2 Responses to “Are Loan Mods Worth the Trouble?”

1. John Williamson says:

   June 22, 2009 at 5:35 pm

   I totally agree. Loan mods only work for fully qualified people that have good credit, stable employment and provable income.

   Most of the people that I have worked with were not in that category.

   On top of that, if the home is “under water” then a loan mod is a waste of time for the borrower. Who cares if you get 2% points off your loan when your loan is for $40,000 more than your house is worth.

   Short sale and move on. That is the only real answer to most situations.

   Thanks for the update Brian
2. KonstantinMiller says:

   July 7, 2009 at 3:27 am

   You know so many interesting infomation. You might be very wise. I like such people. Don’t top writing.

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