Can I modify my loan to REDUCE the principle balance

Can I modify my loan to REDUCE the principle balance, yes , through a real estate loan cramdown process. Most of you have heard the stories from your family, friends, or co-workers about the nightmares that they have experienced with trying to work with their banks/lenders to try to save their homes. Maybe you have experienced it personally also. Your family, friends, co-workers, and maybe you have been lied to, have waited six months or more for a reply, or have just been put off trying to save your home, apartment and/or commercial investments while working with the banks.

I have actually lived through the bankers’ fake promises, the six months of waiting, the nightmares, the phone calls, and the waiting for replies.

However, my story is not unique, and I would like to help others with the information that I have researched, and was able to use to find a piece of mind in this crazy real estate market. I found the way to force the banks and mortgage companies to legally lower my principal balances on my own personal real estate investment properties. This process consists of 12 steps, and the process will take approximately a year. However, the rewards you may receive are amazing if you follow this program. For example, I have 12 rental properties which used to have absurdly high loan balances. I was able to legally negotiate terms to reduce these principal balances to today’s actual market value!

Now you also can have the opportunity to learn about my process step by step just by calling me or buying my e-book.

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D S News
3/14/2011
Mark Fleming, chief economist with CoreLogic

HOME, INVESTMENT RENTALS OR COMMERCIAL PROPERTIES UNDERWATER, LOAN BALANCES TOO HIGH, this is the sixth month in a row that the company has recorded a year-over-year decline in U.S. home prices, and values

CoreLogic says the industry’s ominous shadow inventory of distressed properties and rising negative equity, combined will still high levels of unemployment, all contributed to the continuing slide in home prices during the first month of this year.

The company reported earlier this week that 23 percent of the nation’s mortgage borrowers owe more on their loan that the home is worth. Altogether, these underwater homeowners have negative equity of about $750 billion.

As of the end of last year, CoreLogic says 11.1 million properties were in a negative equity position and another 2.4 million had less than 5 percent equity in their homes, dangerously close to slipping underwater should home prices continue to fall.

Mark Fleming, chief economist with CoreLogic, said, “A number of factors continue to dampen any recovery in the housing market. Negative equity, which limits the mobility of homeowners, weak demand, and the overhang of shadow inventory all continue to exert downward pressure on housing prices.”

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About the 12 Step Cramdown Process

This plan is made for anyone that needs to reduce a principal balance on a real estate loan. Or, for those who would like to reduce a principal balance for any rental property, commercial property, apartment complexes, or, in some cases your personal home. This can be achieved if you follow the 12 step program.. through www.realestatecramdown.com.

Most of us have called our lender looking for help in the form of a loan modification, or other workout options. The sad fact is that you will never hear about a bank or lender offering to lower your loan balance voluntarily. In 2009 I called 9 lenders on my own for the 12 rental properties that I own. These rental properties are single family homes – so I had to do something! I was told by the banks/lenders who I called that they would not be able to help me because I was current on my payments. The lender also told me that there was no program or help available for people like me who owned investment properties. The lenders/banks would not even work with me in regards to a loan or principal modifications on investment properties or commercial buildings I owned. The fact that I had paid my mortgage payments on time, prevented them from speaking with me, giving me a break, or even considering to work with me. Also the fact that these were investment properties, and NOT an owner occupied home, put me at the last of their list.

I decided to consult with a loan modification company after my attempts with the lenders failed, and I paid this loan modification company an $8,000.00 retainer. I was scammed by this loan modification company, they took my money, and they failed to even get one of the 12 properties I own in any kind of modification. So, I kept looking for an alternative system, and I found one!!! I paid for this new system the hard way…(no easy schemes, no “settle your debt quickly” schemes, no promises to get “mortgage relief” schemes)….just plain old determination, hard work, and research which paid off for me!

I lived through this, I worked it, with sheer determination. I successfully accomplished a CRAMDOWN of all 12 of my investment/rental properties that I own IN ABOUT 12 MONTHS!!! I did the work – I lived through it, I found out about it the hard way, and was able to decrease my principal balance on ALL of my rental properties, with dealing with banks and lenders. My investments are now protected, and the new principal balances are reflective of today’s property values.

I WOULD LOVE TO OFFER THIS 12 STEP CRAMDOWN ADVICE TO YOU. PLEASE CONSIDER THAT RIGHT NOW and YOU CAN PURCHASE THIS 12 STEP PROGRAM, AND MOVE ON!!! SAVE YOUR HOME/PROPERTY/REAL ESTATE FROM FORECLOSURE,EVICTION, SHORT SALE, EMBARRASSMENT, AND STAY IN THE GAME UNTIL THE MARKET TURNS AGAIN. TAKE A STAND AND MOVE FORWARD, YOU WORKED HARD TO BUY IT, WORK HARD TO KEEP IT

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