IndyMac Homeowners Seek Loan Modification Assistance
By: Jason Sharp
Now that IndyMac has officially closed its doors it has now opened a whole other can of worms. Home owners have been freezing up the phone lines hoping to work out a deal. What homeowners must realize is your loan is going to be serviced by the US government so you had better get used to waiting in long lines and listening to that annoying hold music because that’s as far as you’re going to get. The sad part is as more and more lenders are going belly up, there is no end in sight.
So what’s a borrower to do when their loan has adjusted sky high, they are behind on their payments, their lender has gone sideways and the government who took over their loan is of no help? What can be done if you home is now upside down and you owe more than it’s worth? Should you just walk away and destroy your credit and borrowing power for the next 7-10 years? These are the questions that homeowners across the nation are ever so desperately asking and getting nowhere!
Fortunately there are companies out there who are backed by legal teams who have been negotiating with lenders and the US government alike to lower your payments, reduce your loan balance, fix your credit, stop foreclosure and forgive defaulted loan payments with as much as a 95% success rate! This is what’s known as a loan modification or loan mod. One company that has exploded with growth since the foreclosure boom is LIG Loan Modification Services. You may also call them direct at 1(888)220-9787.
Other options a borrower has is the short sale or deed in lieu of foreclosure. A short sale is when your lender agrees to let you sell the home for less than what’s owed. A deed in lieu is when you deed the home back to the lender and walk away. This has been also been called, cash for keys or keys for cash. The only problem is it’s not as easy as it sounds. There are many loopholes that if you are not aware of you could be in for a real surprise and the paperwork involved seems to have no end. That’s why companies like LIG loan mods who have their own legal department to negotiate loan modification, short sale, and deed in lieu on your behalf are worth their weight in gold. A homeowner should never try this on their own. The legal teams have the connections and needed experience to make things happen very quickly so you avoid trouble and you won’t have to lift a finger.
Jason Sharp is the founder of Sharp a better way of life. He is a writer who sheds light on current events that affect his fellow people. To contact Jason you may send an email to Jasharp302@yahoo.com
For help in Loan Modification Assistance, visit http://www.ligloanmods.com/index.html
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