The Foreclosure Plan For People Not In Foreclosure
Under the new program rolled out by President Obama there are many stipulations. The plan does not help those who are in foreclosure or in default. If you as a home owner do not understand how to structure a financial expense and income sheet that your mortgage company wants to see, you will be denied a modification. As stated in a previous post the mortgage companies still determine "Who (gets modified) and How Much (of a modification)". Without having a professional assist you, you can change your new full time job description to "Saving My Home". Most people (80%) that attempt to "do it themselves" lose their savings and their home. Look we could fix or own cars, represent ourselves in court and even take a home remedy, but why would you when there are professionals that can do a much better job.
Now don't just get help from anybody investigate a few areas:
· Length of time in business
· Who is running the company and their background
· The track record. Can THEY provide Referrals?
· Before you spend a dime, can they give you a written guarantee
· Are they giving you a guarantee, either the modification will be done
· GUARANTEED and/or any money spent will be refunded back to you if it is not modified
The most important of all of these; can you track your progress yourself. Unfortunately you may not find out you are losing your home until it is too late. Do your homework and your due diligence, don't be a statistic.