Loan Modifications Dont Work, Real Estate and Mortgage Professionals Conclude

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Real estate and mortgage professional are starting to come to the conclusion that loan modifications are not working and people, not banks, should own their homes. Real Funding Partners (RFP) is currently helping both residential and commercial mortgage holders with this revolutionary program. “We’ve not only found a major void in the market that exists between homeowners and traditional banks, but we’re proactively doing something about it,” explains Shayle Durkin, an RFP associate in New Jersey, out of the Chesapeake Branch. “This program is going to infuse growth, stability, and real hope back into the real estate market for both homeowners looking for a second chance and the professionals that are currently serving them.”

 RFP’s primary objective is to keep the family in the home. “Short sales and loan modifications just don’t work for a lot of folks”, explained Durkin, “our program does several things to actually help the homeowner.” Branded as “Smart Sale Lease Back” The program also reduces the monthly payment by 40-60%, while providing a realistic chance of a reduced principal with an exclusive option to re-purchase the home at 90% of the market value (at the time of the end of the lease period). “This is a national program that complies with state and federal regulations, and unlike predatory lenders and illegal scams that are appearing at an alarming rate, the program has no “upfront fees” to qualify, requires no credit or background checks, and ensures that the  homeowner’s best interests and legal protections are the priority every step of the way.”

 “They are square pegs for round holes”, says Durkin of short sales and loan modification, “for many distressed homeowners, and in many cases simply don’t provide a real solution for people who want to stay in their homes. Foreclosure and eviction are the unfortunate results of good people being mostly underserved by a system that just doesn’t work.”

 Dr. Hunter Elam, RFP President explains a major paradigm shift currently taking place between consumers and major lending institutions. “Traditional lending sources have left the market, and private lenders such as private equity firms and wealthy individuals, with billions of dollars to invest, are moving aggressively to fill the vacuum left by conventional lenders in funding projects in untapped commercial and residential markets.”

Real Estate and mortgatge professionals are you tired of  loan modification programs, that dont work! RFP is actively seeking clients who need funding as well as seasoned executives and experienced professionals who are interested in opening and developing new markets as well as servicing a rapidly growing customer base on a local, regional, and national scale.

 About http://www.sdurkin.realfundingpartners.com: Real Funding Partners, the largest private lending institution in the Nation, focuses on bringing innovative private lending solutions to meet all types of commercial real estate and selected residential and business financing needs. RFP has the largest portfolio of private lending institutions and investor backed funding sources available. RFP has expanded its product offering to include residential and commercial lease back programs as well as a new consumer financing program for businesses. RFP President & CEO Dr. Hunter Elam has successfully developed, owned and sold several multi-million dollar high tech companies.