Guide to Loan Mods 101


Book Description

Publishers Comments & Synopses Publisher's Comments: The experts at Guide to Loan Mods have been helping homeowners for years. We have been working with lenders and people just like you to be able to buy the homes of their dreams. Now, in the face of this financial crisis, we are using our experience working with lenders to help you keep the home you have worked so hard to get. Our seasoned professionals have decades of experience dealing with lenders. We understand how they operate and we know the options that are available to you. And we have put all of this expertise into a system that is designed to do one thing -- allow you to save your home. In these tough economic times, many things can contribute to falling behind on a mortgage. Unemployment rates are soaring. A laid-off in a dual family household means that money needs to be prioritized. When you have credit cards to pay and groceries to buy, your mortgage can seem like something which can wait a month until things get back to normal. But what happens if normal doesn't return that next month? You need a complete step by step guide that will: [Teach you how to organize a complete presentable package to your lender to increase your chances of success [Explain to you the importance of the current lending environment and how to position yourself within it [Guide you through the one of the most critical parts of the process which is effectively communicating with your lender helping to avoid a frustrating denial [Provide you example hardship letters The facts are, whatever has happened, it isn't your fault. The entire country is suffering as a result of this poor economy. But, it isn't a lost cause. You can save your home through our Guide to Loan Modification 101! Synopsis: The Guide to Loan Mod 101 book is a practical, straightforward primer on the basics of helping existing homeowners that are attempting to modify their home without additional assistance. Written by leading experts, this book provides information based on real-life examples from the team at Guide to Loan Mods. Perfect for anyone who can't afford expensive loan modification services, however still needs a step by step guide to help them through the complicated process. This practical book provides real-world loan modification advice based on the one thing you can't get on your own--experience. In Guide to Loan Mods 101 you'll learn how to: Step into the lenders shoes providing you insight to the entire process Put together a complete package which is critical for dealing with lenders Gain a better understanding of what to say to the lenders to streamline the process Understand the current lending environment and how fast it is changing Put together hardship letters to present to your lenders How to use the practical information to fast track your loan modification




Loan Modification For Dummies


Book Description

The crucial information you need to secure a reliable loan modification and save your home Behind on your mortgage payments? Worried about losing your home? Don't panic. Loan Modification For Dummies gives you the reliable, authoritative, easy-to-understand guidance you need to apply for and secure a loan modification that lowers your monthly house payment and keeps you in your home. This practical, plain-English guide leads you step by step through the loan modification process, from contacting your lender to applying for a loan modification, evaluating the lender's initial offer, and negotiating a modification that lowers your monthly payment while helping you catch up on any past-due amounts. You'll learn how to communicate with your bank or loan servicer, recognize and avoid loan-modification scams, and find a knowledgeable loan modification specialist, if you choose not to do it yourself. Advice on determining whether you're likely to qualify for your lender's loan modification program Guidance on preparing and submitting a loan modification application that improves your chances of success Helps you figure out a monthly payment you really can afford Tips on modifying your loan even when you owe more than your home's current market value Negotiation advice for securing the best possible terms and lowest monthly payment Resources for contacting your lender, obtaining free or affordable third-party assistance, and getting government agencies on your side Read Loan Modification For Dummies and start saving your home today.







