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Northeast OH Short Sales: A Short Sale Success Story

Northeast OH – Here is a success story about a short sale that the Stop Foreclosure Institute worked on. We recently closed this short sale and helped the seller avoid a big deficiency judgment.

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

Ed & Cathy bought their . . . → Read More: Northeast OH Short Sales: A Short Sale Success Story

Northeast OH Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender

Northeast OH – Thinking about a loan modification. If you can afford to, then order an appraisal. Or, do your own appraisal.

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

Ask your realtor “Hey, what are houses in my area selling for?” I’ve seen people who bought . . . → Read More: Northeast OH Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender

Yes, I Do Think A Northeast OH Loan Modification Is The right Thing To Do

Northeast OH – I received a note the other day from Andrew. He was upset that I would tell people that are upside down on their house to ask for a principal reduction from their lender. Here was his email.

Click here to discover how other sellers successfully did a short sale and avoided . . . → Read More: Yes, I Do Think A Northeast OH Loan Modification Is The right Thing To Do

With Home Prices Dropping, In Many Parts of Northeast OH It Is Cheaper to Own Than Rent

Northeast OH – The good news about the housing bust is that home prices are now more affordable. It is now cheaper to buy versus renting in many areas.

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

“At the peak of the real estate bubble, cities like . . . → Read More: With Home Prices Dropping, In Many Parts of Northeast OH It Is Cheaper to Own Than Rent

Getting Your Finances Back On Track After A Northeast OH Short Sale. Pros & Cons Of Buying Rental Property

Northeast OH – The Pros of Rental Property.

The tenant pays your mortgage payment. You won’t make a lot of money while you have a mortgage. But, where else can you have someone buy and pay off something for you?

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Getting Your Finances Back On Track After A Northeast OH Short Sale. Pros & Cons Of Buying Rental Property

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: 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

A Few Disadvantages Of A Northeast OH Short Sale

Northeast OH – There are some disadvantages of a short sale. But, remember how much a short sale would save you over a foreclosure.

A short sale allows you to buy another home 2-4 years sooner and you avoid paying 2-4 years of rent. That would enable you to pay off your house 2-4 . . . → Read More: A Few Disadvantages Of A Northeast OH Short Sale

Northeast OH Short Sale Question: Can I short sell my house and rent from the new owner?

Northeast OH – The Stop Foreclosure Institute recently received a question from Roberta. Here was her question.

“A company has talked to me about short selling my home to them and they will then rent it back to me. They will allow me to buy it from them after my credit is repaired a . . . → Read More: Northeast OH Short Sale Question: Can I short sell my house and rent from the new owner?

Northeast OH Short Sales: Why Might a Short Sale Be Preferred Over a Loan Modification?

Northeast OH – Homeowners who would prefer to get out from underwater may prefer to do a short sale compared to a loan modification.

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

A short sale means the bank will accept a reduced payoff and release the loan. . . . → Read More: Northeast OH Short Sales: Why Might a Short Sale Be Preferred Over a Loan Modification?