One of the weirdest homeowner stories of late involves a man from Ohio who actually bulldozed his $350,000 home before the bank could seize it. The man said he demolished his house to “send a message” to banks everywhere, and a surprising number of Americans have rallied to support him. But before you jack a 'dozer from a nearby construction site, consider some advice — if you're behind on your monthly payments, a home loan modification can help.
Instead of demolishing your precious walls and floors, why not demolish those high interest rates and monthly payments? A loan modification firm like www.WeFixMortgages.com features experienced staff members willing to go to bat for you and negotiate with your bank to make your mortgage more affordable. After a loan modification, you'll owe smaller amounts of money each month, and your penalties and late fees might even be forgiven.
Nobody wants the bank to seize their home, and loan modification companies make it possible to avoid foreclosure without operating any heavy machinery. So turn off that 'dozer — your situation isn't as dire as you think.
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A loan modification firm like www.WeFixMortgages.com features experienced staff members willing to go to bat for you and negotiate with your bank to make your mortgage more affordable.
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Loan modification can help you avoid foreclosure and it's actually an option that can halt the foreclosure process once you work with your lender on finding an efficient solution on your loan status. You can negotiate the terms of modification yourself or hire an expert to do the job for you.
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Depending on what the borrowers are trying to accomplish, the ultimate goal should be putting BOTH spouses on the HECM. That way, no mortgage payment would be required during both of their lifetimes. To do this we often suggest that a minimum payment be made or only a portion of the proceeds be used. This helps guarantee there is sufficient equity in the home and give the ability to refinance their Reverse Mortgage in the name of both spouses when the second spouse turns 62.
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