loan modification guide: How to Handle Clients Loan Modification Questions Ethically & Legally-HAMP & HAFA - 01/25/10 02:42 PM
What is the best way to handle your client’s inquiries about a loan modification? It is very common for this subject to come up during conversations, listing appointments and meetings with homeowners-the current housing and economic circumstances have caused a lot of fear and confusion for everyone. Like it or not, the reality of today’s market dictates that a Realtor should have at least a general knowledge of the various home retention options and exit strategies available to homeowners-options that may have not been available in the past, but are now commonplace-such as loan modification, short sale, deed-in-lieu & foreclosure.
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loan modification guide: Loan Modification Forms-What They Are and How to Complete Them Correctly - 08/31/09 06:27 PM
Struggling homeowners who want to apply for a loan workout with their lender will need to submit the required loan modification forms for review to determine if they will qualify for assistance. What are these forms and where can you get them? How can you be sure that you have completed the loan modification forms properly so that you have the best chance for approval? Here is some helpful information on how to complete them correctly:
Submission Sheet-This form briefly outlines your request for a loan workout and explains to your lender what your payment goal is. This is where you … (0 comments)
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loan modification guide: Loan Modification Help-Earn Extra Income as an Affiliate - 06/10/09 05:42 PM
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Loan Modification Central, Inc., was founded as an educational and consumer advocacy company to help homeowners help themselves during the current economic and housing … (0 comments)
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loan modification guide: Extra Income for Real Estate Agents-Do it Yourself Loan Mod Kit Affiliate Opportunity - 06/10/09 05:18 PM
The Complete Loan Modification Guide-Handbook, DVD, CD & Bonus Pak
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Finally an affordable solution for struggling homeowners to help them get the lower mortgage payment they need to avoid foreclosure and stay in their home.
Millions of homeowners need help and information to learn about their options. Do they qualify for a loan modification? Is a short sale a good option? How can they stop foreclosure? You can provide a very timely and helpful resource for your clients, while establishing an additional income stream … (0 comments)
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loan modification guide: Mortgage Loan Modification-Top 10 Tips to Apply & Qualify - 05/09/09 06:43 PM
Confused and frustrated trying to find a way to lower your home loan payment so you can afford to stay in your home? A mortgage loan modification may be the solution you need, but before you contact your bank make sure you are prepared, ready and have the best chance of success. Here are the Top 10 Tips to help you apply and qualify:
Mortgage loan modification Tip #1: Before you do anything, invest 2 hours of your time learning a little bit about the process. It is pretty hard to qualify for something unless you know what is required of … (0 comments)
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loan modification guide: Home Affordable Loan Modification Help-6 Lenders Approved-Is Your Bank One of them? - 04/21/09 07:46 PM
Struggling homeowners who have been frustrated trying to get a loan modification may finally be given a life line with the Home Affordable program. This federally funded plan offers an aggressive and streamlined method of reducing mortgage payments to an affordable amount. Since it's announcement in March, the Treasury Department has been working to sign on lenders and servicers to participate. The lenders must be approved to offer the program to their clients. Six lenders have already finalized their agreements and can now begin getting the incentive payments from the Feds that make this program so enticing.
What does all this mean to you … (0 comments)
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loan modification guide: Loan Modification Application Tips: 3 Reasons you Could be Denied! - 02/23/09 02:37 PM
If you are one of the millions of American homeowners frantically trying to find a solution to unaffordable mortgage payments, don't take any chances with your loan modification application. You need help and you need it now-make sure that you give yourself the best chance for approval with your lender. You do have some control over whether your lender approves your loan modification, the fact is that the information you provide determines in large part whether you will qualify. Make sure you don't give your lender one of these 3 reasons to decline your proposal!
Loan Modification Application Reason for Denial … (0 comments)
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loan modification guide: Loan Modification Help-Who Gets Approved and Why - 01/26/09 04:41 PM
Why are some homeowners approved for loan modification help while others are denied? There is an application process that interested borrowers must go through in order to be considered a candidate for a loan workout with their lender. Not everyone qualifies-find out who gets approved and why before you contact your lender to apply for loan modification help.
Millions of homeowners are facing the possibility of losing their homes due to unaffordable mortgage payments. But the facts are that only 60% of those who apply will be approved for loan modification help with their lender. That leaves millions of borrowers without … (0 comments)
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loan modification guide: Loan Modification Help-Why Waiting is Not a Good Choice - 01/26/09 12:41 PM
If you are one of the 4 million homeowners stuck with high monthly mortgage payments, you may benefit from loan modification help to lower your loan payments. Almost every lender has implemented some type of loan modification program to help their struggling borrowers find a way to stay in their home and avert foreclosure. The housing crisis has reached unprecendented levels, and millions of borrowers need immediate help. If you are interested in learning if you qualify for a loan workout, do not wait-begin now to learn how to begin the loan modification process.
Close to four million homeowners need loan … (1 comments)
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loan modification guide: Loan Modification Programs-Streamlined Programs Offer More Help to Homeowners - 01/03/09 01:24 PM
Homeowners with unaffordable loans owned or serviced by Fannie Mae or Freddie Mac can take advantage of a streamlined loan modification program to help them avoid foreclosure and stay in their homes. Fannie Mae has been working with 27 lenders and servicers in the Hope Now Alliance to offer borrowers a streamlined loan modification process for borrowers who meet certain criteria and demonstrate a financial hardship. '
This loan modification program will seek to reduce the monthly mortgage payment to equal 38% of the borrowers gross monthly income by using several options, including:
Adding any missed payments to the loan balance … (0 comments)
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loan modification guide: Loan Modification - Learn about "Produce the Note" Strategy - 12/29/08 05:50 PM
Millions of frantic homeowners are facing foreclosure and need loan modification help to stay in their homes. But how can you convince a reluctant lender to grant a loan modification that offers a low affordable payment? Well, one more powerful weapon has emerged to help homeowners in their fight to stop foreclosure-it is called "Produce the Note" and here is how it works.
