Extreme Short Sale

Welcome again to the Gregory Real Estate Group! Today’s post will focus on the Home Affordable Modification Program (HAMP) that was implemented by the government to help homeowners who were close to foreclosure to stay in their homes. Hamp took a hit this week! Like we always say, loan modifications are only right for a very few! Take a look at the video and read below to learn more:

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 This HAMP program was expected to help homeowners who were close to foreclosure, stay in their homes. Unfortunately, it turns out to be another failed attempt. According to Bank of America only a mere 14% would qualify for a permanent HAMP modification. Originally HAMP was projected to benefit 4 million homeowners but that number is closer to 600,000. Now the House Financial Services Committee voted to end HAMP as well as another bill to end the Neighborhood Stabilization Program. The program was originally set to expire in 2012.

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This just validates our beliefs here at the Gregory Real Estate Group regarding the best options and solutions for homeowners struggling with their mortgage. It’s best not to waste time hoping the government or your lender will somehow assist you and bail you out of your mortgage troubles. The best solution is almost always to take control of your situation, protect your future wealth, and short sale your home as opposed to a loan modification. Loan modifications are only right for a very few specific situations. 67% of all those receiving loan mods will default within one year. Never trust the lenders to help you out! That’s not what they’re in business for and it’s completely understandable. They’re in business to make money! That’s their job! It’s what they do! Our government certainly means well but they always seem to be way off the mark or a day late and a dollar short. Usually both! Got to love them though!

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Matt Gregory and his Gregory Real Estate Group can help! Matt is a Certified Distressed Property Expert and a Short Sale Specialist. Matt is highly experienced with short sale transactions and has helped many friends and clients short sale their homes and move on with their lives. Let us, help you, help yourself today! Contact us at 661-290-3735.

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Pete@ExtremeShortSale.com   661-406-2959

Matt@ExtremeShortSale.com   661-290-3735