Two headlines in the news are showing us that in certain situations Loan Modifications are going to make sense.
1. Study: Foreclosed properties losing luster - Nashville Business Journal
47 percent of US adults said they would consider a foreclosed property, down from 54% meaning that foreclosures are becoming less motivating for buyers.
Some of these foreclosures could have been saved through Loan Modification creating a less than ideal but still a win-win-win situation for the investor, banker and home owner. Now the homeowner loses and some of these properties will be sitting for quite a while leaving the investors waiting and most likely losing.
2. Federal bank bailout isn't trickling down, panel told-By Ralph Vartabedian LA TIMES
Las Vegas is extremely hard hit right now. excerpt from the article.
"It is a sad day when a child writes to Santa that all she wants for
Christmas is food," (Wow! This is America right?.) said Julie A. Murray, who operates the Three Square
food bank.
"If the Treasury cannot devise a program that moves money into the
economy, then they are failing in their mission," -Elizabeth Warren, the Harvard University law professor.
The bailout is not being felt by the people and it's starting to become obvious. Another reason why Loan Modification begins to make more and more sense. We need modifications to help stabilize the economy.
Loan modification is the only ray of hope against foreclosure.
The most trusted source online for free loan modification assistance. We can save your home!
FREE LOAN MODIFICATION
Posted by: Hant | 02/15/2009 at 02:04 PM
Loan modification is the only ray of hope against foreclosure.
The most trusted source online for free loan modification assistance. We can save your home!
www.freeloanmodify.com
Posted by: Hant | 02/15/2009 at 02:06 PM