Foreclosure and Loan Modification Notices to Borrowers = Scary and Incomprehensible Gibberish

As a short sale Realtor, I have many kitchen table conversations with borrowers in foreclosure. I often get handed a stack of letters and asked to decipher what the lender is saying. Although crystal clear to the professional, to the end consumer the verbiage is often confusing, cryptic, ambiguous and frankly incomprehensible.

Why Not Use Simple English?

Complex banking terminology is used instead of simple English. Borrowers get denial letters for requests they never made. The list goes on.

Many borrowers get so scared and perplexed by the process they just don’t know who to turn to and who to believe.

Borrowers Want To Make Informed Decisions

Millions of borrowers are desperately making the monumental and noble effort to work things out with their lender. Borrowers want to make good decisions but need to have a clear understanding of the situation.

A Realtor who specializes in short sales can help clarify to the borrower the available foreclosure options.