Do Loan Modifications Actually Exist?

Los Angeles, CA (PRWEB) August 19, 2009

In the past few months, we have heard distressing stories of scammers who promised significantly and delivered practically nothing. Raffy Boulgourjian is a Los Angeles primarily based true estate lawyer who has noticed several a homeowner come to him for assistance.

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“Home owners are scared and confused. They have listened to all the hype and misinformation and their heads are spinning. Couple that with the very actual stresses of facing foreclosure and you have a group of people who are desperate for some straight talk about their choices. Some are probably wondering if loan modifications even exist and how to get one particular.”

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In his recent post, “The Prime Seven Myths About Loan Modifications” http://www.jdsupra.com/documents/5630fd93-e358-45b5-b211-8841f53cd5fb.pdf, Boulgourjian attempts to separate fact from fiction by debunking a lot of of the myths at the moment swirling in the media.

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“Loan modifications exist, but they aren’t always straightforward to obtain. If you are facing foreclosure you want to turn out to be as informed as achievable and rapidly. Contact your lender, get assistance from a referred or recommended skilled, but whatever you do, do not ignore the difficulty. You have valuable time to operate some thing out ahead of your residence goes to foreclosure. Use your time wisely.”

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For additional info about options obtainable to home owners in distress, go to http://www.boulgourjianlaw.com

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