Loan modifications helped many homeowners over the past few years, but if interest rates increase, that could cause these homeowners to struggle to keep up. We have helped many owners with hardships to successfully sell their homes with short sales. If you’re interested in learning more about the process, call Jerri at 706-296-4395 or email us.
There are approximately 2 million modified mortgages facing interest rate resets, and of that amount, 40% are currently underwater, Black Knight’s April Mortgage Monitor Report found.
via Black Knight: 2 million borrowers face rate resets | 2014-06-02 | HousingWire.
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