Hi it’s Chris Bowers owner and operator of the Bowers Team, Arizona’s number one short sale team. We wanted to talk to you today about loan modifications. You might be asking yourself why we would be talking about loan modifications when we usually talk about short sales. What we find is that most of the people that contact us either have went through a loan modification or they are still trying to get a loan modification and it has been months to a year. So most of the people that call us have either been through a loan modification and they are very frustrated and still don’t want their home, they can’t get a loan modification, or they got a loan modification and it still wasn’t worth keeping the home.
For the clients that come in and still really want to keep their home, I tell them that we can try and help them with a loan modification. Here’s the point of this little story. The loan modifications we have found out very, very rarely work. Now if you are wanting to keep your home, definitely try and do a loan modification with your bank. We are not trying to tell you not to do a loan modification. The point is to tell you if your loan modification fails, don’t think that it means your short sale will fail as well.
Most of the people that contact us say they have been doing a loan modification for months and they are finally ready to do a short sale. If you are going through a loan modification right now and you are having trouble with it and it’s just not working or maybe you’ve been denied on a loan modification and you still need to short sell your property, give us a call. If you haven’t done any of those things and you still want to keep your home, hey still try to do the loan modification. All we are trying to tell you is if you do that loan modification and it doesn’t work or you get denied give us a call. Either way give us a call or come into our office so we can talk to you about what a short sale is what the game plan is going to look like and how we can help you out in your situation. Our number is 623-266-1939 or fill out one of the forms on our website. Again, I’m Chris Bowers with the Bowers team, Arizona’s number one short sale team and we look forward to answering any questions that you might have. Thanks and have a great day.