Are you behind on your mortgage payments and afraid that your lender will foreclose on your home? If you are a Connecticut resident who has fallen behind on your monhtly mortgage obligation there are several options available to you.

A Loan Modification allows you to keep your home & make a lower monthly payment than your current payment. If you meet certain eligibility requirements, your monthly income being a major factor here, you may qualify for a reduction of your monthly mortgage expense.

A Short Sale allows you to sell your home regardless if it has lost value & you can no longer recoup what is owed. Realtor commissions, attorney fees & other expenses are covered 100% free of charge to you.

Foreclosure is never a good option. In a Foreclosure you not only lose your home but you also destroy your credit for an average of 8 years at which point you can begin rebuilding for the future. If in debt you may not care about your credit but poor credit can hold you back from doing many things: attaining a job, attaining a credit card, purchasing a vehicle, purchasing a home and even renting a home; these are only a few of the ways foreclosure can effect your everyday life.

In addition to damaging your credibility you can also lose your home & then be sued by your lender for the balance of the loan. In a deficiency judgement you will be ordered to repay your lender... no matter how long it takes. You may think that they could never collect on such a judgement but the reality is they could garnish your wages or seek payment from your 401K & you could be paying for your poor decision for the rest of your life.

If you want to rectify a troublesome situation & explore the options of Loan Modification and Short Sales please contact me for a free consultation. You are not alone & you can avoid having your home taken & your credibility destroyed. I will analyze your situation and make some recommendations how to cure your mortgage mess. My service is provided to assist financially distressed homeowners & is free of charge. Never pay a Realtor, Third Party Negotiator or Loan Modification Company to provide you this service. Contact me at (203) 442-3873 or email me at PETERTESTA@yahoo.com & get yourself back on the road to financial recovery.