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Northeast OH Short Sale Help: Having Financial Problems? Tell Debt Collectors To "Get Lost"

Northeast OH – Most of the short sale sellers that we help are selling this home because of financial problems. They can’t afford the payments and sell their home to avoid foreclosure.

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

Because of this I am very familiar . . . → Read More: Northeast OH Short Sale Help: Having Financial Problems? Tell Debt Collectors To “Get Lost”

It Isn't Likely Your Lender Will Collect Any More Money From You After A Northeast OH Short Sale

Northeast OH – Many homeowners considering a short sale are concerned about a deficiency. “Will I be forced to repay my bank for the $150,000 they lost”, they ask me.

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

The good news is that most homeowners are able . . . → Read More: It Isn’t Likely Your Lender Will Collect Any More Money From You After A Northeast OH Short Sale

An Eighth Common Northeast OH Short Sale Myth: I Can Erase Any Deficiency On My Upside Down Home By Simply Declaring Bankruptcy

Northeast OH – A lot of people incorrectly think that bankruptcy is a “Get Out Of Jail Free” card. Yes, bankruptcy does not help a lot of people get back on their feet.

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

However, it is not a “Get . . . → Read More: An Eighth Common Northeast OH Short Sale Myth: I Can Erase Any Deficiency On My Upside Down Home By Simply Declaring Bankruptcy

A Common Northeast OH Loan Mod Mistake

Northeast OH – The Stop Foreclosure Institute recently received a question from a person attempting a loan modification on their home. Here was their question.

“I have a first mortgage for $197,000. That was my original loan from when I bought my home. I borrowed $250,000 on a second mortgage for a remodel.

My . . . → Read More: A Common Northeast OH Loan Mod Mistake

Northeast OH Short Sale Question: Why Does My Lender Want My Last 2 Pay Stubs?

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

“Why does my lender need copies of my last 2 pay stubs? Are they hoping to garnish my paycheck? I am concerned that if I give it to them, then they will use it to garnish my paycheck.

. . . → Read More: Northeast OH Short Sale Question: Why Does My Lender Want My Last 2 Pay Stubs?

Northeast Ohio Short Sales: Why Lenders Back Off When Threatened With Bankruptcy

Northeast OH – Bankruptcy is one of the scariest words a lender can hear. A bankruptcy filing can stall their ability to foreclose by 6 months, and sometimes as long as a year.

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

The lenders know that most bankruptcies . . . → Read More: Northeast Ohio Short Sales: Why Lenders Back Off When Threatened With Bankruptcy

What you can expect during and after the Northeast Ohio Short Sale Process

Northeast OH – Here are a few things you should not be surprised to see crop up during the short sale process.

Unscruplous Debt Collection Tactics. If you are facing financial hardship, then paying credit cards and other unsecured debts is your lowest priority. An unsecured debt is a debt where they can’t take . . . → Read More: What you can expect during and after the Northeast Ohio Short Sale Process

The Nuclear Option for Northeast Ohio Short Sales

Northeast OH – The nuclear option is what you do when your lender demands a promissory note or they will not approve the short sale.

A promissory note is not the end of the world. It will take a lot of work on their end to collect from you.

If the lender . . . → Read More: The Nuclear Option for Northeast Ohio Short Sales