For what you pay for (or are not paying) on small home, you could rent a mini mansionExample: This home is in San Bernardino County the mortgage is 399,000. With a 7 % interest rate the payment is about$ 2654.55. plus taxes and insurance $3150 per month. Its now worth about 130,000
They may never modify the loan. Even though they make you think they will. So instead, why not short sale your home and rent a nicer home?
For the same price your could be living here
Your loan is $399,000 the home is worth #130,000
Obviously if your not paying your mortgage their is a good reason. The point I am trying to make is you have to be smart and know that you can recover from situations like this and sometimes it does not make sense to get lured into ideas that will not work. I have met many homeowners who have been told they might qualify for a modification. Only to find out they were just acting like they wanted to help.
When you ready to get back to happiness, call us and we will help you short sale your property.
Michael-Edward Cruz
01758933
760-689-BANK
