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By CarlOrbase, on January 16th, 2012%
Northeast OH – The right agent can make the difference between success and failure on your short sale. You risk losing a lot when your agent doesn’t understand short sales. The short sale can be denied and the home foreclosed. Then you have to wait five years to buy another house. Or, the lender may . . . → Read More: Northeast OH Short Sales: Questions to ask before hiring a short sale agent
By CarlOrbase, on December 12th, 2011%
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?
By CarlOrbase, on November 14th, 2011%
Northeast OH – Many lenders do not own the loans they handle. Instead, they are paid by the actual loan owner to collect payment.
In my opinion, the banks make millions by understaffing their foreclosure departments? Here’s a real life example. A bank forecloses on a house and waits for over a year to . . . → Read More: Northeast OH Short Sales: Is It Ethical For Lenders To Make Millions At Your Expense?
By CarlOrbase, on October 20th, 2011%
Northeast OH – The biggest threat to your short sale is a high appraisal. Banks consider short sales for economic reasons.
A bank will approve a short sale only if they think they will net more money taking the short sale offer. To make sure they aren’t selling the house for too little, they . . . → Read More: The Biggest Threat To A Successful Northeast OH Short Sale
By CarlOrbase, on July 23rd, 2011%
Northeast OH – Bank of America is consistently the worst short sale lender we have dealt with. A lot of people sent me e-mails such as the following:
“You need to stop complaining. If you think having to re-open a file is bad, imagine working on a file for 8 months.”
Get my Free, . . . → Read More: Northeast OH Short Sale: How To Send A Fax To Everyone In Congress
By CynthiaPistorino, on March 25th, 2011%
Sick of being bullied by your lender? Here's how one man got his lender to back off.
Northeast OH – In my opinion, loan mods are very tough to negotiate with large lenders like Bank of America, Wells Fargo, JP Morgan Chase, or SunTrust. The reason is because you are treated like . . . → Read More: How To Get Your Loan Mod Approved When Negotiating With A Local, Northeast Ohio Lender
By CynthiaPistorino, on March 3rd, 2011%
Northeast OH – According to the Philadelphia Inquirer [1], Patrick Rodgers of West Philadelphia was able to “file a foreclosure action against Wells Fargo.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
I bet there are a lot of homeowners facing foreclosure that would love to do . . . → Read More: Northeast Ohio Short Sales: Homeowner Takes On Lender And Wins!
By admin, on July 8th, 2010%
This ends up being a huge service to this Moreland Hills Ohio short sale seller because he had significant retirement assets. The bank knew about this but we were still able to negotiate terms on the short sale letter completely releasing the seller from any future liability from the short sale deficiency. When you need to short sale your home make sure you work with an expert. It could mean huge money to you . . . → Read More: Another short sale closed in Moreland Hills
By admin, on June 10th, 2010%
LoanSafe.org or posted this video and it is hilarious unless you feel like you are going through Loan Modification hell.
Unfortunately the same scenario of faxing and refaxing and refaxing and waiting on hold long periods of time only to get a rep in another country who can’t speak English and has no . . . → Read More: Wells Fargo or Hells Fargo
By admin, on November 7th, 2009%
The Wall Street Journal had on article here about Wells Fargo’s loan modification strategy for it’s portfolio of negative amortization “pick a pay” loans which allowed owners to make interest only payments or even less while the balance would grow and while equity has shrunk… especially in this market. Wells Fargo has nearly $107 . . . → Read More: Wells Fargo picks and prays re pick and pays
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