Loan Modifications

So you, like many others in today's reality, are having a hard time making those monthly payments. Not sure where to turn?
Step one- Call you mortgage company!!!!! Explain your situation and discuss what opportunities you have. You may be pleasantly surprised that your lender may have a solution for you.
Unfortunately, we have spoken with too many folks who just walked away from their properties. Several even took the time to mail the keys. Many of these folks never bothered to call their lender to see what, if anything , can be done. The few that did, did so once and accepted the response from an incompetent clerk.
Step 2- Demand to speak with "LOSS MITIGATION" No one else has the power to do anything other than try to convince you to pay your mortgage. The loss mitigation dept can reduce your rate, streatch your loan out for 40 years, even in rare cases reduce your principal - all through loan modification.
Bottom line is- don't go down with out a fight. Call, discuss, work it out. In a few years, once the market turns around- you will be so glad you stuck it out.
Andy if you have any questions or wish to discuss the sale or purchase of a property, please call RSP International Realty. Our team of consultants are ready to assist you in making the right descisions in a tough market.
Call 954-632-5514 for more information.