Can I Stop Home Foreclosure With A Loan Modification?

Oct. 8, 2012 - PRLog -- In the present economic environment, many families are facing financial difficulties which are leading to foreclosure.  Just mention “losing your home” can cause one to have many powerful emotions.  A loan modification, changing the original terms of the loan, can present any attractive option because it allows the homeowner to stay in their home.

However, loan modifications are not the “cure-all” solution for all distress property owners.  “According to studies done by the Department of Housing and Urban Development,” says Matthew Sipera, REALTOR® and CDPE at Horner Baker Partners, “over half of the people who get a loan modification end up re-defaulting within 6 months.”  This coupled with the increase difficulty in obtaining a loan modification means that they are often not the ideal solution for all homeowners.  

In real estate, there is no one size fits all.  The informed homeowner must evaluate all options before making a decision about their financial future.  “Loan modifications in reality work for a very specific set of circumstances.  They are for homeowners who are normally financial stable, but have found themselves in a temporary financial hardship that is threatening their ability to remain in their present home,” said Mr. Sipera.

For most homeowners who are in danger of losing their home, their financial situations run deeper than a temporary financial set back.  Their financial issues are often larger and beyond the scope of what a bank will consider for a loan modification.  For these homeowners, it is important that they are educated on all the options available to them.  

As a Certified Distressed Property Expert (CDPE) and REALTOR®, Matthew Sipera has the training and experience to help homeowners explore their options when facing foreclosure. If you or someone you know could use my expertise, contact Mr. Sipera today at 678-828-4408 or visit his website at http://www.shortsalega.com for more information about your options and the many resources that are available to homeowners.    


     
About Matthew Sipera, REALTOR® and CDPE:

Mr. Matthew Sipera is a distinguished Best-Selling Author, entrepreneur and highly sought after consultant in real estate.  He is a real estate expert with Horner Baker Partners and credentialed as a Certified Distress Property Expert (CDPE) who has successfully sold and bought over 100 short sale properties. Matthew is affiliated with a highly successful real estate team in the great State of Georgia that has sold 270 homes in 2011 and is ranked the #2 Team on the Cobb Board of Realtors.

In his early 20’s, Matthew built and sold a large successful international distribution company where he learned the art of developing strategic business plans, a loyal client base, and the merit of practical common sense communication.  He is a philanthropist giving both financial resources and personal time to charities in his local community such as cancer research, disadvantage youths, and the homeless.

At present, Matthew Sipera continues to build a thriving real estate business in the State of Georgia as a licensed REALTOR® and also holds a real estate license in the State of Florida. Matthew is committed to educating his clients on how to navigate through the complicated and fluid real estate market.  Matthew works with homeowners, first-time buyers, investors and homeowners relocating to Georgia.

To learn more about Matthew Sipera’s website offering information on Short Sales for homes is http://www.shortsalega.com and his website for Georgia home buyers is http://www.buy-a-home-in-georgia.com