Loan Modification Guide


Book Description







Loan Modification Made Simple


Book Description

Loan Modification Made Simple An Insider Guide to Understanding Modification and Preventing Foreclosure Section 1: The Basics * Premise of this Book/Introduction * Comparison of Modification vs. Refinance Section 2: Understanding the Concept of Loan Modification * What is a Loan Modification? * Characteristics of a Note that a Bank Can Modify * Why Would a Bank Modify a Loan? * Causes of the Modification Boom * Modifications are Negotiations: Use the Threat of Foreclosure * Foreclosure Timetable * The Banks Reaction during the Foreclosure Process Section 3: How to Modify My Loan * What are Loss Mitigation / Home Retention Departments? * The Proper Way to Deal with Your Loss Mitigation Department (extremely important!!) * Step by Step Procedure on to How to Successfully Negotiate Your Own Loan Modification * Hardship/Hardship Letter * What Banks are looking for to Grant a Loan Modification Section 4: Breaking Down Modification Companies * When a Homeowner should Contact a Modification Company * Difference between an Attorney Based Modification and a Non-Attorney Based Company * Difference between Attorney Based Modification Companies and Law Offices * Avoiding Scam Artists Section 5: California Governor Arnold Schwarzenegger's Answer to the California Housing Crisis * California's Loan Modification legislation Section 6: Finalizing and Submitting Your Modification Proposal * Putting the Loan Modification Proposal Together and Submitting * Developing a Loan Modification Proposal * Example Loan Modification Proposal * If a Principal Balance Reduction is Denied * Loan Modification Income and Expense Worksheet * Proper Loan Modification Cover Letter Section 7: Forms * Explanation of How to Properly Fill Out Forms * Loss Mitigation Fax Cover Sheet * Example Cover Letter * Loan Modification Proposal * Real Estate Cash Flow Worksheet * Dynamic Expense Worksheet * Dynamic Income Worksheet with Disposable Income Calculation * Example Hardship Letter * Example List of Hardships Section 8: Pertinent Modification Terms * Glossary




Advanced Do it Yourself


Book Description




10 Days to a Mortgage Loan Modification


Book Description

loan modification, modify, modification, loan modification help, loan modification tips, real estate, foreclosure




H. U. D. Rules How to Be Approved for a Loan Modification


Book Description

Americans are sick with fear of losing their home to foreclosure and J. Harold Gwynne III is the only one who has the cure! Are you currently behind on your mortgage? Are you anticipating being late on your mortgage? Have you been turned down for a loan modification? If you have answered "Yes" to any of these questions, you need to read H.U.D. RULES; HOW to be APPROVED for a LOAN MODIFICATION. For the people who are applying for a loan modification, 70% of you will be denied your loan modification and lose your home to foreclosure, simply because you do not know what you are doing and you want someone to hold your hand and walk you through the process. If you read J. Harold's book and follow his directions, without any deviations, 100% of you will be approved for your loan modification. J. Harold walks you through the process, step by step, from beginning to closing, showing you how to be approved for a loan modification. In the next four days, you will have completed every document required and packaged your Loan Modification Request Package exactly in accordance to H.U.D.'s rules. Because each of your documents are as exactly the way H.U.D. and your Investor requires, there will be no other documents required, no questions will arise and your loan modification review will go so smoothly, you'll have to remind yourself you are still in review. Better, yet, you will be approved within sixty days from your submission; in one sixth less time than 95% of everyone who applies. People fail, not because they can't afford a modification, but because of their lack of documentation. J. Harold will show you how to be approved for your loan modification.




Loan Modification 2012


Book Description

Mortgage problems? Everything changed June 1, 2012.This book will help. It's the consumer's version of federal rules for modifying home loans, current with important change that took effect on June 1.If you don't know what to do. If you've applied for a modification, but it's taking too long. If your lender made an offer, but it's not enough. Even if you've been turned down. Rely on this valuable resource during a long, unfamiliar, and discouraging process. It can shift the balance of power and help you get control.Cut through technical jargon and specialized knowledge. Homeowners, landlords, and their trusted advisors now have a simple and complete reference when working with lenders. Step by step, it explains what you need to know and do to get a loan modification.The federal Making Home Affordable Modification Program, sets rules for more than 85% of all home loans. What are the rules? Can I lower my payments? Is my lender required to modify my loan? Do I qualify? Does my lender play by the rules? Here are the answers to your questions, plus 12 questions to ask your lender.Now you can understand the guidelines that the big lenders like Bank of America, Chase, and Wells Fargo use to modify home loans. They claim they want to help. It doesn't matter – they are overwhelmed. Borrowers must take responsibility for themselves. This book makes that possible.Loan Modification 2012: The Essential Guide includes helpful suggestions and practical tools. Use the forms, grids, and worksheets to calculate your new payment, complete financial information, and qualify for a modification. Look up unfamiliar, but crucial terms in the Glossary.This is the User's Manual for homeowners, landlords, and their professional advisors to get the most out of the Home Affordable Modification Program. Knowledge is power. Get the results you want and deserve.