If you or your clients are in the process of losing a home because they are delinquent on the mortgage or upside down in the property then you have options. Now, the loan modification or short sale are not the only options available to you. Now the little known short payoff option (not a short sale) is becoming a much more effective method of resolving the foreclosure issue.

With the steady rise in non-performing notes, banks are more willing than ever to negotiate a cash pay off or (short payoff) with investors that will immediately eliminate these non performing notes from their books. While a short sale can be a long and tedious process and loan modifications rarely reduce principal balances which gives homeowners REAL options, the short payoff (NOT a short sale) is a great way to help homeowners save their homes and get back on their feet.

The advantages of the short payoff (not a short sale) option over the loan modification and short sale is that it allows borrower to stay in their homes, reduce their payments and significantly reduce their principal balance resulting in an equity position that gives homeowners strong financial footing.

Countless loan modifications are denied everyday because homeowners have too much income to qualify which leaves many homeowners in very financially stressful situations as they cannot refinance to a lower interest rate because they owe more than the property is worth. The short payoff (not a short sale) resolves this problem by reducing the homeowners balance and giving them the option to refinance or sell the property at a profit.

So if you are considering a loan modification to save your home or a short sale to escape from a bad mortgage then you may want to look at the short payoff as a more effective long term strategy of saving your home, creating equity and utilizing the best option available to you if you are facing foreclosure.

Duration : 0:7:36

Technorati Tags: avoid, create, do, equity, Foreclosure, How, Loan, modification, payoff, Sale, Short, to

Duration : 0:4:36

Technorati Tags: america, and, avoid, Bank, banks, chase, Foreclosure, Help, How, Loan, modification, of, refinance, Sale, Sales, scams, Short, Stop, to

Duration : 0:5:8

Technorati Tags: avoid, behind, equity, Foreclosure, Help, How, Mortgage, negative, on, payments, specialists, to, trouble

Stop foreclosure and save your home. foreclosure help nationwide.

Duration : 0:0:39

Technorati Tags: Assistance, Foreclosure, Help, How, no, prevention, Stop, to

foreclosure help – How to Use Chapter 13 Bankruptcy to Stop Foreclosure

Duration : 0:1:39

Technorati Tags: 13, bankruptcy, banks, Chapter, Foreclosure, Help, How, issues, law, legal, lenders, mortgages, proceedings, Stop, to, Use