Archive for the ‘investment property’ Category

Contrary to what many believe, it is possible to get a loan modification for an investment property. To the bank, a foreclosure is a foreclosure; and they don’t like those at all. For the “investor” that does not claim his or her income, they need to decide what it important because by simply starting to document this income, our team can often help you show the ability to pay your mortgage, which is all the bank needs to see.

Yesterday, I spoke to someone who came home to a pre-foreclosure notice on his door. And that wasn’t his biggest problem. Why? He was not the home owner; he had been renting this home for years. He wanted to know what the chances were that he would come home and find his stuff on the street. He also wanted to know what the landlord had done with his rent money for the past 6 months or so that it took to get to the point of pre-foreclosure.

May I encourage you, to be a responsible landlord if you are having trouble? Here are my recommendations:

1. Don’t jeopardize your tenants dwelling place. The reality is that if they were to be kicked out, you could be sued for damages if they have kept their part of the deal by paying you.

2. Call us to find out how we can help you. Maybe we can, maybe we can’t. We won’t charge you to find out. In fact, we don’t charge anyone until we have reviewed a complete file and have the attorney ready to do to work on it with a reasonable assurance that it will go through.

3. Learn your options. Again, our team can help you learn the many options available to you to help you get on the road to recovery.

Help is just a phone call away.  Cal the 24 hour loan rescue hotline )serving all 50 states) at 1-800-578-1897.