When you attempt a loan modification you negotiate with your lender to try and modify your loan payment to an amount you can afford.  Recent statistics indicate that most loan modifications fail ending up in foreclosure after an expensive and time consuming procedure.

When you consider the ultimate outcome of a loan modification it's no wonder most end up failing.  In the High Desert it would not be unusual for a homeowner to have paid $300,000 for a home in 2006 that is only worth $120,000 today.  Many homeowners tire of continuing to make payments on houses that are upside down in the loan to value ratio.

With recent tax law changes a principal residence with a purchase money loan qualifies for forgiveness of Short Sale Taxes.  When compared to the possibility of a deficiency judgment that could be obtained on foreclosures that are not purchase money loans, Short Sales start to make a lot of sense.



Get more information to start your Short Sale by calling us toll free at:866-612-8975 or fill in the confidential form below