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Are Loan Modifications Better For Investors Than Foreclosure ?

By
Real Estate Agent with Keller Williams Realty 00998118

Although it seems harder these days to obtain a loan modification with your lender then to let the home go into foreclosure, IS IT BETTER ?

Please read the attached blog I posted today as reported by DSNews.com on this issue:

LOAN MODIFICATION VS. FORECLOSURE

Your thoughts and feedback on this topic are greatly appreciated. Please feel free to post your comments.

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Michael Dagner
Brokers Guild Classic - Denver, CO
Your Denver Homes Realty Expert

Hi Zen,

Great article.  The banks and servicers live in the short term.  Combine that with a lack of incentive, and everyone loses.

Mar 25, 2011 07:33 AM