Comments on: Are Loan Workouts Going to be the Key Ingredient to Avoid Foreclosure? http://loanworkout.org/2007/07/are-loan-workouts-going-to-be-the-key-ingredient-to-avoid-foreclosure/ Loan Modification & Home Loan News Sat, 20 Mar 2010 15:31:56 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Moe http://loanworkout.org/2007/07/are-loan-workouts-going-to-be-the-key-ingredient-to-avoid-foreclosure/#comment-5944 Moe Tue, 09 Oct 2007 06:36:11 +0000 http://loanworkout.org/2007/07/25/are-loan-workouts-going-to-be-the-key-ingredient-to-avoid-foreclosure/#comment-5944 I would push them to extend the date and give you time. They never stop the foreclosure process and that's why some people are surprised that they get these notices after they have spoken with the lender. That will always keep moving forward. <BR><BR>If you have an agent. That agent need to do their job and be on that lender 24/7 on your behalf. That agent works for you and needs to earn that commission.<BR><BR>Who is your lender or servicer? I would push them to extend the date and give you time. They never stop the foreclosure process and that’s why some people are surprised that they get these notices after they have spoken with the lender. That will always keep moving forward.

If you have an agent. That agent need to do their job and be on that lender 24/7 on your behalf. That agent works for you and needs to earn that commission.

Who is your lender or servicer?

]]> By: Gwen http://loanworkout.org/2007/07/are-loan-workouts-going-to-be-the-key-ingredient-to-avoid-foreclosure/#comment-5943 Gwen Tue, 09 Oct 2007 06:22:10 +0000 http://loanworkout.org/2007/07/25/are-loan-workouts-going-to-be-the-key-ingredient-to-avoid-foreclosure/#comment-5943 Can you do a short sale and a loan modification. I'm right at that point. I have a call into the lender to do a loan modification, but I don't think they will approve it do to the financial numbers. I also have a short sale in process but the lender denied the first offer and hasn't said anything about a counter offer. What do we do from here? I would ideally like to sell it because the payments will still be to high for me, but I want to buy some time with the lender before it goes into full blown foreclosure with a sale date with the sheriff's dept.. Am I to late. They sent me a intent to foreclose and I'm not sure they will work with a short sale if they think I can afford to pay on the new loan that they come up with. What to do???? Can you do a short sale and a loan modification. I’m right at that point. I have a call into the lender to do a loan modification, but I don’t think they will approve it do to the financial numbers. I also have a short sale in process but the lender denied the first offer and hasn’t said anything about a counter offer. What do we do from here? I would ideally like to sell it because the payments will still be to high for me, but I want to buy some time with the lender before it goes into full blown foreclosure with a sale date with the sheriff’s dept.. Am I to late. They sent me a intent to foreclose and I’m not sure they will work with a short sale if they think I can afford to pay on the new loan that they come up with. What to do????

]]>