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About Dennis Herman
Expertise
I can answer questions on Real Estate such as question on writing an Offer to Purchase. What can go wrong after an offer is written? What is Buyer Agency and what will it do for me? What is a foreclosure? What is the difference between a foreclosure, a bank owned property and a short sale? What is the best way to locate a property? What steps can be taken to avoid foreclosure? How do Real Estate Agents get paid? How can I quickly build equity in a home? How do I view homes? What types of homes will have the best prices? How do I choose an agent? What types of financing are available?

Experience
Residential and commercial real estate. New home purchases. Buyer Agency. First time home buyers. Foreclosures, bank owned properties, estate sales and short sales.

Organizations
Greater Milwaukee Realtors Association Wisconsin Realtors Association National Association of Realtors

Publications
http://activerain.com/bloghome

Education/Credentials
State of Wisconsin Licensed Real Estate Sales Agent Accredited Buyer Agency Training Relocation Training Certified Senior Citizen Representative Wisconsin Real Estate Continuing Education

You are here: Experts > Real Estate > Foreclosure > Foreclosure > loan modification

Foreclosure - loan modification

Expert: Dennis Herman - 10/24/2009

Question
we were charged for a loan modification, in order to get fix rate, from our arm rate. to an attorney,it has been six months and all we had is a similar arm modification. we have not paid our mortgage for six months, so we are in foreclosure. What choices do we have to recover our funds and to proceed with our loan modification.

Answer
Always deal with Internet sites ending in .gov such as the HUD site.

http://portal.hud.gov/portal/page/portal/HUD/topics/avoiding_foreclosure

There are too many people out there trying to make a living from taking the money of those who can not even may the mortgage.

Consult you attorney. Check the above site to see if they can offer an ARM. I have not heard of that. Look out for up front fees. Check you local city site for local agencies to help with foreclosure problems.

If you suspect any foul play, file a complaint with the state banking commissioner.

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