Barbara:
Thanks for the opportunity to give you an estimate for loan mods on your properties. Below is my opinion, backed by my back end processor's opinion.
The properties are too upside down for us to promise a great results. Most likely you will not make it. The lenders will not consider Andrei's unemployment income as legitimate income for paying for the mortgage. Now that you are un-employed, things are more complicated. In addition, Hillshire and Firwood are too close to foreclosure. As it is I can't take your transactions.
Maybe consider keeping only one property, most likely Cobb, and short sell the rest. Maybe we can do a loan mod on that one once it becomes your primary residence. I can list your properties if you wish. Regardless of what you decide, I recommend getting rid of all the seconds if you already have settlements with them. That way you will not have problems with them later in life. Please don't consider this legal advice. I can connect you with attorneys that may be able to stretch your foreclosure dates a good bit. You will have to talk to them. Click HERE for Oregon's foreclosure information.
Thanks again for the opportunity. Let me know how can I further help you.
Sincerely,
Oscar
www.bestshortsales.com www.oscarpdx.com www.rapidforeclosuredata.com www.modificationsloan.net www.modificaciones.net
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