Tempe Real Estate - Dean Ouellette Short Sale Agent

Is it possible to get a loan modification in Arizona?

Kind of.

It is actually possible, but I haven’t really seen it happen all that much. In fact, according to Kevin Hardin from Thomson Law, one of the most common problems with getting a loan modification done is that it might not be the best solution in the first place for a homeowner.

There are many different situations when it comes to people and their homes – and there is no one-size-fits-all solution. Some people may have a situation where foreclosure makes the most sense, some may be in a situation where a loan modification can make sense and many will be in a situation where a short sale makes the most sense.

Regardless of which of the “bad three” options makes the most sense for your situation, one thing makes perfect sense regardless – hire the best real estate attorney you can.

Here in Arizona, we refer people all the time to Thomson Law and here is a little bit of information from the managing director there about what you need to know about loan modifications.

#1: Who really “owns” your loan?