San Diego Real Estate
The Very Wise Words of Ludwig von Mises
Who in the world is Ludwig von Mises? He was an Austrian economist who was known for his contrarian views on how markets and people work. Mises had many insightful views on business. Here's one: “ It is not correct foresight as such that yields profits, but foresight better than that of the rest. The prize goes only to the dissenters, who do not let themselves be misled by the errors accepted by the multitude.”
Long-time readers will recognize a Misesian theme in some of our writings. For the past year, we've been counseling people to act, and not to wait until all signs point up, because when everything looks positive (or when everything looks negative), the multitude is in control.
We argue that today a “multitude” of negativity still pervades the market, making it a buyer's market. (We could have said there was a “multitude” of positivity in 2006, which made it a seller's market.) The problem is, it's difficult to stand against the multitude, even though it's often in our best interest to do so. Most people simply find it too uncomfortable to separate themselves from the crowd and look past today's problems to today's opportunities.
Fortunately, to be a successful dissenter, we only have to be mostly correct, not completely. We feel mostly correct in saying that buying real estate at today's prices and at today's rates will prove very profitable a few years from now.
Following these tips can mean the difference between failure and success on the sale or purchase of your home. Thinking about buying or selling a home?
If you think your house is worth less than what you owe on it, no problem… I can help you short sale your property and never pay the bank another penny. Send me an e-mail at http://www.henry@houseinsandiego.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 619-517-6791
Discover how other sellers successfully completed a short sale and request a free consultation by http://houseinsandiego.com/MarketAnalysis"> clicking here.
Thinking about a loan modification? Our Eastlake loan modification kit has the instructions you will need to get a loan modification approved with your bank
Thinking about Selling your home?
I will deliver the highest end result benefits to you, in the time you want. I have the skills, I am ethical, trustworthy and most of all….I care about my customers. http://www.houseinsandiego.com
For anything related to Real Estate in San Diego, or Real Estate in Chula Vista.
Call me, I am your local Real Estate Expert, I will make sure I provide answer to any question or concern you might have in regards to Real Estate, the market, selling your home, buying an investment home, buying your first home, upgrading to a bigger home, etc… I am sure I can help you, and will do it with passion; I have been in Real Estate for many years and truly enjoy working with people like you, and helping turn their dreams into.
Start by visiting my website at: http://www.houseinsandiego.com
Thanks for reading this, Henry Pailles.
Henry is a Real Estate Broker at houseinsandiego Realty.
San Diego Real Estate, with great experience in San Diego homes, Investors, Foreclosures, Short sales, Creative financing.
Phone: 619-517-6791. henry@houseinsandiego.com
Are you at risk of losing your home? ...We can help!
View My San Diego homes for sale at www.houseinsandiego.com
Henry Pailles specializes in loan modification assistance and short sales in San Diego California. San Diego and Eastlake Loan Modification Help, Chula Vista Short Sales. Eastlake Short Sale Realtor. Chula Vista CA.
San Diego home, Chula Vista home, San Diego Real Estate, Chula Vista Real Estate, Chula Vista Short sales, San Diego Realtor, Chula Vista Realtor, Eastlake Realtor Loan Modification Help, Chula Vista CA Short Sales. Chula Vista CA Short Sale Realtor. Eastlake CA Short Sales. Eastlake Realtor.
Copyright 2011 houseINsandiego Realty. All Rights Reserved.
Henry Pailles is the Broker of houseinsandiego Realty. Our services have not been reviewed, endorsed, or approved by the government or your lender. 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. We do offer a loan modification kit.
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.
If you stop paying your mortgage, then you could lose your home and damage your credit. 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.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Pailles's personal views and do not reflect the views of houseinsandiego Realty.
This information on this blog is provided as a courtesy to our viewers to help them make informed decisions.
This Blog is intended to help anybody dealing with Real Estate in San Diego, looking to buy or sell a San Diego home, a Chula Vista home, do a San Diego Short sale, buy Foreclosure or REO property, Save a home from foreclosure, Short sale in San Diego to avoid foreclosure. People that are looking for a San Diego Realtor or Chula Vista Realtor
Showing posts with label henry. Show all posts
Showing posts with label henry. Show all posts
Monday, April 11, 2011
San Diego Real Estate
MARKET RECAP
Are delinquency and foreclosure rates really falling? Based on this past week's data releases, it appears they are.
