One question we get a lot is “Why do I need Sunwest? Can’t I do this on my own?”
This is often accompanied by the words “My lender says that they’ll work with me!”
Well, yes, you can try to do this on your own. We don’t think it’s a good idea, and here’s why.
- Your lender is not on your side. That’s not a criticism of your lender. We’re not saying that your lender is bad, unethical, or mean. What we are saying is that the people who work for your lender have a legal responsibility to their shareholders to get as much money from you as they possibly can. Lenders don’t want you to work with us, because we get you a better deal than they’d otherwise give you. It’s that simple.
- When it’s your home, it’s personal. Nothing is more personal than your home and family. It’s hard to keep an even keel. That’s one reason a team of negotiators on your side is valuable.
- We package the deal correctly. There are certain things a lender is going to look for. We package your deal in such a way that it will get approval.
- You get one shot. Some lenders give you one shot at a modification in any given year. Others just give you one shot period. If you get a bad deal, that’s it. You’re stuck with it, and you may have left thousands of dollars on the table.
Here’s the bottom line: the numbers tell us it just doesn’t work. 87% of homeowners who work with lenders directly fail to get a permanent modification.
We succeed in getting a permanent modification 95% of the time. We think those numbers speak for themselves.
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