeast OH Short Sale Question: I’m In A Jam With Two Mortgage Companies Fighting Over Money

Northeast OH Short Sale Myth: There Are No Rules Or Guidelines For Short Sales

Northeast OH – I recently saw an article written by a prominent, so called short sale expert. In the article, this supposed expert says the only rules for short sales are HAFA, but even those rules are subject to interpretation.

That is like saying that there are no traffic laws. If that were the . . . → Read More: Northeast OH Short Sale Myth: There Are No Rules Or Guidelines For Short Sales

Northeast OH Short Sale Myth: Anyone Can Negotiate With The Lender

Northeast OH – Yes, many people think they can negotiate with the lender. But, some of them don’t have the skills necessary to be successful.

Here are a few of the things someone needs before they can negotiate a short sale.

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Northeast OH Short Sale Myth: Anyone Can Negotiate With The Lender

Northeast OH Short Sales: There Is A Surprise Lien On The Short Sale

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

“Do you have any suggestions on a surprise lien from a Water Softener company? We were able to get Bank of America to approve the short sale without paying the lien. It could take another 60 days . . . → Read More: Northeast OH Short Sales: There Is A Surprise Lien On The Short Sale

Northeast Ohio Short Sales: What is a BPO and why does it matter on a short sale?

Northeast OH – Some agents hate short sales. Why? Because they don’t understand them. So, don’t believe them when they tell you that short sales are impossible.

I will explain what causes their problems in today’s post.

There are two things you must understand if you are doing short sales. They are BPOs . . . → Read More: Northeast Ohio Short Sales: What is a BPO and why does it matter on a short sale?

Northeast Ohio Short Sales: What can go bad on a short sale when you hire an agent that doesn't understand short sales

Northeast OH – It always amazes me when I hear the stories of agents who talk about horrible short sales are. “Don’t waste your time on a short sale”, they tell homeowners.

“They are a waste of time. The lenders won’t approve them and the process is horrible. The last short sale I . . . → Read More: Northeast Ohio Short Sales: What can go bad on a short sale when you hire an agent that doesn’t understand short sales

Get Foreclosure Help From the Cleveland Fed?

I’m no fan of the Federal Reserve Bank. This institution in my mind is at least partially responsible for many of the financial problems we have today. However if they offer to help burdened consumers to the level that they follow through I am all for that. Not to mention that a privately owned company with nearly total authority over our economy with little accountability is always a bad thing. Especially if they control the economy that you live and work in. . . . → Read More: Get Foreclosure Help From the Cleveland Fed?

FHA program a Foreclosure Refinance? Think again...

I along with a lot of other short sale and foreclosure blogger have gotten little bit more than impatient with the programs that promise plenty but deliver little for folks in need. I have talked to many loan officers and asked them about the FHA foreclosure refinance programs that were supposedly out there. The feedback I have always gotten is yea they have those but they designed to never happen. . . . → Read More: FHA program a Foreclosure Refinance? Think again…

How do I defend against my lender?

FROM MY BLOG I RECIEVED THIS QUESTION:

Andy, I work with senior homeowners 62 or older that are facing foreclosure. I get the banks to reduce the principle balance and pay that off with a reverse mortgage. Most of my clients are on fixed incomes and can’t afford an attorney or mortgage audit. . . . → Read More: How do I defend against my lender?

Ohio Helping You Save Your Dream

Don’t give up hope. You need to get out and take some action. Whether you give me a call at 216-324-6637 or give Save The Dream A Call at 888-404-4674 or you read over the Save The Dream website. Take action. Arm your self with information and recruit an advocate. . . . → Read More: Ohio Helping You Save Your Dream