The big buzz word nowadays is "loan modification".  When we talk to someone we tell them to go to their lender and ask for a loan modification.  But really what are we doing to that homeowner? Are we giving them false hope?  Are we setting them up for a deeper downfall into the "under water hole"? 

Some homeowners have been going round and round with their lender trying to get their loan modified.  They have had to submit and re-submit their paperwork and still no loan modification in sight.  Of course, some would say they are getting a "free" place to stay while all this is going on --- or in this case not going on.  But none will face there is so much stress associated with this maze of "being underwater".

More red tape--

• What are the qualifications to get a loan modification?  Does anyone really know?
• What are the rules the banks must follow in order to do a modification? Does anyone really know?
• What are the banks standard process for short sales? Does anyone really know?
• What is the "standard" time line for short sale approval? Does anyone really know?
• Where are the banks being held accountable for this mess? Does anyone really know? or care?

Where are we now?  The slush is so thick.... its estimated that 1 out 5 homeowners are facing foreclosure or for now are just "under water".  What's the difference?

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If you are thinking of selling or buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities).  Call us at 866-750-8282 or email at US.