Myth: Short selling your house or obtaining loan modification will have no effect on my credit. Fact: Most banks won’t even deal with someone that isn’t in trouble…meaning missed payments. If your credit is perfect, showing ability to make your payments, what lender is going to believe you are in trouble and deserving of a [...]

A Loan Modification is a permanent change in one or more of the terms of a mortgagor’s loan, allows the loan to be reinstated and results in a payment the mortgagor can afford. With this in mind, one must remember that when a consumer for a “loan mod” contracts a company, the borrower is hiring [...]