Hope Now, an alliance of mortgage servicers and home-retention counselors, reports that the number of loans classified 60 or more days delinquent fell to 2.78 million mortgages in February from 2.95 million in January. Freddie Mac reports that less than 4 percent of its single-family home loans are at least three payments behind or heading into foreclosure, which is less than half the year-ago rate.
Two more government agencies – the Office of the Comptroller of Currency and the Office of Thrift Supervision – offer more proof that delinquencies and foreclosures are on the mend. They report that the percentage of mortgages classified as seriously delinquent fell in all four quarters of 2010, while seriously delinquent mortgages at the end of the year dropped to a level unseen since the second quarter of 2009.
The detractors remain unconvinced: they counter that last year's moratorium on foreclosures has skewed the numbers, and that delinquencies and foreclosures are set to rise. Even the OCC and OTS say that they expect foreclosure activity to increase in 2011 as moratoriums thaw.
That could very well be the case, but we think there is more at work here than just a thawing of moratoriums. Payroll employment and economic growth have posted strong gains over the past few months. That means more people are able and willing to service their obligations, including mortgage obligations.
Pricing could be the wild card in the delinquency-foreclosure trend. Admittedly, the news on national home prices has been weak over the past couple months. However, real estate is local. Home prices in West Virginia are up over 5 percent year-over-year, and they're up over 4 percent in New York and North Dakota . The usual suspects – Arizona , Florida , Michigan – have posted double-digit declines. That said, Arizona and Florida were two of the most overbuilt states; Michigan is one of the most economically depressed. They're not representative of most real estate markets.
Therefore, we will stick by our guns: stable and improving prices will prevail. We are encouraged by the sharp decline in the rental vacancy rate, to 6.2 percent in the first quarter of 2011, which suggests to us that excess supply is being absorbed. In fact, the vacancy rate is back to early 2008 levels, and is not far above the rate in 2006 (around 5.7 percent). As the vacancy rate falls, rents will rise and this will help support home prices.
Following these tips can mean the difference between failure and success on the sale or purchase of your home. Thinking about buying or selling a home?
If you think your house is worth less than what you owe on it, no problem… I can help you short sale your property and never pay the bank another penny. Send me an e-mail at http://www.henry@houseinsandiego.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 619-517-6791
Discover how other sellers successfully completed a short sale and request a free consultation by http://houseinsandiego.com/MarketAnalysis"> clicking here.
Thinking about a loan modification? Our Eastlake loan modification kit has the instructions you will need to get a loan modification approved with your bank
Thinking about Selling your home?
I will deliver the highest end result benefits to you, in the time you want. I have the skills, I am ethical, trustworthy and most of all….I care about my customers. http://www.houseinsandiego.com
For anything related to Real Estate in San Diego, or Real Estate in Chula Vista.
Call me, I am your local Real Estate Expert, I will make sure I provide answer to any question or concern you might have in regards to Real Estate, the market, selling your home, buying an investment home, buying your first home, upgrading to a bigger home, etc… I am sure I can help you, and will do it with passion; I have been in Real Estate for many years and truly enjoy working with people like you, and helping turn their dreams into.
Start by visiting my website at: http://www.houseinsandiego.com
Thanks for reading this, Henry Pailles.
Henry is a Real Estate Broker at houseinsandiego Realty.
San Diego Real Estate, with great experience in San Diego homes, Investors, Foreclosures, Short sales, Creative financing.
Phone: 619-517-6791. henry@houseinsandiego.com
Are you at risk of losing your home? ...We can help!
View My San Diego homes for sale at www.houseinsandiego.com
Henry Pailles specializes in loan modification assistance and short sales in San Diego California. San Diego and Eastlake Loan Modification Help, Chula Vista Short Sales. Eastlake Short Sale Realtor. Chula Vista CA.
San Diego home, Chula Vista home, San Diego Real Estate, Chula Vista Real Estate, Chula Vista Short sales, San Diego Realtor, Chula Vista Realtor, Eastlake Realtor Loan Modification Help, Chula Vista CA Short Sales. Chula Vista CA Short Sale Realtor. Eastlake CA Short Sales. Eastlake Realtor.
