The following Los Angeles Times article discusses a recent change to the Loan Modification process which must be put into affect by June 1. The articles describes the situation where over 1.2 million loan modification trial periods have been initiated with only 67,000 loan mods actually being implemented. We have spoken with many clients who own Danville real estate, San Ramon real estate, and Alamo real estate who are very confused so, in addition to reading this article, please review our information on avoiding foreclosure. There is a lot of misinformation being reported about strategic foreclosure and short sales and we have put together a very comprehensive, accurate, and timely information packet that will help anyone in danger of losing their home.
New rule affects homeowners in foreclosure avoidance program – latimes.com.
