Some Valuable Information About Loan Modifications As A Short Sale Alternative

Today, let’s discuss loan modifications. If you are struggling to pay your mortgage or need to reduce your debt, I’m sure one of the options you are taking into account is trying to get your existing mortgage loan modified. Of course, there are good programs out here in Santa Monica for modifying your loan but you have to be careful; there are some tricks that you should watch out for.

Obviously your lender will not be thrilled about getting your loan restructured if you are already behind on the balance you owe; they would think that you’d still be unable to keep up with the modified loan. On the other hand, the bank would still want to get back the money they thought they would be getting when they lent it to you, so, there are still options for you.

If you qualify and you can show the bank that you can keep up with the payments for the modified loan and that it will help them avoid foreclosure and other fees, I may be able to help you get your loan modified. I want you to know that there is a very specific process in place for loan modifications in California and I am very willing to give you the loan modification package – for FREE!  I am very glad to offer it as a free service to anyone who needs more information on loan modifications and help them weigh their options.

Just a heads up: There are dozens of companies out there that offer to do loan modifications, but many attempt to charge you with an upfront fee, or a percentage of some sort. It is best for you to steer clear from these companies. Avoid these companies. Honestly, I have never heard of any successful loan modifications by any of these companies, and you should not have to pay anything for it upfront. If they aren’t willing to be patient and wait to get paid in the end, then they are not to be trusted and don’t have the confidence in seeing the transaction all the way through. To sum it all up, all you need is to prove that you can make future payments on the new modified loan, everything else is unnecessary. So you don’t need those companies to make an elaborate sales pitch for you and charge you with upfront fees.

Here’s the good news: if you take my FREE loan modification package, you can get the information you want for no cost at all, just like everybody else. If you would like more information on loan modifications or short sales please don’t hesitate to call me, email me, or visit my website to get more information. I would love to discuss all of the options for your underwater property. I am available to guide you and walk you through this process.  

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