Will the banks that got bailouts ever help the property owners by reducing the total?
loan amount? The value on my home has gone down by 60% and is going down even more.
I lost my 60K down payment, obviously.
I am working only 3 days a week and am having a hard time. They only want to modify my
mortgage by 100 dollars monthly which does not help me.
Is there any help to get the loan amount reduced so it matches with the value of the home?
Hi this is understandably a very tough situation and there are a lot of banks not granting loan mods. If all else fails ,we buy pre forclosure property and maybe able to help you avoid a foreclosure if we buy it as a short sale from you. You can visit http://www.foreclosurehelpinmiami.com or call us at 954-889-4403 and we can evaluate your home...
Hi Orlando,
Probably not. Banks historically and today is no different self-serving institutions not really interested in what best serves individuals or communities. Loan mods are granted according to published info to approx. 10% of the applicants, so they are possible but in the minority. If they will not work with you, consider a short sale on your home.
Best of luck,
Marty Kaiser
WOW what a great question- I only wish . . . .I . . .We . . .
had an answer for you Orlando. Keep trying!!!!!
john
Every once in a while this happens but it is very rare.
Have you tried a short sale?
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