Loan modification is an option for a homeowner who’s is unable to make mortgage payments and wants to avoid foreclosure.

Unfortunately, what many homeowners don’t realize is that most loan modifications are destined to fail. According to a CNNMoney.com report (Dec. 23, 2008), “53% of borrowers who had their mortgages modified in the first half of 2008 were already at least two months delinquent again.” This means foreclosure is only weeks or months away for these homeowners.

We offer a different solution that can work for you. Contact First Month Assist now for more information about Short Sales. (Email contact enabled here).

Educating yourself is key. The links below give you all the information you need to understand the loan modification process.

>> What is a Loan Modification

>> Pros and Cons of Loan Modification

>> Foreclosure Timeline

>> Next Steps

Or if it all seems overwhelming, contact us - we are here to help you sort through your options and choose what is best for your situation.