Produce the note is a defensive strategy that a homeowner can use to fight foreclosure by demanding the lender prove to the court that they are indeed the owner of the loan and have the right to foreclose. … (1 comments)
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loan modification guide: Loan Modification Information for Realtors-$25 Coupon Offer - 12/13/08 01:08 PM
Do you want to learn more about the loan modification process? Most real estate agents have been approached by clients or friends seeking information and advice about loan modification as an option to lower their mortgage payment so they can stay in their home. Real estate agents interested in learning more about the loan modification programs and requirements necessary to qualify for these programs can find the information they need in The Complete Loan Modification Guide. Now, as an incentive to help real estate agents learn about loan modification options for their clients, a special discount of $25 is being made … (2 comments)
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loan modification guide: Do it Yourself Loan Modification-Can you do it or Should you Hire a Company? - 12/04/08 09:54 AM
It is pretty clear to everyone that a broad based loan modification effort is required to stem the tide of massive foreclosure recordings due to the economic meltdown. Borrowers who are facing financial hardship and are at risk of losing their home need to decide quickly what their options are and what is the best way to get the relief they need.
A do it yourself loan modification is one option to consider. Why a do it yourself loan modification? Well, for one thing it's FREE. Most struggling homeowners do not have $2000 to $5000 laying around to pay a loan … (0 comments)
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loan modification guide: Wachovia Loan Modification-8 Insider TIPs to get Help - 11/28/08 05:31 PM
Struggling homeowners trying to get help with a Wachovia loan modification may feel like they have hit a brick wall. It can be a frustrating, confusing and stressful situation for borrowers attempting to find a loan workout solution due to the current mortgage and economic crisis. Here are 7 TIPS to help you get the Wachovia loan modification help you need and deserve:
Make sure you are speaking with the right person-don't waste time talking to collections-their goal is to get as much money out of you as possible. Call the loss mitigation department and then make a note of the … (1 comments)
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loan modification guide: DIY Loan Modification-7 Important Tips to Know - 11/26/08 01:05 PM
A do it yourself loan modification may seem confusing, but you can increase your chances of getting the help you need by reading these 7 important tips. The secret to preparing a professional and acceptable loan modification application is completing your paperwork properly so that it meets your lenders guidelines for acceptance. Your lender may agree to modify your existing loan by offering a lower interest rate, a longer loan term, included missed payments and fees, and sometimes offer principal forbearance. Unfortunately, not all borrowers who apply will qualify for help. Here are 7 important tips that will help you increase … (0 comments)
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loan modification guide: Loan Modification vs. Refinance-Which is Best? - 11/25/08 05:11 PM
When a distressed homeowner is considering their options in order to obtain a lower monthly payment, deciding on a loan modification versus refinance is something to consider. So, what are the basic differences between the two options and which one might be the best answer to solve the financial hardship currently facing close to 2 million borrowwers? To help you figure out how best to proceed, here is a brief outline of some of the pros and cons and both options:
So, when considering a loan modification versus refinance, homeowners need to first decide which option they have the … (2 comments)
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loan modification guide: Loan Modification Companies-6 Important Tips to Know Before You Pay - 11/22/08 07:55 PM
Hearing about those loan modification companies who promise to stop foreclosure, get your home loan converted into a lower monthly payment that you can afford and do it better than anyone else? Can they really do that? Well, the answer is maybe. Distressed homeowners are getting loan modification help-some by working directly with their lender and others by hiring a professional company to represent them. If you think you would be more comfortable hiring a loan modification company, don't take your wallet out just yet. Yes, you will have to pay a large upfront fee-but before you do, make sure you … (0 comments)
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loan modification guide: Loan Modification Help-How Long does it Take? - 11/20/08 08:10 PM
The wolf is at the door for millions of Americans needing loan modification help. And that help is way past due. Lenders have been slow to offer any type of streamlined and far reaching loan modification help to delinquent borrowers. Even the Federal Government has started strongly encouraging lenders to step up to the plate and start reaching out to homeowners at risk of foreclosure to help them stay in their homes.
One of the biggest problems has been that most loans were split up and sold on Wall Street so that it becomes difficult to know who really owns the … (3 comments)
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loan modification guide: Loan Modification Help-Information about Upfront Fees - 11/17/08 03:12 PM
Why are already struggling homeowners seeking loan modification help required to pay a large upfront fee to a loan modification company? Because of the huge demand created by nearly 2 million borrowers needing a loan workout solution, thousands of loan modification companies have begun offering their services to represent the homeowner during the loan modification process. Confused and frustrated borrowers are told that they will have a better chance of getting loan modification help by paying for this service than if they worked directly with their lender. Whether this is indeed the case, before paying a large sum to anyone, homeowners … (1 comments)
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loan modification guide: Loan Modification Help-Important Tips for Success - 11/15/08 06:01 PM
Stuggling homeowners wondering how to get the loan modification help they need may be wondering where to start. Currently over 2 million struggling borrowers are facing foreclosure and desperately in need of a solution to avoid foreclosure. The Federal Government has acknowledged that lenders need to offer systematic and streamlined loan modification programs to help keep borrowers in their homes. But, if you are one of those stuck in an unaffordable mortgage, where do you start to get the help you need?
Trying to get loan modification help can be confusing and frustrating for most homeowners. Borrowers who are stuck in an … (0 comments)
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