Loomis Short Sale Help | Short Sale Loomis or Loomis Loan Modification
Loomis Homeowners have a hard time realizing how difficult it is to get a reasonable Loomis loan modification. The banks will do everything they can to provide false hope in order to squeeze Loomis homeowners for as much money as they possibly can. Like trial loan modifications designed to collect money from the homeowner for a period of several months...only to reject them for a permanent loan modification after they made all of their payments on time. Banks also fail to disclose that starting the trial loan modification process will damage your credit, even if you did not miss a payment. They will report to the credit bureaus that you are delinquent.
Here is an example of a homeowner that accepted a loan modification. The homeowner was desperate to keep his home.
After loan modification, he is paying over $9,000 a month. Now it would cost about $4,000 a month to rent a comparable home.
The homeowner could save over $5,000 a month if he completed a short sale and rented a similar home. What could you do with an extra $5,000 every month? Save for retirement, pay down debt, vacations, and more.
I project that it will take 9 years for his house to break even with an average rate of appreciation. It will cost him over $700,000 over the next 9 years while he and his family wait for their home value to break even.
The only principal reduction available is to short sell their home.
If you qualify, it is possible to buy a replacement home right after completing a short sale. Considering a Loomis Short Sale?
How many years will it take before you can sell your home and break even? Find out now:
Looking for Loomis Short Sale Help?
I have helped others to successfully come out of what they thought to be “a tough and an unavoidable” situation and I can help you as well. Contemplating a Loomis Short Sale?
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (916) 642-9090
Thanks for reading this,
Mark Peek
Mark Peek is the Loomis Short Sale Expert at Keller Williams Realty. Loomis Short Sale Information
Phone: (916) 580-6084. mdpeek@gmail.com.
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Mark Peek specializes in short sales in Loomis CA and surrounding areas including Rocklin, Lincoln, Folsom, El Dorado Hills, Citrus Heights, Granite Bay, Loomis, Fair Oaks, Carmichael, Sacramento, Antelope, Elk Grove, and more. Loomis Short Sale
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. The views expressed here are Mark Peek's personal views and do not reflect the views of Keller Williams Realty on Loomis Short Sale
Mark Peek specializes in loan modification assistance and short sales in Loomis CA, Loomis Short Sale
This information is provided as a courtesy to our viewers on a Loomis Short Sale
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