After four-year battle, homeowner gets mortgage modification

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After four-year battle, homeowner gets mortgage modification

After four-year battle, homeowner gets mortgage modification

Charlotte Observer-

Even as the Las Vegas housing market improves, there are still a large number of homeowners who bought at the peak of the real estate boom and are struggling to avoid foreclosure.

It’s well-known that the numbers who lost their home to foreclosure far exceed the number of homeowners who’ve received mortgage assistance.

Then there’s Ken Hall.

Hall, who has worked as a consultant with Las Vegas police’s SWAT team, struggled to get his mortgage refinanced as he was confronted with multiple requests for the same paperwork and his bank transferring his case to another office.

“It wasn’t easy,” said Hall, CEO of Hall Associates Machining. “It took us four years to complete our loan modification. It also took a lot of patience and a lot of paperwork.”

Hall, 54, and his wife, Julie, also own a home in Torrance, Calif., but because of their business and their desire to eventually move to Las Vegas, they bought a home.

Hall found his ideal home in the planned community of Painted Desert in Centennial Hills. The couple bought the two-bedroom, single story home for $254,000.

[CHARLOTTE OBSERVER]

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