Most homeowners are having trouble getting loan modifications. Lenders are not approval many, they are not reducing the principal and people wait for months just to see their payment go up or with not much of a change. Homeowners don't want to move, they don't know where to move, but it's best to get adivce from an experience short sale agent. Homeowners need to prepare for the fact banks want these sold. Banks have no incentive $$ to work on loan modifications. They would foreclosure or sell in bulk to investors just to get these off their books. The market will take years to come back and may not come back to the homeowners current loan amount. Desparate measures keep homeowners in a home that's not worth the value just to get a little lower payment. Foreclosure is the worst option. If homeowners are confused, so if the government, banks, lenders and realtors. Nothing has been organized or quality control for clients in trouble with payments. CALL TODAY TO GET ADVICE ON SELLING YOUR HOME WITH A SHORT SALE. iT'S LITTLE TO NO COST TO THE HOMEOWNER. 714 847 2691 Realtor
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service
Andrea - Excellent information and tips on loan modification. Thank you for sharing a very good blog.
Oct 10, 2010 07:49 AM
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