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Fort Collins Short Sales: How To Lower Your Mortgage Payment Without A Ref

By
Real Estate Agent with Kittle Real Estate

How To Lower Your Mortgage Payment Without A Ref

Fort Collins CO – A lot of people in today’s lending market are stuck. They locked in their interest rate when rates were higher. Now, they are barred from refinancing because they are upside down on their house.

Whenever they apply for a new loan, the first thing the lender says is, “The current property value is less than what you owe. We can’t lend you enough money to pay off your old lender.”

Do they have any options?

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Their best option is probably a loan modification. Their lender is more than likely to work with them since their home dropped in value. They may have to stop making payments before their lender will approve a loan modification. But, some lenders are even modifying loans that are current.

 

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Looking for Distressed Properties? Search all the FORECLOSURES and SHORT SALES in NORTHERN COLORADO.

CLICK HERE TO SEARCH : Fort Collins Foreclosures / Short Sales

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CLICK HERE TO SEARCH : Greeley Foreclosures / Short Sales

 

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