Loan help for Orange County homeowners who can’t afford their home
Photo by meyshanworld
We have noticed that some homeowners who are not able to afford their home for one reason or another are keeping hush about their problem until the last possible minute. In our experience, that is not the best approach. Lenders across the board suggest discussing your options with them as early as possible, preferably before you miss a payment.
If you find yourself in this situation, and want confidential answers, find a real estate agent you trust. As agents, we have been able to help clients get basic answers to many of their questions on loan modifications, short sales, foreclosures, deeds in lieu of foreclosure and other options. The key is getting the information early so you have the most amount of flexibilty. For more information on the largest lenders and their policies, visit bankrate.com’s article on the subject.