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If you are struggling to make mortgage payments, you may be considering a loan modification as a means to avoid foreclosure.  A loan modification makes it easier for borrowers to satisfy their obligation to their lender by lowering monthly payments.  Payments are lowered by reducing the interest rate and extending the length of the loan.  Loan modification does not lower the amount of the loan.

A loan modification will impact your credit rating, but far less than a foreclosure, deed-in-lieu (DIL) or short sale.  The three big credit bureaus (Equifax, Experian and TransUnion) allow lenders to designate a loan modification as "partial payment" - a status that can lower your credit score by 50 or more points.

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Are you or someone you love facing foreclosure?  As a Certified Distressed Property Expert (CDPE), I can offer hope and help.  Call me today.  305.851.5910

 

Miami Beach First-Time Home Buyer Assistance Program
Bria J. Toulemonde, CDPE (ReMax Top Performers - Jane Lee Team)
In an effort to boost the real estate market, more and more programs have become available to assist first time home buyers. Programs exist at the Federal, State and local levels. If you are a first time home buyer looking to purchase property in…
Miami-Dade County Down Payment and Closing Cost Assistance Programs
Bria J. Toulemonde, CDPE (ReMax Top Performers - Jane Lee Team)
The $8, 000 Federal First Time Home Buyer Tax Credit has been getting a lot of buzz, but did you know that there are other great programs at the state and local levels available to home buyers? Program offerings range from zero-interest loans to…
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Bria J. Toulemonde, CDPE (ReMax Top Performers - Jane Lee Team)
Miami Beach’s LINCOLN WEST neighborhood is bordered by 17th Street (Venetian Causeway) to the North, 14th Street to the South, Alton Road to the East and the Bay of Biscayne to the West. An enclave for locals and part-timers seeking a quiet…
Miami Beach Neighborhood Spotlight: Lincoln West
Bria J. Toulemonde, CDPE (ReMax Top Performers - Jane Lee Team)
Miami Beach’s LINCOLN WEST neighborhood is bordered by 17th Street (Venetian Causeway) to the North, 14th Street to the South, Alton Road to the East and the Bay of Biscayne to the West. An enclave for locals and part-timers seeking a quiet…
New Legislation Protects Tenants During Foreclosure
Bria J. Toulemonde, CDPE (ReMax Top Performers - Jane Lee Team)
On May 20, 2009 President Obama signed the Helping Families Save Their Homes Act of 2009 which addresses several issues affecting the housing industry. Title VII of the act, entitled Protecting Tenants at Foreclosure Act of 2009 addresses how…
Hurricane Season 2009 is Officially Underway - Are you Prepared?
Bria J. Toulemonde, CDPE (ReMax Top Performers - Jane Lee Team)
Officials are predicting a "near normal" hurricane season this year. NOAA’s National Weather Service Climate Prediction Center calls for a 50% probability of a near-normal season, a 25% probability of an above-normal season and a 25%…
FREE - Storm Prep Expo May 30 & 31 at Miami Beach Convention Center
Bria J. Toulemonde, CDPE (ReMax Top Performers - Jane Lee Team)
Hurricane season begins June 1st - are you prepared? The City of Miami Beach is hosting a FREE Storm Prep Expo at the Miami Beach Convention Center on May 30 & 31 from 10 a. m. - 5 p. m. Can't make the expo? Click Here to view the Public…
Why Do So Many Short Sales Fail?
Bria J. Toulemonde, CDPE (ReMax Top Performers - Jane Lee Team)
As the number of Americans facing economic hardship and foreclosure increases, so does the number of short sales listed on the Real Estate market. Basically defined, a short sale occurs when a lender agrees to the sale of a property at a price that…
Market Snapshot: April 2009
Bria J. Toulemonde, CDPE (ReMax Top Performers - Jane Lee Team)
The overwhelming concensus remains: now is the time to buy. In fact, we are in a buyer's market unlike any other many of us will see in our lifetime. South Florida has seen a steady increase in sales since Fall 2008. This upward trend is mostly…
 
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Bria J. Toulemonde, CDPE

Lake Bluff, IL

More about me…

ReMax Top Performers - Jane Lee Team

Address: 210 N. Waukegan Road, Lake Bluff, IL, 60044

Office Phone: (847) 295-0800

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