Foreclosure prevention works….this blog post came to me from the Ed over at the Minnesota Home Ownership Center.   There is a link to a Washington Post story that articulates how homeowners are benefiting from working with a counselor to help them with their loan modifications in order to possibly prevent foreclosure.

If you are unable to get a modification approved, one of the other ways you can avoid foreclosure is to pursue a short sale.   There is no guarantee the short sale will be approved, but from everything we’re hearing, the banks are likely to start moving more aggressively in this direction to do a better job of approving them.

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