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How to Modify your loan to avoid forclosure....

Folks this market is bad. It is getting better but for know it is bad. For some of those folks that got into mortgages and loans that they shouldn't have it is a sad time. Some are just walking away and giving up. What most don't understand is that there is a better way. You can negotiate with your mortgage company and avoid a costly foreclosure. Banks do not want to own your house...They are in the business of loaning money, and that is what they want to do...Period. I found this great article that explains some of the necessary steps to this process....Click here to Learn How...

Posted by Brandon Causey Realtor Coastal Palmetto Realty LLC on 10/13/2007 10:41 PM

Comments (4)

4 Comments on How to Modify your loan to avoid forclosure....

Brad, don't forget non-profit and for-profit loss mitigation agencies who are skilled in these nogotiations.

10/13/2007 10:55 PM

by Kotambu "KS" Shabazz, Renton Real Estate & Loss Mitigation Consultant (Quality Real Estate Services)

EMC just set up an entire division just to modify loans.

10/14/2007 01:25 AM

by David Bennett Yorba Linda Real Estate (Tarbell, Realtors)

Some of the local lenders have been difficult around here....looks like they do want to own a few houses.

10/14/2007 05:22 AM

by BLRGUY(Beach & Luxury Realty Inc)

Brandon -

I love the Bob the Builder graphic. My 3 year old grandson turned me into a big fan.

"Can we do it, yes we Can."

10/14/2007 06:54 AM

by Innovations Realty Inc

Brandon good Post! News just hit the market today that the major banks are setting up special funds for the crisis!

10/15/2007 10:23 AM

by Scot Thrapp (Coastal Palmetto Realty )

nice post brandon thank you

10/15/2007 10:41 AM

by Chris Giddings (Realty Executives of Nevada)

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What does the graphic say?