Home Loan Modifications Instead of Bankruptcy
There is a genuine, if not urgent, compelling interest for home buyers with mortgages, who find themselves being threatened with foreclosure, to seek quick, efficient, workable home loan modifications instead of bankruptcy.
When the buyer partners with qualified legal counsel, they bring into the proceedings a valuable ally who's interest is vested in and shared with the buyer to maintain an optimum of control over the retention of property, stability and long term security. Bankruptcy proceedings, even with good counsel, do not always, consistently, maintain this desired level of control.
Buyers desiring to effect home loan modifications instead of bankruptcy establish for themselves a statement of purpose that speaks far beyond just the settlement of property issues, though these issues are vitally important and not the least bit trivial.
The Real Value of Home Loan Modifications Instead of Bankruptcy
But a home loan modification instead of bankruptcy signifies an acceptance of responsibility regardless of the circumstances that fostered the hardship in the first place. It is a priceless declaration of ownership, not only of property but principle as well.
Those who successfully acquire home loan modifications instead of bankruptcy are modern-day pioneers who forge a new trail, in the midst of continuing uncertainty, leading the way for so many in our present culture to follow. They are united in employing home loan modifications rather than bankruptcy to afford themselves unfettered and uncluttered freedom for the future; not carrying the dogma of scrutiny for the next seven to ten years.
While bankruptcy may offer a quick fix to an unwanted, unplanned and unforeseen set of circumstances that threaten the property, security and safety of the family, the neglect of pursuing the option of home loan modifications instead, may prove to be tantamount to sacrificing the future on the altar of the immediate.
The value and compelling interest of home loan modifications instead of bankruptcy is more than what the eye can see. It is more than crunching numbers or chapter 7 or 13. It is about families, people who love and count on one another, neighborhoods and communities, the very essences of American society.
It is about keeping these foundational elements in place, where people strive to maintain their homes and livelihoods, their connections to the American fabric and are willing to become a vital part of the solution to such a far reaching problem in America today. Let the doors of opportunity be opened to those who choose home loan modifications instead of bankruptcy.See if home modification is right for your situation and finances.
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