An Ugly Truth Banks Don't Want YOU to Know

The biggest reason that loan mods are virtually never granted is that the so called “lender” is actually only a servicer of the loan and not the true holder of the note.  We’re going to talk about this in more detail in a subsequent blog post but knowing that this is true in 80 to 90% of all mortgages (originated or refinanced from 2000 to 2009) can save homeowners a lot of heartache.

What we see so often is homeowners trusting in the “nice people” in the loan mod department who are “working hard” to push the loan mod through.  However, they just need more information or they lost what was already sent them or there are further questions that need answering, and so forth.  THERE ARE USUALLY DELAYING TACTICS ON THE PART OF THE BANK.

Loan Modification Sucks

Homeowners believe that their bank has their best interests at heart.  They believe the people in the loan mod department with the bank that tell them that their loan mod is “in process” and with just a little more information, the loan mod will be granted.

IT IS A LIE!!  THERE WILL MOST LIKELY BE NO LOAN MOD!!

Our experience and the experience of others in this field show that the VAST MAJORITY OF LOAN MODS ARE DENIED!

In Foreclosure? What Are Your Options?

You have found this blog because you are in foreclosure or you have received a notice of default from your lender. You are worried that you will lose your home. You have a heavy weight on your chest feeling you have failed financially to support your family. You feel terrible with the uncertainty of NOT knowing what will happen to you and your family when they foreclose on your home. You cannot even sleep because of the anxiety. You are losing not just your home but your physical health and even your emotional health too.

When you search online, the options sound confusing, overwhelming and you are not sure if they will help you at all. These are: