People whose homes are in pre-foreclosure may feel they have already lost. The sense is it’s only a matter of time before they move somewhere to rent, a world they thought they left when they optimistically bought their house or condo in recent years.

Anyone thinking that way needs to stop dead in their tracks and say, “no!” In fact, without a government program, without winning the lottery, a homeowner in trouble can recast the loan terms that are problematic to a manageable level. The solution is found in loan modification firms – staffed by by bank-savvy lawyers, financing specialists and real estate professionals who know the vulnerabilities that banks are facing. Facts are, the banks lose in a foreclosure too. Loan modification firms have the lingo and know-how for getting the bank to reconsider ways to keep you, their customer.

Wouldn’t it be great to recast your loan? Whether you are in pre foreclosure or in danger of getting there soon, wouldn’t you rather find out about the possibility of refinancing? There is actually no risk — look for a reputable home loan modification firm that charges about $300 per loan (no points — that’s the full amount you should pay), and if they are unsuccessful, they should offer a money back guaranty.