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By CarlOrbase, on January 31st, 2012%
Northeast OH – It is not a lot of fun to write a hardship letter. In fact, it can be depressing. Many people may not know how bad their lives have become until they reach a point of writing a hardship letter.
Click here to discover how other sellers successfully did a short sale and . . . → Read More: Northeast OH Short Sales: Don’t Be Afraid To Tell The Truth In Your Hardship Letter
By CarlOrbase, on January 31st, 2012%
Northeast OH– When I interview sellers who want to short sale in my area, I ask them to describe their hardship.
Agents who do a lot of short sales can sometimes become a little insensitive because we are focused on the statistics. For instance, when a seller says she is getting divorced, it’s possible . . . → Read More: Northeast OH Short Sales: The Basics Behind a Hardship Letter
By CarlOrbase, on January 30th, 2012%
Westlake OH – Many people think a hardship is mainly based on financial matters and that is not necessarily the case.
Anything that makes it difficult for you to keep on making a mortgage payment might qualify to be a hardship.
Click here to discover how other sellers successfully did a short sale and . . . → Read More: What Constitutes A Hardship On A Northeast OH Short Sale?
By CarlOrbase, on January 30th, 2012%
Northeast OH– The Stop Foreclosure Institute recently received a question from John. Here was his question.
“I am current on my mortgage with X Bank (one of the top 4 US banks.) However, I would like to short sale and move for my new job.
I am current on my mortgage. Will my lender . . . → Read More: Northeast OH Short Sale Question: I am current on my mortgage; will my lender consider a Short Sale?
By CarlOrbase, on January 30th, 2012%
Northeast OH– The type of hardship that your lender will consider legitimate depends on the mortgage company considering the Short Sale request.
In general, so long as the hardship is real & acceptable and the mortgage company believes the loan is likely to become delinquent. As a result, the Short Sale request will be . . . → Read More: Northeast OH Short Sale Question: What Kind Of hardship Would My Lender Consider Legitimate?
By CarlOrbase, on January 24th, 2012%
Northeast OH – With a forbearance agreement, your bank agrees to hold back on its legal right to exercise foreclosure on you. They do this by coming up with a plan to bring you current on your mortgage payments after giving you some kind of a breather period.
Click here to discover how other sellers . . . → Read More: Northeast OH Short Sales: How To Keep Your Home With A Forbearance Agreement
By CarlOrbase, on January 23rd, 2012%
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?
By CarlOrbase, on January 23rd, 2012%
Northeast OH – You may be in a situation where your income dropped for a few months and then went back to normal.
During that time period, your got behind on your mortgage and other payments. Don’t worry, this isn’t a doom and gloom problem.
Click here to discover how other sellers successfully did a . . . → Read More: NNortheast OH Short Sale Question: I Had A Temporary Income Problem. Do I Still Need To Sell My Home?
By CarlOrbase, on January 23rd, 2012%
Northeast OH – A short sale is often viewed as the only alternative to foreclosure because it mitigates additional fees and costs to both the creditor and borrower.
By doing a short sale, you will retain some dignity in knowing that you sold your home and you will have no mortgage payments to make.
Click . . . → Read More: Northeast OH Short Sale Highlights
By CarlOrbase, on January 20th, 2012%
Northeast OH – A successful short sale helps the seller to avoid any credit damage that could be brought about by a foreclosure.
Such damage is not something to admire as it may take a minimum of seven years for someone before it goes off your credit report. That is why is it best to . . . → Read More: How Does A Northeast OH Short Sale Affect My Credit?
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