Loan modification – are you eligible??

The hot topic in the real estate market right now is loan modification.  It has it’s place, but unless your lender gives you a principal reduction, it’s probably not going to help you out much.  This site is a government sanctioned site that can help you determine whether you qualify for loan modification:

http://makinghomeaffordable.gov/

Whatever you do, don’t pay anyone to modify your loan for you!  See this site for advice that can help you avoid the scams that are out there:

http://dre.ca.gov/cons_protect.html

As for the up front fees the companies are trying to charge??  See this link:

http://dre.ca.gov/cons_adv_fees_alert.html

As always, feel free to contact me for more information on this, or any other real estate related questions.