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How to Modify your loan to avoid forclosure....

By
Real Estate Agent with Coastal Palmetto Realty LLC
 Folks this market is bad.  It is getting better but for know it is bad.  For some of those folks that got into mortgages and loans that they shouldn't have it is a sad time.  Some are just walking away and giving up.  What most don't understand is that there is a better way.  You can negotiate with your mortgage company and avoid a costly foreclosure.  Banks do not want to own your house...They are in the business of loaning money, and that is what they want to do...Period.  I found this great article that explains some of the necessary steps to this process....Click here to Learn How...
Kotambu "KS" Shabazz
Quality Real Estate Services - Renton, WA
Renton, Real Estate Consultant
Brad, don't forget non-profit and for-profit loss mitigation agencies who are skilled in these nogotiations.
Oct 13, 2007 03:55 PM
David Bennett
Tarbell, Realtors - Yorba Linda, CA
Yorba Linda Real Estate
EMC just set up an entire division just to modify loans.
Oct 13, 2007 06:25 PM
BLR Guy
BLRGUY(Beach & Luxury Realty Inc) - Saint Pete Beach, FL
Some of the local lenders have been difficult around here....looks like they do want to own a few houses.
Oct 13, 2007 10:22 PM
Fred Pickard
Fred Pickard Innovations Realty Inc - Hershey, PA
Hershey, PA

Brandon -

I love the Bob the Builder graphic. My 3 year old grandson turned me into a big fan.

"Can we do it, yes we Can."

Oct 13, 2007 11:54 PM
Scot Thrapp
Coastal Palmetto Realty - Conway, SC
Brandon good Post!  News just hit the market today that the major banks are setting up special funds for the crisis!
Oct 15, 2007 03:23 AM
Chris Giddings
Realty One Group - Las Vegas, NV
nice post brandon thank you
Oct 15, 2007 03:41 AM