Top 5 Loan Modification Secrets 

For some homeowners in danger of losing their home to foreclosure, there has been a lot of incomplete information out there. Many believe that a loan modification is a "cure-all" for distressed homeowners. Some homeowners believe that a loan modification is the same thing as principle forgiveness. The reality is, a loan modification simply reorganizes the loan to provide temporary financial relief.

While a loan modification may be a good option for some, it is not always the best solution for all homeowners – and there are more options available for those who are struggling.

As a real estate professional with the Certified Distressed Property Expert (CDPE) Designation, I have put together a list of the top 5 questions that anyone who is in danger of losing their home should ask before they make a decision:

  1. Has the bank already begun the foreclosure process?
  2. How much other debt do I have?
  3. Is the issue that is causing my hardship temporary?
  4. Is it mandatory that I stay in my current home?
  5. Have I considered other options?

As a CDPE Designated REALTOR, I am uniquely qualified to walk distressed homeowners through the many foreclosure alternatives that are available. To receive a complimentary copy of my report, Loan Modification Secrets, please visit me online at www.RussoTeamHelps.com – or call me today for a private consultation to discuss your personal situation, 602-864-1200  - Frank