The Truth About Short Sales, Loan Modifications and Foreclosure.m4v

http://TheCapstoneTeam.com (510) 432-0617 Andrea Szekrenyi of The Capstone Team @ Keller Williams - Three Names You Can Trust! - gives you the truth about Loan Modifications, Short Sales and Foreclosures.

Loan Mods are great if you can get one that lowers your payment enough to be of help to you. The truth is that only 10% of loan mods that are applied for actually go permanent.

Short Sales are your next best option - You may be able to make from $9,000 to $21,000 if your current monthly payment is $3,000 and your short sale takes 6 months and you get the HAFA incentive. This is good news.

If you do perform a short sale, you may also qualify for another mortgage in 2 to 3 years.

Foreclosure - Your worst option - You may not be able to purchase another property for 5 - 7 years if you allow a lender to foreclose. It is avoidable, you just need help.

Finally, the deed in-lieu of foreclosure lulls some consumers into a false sense of security. The truth is that a dead in-lieu of foreclosure is seen and treated the same way by lenders as a foreclosure. You may not be able to purchase a property for another 5-7 years.

The Capstone Team can help you if you are in financial distress and cannot make your mortgage payments, or have received a notice of default. We also have close realationships with other professionals such as CPA's, Attorney's and Loan Modification Resources, so never hesitate to contact us if you need help.

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• Loan Mods
• Loan Mod
• Loan Modification
• Short Sale
• Foreclosure
• Fremont
• Union City
• Newark
• CA