Copyright 2011 houseINsandiego Realty. All Rights Reserved.
Henry Pailles is the Broker of houseinsandiego Realty. Our services have not been reviewed, endorsed, or approved by the government or your lender. 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. We do offer a loan modification kit.
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.
If you stop paying your mortgage, then you could lose your home and damage your credit. 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.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Pailles's personal views and do not reflect the views of houseinsandiego Realty.
This information on this blog is provided as a courtesy to our viewers to help them make informed decisions.
This Blog is intended to help anybody dealing with Real Estate in San Diego, looking to buy or sell a San Diego home, a Chula Vista home, do a San Diego Short sale, buy Foreclosure or REO property, Save a home from foreclosure, Short sale in San Diego to avoid foreclosure. People that are looking for a San Diego Realtor or Chula Vista Realtor
MARKET RECAP
Are delinquency and foreclosure rates really falling? Based on this past week's data releases, it appears they are.
Hope Now, an alliance of mortgage servicers and home-retention counselors, reports that the number of loans classified 60 or more days delinquent fell to 2.78 million mortgages in February from 2.95 million in January. Freddie Mac reports that less than 4 percent of its single-family home loans are at least three payments behind or heading into foreclosure, which is less than half the year-ago rate.
Two more government agencies – the Office of the Comptroller of Currency and the Office of Thrift Supervision – offer more proof that delinquencies and foreclosures are on the mend. They report that the percentage of mortgages classified as seriously delinquent fell in all four quarters of 2010, while seriously delinquent mortgages at the end of the year dropped to a level unseen since the second quarter of 2009.
The detractors remain unconvinced: they counter that last year's moratorium on foreclosures has skewed the numbers, and that delinquencies and foreclosures are set to rise. Even the OCC and OTS say that they expect foreclosure activity to increase in 2011 as moratoriums thaw.
That could very well be the case, but we think there is more at work here than just a thawing of moratoriums. Payroll employment and economic growth have posted strong gains over the past few months. That means more people are able and willing to service their obligations, including mortgage obligations.
Pricing could be the wild card in the delinquency-foreclosure trend. Admittedly, the news on national home prices has been weak over the past couple months. However, real estate is local. Home prices in West Virginia are up over 5 percent year-over-year, and they're up over 4 percent in New York and North Dakota . The usual suspects – Arizona , Florida , Michigan – have posted double-digit declines. That said, Arizona and Florida were two of the most overbuilt states; Michigan is one of the most economically depressed. They're not representative of most real estate markets.
Therefore, we will stick by our guns: stable and improving prices will prevail. We are encouraged by the sharp decline in the rental vacancy rate, to 6.2 percent in the first quarter of 2011, which suggests to us that excess supply is being absorbed. In fact, the vacancy rate is back to early 2008 levels, and is not far above the rate in 2006 (around 5.7 percent). As the vacancy rate falls, rents will rise and this will help support home prices.
Following these tips can mean the difference between failure and success on the sale or purchase of your home. Thinking about buying or selling a home?
If you think your house is worth less than what you owe on it, no problem… I can help you short sale your property and never pay the bank another penny. Send me an e-mail at http://www.henry@houseinsandiego.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 619-517-6791
Discover how other sellers successfully completed a short sale and request a free consultation by http://houseinsandiego.com/MarketAnalysis"> clicking here.
Thinking about a loan modification? Our Eastlake loan modification kit has the instructions you will need to get a loan modification approved with your bank
Thinking about Selling your home?
I will deliver the highest end result benefits to you, in the time you want. I have the skills, I am ethical, trustworthy and most of all….I care about my customers. http://www.houseinsandiego.com
For anything related to Real Estate in San Diego, or Real Estate in Chula Vista.
Call me, I am your local Real Estate Expert, I will make sure I provide answer to any question or concern you might have in regards to Real Estate, the market, selling your home, buying an investment home, buying your first home, upgrading to a bigger home, etc… I am sure I can help you, and will do it with passion; I have been in Real Estate for many years and truly enjoy working with people like you, and helping turn their dreams into.
