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“Your 2nd Chance is Our 1 st Priority”

“Your 2nd Chance is Our 1 st Priority”. JILL BERNI – Broker/Owner “Celebrating 30 years of Customer Service”. SHORT SALE or LOAN MODIFICATION?

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“Your 2nd Chance is Our 1 st Priority”

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  1. “Your 2nd Chance is Our 1st Priority” JILL BERNI – Broker/Owner “Celebrating 30 years of Customer Service”

  2. SHORT SALE or LOAN MODIFICATION? …YOU DECIDE. At OakTree, we are dedicated to helping homeowners keep the American dream alive by helping them with a Loan Modification, Forbearance, Advocacy, or Short Payoff.

  3. Wants to modify their mortgage, or get out from the burden of their house payment. Has a source of income And Is behind on their mortgage payment Has had a hardship OR perceives there will be a hardship in the future Whose rate is adjusting causing “payment shock” Is upside down in the property Has the desire and will take action to get caught up on payments that are presently in arrears We can help anyone who

  4. A loan modification can mean many things. The classic definition: “A Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan that allows the loan to be reinstated.” • Modification actions may include-- • arrears repayment program • interest rate reduction • principle balance reduction What is a loan modification?

  5. A lender might be open to modifying a loan because the cost of doing so is less than the cost of default. If a bank takes back a home in a foreclosure, they have to maintain it, insure it, and market it . . . until it sells.“ Why are the banks willing to modify?

  6. If the lender was willing to do a loan modification for the same homeowner, say lowering the principal to $283,000, they would eliminate the $102,000 cost and have an asset which produces income in the future.. Loan modification Gain To a Lender

  7. SHORT SALE or LOAN MODIFICATION? …YOU DECIDE. 24Hr Recorded message gives details: 1 866 866-6662 x5555 JILL BERNI – Broker/Owner “Celebrating 30 years of Customer Service”

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