Thinking About A Bergen County Loan Modification? Run The Numbers First

Real Estate Agent with RE/MAX Properties - Saddle River

Balancing the AccountsBergen County NJ – When you negotiate your loan mod you need to remember that the banks are professional negotiators. They know the tricks.

They know how to suck as much money out of you as is legally possible. Don’t kid yourself. They’re going to use every single tool in their tool chest to squeeze you.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

So before you start negotiations with the bank, you’ve got to be prepared. You can’t just walk into a gunfight with a knife. You’ve got to go prepared so you get yourself the best deal.

Research your options. The lender’s negotiator can sense weakness. They can sense when you’ll take any payment amount they tell you. Guess what happens next?

You’re going to be stuck with a much higher monthly payment. Make sure that when you start negotiations, you know the alternatives. You can’t negotiate unless you come from a position of power.

You must be able to say, “I can afford to walk away from the negotiating table if you push me to hard. If the bank pushes me to a monthly payment that I can’t afford, then I will walk away and get a better deal for myself elsewhere.”

Find what houses similar to yours are renting for. It might make sense to rent and divorce the unrealistic lender and overpriced mortgage.

I’ve seen so many people stay in their house and accept a monthly payment much higher than what they could rent a similar home for each month.

The other thing is, they’re already strapped just trying to pay their mortgage month. It becomes a struggle to put food on the table. How did that happen?

Well, their lender was good at negotiating. Don’t let someone who’s good at negotiating push you around and take food off your table.

Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at I will contact you for a free consultation.

When we talk, I will explain how the process works in detail. If you prefer, then you can call me at (201) 825-6600 x343 or on my cell at (201) 674-3114. If you prefer, just fill out the form by clicking the words, Contact Me below:


Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Bergen County Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, James Lockard.

James is a Realtor-Associate at RE/MAX Properties.

Office: (201) 825-6600 Cell: (201) 674-3114.

View My homes for sale at
Find Information about Bergen County Real Estate

James Lockard specializes in loan modification assistance and short sales in Bergen County New Jersey. Bergen County Loan Modification Help, Bergen County short sales, Bergen County Short Sale Realtor, Short Sale Realtor, Bergen County NJ Short Sales, Bergen County Realtor

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

James Lockard, RE/MAX Properties, and the Stop Foreclosure Institute are not associated or affiliated in any way, shape, or form with the government. Our services have not been reviewed, endorsed, or approved by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

If you stop paying your mortgage, then you could lose your home and damage your credit. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Lockard’s personal views and do not reflect the views of RE/MAX Properties.

This information on Thinking About A Bergen County Loan Modification? Run The Numbers First is provided as a courtesy to our viewers to help them make informed decisions.

Comments (0)