Loan Modification Information

85% of Abundantco Group's clients have tried to do a loan modification before they reached out for short sale help. The statistics are horrible on how many people make it into a loan mod program and stay in the loan mod program. Most of the time, a loan modification will just extend "the pain" of the whole process, basically a "band-aid" to cover over a large wound. The root of the problem is that the borrower is in a home that is worth way less than the amount owed. This makes it so a sale of the home in the foreseeable future is nearly impossible, strapping the borrower to the home for a very long time.
There has never been a better time to consider a short sale. Many banks are motivated to get the "bad loans" off the books and there are even some laws in place to help out borrowers who sell their home short including The Mortgage Forgiveness Debt Relief Act.
Visit www.ShortSaleShift.com for answers to your short sale questions.

Category:

People & Blogs

Tags:

• Loan Modification
• Minnesota Foreclosure Help
• Minnesota Short Sale Team