Monday, April 26, 2010

Loan Modification Help

We're offering to help anyone in our market area with loan modification, without charge or obligation. The obvious question is "what's the catch?", or simply "why?" Three reasons. First, we don't think things are going to stay this bad forever, so any goodwill we can put in the bank is a benefit. We hope that you'll remember us favorably for future real estate or mortgage needs. Second, if the modification doesn't work and a short sale is the best answer, then we'd like to be the listing agent for that sale. Third, psychic income. You remember from your economic studies that one of the powerful motivators for human behavior is "psychic income". The "feel good" return on investment. Many doctors, policemen, firemen, etc. are driven to their occupations for this "feel good" return, and almost everyone to some degree derives pleasure from helping others. So their is no "catch", and those are our three reasons "why"
Government programs come and go, and are constantly being modified, but at the moment the HAFA offering for modifications is particularly beneficial to troubled mortgage holders. Call us and we'll try to walk you through the process. Let me repeat. It's free, friendly, and without obligation.
Extracting from the sea of information about the real estate market, it's up, it's down. It's improving, it's getting worse, here is a link to some hard numbers that will inform you. We don't think you want to be pacified with the spin from the government, or the the real estate industry, just facts. Employment figures are awful nationally, worse in California. Our state is on the brink of bankruptcy and the self-serving unions and politicians are not likely to come up with any meaningful solutions. New Jersey, of all places, has a governor making the hard choices, and if he can stick to his guns will correct their problems over time. Our state has the unions demanding, (demanding?), a 40 Billion tax increase. All of this of course to insure their exorbitant pay and pension benefits. Seems easy but one must remember that the businesses that pay wages will and and are leaving the state, and the government jobs will disappear when bankruptcy is declared. The revenue source of the offshore oil is still waiting for someone to act.
As usual,
Thanks for visiting

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