Loan Modification & Foreclosure information in California

Are you facing Foreclosure?

If you are a homeowner and your financial circumstances have changed, you may be interested in going through the Loan Modification (Loan Mod) process through your lender. A Loan Mod can seem like a great way to resolve your financial hardship & many lenders will offer you the option. You begin making lower payments to the bank, and they review your Loan. However, what the banks aren’t telling you can be pretty shocking. As you begin to make lower payments, the lender will probably ask you for various paperwork that you may not be aware of. At the end of the process, many banks are declining the Loan Mod & Foreclosing on homes.

This article on CNNmoney discusses exactly that issue. If your home goes into Foreclosure, or you are worried that Foreclosure proceedings may start on your home, you may have some other options. If you are interested in learning more about these options, or you need some advice on what you should do, contact us! We would be happy to help you in any way that we can. Our clients are our friends, and we like to build new relationships with people all the time. If you need someone in your corner to help you through a financial hardship – The Fogg Team can help! If you’d like to set up an appointment to meet with us, give us a call at 818-562-9600 or email us today!

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