As we’ve discussed on several previous episodes and in various free reports (see the Distressed Borrower Help Center), there are a variety of loan workout options available.  For those who want to keep their home and rental property, re-negotiating the loans can be the first and best choice.  But where can you find loan modification help you can trust?  After its first few years of explosive growth, new laws have wiped out many businesses that provided loan modification services.  That’s the bad news.  The good news is that those left standing are generally the best loan modification companies.

So we decided to get together with a loan modification attorney for a candid conversation on the legal state-of-the-art in loan modifications.

In the broadcast canoe paddling down the real estate rapids for an exciting adventure into radio excellence:
•    Your host and experienced outdoorsman, Robert Helms
•    Co-host and chief paddler, Russell Gray
•    Expert guest, attorney Reuben Nathan

In this radio show, The Real Estate Guys™ venture into the backwoods of the legal wilderness to talk about what programs are working now as property owners, lenders, attorneys, the courts and government are all busy sorting through the foreclosure crisis.

• What is the best way to save your home and rental houses?
• How much money does it cost to get a professional service to help?
• Has the recent news about widespread mortgage fraud improved your odds of success?
• Is it possible to negotiate a successful workout and avoid the loss of your credit, cash savings and retirement?

In a weak jobs market and declining or uncertain income for millions of homeowners, it takes a good survival plan to avoid bankruptcy.  The choices aren’t always clear, yet every decision is critical to getting a loan workout deal you can live with.

The first and best investment is in your own education, so tune in as The Real Estate Guys™ talk with attorney Reuben Nathan for help in navigating through the treacherous territory of mortgage modifications.

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And with all the hype about offensive, defensive and special team strategies, we thought it would be fun to do a show on renegade strategies for property owners when lender workout options aren’t working.

Taped up and dressed out in shoulder pads, helmets and eye-black for today’s broadcast are:

• Your Quarterback, Robert Helms
• Your Not So Tight End, Russell Gray
• The Head Coach and Godfather of Real Estate, Bob Helms
• Trick Play Coordinator and Special Guest, Trustee Verification Specialist, Tyler Cohee

After the coin toss and handshakes, we kick off with a discussion about the ethics of loan agreements.  Of course, when you can’t make the payment, your options are limited.  But what about when you can afford to make the payment and choose not to?  Strategic defaults are growing in number and popularity.  What are they?  Do they make sense and if so, when?

When it’s late in the 4th quarter, you’re way behind and you can’t get your loan modified; the lender won’t forbear, your property is headed to auction; and you just need a little more (a lot more?) time – it’s time to call a trick play!  Our special guest Tyler Cohee dials up just the thing when he calls in to explain how trustee verification works. VERY interesting!

Now in the Red Zone, the Guys call several renegade plays for reducing your loan balances, holding onto your properties and gaining more control over precisely when turn a doomed property over to the lender.

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