Loan Modification – Don’t Wait!

Posted on December 11, 2008
Filed Under Loan Modification, Refinance | 4 Comments

Don’t wait to begin your home loan modification program.   If you do not qualify for a refinance and you don’t want to sell your home with a short sale or loose it to foreclosure or give it back to the lender with a deed in lieu of foreclosure than you should consider a loan modification with your current lender.   Don’t wait!

You do not want too much time to go by and get behind on payments and end up with a foreclosure.  You do not want to see a form called:  “Notice to Vacate”.  Prepare for this way in advance.   Suppose you are having a hard time making your house payments right now but you are managing.  Consider the loan modification program right now. Get ahold of your lender and begin the discussion and even start the process.

Consider what will happen if you wait too long “hoping” things will get better.  That you will find a new job or the real estate market will quit slumping and there will be a turnaround and you won’t have to sell or loose your home to foreclosure.  What if those things don’t happen before it’s too late.  Better to prepare now.

If a “Notice to Vacate”  arrives at your doorstep – where will your family and children move to?   Have you found a rental agency or landlord that will rent if your fico score gets hammered during the notice of default period?   Is your income sufficient to qualify for a rental?

Don’t Wait.  Prepare Now.  Get started on your loan modification program today.


4 Responses to “Loan Modification – Don’t Wait!”

  1. O A P on January 19th, 2009 5:25 pm

    We have received the foreclosure notice of sale. I need to know what agencies are providing loan modification services. At this time it appears that no one know what I am talking about and the banks are not advertising loan modification services. Please could you tell me what agencies/banks in Kitsap County, Wa are working with these matters. Thank you for your assistance.
    Your website was very helpful.

  2. admin on January 24th, 2009 5:57 am
  3. D on March 16th, 2009 4:10 pm

    Hi, I am looking for someone as well, we are 3 months behind and don’t have a foreclosure yet…but it is emininent I think. We are in Vancouver Washington…and although we hear about the modification all the time on the news we also hear of “beware of the scamming companies”. When will this nightmare ever end! We have no idea who to contact that is reliable in our area. We tried to lookup washington state realtors, which was announced on the news but, unfortunately we were unable to find anything that related to the modification program. Please let me know if you have found a reputable company to deal with…thanks and good luck to you on your quest.

  4. Bill Black on January 2nd, 2011 6:37 am

    You may want see if you qualify for a free loan modification screening at the Law Office of Robert C. Russell P.C. in Vancouver. The office number and you can also get more information from their website.

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