The first article is basic but very down to earth so people can understand.  There are many benefits of a short sale as outlined in our blog and program at www.thenegotiatedsolution.com .  On average our clients get between 100K-300K forgiven with no further recourse.  It’s a process to address a complex problem but the Real Estate Short Sale Solution is the only way you can obtain forgiven mortgage debt.  Loan Modifications only move the money around to the back of the mortgage note.  There is no debt forgiveness with modifications. 

 

Here is the first article:

 

http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/UseAShortSaleToEscapeForeclosure.aspx?page=1

 

The second article from the New York Times exposes the risks to people that are primarily seeking help with Loan Modifications.  There are a lot of unscrupulous people that are always looking to prey on the general public.  Our blog at blog.thenegotiatedsolution.com will save you a lot of headaches and help you set realistic expectations with loan modification.

 

Here is the second article:

 

This is a tough article from the New York Times.
http://www.nytimes.com/2009/01/15/us/15mortgage.html?th&emc=th

 

The word for the wise is to be careful and do your homework.  Blogging from the front line of the housing crisis.

 

GHunter

Submitted on Friday, January 30th, 2009 at 12:30 pm