The Lotus Realty Group
Real Estate Specialist
We LISTEN, then we LIST!
- Tel: (858) 764- 7300
- Fax: (858) 755-7544
- Send eMail
Loan Modification
Many people in Pre-Foreclosure become struck with fear and panic and begin reaching for the nearest agent, or the nearest Loan Modification company. We understand that fear. A lot of feelings come up for homeowners who are defaulting on their loans. Anger, denial, shame and grief. "This is my wife's/husband's dream home"..."I don't want to uproot my children from their school or their friends, "The bank won't refinance my home"..."I have always paid my bills"...
I want to reassure you that there are many people in the same position you are and sometimes it is not anything you have done, it is circumstances out of our control. Three very important points to know if you are in Pre-Foreclosure..1. Find out what all of your options are. 2. Figure out which one is best that will allow you to accomplish what you want to accomplish. 3. ACT IMMEDIATELY
Yes, this is a devastating time for most people going through Pre-Foreclosure; however, theSALE
Loan Modification is one of your options. However, going to a loan modification company in a panic will only worsen your situation. There are a lot of companies out there that will put you in a worse situation then you began in this journey and on top of that will charge you an astronomically high fee to get started, which in most cases is a mortgage payment. They figure if you are desperate enough to stay in your home, you will come up with the money somehow. But you can see in the scheme of things, putting a bandage over a bandage and so on is not really helping the situation, is it? Also, picking the first agent that comes along to help you in a Short Sale, if that is your option, will not benefit you either. A Short Sale transaction is very different than a regular transaction. An agent must have POWERFUL negotiating presence with the Lenders, they also need to know proper procedure/paperwork that needs to be obtained up front, no exceptions, and the TENACITY to push these through. Many agents won't even touch these type of transactions and many do take a signed contract just to take a listing and then let it fall through the cracks.
We at The Drolet Team offer aONE STOP, ONE TEAM , FULL CIRCLE
I want to reassure you that there are many people in the same position you are and sometimes it is not anything you have done, it is circumstances out of our control. Three very important points to know if you are in Pre-Foreclosure..1. Find out what all of your options are. 2. Figure out which one is best that will allow you to accomplish what you want to accomplish. 3. ACT IMMEDIATELY
Yes, this is a devastating time for most people going through Pre-Foreclosure; however, the
Loan Modification is one of your options. However, going to a loan modification company in a panic will only worsen your situation. There are a lot of companies out there that will put you in a worse situation then you began in this journey and on top of that will charge you an astronomically high fee to get started, which in most cases is a mortgage payment. They figure if you are desperate enough to stay in your home, you will come up with the money somehow. But you can see in the scheme of things, putting a bandage over a bandage and so on is not really helping the situation, is it? Also, picking the first agent that comes along to help you in a Short Sale, if that is your option, will not benefit you either. A Short Sale transaction is very different than a regular transaction. An agent must have POWERFUL negotiating presence with the Lenders, they also need to know proper procedure/paperwork that needs to be obtained up front, no exceptions, and the TENACITY to push these through. Many agents won't even touch these type of transactions and many do take a signed contract just to take a listing and then let it fall through the cracks.
We at The Drolet Team offer a
Call today , set an appointment to meet with Cari Drolet for a free consultation.... 800 524-0479
- Office Location:
- Keller Williams Realty - Cari Drolet Team
- 6005 Hidden Valley Road Suite 200
- Carlsbad, CA
- 92011
- Phone:
- (858) 764- 7300
- Fax:
- (858) 755-7544
- Cell:
- (760) 707-3072
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