Did you know that there will be over 2 MILLION home forclosures this year?
You’ve probably heard that getting a loan modification can a be time-consuming and exhausting process. Even though the Obama administration’s “Making Home Affordable” program is designed to help homeowners keep their homes, a recent CNN investigation revealed the shocking truth: rather than helping people, banks are giving homeowners the runaround.
- Eligible applicants are being denied assistance.
- Homeowners are being pressured into loans they can’t afford.
- Homes are being placed in foreclosure while their owners are being considered for a modified loan.
- Lenders are making people waive their legal rights — even though the program prohibits it.
- Banks are mistakenly telling homeowners that they need to be in default on their mortgage to qualify for the program.
It never hurts to have a back-up plan. If you are behind on your mortgage, loan modification may be the answer you are looking for, but how do you effectively advance through the system without getting caught in one of these common pitfalls?
You need an advocate on your side… someone who knows the complex practices of the financial industry and can cut through the red tape to get you the help you need.
These Loan Modification Specialists can work for you to negotiate with your mortgage lender. They will review your specific situation and present you with several proposals so you can decide what will work best for you. And they will also help you to audit your loan, refinance your current mortgage, or set up a short sale if a loan modification is not the right option for you to take.
So, if you are having trouble staying current on your mortgage, or are concerned about your financial future, don’t become a statistic! You have options — act now!
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