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Monday, September 15, 2008

Help For Your Mortgage Trouble

Are you having trouble meeting your mortgage payments? Getting behind?

Are you worried about foreclosure on your home?

We all have read about the subprime mortgage mess that started the current tidalwave of home foreclosues. How do we know if are victims -- or what to do if we are.

Start with a forensic loan document review. This kind of forensic loan doc review will be done to see if all of the terms of your mortgage loan are on the up-and-up -- or if you have been subject to terms and conditions which are considered predatory lending.

Then you can move on to solutions -- which could involve a short sale of your home if you want to just walk away. A short sale is sale of your home for less than you owe on your mortgage.

Such a sale must be approved by your lender(s), but the good news here, if you want to call it that, is that lenders don't really want your home. They aren't in the real estate market. They don't want the trouble of trying to sell your home in today's dismal market.

Your lender may well approve a short sale just to avoid getting your home and having one more foreclosure on its hands to deal with.

Check your options.

This was a sponsored post.

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