People have a hard time grasping how difficult it is to get a loan modification that is fair. These banks just do everything they can to squeeze homeowners for as much money as possible.
Here is an example of a homeowner that accepted a forbearance agreement with their lender. The homeowner was desperate to keep his home and just accepted the first offer his lender made.
Today, he is paying $4,400 monthly. The sad thing is that it would cost her about $2,500 a month to rent a comparable home.
He could save $1,900 monthly if he moved out and rented a similar home. But, even worse is how much money this will cost him over the long term.
I project that it will take 19 years for his house to appreciate back to what he originally paid for the house. He will overpay his lender by $433,200 over the next 19 years while him and his family wait for the housing market to recover.
It’s sad, but the only way that I have seen anyone receive a principal reduction is to short sell their house.
You can even buy another house right away if you qualify for the guidelines of certain short sale programs. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at email@example.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (800) 776-5915
Thanks for reading this, Earle Carvin.
Earle is a Real Estate Agent at Pacific Shores Real Estate Inc. Temecula & Murrieta Short Sales Realtor:
Phone: (800) 776-5915. firstname.lastname@example.org.
View My homes for sale at www.24-7HomeSales.com
Earle Carvin specializes in loan modifications and short sales in Temecula & Murrieta California. Temecula Loan Modification Help. Temecula Short Sales. Temecula Short Sale Realtor. Murrieta Loan Modification Help. Murrieta Short Sales. Murrieta Short Sale Realtor. Temecula & Murrieta CA Short Sales. Temecula & Murrieta Realtor.
Copyright 2012 All Rights Reserved.
Earle Carvin, Pacific Shores Real Estate Inc is not affiliated in any way, shape, or form with the government. Most lenders willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan.
However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.
We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
The views expressed here are Earle’s personal views and do not reflect the views of Pacific Shores Real Estate Inc.
This information on Another Example Of Just How Lousy A Temecula & Murrieta Loan Modification Is For You is provided as a courtesy to our viewers to help them make informed decisions.