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Northeast Ohio Short Sales: How to strong arm your lender on a short sale

Northeast OH – Here is a technique you can use to “strong arm” you’re your lender on your short sale. The number one reason people short sale is to salvage their credit.

After all, a short sale has much less of an impact on your credit than a foreclosure. Despite all this, banks still . . . → Read More: Northeast Ohio Short Sales: How to strong arm your lender on a short sale

Northeast Ohio Short Sales: How To Convince A Lender To Waive A Promissory Note

Northeast OH – Some lenders are very stubborn about collecting what they feel they are “rightfully owed.”

These lenders are usually a lender that you originally got the loan from. A good example is a credit union loan, or a small community bank.

Another common type is loans that were granted with Private . . . → Read More: Northeast Ohio Short Sales: How To Convince A Lender To Waive A Promissory Note

Northeast OH Short Sales: Can I Short Sale Investment Property Without A Deficiency?

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

“I am a California Resident but have 3 distressed Florida Properties pending foreclosure. Under Florida law a creditor cannot garnish wages. Will investor pursue deficiency? If yes, will they follow FL or CA law? Thanks, Phil.”

. . . → Read More: Northeast OH Short Sales: Can I Short Sale Investment Property Without A Deficiency?

Northeast Ohio Short Sales: Debt Collector Calls - How Can I Stop The Harassment?

Northeast OH – Many of the short sale sellers we help are selling their home to avoid foreclosure. In addition, they are receiving lots of harassing calls from debt collectors.

These debt collectors seem to think that if you call someone with no extra money, then you can still get them to pay. Here . . . → Read More: Northeast Ohio Short Sales: Debt Collector Calls – How Can I Stop The Harassment?

Should I reaffirm my mortgage after bankruptcy- letter of affirmation

I recieved the following question: I have been working with my mortgage company since 6/2009 on home modification. In 9/2009 I received a letter stating I was approved for the modification and should receive the solution package in 5-7 bus. days. I never received it and after hundreds of calls to the Mortgage company I received a letter on 12/17/09 stating I was denied and in default of over 12,000.00 & facing foreclosure. I started Chapter 7 Bankruptcy and now mortgage company is telling me they can complete the modification if my lawyer sends them a letter of affirmation. I have no idea what this means or what to do.> . . . → Read More: Should I reaffirm my mortgage after bankruptcy- letter of affirmation