Do you realize you were buying your house again and paying over $150,000 more that what's worth?

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.

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short sales

Fernando Herboso

Broker - Solutions Finder

"Don't Pray For A Miracle. . .expect it!"

Herboso & Associates llc

Office 240.898.1848

Cell 240.426.5754

Fax 888.913.3535

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!

Short Sales Maryland