Correction and Clarification of my local newspaper
More corrections to the media. This time in my home-town newspaper.
The definition of a short sale is: convincing the bank to accept less than the current balance owed as payment in full. Of course, the problem is, most of the current short sale tranactions leave open the possiblity for the lender to come back in the future for the difference. Contracting a third party to negotiate your short sale can eliminate that possibility.
The huge advantage is that when you want to buy a house again in the future, a lender will be much more receptive to approving your loan seeing that you faced your financial reality and cooperated with your former lender. It will be much easier to repair your credit. (You might consider engaging a credit repair company as you recover your future financial stability.)
There are four ways to apply for a mortgage modification. Currently, it is typical for your lender to stall your mortgage modification for months if you attempt it yourself. Reported statistics are equally poor for government-assisted negotiators. Third party, unlicensed mortgage modification negotiators would be monitored by the Better Business Bureau. By far, the huge majority of complaints publicized are about these investor/modifiers. The ones chronicled in the press are either inept or crooked. Individual state attorneys are monitored by that state’s attorney’s general. The news has chronicled the California attorneys that are being faced with dis-barrment there. As far as I know, that is the only state where state attorneys are in trouble. Attorney firms licensed in more than one state are monitored and supervised by the US Dept. of Justice. I know of not one single attorney firm in trouble with the USDoJ. They are rightfully way too proud of their documentable, best-in-the-business 90%-or-better success rate to waver from the straight and narrow. No matter who you contract with, they had better have a ‘risk-free, money back guarantee.
Decide whether you want to keep your home or liquidate your property and mortgage. I represent two nationally-recognized USDoJ-supervised attorney firms. Call Chris at 970-242-2600 for your free consultation.
Read my home-town Daily Sentinel newspaper article here.
