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Sherman Oaks Short Sale Myths - Can I negotiate without being late on my mortgage?
Sherman Oaks Short Sale Myths Morning Spring Nice One of my close friends is trying to get a loan modification. His property was purchased at the height of the bubble and consequently is worth less that is owed. The note on the property is adjustable, and my friend would like to get the loan into a fixed product only... that's it... no debt forgiveness at all. He also pays every bill on time and has never been late on the mortgage... and the lender won't help him. He has never asked for a short sale. There is a common perception that unless a borrower is late on their mortgage the bank won't deal with them. In the case of a loan modification that may be true... not so with a short sale. Looking for Mortgage Relief? See the Nine Alternatives to Foreclosure in Sherman Oaks. Negotiation with a bank can start before the payments on the mortgage become late. The short sale on a Sherman Oaks Home is going to be decided based on hardship of the borrower, asset disposition and ability to pay. If there is a legitimate case for a short sale action, the lender would like to get ... more
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