Loan modification negotiation can be very frustrating

The entire loan modification process is flawed. The loan modification process is designed to fail. The biggest problem is that the lenders do not realize how much the housing market has declined. They think that kicking you out of your home will make them more money. The negotiations are all based off of how much the lender can squeeze out of you. They won't stop squeezing you until you repay every dime plus interest, attorney fees, and any other junk fees they can tack on. As a result, many loan modification customers end up paying more than their home is worth. Maybe they have a $450,000 mortgage, but their home is only worth $300,000. The homeowner can afford a payment equal to a $300,000 mortgage. However they can't afford to pay a $450,000 mortgage.

Has your home declined in value? If so, then you must bring your lender to reality. If you can prove that the home has dropped in value, then they will be more likely to accept a lower payment.

How do you show your lender that your home has dropped in value? When a home is in foreclosure, lenders ask a real estate agent to tell them what they think Broker's Price Opinion of Value BPOs to determine a home's value. You can order a Broker's Price Opinion of Value and provide it to your lender. They will have to consider the value when evaluating your loan modification. I can provide you with a Broker's Price Opinion when you request my free loan modification kit below. You can use it to convince your lender to approve your loan modification.

Thinking about a loan modification? Our loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at jp@inlandvalleyhomerescue.com to request a Free Copy. Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at jp@inlandvalleyhomerescue.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 (909) 581-2100 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.