foreclosure avoid

Hi! I’m Matt Fetick, Philadelphia and Wilmington, DE leading Short sale realtor. Are you paying way to much for your Philadelphia property? Have you been receiving tons of letters, details, and advertisements about doing a loan mod? Loan mods may be a good way to reduce your monthly payments on your home loan. Here is how it works. Now and then lenders will permit you to change the original terms of your loan. For example, if you are presently paying a 7% interest rate, they may permit you to negotiate a lower monthly interest rate so that you can ease your payments. The lenders may also change the terms of your home loan, shifting it from interest only to principal and interest or the other way around. The lenders do this to help you steer clear of foreclosure.

Often we see that loan mods are for a set period of time. The unfortunate part of loan mods is that we frequently see that the people who need a loan mod do not meet the requirements. If you have applied for a loan modification and were unproductive, a Philadelphia short sale may be the right option for you.

A Philadelphia Short sale permits you to sell your property for less than what is currently owed on your loan. If you would like added details on Philadelphia short sales or loan modifications, we can help.