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<div> id=”attachment_1204″ align=”alignright” width=”400″ caption=”           Yes, You Can Beat The System!”><a href=”http://www.gainesvilleshortsaleblog.com/wp-content/uploads/2010/12/beat-the-system.jpg”><img onload=”icp.messageComp.image.pasteLoadHandler(this)” title=”beat-the-system” src=”http://www.gainesvilleshortsaleblog.com/wp-content/uploads/2010/12/beat-the-system.jpg” alt=”” width=”400″ height=”300″ /></a></div>

IL – A lot of people in today’s lending market are stuck. They locked in their interest rate when rates were higher. Now, they are barred from refinancing because they are upside down on their house.

Whenever they apply for a new loan, the first thing the lender says is, “The current property value is less than what you owe. We can’t lend you enough money to pay off your old lender.” <strong>Do they have any options? </strong>

<a href=”http://stopforeclosureoswego.info/short-sale.html”>Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.</a>

<strong>Their best option is probably a loan modification.</strong> Their lender is more than likely to work with them since their home dropped in value.

They may have to stop making payments before their lender will approve a loan modification. But, some lenders are even modifying loans that are current.

I’ve heard of homeowners stuck with a loan where the payments are going to gradually increase over time. <strong>Their current interest rate is 6%. But, it is going to increase by 1% a year until it hits 9.5%.</strong>

They can afford the home at the current interest rate. But once it goes higher, they will have to do something. Why not do it now?

Take the onetime credit hit and lock in a reasonable interest rate.  Some people have been able to get their interest rates on jumbo loans reduced to between 4% and 5%.

Many loan modifications will even reduce your interest rate as low as 2% for 5 years. But, stick to your guns and lock in a reasonable rate for the remainder of the loan.

<strong>You don’t want to have to apply for another loan mod in 5 years.</strong> (Most people don’t see how interest rates could possibly go any lower.)

We offer a loan modification guide to consumers. Here is what we cover in the Stop Foreclosure Institute’s Loan Modification Insider Secrets Guide.

* An easy to understand, Step By Step Guidebook.

* How to write a Hardship Letter that gets your loan modification approved.

* Three big loan modification mistakes and how to avoid them.

* Loan Modification from the lenders point of view.

* How the Making Home Affordable Program can help you.

* What not to do so you don’t risk being carted off to jail.

* How to calculate your budget properly to increase your chance of success.

To request this kit, <a href=”http://stopforeclosureoswego.info/loan-modification-secrets.html”>please click here to request a copy.</a>

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at <a href=”mailto:curryteam@gmail.com”>evelyn4homes@aol.com</a>. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 630-896-9999

Discover how other sellers successfully completed a short sale and request a free consultation by <a href=”http://stopforeclosureoswego.info/short-sale.html”>clicking here</a>.

Thanks for reading this, Evelyn Santiago.

Evelyn is a Real Estate Broker at Dynamic Real Estate Network, Inc. . Short Sales Realtor:

Phone: 630-896-9999. <a href=”mailto:evelyn4homes@aol.com”> evelyn4homes@aol.com</a>.

View My homes for sale at <a href=”http://www.dynamicbroker.com”>
www.dynamicbroker.com</a>.

Evelyn Santiago specializes in loan modification assistance and short sales in Aurora Illinois. Oswego Loan Modification Help, Oswego Short Sales. Oswego Short Sale Realtor. Montgomery Loan Modification Help, Montgomery Short Sales, Montgomery Short Sale Realtor. Yorkville Loan Modification Help, Yorkville Short Sales, Yorkville Short Sale Realtor.
Short Sale Realtor. IL Short Sales. Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Evelyn Santiago’s personal views and do not reflect the views of Dynamic Real Estate Network, Inc. .

This information on Short Sales: A Cautionary Tale On Loan Modifications is provided as a courtesy to our viewers to help them make informed decisions.

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  • ~ I’m so glad I had the opportunity to work with Evelyn Santiago!

    I’m so glad I had the opportunity to work with Evelyn Santiago!"I’m so glad I had the opportunity to work with Evelyn Santiago! It’s rare to find a professional like her – reliable, trustworthy and honest. She went to bat for me on the sale of my house, and didn’t stop until every last paper was signed. Her persistence and willingness to get the job done for her clients is a welcome delight. Jean R. -"

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