We are Loan Modification and Short Sale Negotiators

If you have considered a Loan Modification or Short Sale, or other alternatives to get out from under your home, chances are, we can help.

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Loan Modifications

If you are interested in keeping your home, but cannot afford your house payments, chances are you may qualify for a Loan Modification.  Most Loan Modifications comprise of rate and payment reductions.

Under the Making Home Affordable Program, homeowners can modify their mortgage payments, including taxes, insurance and HOA dues, down to 31% of their gross income.

A simple test to see if you can qualify, would be to determine your gross monthly income (before payroll and tax deductions), and multiply this amount by 31%.  If your house payments with taxes, insurance, MI, and HOA dues is more than this amount, chances are, you may qualify.

IMPORTANT NOTICE:  Don't face your lenders alone.  There's more to qualifying than this simple calculation.  When you apply for a Loan Modification, you will have to provide your Lenders with a Financial Statement.  Do you know how much and which expenses to declare?  Showing too much or too little in other, non-mortgage related expenses can be cause for denial.  The bank may determine that helping you may be a "lost cause" if you reveal too much, and they may decide you should have no problem making your house payment if you reveal too little.

We all know how foolish it could be to represent ourselves in court, the same could hold true in facing your lenders.

Our Agents stay up to date on current MHAP guidelines, and know what the lenders are looking for to qualify you.  Do you?  Besides our expertise, we are willing to spend the time it takes to get through to your bank on a regular basis.  It's what we do.  Are you willing and able to spend an hour a week on the phone with your lender? 

If you believe you may qualify for a Loan Modification, and wish to retain our services, please don't hesitate to call.  We are here to help, and offer a FREE, NO OBLIGATION review of your financial situation.

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Short Sales

In our valley's real estate market, most homeowners are finding that they owe more than their home is worth.  A Short Sale is simply a sale of a property in which the lien holders are asked to accept a reduced payoff amount for less that what is owed.  This is a great alternative to foreclosure, with a far less severe impact to one's credit. 

According to current Fannie Mae lending guidelines, a home owner could have to wait up to 5 years before they can buy a home again with a foreclosure on their credit report.  There are already lending programs available to homeowners who can buy immediately following a successful short sale with no late mortgage payments... the wait is only 1-2 years if you are currently late on your mortgage.

As is the case with Loan Modifications, lenders require "proof of Financial Hardship" in order to be eligible for a Short Sale.  That's not to say you have to be absolutely buried in debt.  We have successfully helped many Investors out of bad rentals that are not cash-flowing, or are too far upside down to ever be able to be sold at a profit.  We have also helped many homeowners who just bought at the wrong time.

Our team will align you with an elite Real Estate Agent to represent you and negotiate your short sale for you.

IMPORTANT NOTICE:  All major lenders REQUIRE representation of a homeowner by a licensed real estate professional in order to be considered for a Short Sale.
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As a reminder, we are offering you a FREE CONSULTATION to explain your options and help you decide on a course of action. The idea of losing a home can be overwhelming, and we feel it is vital for you to have all the facts necessary to make an informed decision.