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Will Active Loan Modifications Stop Foreclosure Proceedings?

By Mike Moulton

Education & Training with Bee Home Solutions Inc.

November 17, 2010 02:56 AM

One question that we've received a lot lately in the Greater Charlotte NC area from homeowners is, "If I'm currently working on a loan modification with my bank, will the foreclosure proceedings be put on hold?" Watch the video below as Mike Moulton answers this question:

Mike Moulton is a broker at Bee Home Solutions, Inc. in Huntersville, NC. Feel free to call our office anytime for assistance at 704-885-0488.

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Greg J. Gardner

Writer and Author - Black Friday - Banner Elk, NC

Writer and Author, RE Investor

Can I modify my loan to no interest and no payments? Oh wait. They call they a "foreclosure modification". LOL

Greg J. Gardner

May 14, 2011 05:24 AM

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We focus on short sales and foreclosed homes in the greater Charlotte, NC area. We have a proven process which is the best for helping sellers to avoid foreclosure. We also have developed very informative free educational resources for sellers facing foreclosure available at http://www.charlotteforeclosurechallenges.com. We also work to help prospective buyers to relocate to the area and help them find the best deal on their home purchase.