Las Vegas Mortgage Lender Calls Other Lenders To Action: Help With Note Modification

Aaron Gordon is a mortgage lender in Las Vegas. I don't know him, but I just read one of his posts and it inspired me to link to it. He is asking all mortgage lenders to do some pro bono work and help people who might be upside down in their mortgages by calling their lenders for them and asking for a note modification. Aaron's post is here. I found out about it through a post I wrote asking if the recent efforts by Save The American Dream could actually help (they are calling for a 2 year ARM moratorium).

Lou Tisler of NHSGC pointed out that people are reluctant to do it on their own. Aaron points out that instead of calling their original lenders, they are calling him and others like him to refinance. So he helps them. For free.

Read Aaron's post! I plan on calling all the lenders I know personally tomorrow and asking them if they are doing this. Peace Out - 3C

A Short Sale Could Save You From Foreclosure

Short Sales are a valid alternative to getting completely mired in the foreclosure process. The important thing is to not ignore notices from your bank or lender; call their collections department immediately and see what kind of alternatives you have.

I love it when someone explains the process so well that I don't have to. One of my favorite bloggers is a Realtor® in Minnesota and she explains the short sale issue perfectly here. Read what Bonnie Erickson has to say; it might help you avoid getting into a real mortgage fix. Peace Out-3C