2009
When homeowners think like business people
Millions of Americans are in distressed homeownership situations, with ARM and other mortgage terms changed even while their income is reduced. Foreclosures and pre-foreclosures are words that appear in bank letters, certainly an emotionally-charged experience for anyone who thought buying a home was a smart, solid investment.
A bit of advice to anyone in this situation: think like a business. Remove your emotion from the situation as much as possible, and consider calling in consultants. Even the most distressed companies do this – they hire the accountants and lawyers and financing specialists who help them figure out their best options.
Homeowners in trouble have this option too: they can hire mortgage loan modification consultants. For a fee of roughly one month’s mortgage payment – 100% guaranteed, refunded if unsuccessful – the loan modification firm engages lawyers, accountants and financing experts of their own on behalf of the homeowner. They know how banks work, how to speak the language and become a preferred party to work with by loan officers – who are harried, otherwise quite busy with emotional but unprepared people in foreclosure. Loan modification specialists are in this business, and have brought favorable outcomes to thousands already in recent months – allowing homeowner to continue living in their homes, making payments at a level they can afford.




