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Follow on Google News | For Homeowners Seeking a Loan Modification, There are Often Better OptionsFor homeowners facing foreclosure, a loan modification can represent an attractive option because it allows the homeowner to stay in their home. There are some truths about loan mods, however, that many homeowners don’t know.
By: The Agency FL There are some truths about loan mods, however, that many homeowners don’t know. “According to studies down by the Department of Housing and Urban Development,” “In reality, a loan modification works for people in a very specific set of circumstances. They are people who are normally financially stable, but that have found themselves with a temporary problem that is threatening their home,” said Pearl. Job loss or an unexpected illness are the most common temporary issues that arise. For homeowners who know that their situation will be fixed in the near future, a loan modification makes sense. For most people in danger of losing their home, however, these circumstances don’t apply. Their financial issues are often larger and beyond the scope of what a bank will consider for a loan modification. For those homeowners, it is important that they are educated on their options. A Certified Distressed Property Expert (CDPE), Pearl has intimate knowledge about the many foreclosure alternatives that are available. A Certified Distressed Property Expert (CDPE) is knowledgeable of the entire landscape of foreclosure avoidance options and is distinctly qualified to negotiate with banks and help struggling homeowners regain peace of mind and a sense of stability for the future. Brian Pearl has developed a free report entitled, “Loan Modification Secrets,” which is accessible from his website, www.FLShortSaleDept.com. The report provides a thorough rundown of all of the ways that a short sale is more beneficial to homeowners than foreclosure. About: The Agency Real Estate, Inc. is a boutique residential real estate brokerage serving buyers, sellers, and renters throughout Palm Beach, Broward, and Miami-Dade Counties. Affiliates of Oasis Title Company, Brian Pearl and his company offer a “one-stop shop” solution for homeowners. For more information about Brian Pearl and The Agency Real Estate, please visit http://www.TheAgencyFL.com End
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