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Alot of homeowners ask me what I think is a better option for them, a loan modification or a short sale. My answer is always, “it depends.” I could go on and on about the pro’s and con’s on both of these issues, but lets get a few things straight first.

Loan Modification: Its a change of terms in a mortgage note. It can help a struggling homeowner keep their home by reducing their payments.

Short Sale: When a homeowner sells their home for less then they owe on their loan.

Thanks to President Obama, loan modifications are getting... continue reading >>