We come across many home owners that come to us for advice regarding what to do to begin the loan modification process.  Many home owners inform us that they are either experiencing financial hardship, they've experienced a death in the family, or some home owners just plainly don't want to pay a high payment for a house that no longer has the value it once had. 

Our expertise is in selling homes.  Since the market has taken a major change in all aspects of real estate, we have educated ourselves on the short sale process.   Banks are becoming a lot more lenient in approving short sales, and it seems that the loan modification process has taken a back seet for many banks.  We can simpathize with home owners because we understand that they want to do everything they can to stay in their homes and sometimes it is possible for them to do so through a Loan Modification. 

If you are attempting a loan modification and you are wondering why the bank is not allowing you to do a loan modification, we have found an online explanation to why it many times benefits a bank to do a short sale rather than a loan modification.  It is our prediction that there are going to be many short sales this year because of this process. 

Click on the link below and it will take you to the video.  If you ever have any questions regarding either a loan modification or a short sale, please call us any time.

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