[ Ссылка ] Sacramento Short Specialist and Default Advocate Mike Rigley discusses Loan Modification vs. Short Sale

Sacramento Short Sale Specialist, Default Advocate, Distressed Property Expert and Sacramento Short Sale Agent Mike Rigley here bringing you the latest Sacramento Short Sale Information. Thank you for joining us. This week we are talking about loan modification vs. short sale.

Most homeowners do not want to have to short sale or face foreclosure -- I can't blame them -- who would? The honest truth is as long as you owe more than your home is worth all you are really doing is renting -- that's right renting. If your Sacramento home is 40% or more upside down, you will pay off the loan before the house is worth what you owe. The rest of the story is your mortgage payment is more than likely considerably higher than rent would be for the same exact house -- think about it. If you get a new 30 or 40 year loan mod at an initially lower interest rate that caps out in 3-5 years, didn't you just but back your house for a longer term? If your house is worth $200,000 and you owe $400,000 and you get a new 40 year loan mod you still owe 400,000 on a 200,000 property. Ask yourself, would you pay $400,000 for any house worth $200,000? Would you pay $2500 a month to rent a house that usually only rents for $1400 -- the answer is oh hell no, but isn't that exactly what you are doing with a loan mod? The answer is yes.

I would like to encourage you to look at your current mortgage strictly as a business decision. If Chevron or Procter and Gamble or any other large corporation bought an underperforming asset that they were continually losing money on and they sold it their stockholders would reward them for making a good business decision.

Isn't time to treat your Sacramento mortgage situation the same way? With the favorable tax laws expiring in December 2013 and state laws forbidding the banks from pursuing you for the deficiency after a Sacramento short sale shouldn't you make the same good business decisions the large corporations are making to remain profitable?

As Certified Default Advocates it is important to us that you understand all your options. Is a Sacramento Short Sale Right for Me?

To get a better idea of when your Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation or for the latest Sacramento short sale information. Call me today and sleep better tonight; you'll be glad you did

If you are a homeowner who has missed payments, possibly facing foreclosure, owe more than your home is worth or are just looking for short sale information, please contact Mike Rigley, Short Sale Specialist and Default Advocate at 888-317-9376 or mike@norcalmortgagerelief.com for a free no obligation confidential consultation and receive the latest information on your options to avoid foreclosure and the benefits of a short sale.

Learn More about Mike and his expertise at [ Ссылка ]

If you owe more than your home is worth, want to know how long in todays present market it will take until your home is worth what you owe? Check out our calculator at [ Ссылка ]

Consistently ranked as one of Northern California's top Short Sale Agents and Specialist, Mike Rigley is one of the areas premiere Certified Default Advocates. With his strong focus on assisting homeowners in need, Mike offers a straightforward no nonsense consultation designed to give you all the information and facts to enable you to make the best decision for you and your family. As every situation is different, Mike offers his insight and knowledge of the default process and all the options available to you to avoid foreclosure. Mikes experience of representing both homeowners in distress avoid foreclosure and his insider knowledge of the default process makes' Mikes experience unique. Trained and personally coached by the former Chief Loss Mitigator of IndyMac bank, Mike understands what the banks are looking for and how best to assist you in your time of need. Call Mike today toll free at 888-317-9376 for your free consultation and sleep better tonight

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