American Economic Solutions

This article written by Justin McHood, entitled “Loan Modification: What to Expect if You are not Currently Late” addresses questions that the Foreclosure Prevention Consultants at American Economic Solutions encounter every day.

In the section entitled “When Loan Modifications Make More Sense than Refinancing”, McHood discusses the topic of when to refinance versus a loan modification. He makes a great argument for homeowners who owe more than their house is worth. He suggests that it makes more sense to work with the homeowner’s lender to get the home loan modified, which may leave the homeowner in a better financial situation.

Another question our Foreclosure Prevention Consultants are faced with every day is, “If the client is not late on the mortgage can American Economic Solutions help the homeowner?”

McHood addresses this obstacle in the next portion of his article in the section entitled, “Loan Modifications: What To Expect If You Are Not Currently Late.” The best recommendation our Foreclosure Prevention Consultants can give is to let the homeowner know that the loan modification varies from lender to lender. While the loan modification process varies by lender, it also varies by each individual borrower’s situation. This is why at American Economic Solutions, we feel it pays to have an authorized company represent the client. We know how to work with various lenders and maximize homeowner/borrower benefits, not the banks’ benefits.
To read the full article referenced above, please visit the following site:
http://www.zillow.com/blog/mortgage/2009/01/28/loan-modification-what-to-expect-if-you-are-not-currently-late/

1. Greg Johnson says:

   November 16, 2009 at 5:38 pm

   Wow, great blog. I love reading blogs about home financing! I don’t have time to read all the articles right now, I found this site when looking for something else on Bing, but I’ve bookmarked your homepage and will visit again soon to see the latest news. The internet can be so helpful. I have been trying to figure out the best investment strategy these days. Given the state of the economy it is hard to know what strategy is best. Any ideas? Please take a look at my site at http://www.MortgageNewsman.com when you have time. Thanks again for this blog – it is really great.
2. L Mod says:

   November 29, 2009 at 5:01 pm

   Certainly if a homeowner still has a job and a good credit rating, refinancing is probably the best solution. For those who have lost a job and don’t expect their situation to change anytime soon, a loan modification is more helpful.
3. Venture Capital Firm says:

   November 30, 2009 at 12:05 am

   Great site been reading and will add your site to mine.
4. Reverse Merger says:

   November 30, 2009 at 5:28 pm

   I really liked your blog! I have added you to my google news feeder.