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Thinking About A Northeast OH Loan Modification? Run The Numbers First

Northeast OH – When you negotiate your loan mod you need to remember that the banks are professional negotiators. They know the tricks.

They know how to suck as much money out of you as is legally possible. Don’t kid yourself. They’re going to use every single tool in their tool chest to . . . → Read More: Thinking About A Northeast OH Loan Modification? Run The Numbers First

One Key To Getting A Northeast OH Short Sales Approved

Northeast OH – Working to convince a bank to approve a short sale is what I do every day. I work with lenders on a daily basis.

I understand the importance of starting the process in a way that is likely to succeed with the lender’s loss mitigation department.

Click here to discover how other . . . → Read More: One Key To Getting A Northeast OH Short Sales Approved

Northeast OH Short Sale Question: What Are My Options?

Northeast OH – The Stop Foreclosure Insitute recently received a question from Denzel.

Here was his question. “I purchased my home in 2007 for 365,000 and put 18,000 down. Today I owe approximately 340000.

The mortgage is with Wells Fargo. No Second. The same size home is being sold by the builder brand new . . . → Read More: Northeast OH Short Sale Question: What Are My Options?

Northeast OH Short Sales: Why Won’t My Lender Allow Me To Short Sale?

Northeast OH – The Stop Foreclosure Institute recently received a question from David. Here was his question.

“I lost my job and am burning up my savings very fast. At the current rate I will only be able to pay my mortgage for a few months more. My lender won’t talk to me about . . . → Read More: Northeast OH Short Sales: Why Won’t My Lender Allow Me To Short Sale?

Why Do Northeast OH Short Sales Negotiators Break The Rules?

Northeast OH – An agent with the Stop Foreclosure Institute recently had a short sale negotiator lie to them. We have spent the last 6 months figuring out all the rules for short sales on different loan types.

The rules are different for an FHA Short Sale, a VA Short Sale, and a Fannie . . . → Read More: Why Do Northeast OH Short Sales Negotiators Break The Rules?

Northeast OH Short Sales: Are Banks Playing Games With Their Financials?

Northeast OH – Some experts speculate that banks don’t like to approve short sales or loan modifications. Here is why they think that.

They think that lenders are reluctant to speed up short sales or loan mods because they want to hold off the day of reckoning. Let me explain.

Click here to discover . . . → Read More: Northeast OH Short Sales: Are Banks Playing Games With Their Financials?

Northeast OH Short Sales: Why Is This Lender Lying To This Homeowner?

Northeast OH – The Stop Foreclosure Institute recently received a question from David. Here was his question.

“My lender ******** Bank verbally told me that my short sale was approved. However, now they are now telling me that Fannie Mae did not approve the sale.

They gave me an option to pay $3,000 upfront . . . → Read More: Northeast OH Short Sales: Why Is This Lender Lying To This Homeowner?

Northeast OH Short Sale Question: Should I Short Sale My Rental?

Northeast OH – The Stop Foreclosure Institute recently received a question from Ryan. Here was Ryan’s question.

“I own a rental house. When I bought it, the rent covered the mortgage and all the other payments. However, rental rates have declined in my area and the rent no longer covers the mortgage.

Besides that, . . . → Read More: Northeast OH Short Sale Question: Should I Short Sale My Rental?

The Final Numbers On How A Northeast OH Short Sale Reduces Losses

Northeast OH – On our last blog post, we ran some numbers on why a short sale reduces a lender’s losses by 20% compared to a foreclosure.

Today I am going to add all the numbers together. That way we can see exactly how much this lender lost by not accepting the short sale.

. . . → Read More: The Final Numbers On How A Northeast OH Short Sale Reduces Losses

Three Ways The Big Banks Could Stabilize Housing Prices And Increase Their Profits At The Same Time

Northeast OH – Many Americans are concerned about the housing market. If they housing market continues to decline, then it could drag the entire economy with it. At least that’s what some economists are saying.

We want to be part of the solution, not part of the problem. So, we decided to propose . . . → Read More: Three Ways The Big Banks Could Stabilize Housing Prices And Increase Their Profits At The Same Time