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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

Northeast OH Short Sales: Who Loses When A Loan Modification Fails?

Northeast OH – Most people think that when a loan modification fails, then the homeowner who loses their home is the only party that loses. Well, often the bank loses as well. Let me explain why.

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

Many banks are . . . → Read More: Northeast OH Short Sales: Who Loses When A Loan Modification Fails?

Northeast OH Short Sale Question: I Had A Temporary Income Problem. Do I Still Need To Sell My Home?

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?

Northeast OH Short Sales: Mistakes To Avoid When Facing Foreclosure

Northeast OH – Mistake #1: Deeding your property to a third party without confirming that your debt has been paid off. 

Deeding your house to someone else is one way to avoid foreclosure. However, there are some things you need to do before you make a decision to deed your house to someone else . . . → Read More: Northeast OH Short Sales: Mistakes To Avoid When Facing Foreclosure

How Long Do I Have To Wait After A Northeast OH Short Sale To Buy Another Home?

Northeast OH – The Stop Foreclosure Institute gets asked this question quite a bit. The answer depends on the type of loan you are looking to use to purchase your next home.

Here are the details on your options to buy another home after a short sale.

Get my Free, Step By . . . → Read More: How Long Do I Have To Wait After A Northeast OH Short Sale To Buy Another Home?

How Does the Realtor Get Paid On A Northeast OH Short Sale

 

Northeast OH – A potential home seller asked The Stop Foreclosure Institute how we get paid on a short sale transaction. So I decided to answer that question in today’s blog post.

Here is how most Realtors get paid on a short sale. They make a real estate commission from the sale . . . → Read More: How Does the Realtor Get Paid On A Northeast OH Short Sale

Northeast OH Short Sales: What are my options if I can't afford my home?

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

“I divorced six years ago. We had had our home on the market for some time, but it wasn’t selling. My ex needed money to buy another home.

Since it wasn’t selling, we refinanced and split . . . → Read More: Northeast OH Short Sales: What are my options if I can’t afford my home?

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Yes, You Can Beat The System!

Northeast OH – A lot of people in today’s lending market are stuck. They locked in their interest rate when rates were higher. Now, they are barred from refinancing because they are upside down on their house.

Whenever they apply for a new loan, the first . . . → Read More: Northeast Ohio Short Sales: How To Lower Your Mortgage Payment Without A Refi

Northeast OhioShort Sales: What options do we have if getting divorced and neither can afford?

Northeast OH – If you are in this, or a similar situation, my advice would be that you sell the house. Now, if you are reading this blog, then you must be investigating a short sale.

Which means that you probably owe more than your home is worth. You have three options.

Option #1: . . . → Read More: Northeast Ohio Short Sales: What options do we have if getting divorced and neither can afford?

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!