The governments plan to help homeowners in foreclosure may leave you looking for answers as the specifics of the plan are hard to sift through. Loan modifications through the private sector may be a better a better solution for homeowners in Plainfield and the surrounding communities.
I have been working with Dan Garcia over the last 4 years in the foreclosure arena. Dan performs both loan modifications and short sales for homeowners in foreclosure.
The answer to turning this economy around is the ability to help the real estate market recovery from foreclosures. In my opinion, there are two ways to do this:
- Clearing short sale properties from the market to keep them from competing with the regular real estate market by selling them quickly.
- Find a way for homeowners to renegotiate their debt with their lender to stay in their home.
My two step approach to solving your real estate foreclosure situation involves examining the possibility of modifying your original loan, and in the event that the lender is not willing to negotiate the debt, moving on with the process of selling the home through a short sale.
Through examining the possibility of modifying your loan, you know definitively whether there is any possibility of keeping your home or whether you need to sell. It allows you to proceed with confidence onto the short sale swiftly and prepare the home for sale.
If you want to know more about loan modifications or short sales, call me at 630-673-6233.
Julie Ferenzi | Realtor®
Plainfield Real Estate
630-673-6233
Want to know more about Plainfield, IL? Read all about living in Plainfield at www.LivingInPlainfield.com!
