Lenders are going to have to tighten up on their modification departments, as the news has come out that a little more than 1 out of 2 modifications end up in a new loan default.
In my own opinion, this is caused by two factors: one is that the modifications granted haven’t been deep enough, and lenders have been relying on temporary modifications, not permanent ones.
This story is not good news for lenders, and if I know big companies, their answer will be do more of the same, except faster and harder.
That means it’s also not good news for homeowners, who will be put through a much tougher microscope than they were before.
That’s why Sunwest provides such an important service. We know what lenders will be looking for. We know how to present your story and make sure that you get a permanent modification that you can afford over the long haul.
Get the best deal possible by calling us at 888-536-0334 right now for a free and short consultation.
