A recent study found that homeowners who received counseling prior to obtaining a loan modification were at least 67% more likely to be current on their modification payments nine months after a loan modification.  The study also found that those who received counseling were more likely to obtain a modification and were able to get significantly lower payments.

I think this data and information may be skewed somewhat by the source but seems accurate overall.  After a short counseling session with many of my clients, we have a good idea of what types of modifications they may be eligible for and the amount of a modification we expect to see.  This reinforcement gives most clients a better idea of what can be done for them and makes them more willing to do what it takes to obtain a final workout.

If you are considering a modification or want to discuss your options regarding your home, please give us a call.  We can go over all your options including loan modification, short sale, deed in lieu, and bankruptcy.  Call us today at (877) 346-7411.

 

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