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Should I do a Short Sale or a Loan Modification?

By
Managing Real Estate Broker with Maxus Realty Group of Samson Properties Broker - Realtor - CEO

10 Loan Modification Secrets Your Bank Does Not Want You To Know. . .



Question:
“Hey Fernando, I am considering a short sale, because the lender has been “playing with me” for months and we are still in the same place when we first started. .now, I'm several months behind on my payments, Should I proceed with a loan modification or a short sale?
Answer:
Ok Terrie, bankers don’t care and we know that already. . but you should continue with the lender until they accept you or deny you. .once you know their final response then you should proceed to the next step. A short sale may be the right decision for you now. . but  you should not make that decision simply because the lender is “playing with you”... just wait a little longer and keep insisting for an answer.
Always make the SHORT SALE DECISION based on your financial needs and what makes sense for you in the near future.

======================================

Just Because. . 


. . and it should NOT BE!
You shoud start with a lona modification with your lender. . .


TO avoid A . . . 


 
 

Hi, my name is Fernando Herboso and a licensed broker in Maryland that specializes in distressed properties.

Having listed over 150 short sales in the last 4 years, this is a compilation of the HORROR stories that came from all these people that tried to save their homes and couldn't. . .

 

Don't make the same mistakes and read all 10 secrets by going to www.LenderLoanModifications.com

 

 

Are you standing in line for a loan modification or a loan mortification?

Fernando Herboso

I want to work for you. . .this is my bio.

My direct number is  240-426-5754  if you have any questions. . .

 

 

Comments (2)

Todd Hays
Exit Real Estate Professionals - Spokane, WA

I liked the videos with your tips on loan modification. Loan modification sounds like a lot better option than short sale. 

Apr 22, 2012 12:25 AM
Barbara Michaluk
Weichert Realtors | Phone Direct 240-506-2434 | 301-681-0550 office - Silver Spring, MD
Leisure World Specialist / Full Service REALTOR

Fernando, thanks for sharing this valuable information for home owners faced with difficult decisions.  You are a true blessing to those who need your assistance.

Apr 22, 2012 12:28 AM