Loan Modification and Short Sales

Whether we bought our homes within the last few years or not, we have seen the prices fall below what we are paying on our mortgages and that's not good.    Many homes have gone into foreclosure because of job losses, some the owners just give up on, 

   Homeowners may want to stay in their homes, but we are noticing they don't want to pay the high mortgage from 2 years ago.    Especially if they are renting their property out to tenants and the income is only 1300/mo. but the mortgage is 1800-2000/mo.   

There are solutions and the one thing my husband and i  always tell everyone is :   There are choices to each situation.   The worst thing we've noticed is people feel trapped like they cannot do anything about losign their home.   They can short sale, do a loan modification, or restructure of the mortgage,or lastly deed in lieu ( credit is affected with this) to avoid foreclosure and with the help of a Realtor who knows how to negotiate.   Anthony Hester has a working relationship with many of the banks on these issues and he puts his law background to use.