Reno NV – I recently saw an amusing video about loan modifications. In it the guy called Wells Fargo “Hells Fargo.” Apparently it is tough to get a loan modification. They lose your paperwork.

You have to talk to people in other countries where English IS NOT their first language. The people at the lenders treat you like dirt.

Discover how other sellers successfully did a short sale and request a free consultation by clicking here.

In addition, they pretend to love their customers. While you are waiting on hold for two hours to talk to someone, you get to hear the recording, “We at ABC Lending love our customers. We want to provide the best customer service in order to earn your business.”

If you have experienced this, then you know how frustrating it is. But, why go thru the whole experience? Is it really worth the stress?

I don’t think so. Most loan modification do not reduce your payment. Some do, but the reduction usually doesn’t reduce the payment near the fair market rent. As a result, many homeowners limp along with a loan modification they can barely afford.

Little do they realize that they could go rent a similar home for less money. Here is one example of this. A homeowner gets a loan modification from her lender.

She borrows money from family for the upfront payment. Then, she suffers for a year while she pays a payment that is more than she can afford. She has to work extra hours and some night shifts.

Money is so tight she can barely afford to pay for food. Little does she know that she could rent a similar house for 30% less per month.

I see this story happen more often than not. People don’t realize how competitive the rental market is today. They also don’t know how much better off they will be mentally. If you are experiencing a loan modification horror story, then stop.

Take a look around. You do have options. There may be another home you and your family can rent. Then you can short sale, wipe out the upside down debt, and move on with your life.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at tahoejg@netzero.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail. If you prefer, then you can call me at 775-530-1728.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Reno Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, John Graham.

John is a Real Estate Agent at Dickson Realty.

Phone: 775-530-1728. tahoejg@netzero.com.

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View My homes for sale at www.RealEstateByGraham.com.

John Graham specializes in loan modification assistance and short sales in Reno Nevada. Reno Loan Modification Help, Reno Short Sales, Reno Short Sale Realtor Short Sale Realtor. Reno NV Short Sales. Reno Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Graham’s personal views and do not reflect the views of Dickson Realty. This information on Reno Short Sales: How Do I Get Back On My Feet After A Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.