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loan modification programs: Is a Loan Modification Right For Me? - 02/14/11 10:05 AM
The trouble with most loan modification companies is not their fees. In fact, since October 11, 2010 it has been illegal for any company or attorney to charge up-front fees for loan modifications. As such, fees are only charged when a result is achieved.
The problem with most modification companies is that they do not ask the more important question ... Is a loan modification RIGHT for this person or family?  Can the homeowners afford the new, modified payment? How long will it take for the homeowners to recoup their lost equity? Does it make sense to hold on this an … (1 comments)

loan modification programs: "Shadow" inventory expected to last 4 years - 02/03/11 10:26 AM
According to analysts at Standard & Poor's Rating Services this week, it may take more than four years to exhaust the "shadow inventory" of distressed homes. The shadow inventory is defined as properties with borrowers who are more than 90 days delinquent on their mortgage, in foreclosure or already bank owned.
Common pricing for bank owned or short sales is at or below the most recent comparables to the property. This is expecially true for short sales which take 4 - 8 months to finalize and are typically priced aggressively low to attract more patient buyers willing to wait out the … (1 comments)

 
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Nancy Moeller

Anaheim Hills, CA

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Seven Gables Real Estate

Address: 5481 E Santa Ana Cyn. Rd , Anaheim Hills, CA, 92807

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