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Northeast OH Short Sales: I Don’t Have A Normal Hardship. Is a Short Sale still an Option?

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

“I own a condo in Hackensack, New Jersey. I purchased in 2007, pre-construction for $375k and have a mortgage balance of $337k.

I have been trying to sell my unit for upwards of 2 years with . . . → Read More: Northeast OH Short Sales: I Don’t Have A Normal Hardship. Is a Short Sale still an Option?

New program: Keep your home lower your mortgage balance!

The Wall Street Journal and news outlets have released information on a new program to keep your home and lower your payments.

The full details have not been released but it is an overhaul of the HAMP program that will have some of the following options:

1. A new option in HAMP that allows . . . → Read More: New program: Keep your home lower your mortgage balance!

Will the new guidelines for FHA short sales help you or hurt you?

With an increase in FHA loans being written, everyone should expect an increase in the number of FHA pre-foreclosure sales on the market.

However, there are some changes in the guidelines of pre-foreclosure sale program also known as FHA short sale.

These guidelines for the most part a significant improvement for anyone needing to . . . → Read More: Will the new guidelines for FHA short sales help you or hurt you?