– In the fallout of the collapsing housing market, many real estate companies are branching out into a new market which has essentially been created by the loss of business in their traditional space. Staff at many companies are changing hats internally to focus on more lucurative pursuits. One company’s in-house rental property mortgage modification experts offer phone consultation to individual real estate investors on their specific situation.
In addition to its popular DIY self help kits that offer insights into each bank’s loan modification criteria such as Chase, Citi Mortgage, Bank of America, Wells Fargo and GMAC for non-owner occupied properties, many rental property investors just need a few hours of dedicated help to be able to customize their application based on their personal situation. This may include making a plan for writing hardship letters, and what to or not to include in the finical worksheets. The experts also provide advice on how to correspond with the bank’s processors and negotiate better terms.