My client was astounded hearing me say that. .
Yes, in a loan modification, you are agreeing to a brand new loan. . you are buying your house again. . but this time you are paying $150,000 more than what's worth!.
Swallowing hard. . "I didn't not realize that. "
Our clients called on us after a failed loan modification with his lender.
So the question remains. .
Who benefits on a successful loan modification?
For those holding out hope that the federal government has any sort of solution to the foreclosure problem need look no further than the latest report published by the federal government about the number of families being helped with a loan modification. . .
It is simply a complete failure.
. . ..to continue reading please go to www.AdiosLender.com
Broker - Solutions Finder
"Don't Pray For A Miracle. . .expect it!"
Herboso & Associates llc
My real estate knowledge is always up-to-date. For expertise you can depend on, call me when you have questions about the market or are ready to make a significant move. . .Quality representation is not expensive, its priceless!