Loan modification?

This is when the bank modifies your loan by lowering the interest rate on your current mortgage to make your payment affordable.

 I get this question on a daily basis. I would like to try and stay in my home, but what I would like to know is, “how do I qualify for a loan modification?” Some home owners have spent thousands of dollars to find out that it can't be approved. The easiest way to explain the process is that it’s like a refinance and you have to qualify within the banks guidelines. The best part about this is you can do this all on your own with a little guidance from me and it will not cost you a dime! 

Short Sale?

A short sale is when the bank approves to sell your home for less than what’s owed on the loan.

The bank authorizes to pay all fees involved in selling your home, including commission and property taxes. With my knowledge and expertise I negotiate all this for you and any other liens that you may have on title for removal and or get the buyer to pay these. The bank will give you this alternative when you get declined for the loan modification. This is way better than a foreclosure because the short sale shows up as a paid debt on your credit not a foreclosure, your credit rebounds much faster.

 Contact me today for a confidential interview.

todds@coldwellbanker.com

949.929.1339