Start by visiting my website at: http://www.houseinsandiego.com
Thanks for reading this, Henry Pailles.
Henry is a Real Estate Broker at houseinsandiego Realty.
San Diego Real Estate, with great experience in San Diego homes, Investors, Foreclosures, Short sales, Creative financing.
Phone: 619-517-6791. henry@houseinsandiego.com
Are you at risk of losing your home? ...We can help!
View My San Diego homes for sale at www.houseinsandiego.com
Henry Pailles specializes in loan modification assistance and short sales in San Diego California. San Diego and Eastlake Loan Modification Help, Chula Vista Short Sales. Eastlake Short Sale Realtor. Chula Vista CA.
San Diego home, Chula Vista home, San Diego Real Estate, Chula Vista Real Estate, Chula Vista Short sales, San Diego Realtor, Chula Vista Realtor, Eastlake Realtor Loan Modification Help, Chula Vista CA Short Sales. Chula Vista CA Short Sale Realtor. Eastlake CA Short Sales. Eastlake Realtor.
Copyright 2011 houseINsandiego Realty. All Rights Reserved.
Henry Pailles is the Broker of houseinsandiego Realty. Our services have not been reviewed, endorsed, or approved by the government or your lender. 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. We do offer a loan modification kit.
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.
If you stop paying your mortgage, then you could lose your home and damage your credit. 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.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Pailles's personal views and do not reflect the views of houseinsandiego Realty.
This information on this blog is provided as a courtesy to our viewers to help them make informed decisions.
This Blog is intended to help anybody dealing with Real Estate in San Diego, looking to buy or sell a San Diego home, a Chula Vista home, do a San Diego Short sale, buy Foreclosure or REO property, Save a home from foreclosure, Short sale in San Diego to avoid foreclosure. People that are looking for a San Diego Realtor or Chula Vista Realtor
Tuesday, March 29, 2011
Chula Vista Short Sales: How Do I Get A Loan Mod On An FHA Loan?
Eastlake CA – The Stop Foreclosure recently received a question from Grant. Here was his question.
"I have an FHA loan and want to get a loan modification. My bank is playing hardball and won't modify the loan at all. My friend got a loan modification and said it was pretty easy. What can I do to modify my loan?" Grant.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
Here is the answer. I don't know the specific rules for FHA Loan Modifications. But, I do know how to find them. Here is what I have learned about FHA Loan Modifications and FHA Short Sales.
The FHA Program takes the loss on any short sales or loan modifications. Because of that they get to make the decisions on how loan mods and short sales are implemented.
The FHA program is administered by the Federal Department of Housing and Urban Development. Most people call it "HUD." HUD has specific employeeds that administer the FHA Loan Program.
Those employees do not review loan modifications or short sales themselves. Instead, they give specific written instructions to the lenders that handle the loans.
These specific instructions are called Mortgagee Letters. If the lender wants to be reimbursed for any loss by the FHA Insurance, then they must follow the instructions.
They issue updates to their directions regularly with new Mortgagee Letters.
Here is the bottom line. Your lender has to follow those written instructions. The good news is that you and I can access and read thru these letters online.
To find out the specific rules for an FHA Loan Modification, you will have to read thru the following Mortgagee Letters. Mortgagee Letter 2009-35, Mortgagee Letter 2000-05, Mortgagee Letter 2002-17, Mortgagee Letter 2008-21, Mortgagee Letter 2010-11, and Mortgagee Letter 2009-23.
I just found some good information in Mortgagee Letter 2002-17. "At no time shall the loan be considered delinquent solely because the borrower has not paid late fees or other foreclosure costs."
I have seen lenders put a borrower into default status and charge late fees on late fees. One late fee can blossom into thousands of dollars in charges. It looks like FHA doesn't like that practice.
There are probably a total of 40-50 pages that you will need to read thru. But, because you know the rules you will have the upper hand in any negotiations with your lender.
I think that is worth spending a little extra time reading thru everything. Thinking about a short sale?
I can help you short sale your property and never pay the bank another penny. Send me an e-mail at henry@houseinsandiego.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 619-517-6791
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Eastlake loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this, Henry Pailles.
