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Why Northeast OH Loan Modifications Are Bad: Family Rents Bigger House For $550 Less Than Old Home

Northeast OH – It’s sad that the banks aren’t willing to give anyone a principal reduction. The banks reasoning is that if they start granting principal reductions, then every single upside down homeowner will want one.

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

As a result . . . → Read More: Why Northeast OH Loan Modifications Are Bad: Family Rents Bigger House For $550 Less Than Old Home

Short Sale Case Study: Homeowner Wipes Out $101,00 In Upside Down Debt

Northeast OH – Here is a case study of a homeowner that wiped out $101,279 in upside down debt. They built a brand new home at the peak of the market.

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

They were forced to sell for job relocation . . . → Read More: Short Sale Case Study: Homeowner Wipes Out $101,00 In Upside Down Debt

Short Sale Case Study: Homeowner Wipes Out $101,00 In Upside Down Debt

Northeast OH – Here is a case study of a homeowner that wiped out $101,279 in upside down debt. They built a brand new home at the peak of the market.

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

 

They were forced to sell for . . . → Read More: Short Sale Case Study: Homeowner Wipes Out $101,00 In Upside Down Debt

Northeast Ohio Short Sales: The Homeownership Rate continues to drop

Northeast OH – Barron’s Magazine recently had an article titled “Renter Nation.” In it, they detailed the various factors at work that will reduce the homeownership rate in America.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

The homeownership rate has already dropped from 69.2% to 66.9% . . . → Read More: Northeast Ohio Short Sales: The Homeownership Rate continues to drop

Northeast Ohio Short Sales: If You Bought At The Market’s Peak, Does It Make Sense To Short Sale Your Home?

Northeast OH – Many homeowners bought their home at the peak of the market. In the hardest hit areas, they paid $500,000 for homes that are not selling for $250,000 (or even less.)

Their home is costing them $4,000 a month. (That is the total after paying property taxes and insurance.) Renters have . . . → Read More: Northeast Ohio Short Sales: If You Bought At The Market’s Peak, Does It Make Sense To Short Sale Your Home?

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

“I bought several investment properties at the peak of the market. The homes have dropped in value by almost 40% and I am losing money on the rent every month.

I am sick of writing a check . . . → Read More: Northeast OH Short Sales: Will a Bank Allow a Short Sale If I Assets and Income?