Wednesday, March 4, 2009

Loan Modification...What Is The Real Story?

As our economy has been dealt serious blows, starting with the housing market...and of course the well-documented corporate greed on Wall Street, more and more Americans are at risk for losing their homes. The unfortunate reality is that lenders lack the resources to save every homeowner and many are getting lost in the resulting economic quagmire. An individual's sense of pride, joy, and security of home ownership is withering away with the crippling economy. The foreclosure rate is staggering...but there is a way to avoid this catastrophe...loan modification which allows the individual to stay in their home. This is a program for individuals of all income levels that can document a "financial hardship" by certain criteria. Loan modification experts can effect the negotiation process between the homeowner and the lender. This takes the stress and worry away from the burdened homeowner. It also gives the lender a professional to work with who understands the process and can effect the most efficient negotiation.

We will review three basic elements of the loan modification process...

1.] The Legal Aspects of Doing Loan Modification.
2.] Loan Modification and What it Will Do for the Homeowner.
3.] How Does the Lender "Win"? What Does the Future Hold?

As we discuss these elements over the three issues, a clear picture will shed light on the loan modification process and hopefully will encourage those who are facing certain financial challenges...that there is a way. WE CAN HELP...it can be a "Win-Win" for both the homeowner and the lender. Stay tuned...

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