It is now law! Banks must help borrowers stay in their homes. Before any foreclosure action, the banks must try and help the homeowner refinance, or do a loan modification. If this is not possible the lender will decide if a shortsale is the best option.
Know the new rules so you can take advantage of all of your options. However, realize that sometimes foreclosure is the best option. Call me for a free consultation so we can discuss what's best for your personal situation.
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