After a long time ,credit crunched homeowners can see a ray of hope on the horizon.With the US legislators passing the 700 bn bailout package ,lot many homeowners are going to benefit from the loan modification programs.
Would Modifying loans became more easier? THE ANSWER IS YES
Since the government will be taking ownership of a number of subprime and other troubled mortgages that could be facing foreclosure, the government will have more power to influence loan servicers to modify the loans. Modifications may include rate adjustments, term extensions, or writedowns.
Does this means we see a huge spike in the number of closed loan modification deals? YES
why not ,with more relaxable terms and conditions ,more and more servicers will now need to modify existing loan deals.
Is this a good time to buy loan modification leads ? Yes
There cant be any better time,which lower risk involved and the profits being high enough ,I do advice more and more mortgage brokers and loan officers to get into loan Modification Industry.All you need to do is tie up with a nationwide loan modification and select a good leads provider for loan modification leads.
For more info check www.perfectnetbranch.com and www.mkscope.com
Comments(0)