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 break? We don’t advocate willfully not making your payments; but we realize that credit damage is unavoidable for someone needing the services of loan modification or short sale,
Myth: I can figure this out by myself…I don’t need help.
Fact: Less than a handful of the major banks have published the required paperwork and list of things you’ll need for a loan modification. Be prepared to spend literally months on the phone working through level after level of minimum wage customer service reps with no guarantee of acceptance.
Myth: I can use anybody to do my loan modification or short sale.
Fact: Many loan modification companies are staffed with ex-subprime lender employees and are unregulated, unscrupulous and unable to deliver. Many short sale “specialists” are simply realtors who couldn’t get by and simply invented their “expertise”.
Everyone should deal with a loan mod/short sale negotiation company who doesn’t price gouge, has deep connections at all the major lenders.
If a loan modification or short sale is right for you, CreditFixed.com’s team of Credit Specialists want to help you protect your credit rating through our Credit $trategy Program®.
We work side by side with a chosen team of Realtors and Loan Modification Specialist Partners to ensure success through the Loan Modification process with minimal damage to your credit and the ability to secure future financing.
Our loan modification clients have rates reduced, principal balances re-negotiated with the loan terms changed…allowing them to afford payments again.
Short sale clients are represented in loss mitigation negotiation. Client’s get their paperwork approved in writing and are advised as to the exposure to a write off of non-purchase money, chargeoff, collections and exposure to taxes so that they fully understand the program.
CreditFixed.com’s goal is to minimize the negative affects on your credit and to help restore creditworthiness through advocacy and education.
Let us tell you what the Banks and Lending Institutions don’t want you to know!
