Take More Short Sale Listings with Loan Modifications!
Often times when I meet with distressed home owners to consult with them as to what their options are. I review three of the most commonly known possibilites, asking their current mortgage holder for a forebarance, applying for a Loan Modification, and lastly puting their home on the market as a Short Sale!
Once the homeowners know their options they express to me that they really do not want to lose their home in foreclosure or to sell the home as a short sale. In fact, they always ask “What can I do to keep my home?”
They often asked me if I can assist them with a Loan Modification. Until now I wasn’t willing to refer them to a Loan Modification company for a few reasons. First, I don’t trust several of the companies out in the market that often times charge a customer up front fees. We’ve all heard of those companies that bail out on the client and don’t accomplish much causing the homeowners to lose their homes in foreclosure. Second, I don’t want to lose that client’s possible future referrals based on an experience with a company that I had no input or control over. Lastly, I have no desire to actually do the Loan Modification myself because of the demand for time that it takes to process an actual modification.
I recenlty joined the Home Rescue Alliance so that I could provide a loan modification service without actually having to process the modification myself and, more importantly, with NO UP-FRONT FEES or out of pocket expenses. This is a fantastic way to provide the service yourself to YOUR clients and also earn additional income for simply referring the client to the Home Rescue Alliance.
I have attached a link to a 36 minute video presentation for you to view.
http://www.screencast.com/t/nDpJXkqY5Ck
Once viewed, please email or call me to answer any questions you may have or to get you started right away!
Hector Aguilar; haguilar@cbtcsocal.com , Direct (626)255-2783
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Comments
Loan modification is a process whereby a home owner’s mortgage is modified and both the lender and homeowner are bound by the new terms of the new mortgage. The most common loan modifications are listed below:
lowering the mortgage interest rate
reducing the mortgage principal balance
fixing adjustable interest rates within the mortgage
increasing the loan term throughout the mortgage
forgiveness of payment defaults and fees
or any combination of the above
A loan modification is a permanent change in one or more of the terms of a mortgagor’s loan, it allows the mortgage loan to be reinstated and results in a payment the mortgagor can afford.
Check out our Public site at http://LOANMODIFICATIONMORTGAGE.ORG
Hi Hector,
Thank you for the post. I will be contacting you regarding this company.
Regards,
Neressa