Henry is a Real Estate Broker at houseinsandiego Realty. Eastlake Short Sales Realtor:
Phone: 619-517-6791. henry@houseinsandiego.com.
Are you at risk of losing your home? ...We can help!
View My homes for sale at http://www.houseinsandiego.com/.
Henry Pailles specializes in loan modification assistance and short sales in Eastlake California. Eastlake Loan Modification Help, Eastlake Short Sales. Eastlake Short Sale Realtor. Chula Vista CA Loan Modification Help, Chula Vista CA Short Sales. Chula Vista CA Short Sale Realtor. Eastlake CA Short Sales. Eastlake Realtor.
Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.
Important Notice
Henry Pailles, houseinsandiego Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. 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. We do offer a loan modification kit.
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.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Pailles's personal views and do not reflect the views of houseinsandiego Realty.
This information on Eastlake Short Sales: How Do I Get A Loan Mod On An FHA Loan? is provided as a courtesy to our viewers to help them make informed decisions.
Eastlake CA – The Stop Foreclosure recently received a question from Grant. Here was his question.
"I have an FHA loan and want to get a loan modification. My bank is playing hardball and won't modify the loan at all. My friend got a loan modification and said it was pretty easy. What can I do to modify my loan?" Grant.
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
Here is the answer. I don't know the specific rules for FHA Loan Modifications. But, I do know how to find them. Here is what I have learned about FHA Loan Modifications and FHA Short Sales.
The FHA Program takes the loss on any short sales or loan modifications. Because of that they get to make the decisions on how loan mods and short sales are implemented.
The FHA program is administered by the Federal Department of Housing and Urban Development. Most people call it "HUD." HUD has specific employeeds that administer the FHA Loan Program.
Those employees do not review loan modifications or short sales themselves. Instead, they give specific written instructions to the lenders that handle the loans.
These specific instructions are called Mortgagee Letters. If the lender wants to be reimbursed for any loss by the FHA Insurance, then they must follow the instructions.
They issue updates to their directions regularly with new Mortgagee Letters.
Here is the bottom line. Your lender has to follow those written instructions. The good news is that you and I can access and read thru these letters online.
To find out the specific rules for an FHA Loan Modification, you will have to read thru the following Mortgagee Letters. Mortgagee Letter 2009-35, Mortgagee Letter 2000-05, Mortgagee Letter 2002-17, Mortgagee Letter 2008-21, Mortgagee Letter 2010-11, and Mortgagee Letter 2009-23.
I just found some good information in Mortgagee Letter 2002-17. "At no time shall the loan be considered delinquent solely because the borrower has not paid late fees or other foreclosure costs."
I have seen lenders put a borrower into default status and charge late fees on late fees. One late fee can blossom into thousands of dollars in charges. It looks like FHA doesn't like that practice.
There are probably a total of 40-50 pages that you will need to read thru. But, because you know the rules you will have the upper hand in any negotiations with your lender.
I think that is worth spending a little extra time reading thru everything. Thinking about a short sale?
I can help you short sale your property and never pay the bank another penny. Send me an e-mail at henry@houseinsandiego.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 619-517-6791
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Eastlake loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this, Henry Pailles.
Henry is a Real Estate Broker at houseinsandiego Realty. Eastlake Short Sales Realtor:
Phone: 619-517-6791. henry@houseinsandiego.com.
Are you at risk of losing your home? ...We can help!
View My homes for sale at http://www.houseinsandiego.com/.
Henry Pailles specializes in loan modification assistance and short sales in Eastlake California. Eastlake Loan Modification Help, Eastlake Short Sales. Eastlake Short Sale Realtor. Chula Vista CA Loan Modification Help, Chula Vista CA Short Sales. Chula Vista CA Short Sale Realtor. Eastlake CA Short Sales. Eastlake Realtor.
Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.
Important Notice
Henry Pailles, houseinsandiego Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. 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. We do offer a loan modification kit.
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.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Pailles's personal views and do not reflect the views of houseinsandiego Realty.
This information on Eastlake Short Sales: How Do I Get A Loan Mod On An FHA Loan? is provided as a courtesy to our viewers to help them make informed decisions.
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