A few weeks ago we were helping a customer negotiate with their bank to get their loan restructured. As the computer was taking its time to process some information, the loan officer started doing small chat to kill time. And while talking about the loans she has worked on over the years she blurted out a piece of information that was shocking: 75% of loan restructurings fail. Yes, SEVENTY FIVE PERCENT!!

Sometimes banks can confirm that the process is approved just to find out later that they need additional information or the borrower is in such financial stress that can make a couple of payments and fail again. In either one of these scenarios properties go back to the foreclosure process and are eventually lost to auction. The borrower/owner walks away with nothing.

If you are considering this option we can help. We help our customers to get out of situations like these in the best possible shape. Call / email / text now. It is free!