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23 Comments on Loan Modification For your Investment Property
Very Good Point Danny thank you
HI.
I understand that pricing varies but can you offer a range.
Thanks.
Thanks for the great information.
Hi,
I hope all is well. Have the calls to your office increased or decreased? I have noticed an increase in calls from first time homebuyers.
Thanks,
Joe Abreu
Abreu Realty, L.L.C.
I saw your blog posting about foreclosed properties. We offer a great tool to help you in competitive REO listings. www.foreclosurefeedback.com . The Asset manager's can login and see all of the feedback on their REO properties, see what you are doing to market them and print reports to document the need for price reductions. Call in to sign up instead of online and tell them Rick said to give you the first 90 days for free to try it out at 858-270-1055 ext 113. If your competition doesn't offer this, you will definitely have a leg up on them. Good Selling!
Rick
Hi Rick,
Thank you for your comment. But I am not selling anything. I am offering a service to distressed homeowners.
Hi,
Do you have clients in CT that may need my real estate expertise? I am willing to assist homeowners and investors.
Joe
I have been told, by an attorney, that an individual can sell their home, as long as it is closed prior to the Foreclosure Auction date posted on the Foreclosure notice? An individual who is being foreclosed on has to be given 3 - 4 months prior notice from their lender.
As foreclosures are skyrocketing and with an increasing number being investment properties, this is good information to have. Thanks Callie!
we can send you referals, check out our site:
Rick Watson
www.Myloannightmare.com
Savemyhome@myloannightmare.com
(to link sites, send us an e-mail)
Thanks for that info. I wasn't sure if you could do a loan mod for an investment property. I have a property in Mississippi (condo) but frankly, there have been so many changes and regulation for loan mods, I am very hesitant to pay anything upfront.
I'm a mortgage broker - and I can't charge upfront. If this is something you can accomodate, you are welcome to contact me directly. Thanks.
Thank you for the information. Are these services just for your area or other areas? We are seeing commercial properties on the foreclosure lists in my area of Pasco County FL.
I'm glad to know there are reputable lenders who are helpig people with their mortgage. So mny loan modification companies are sharks just like the predatory lenders of the past few years.
I recently had a client get a loan mod done on an investment home. She did it directly with the mortgage company. It was several months in the doing but she did finally get it done.
C - So many people need help right now. I wish you great success helping these people in their time of need. I have several friends who I have referred recently who are biting their nails and waiting for an answer on their loan mods.
I see you service all of the USA. Good to know.
Good luck!
Hi C: I heard the court ruling in the Countrywide case a couple of weeks ago will make it very difficult for lenders to make loan mods going forward as it opens them up to a lawsuit from their securitization investors. What is your opinion?
:)
Looking around for an investment property loan. Have also considered going the private money route. Which is better these days?
so many options on getting an investment property loan...a lot to sift through
want to confirm you are still in business with the same terms listed above...no cost up front (application fee), still doing loan mods on investment props?
thank you