Google Loan Modification and see how many sites pop up-amazing!  It seems Loan Modification Companies are the new cottage industry-more & more are popping up everyday.  And just who are these companies owned & staffed by?  Some of these offer the services of Attorneys who will negotiate directly with the lender on the borrowers behalf.  That sounds like it could be an effective method-but the fees are expensive-with no guarantee of a positive outcome for the borrower.

Most of the Loan Modification companies are owned & staffed by former Mortgage Brokers & loan officers who now find themselves out of a job.  So with little to no experience, they collect upfront fees from desperate borrowers who are trying to stay in their home.  What's wrong with this picture?  Borrowers need to have a source of information to educate themselves about Loan Modifications prior to engaging the services of a company charging up to $10,000 (that's not a typo!) for something they could possibly do themselves.

Lenders are becoming more & more open to Loan Workouts.  Most have increased their Loss Mitigation staff to handle the high volume of requests coming in.  I think we all realize that Loan Modification is a very beneficial solution for everyone involved-the lenders avoid the high cost of foreclosure, borrowers stay in their homes, neighborhoods maintain their integrity and values stabilize. 

Now we just have to find the best way for a borrower to obtain a beneficial Loan Modification without exhorbitant fees, delays or worse.  There have been several Loan Modification companies investigated and ordered to issue refunds to borrowers for taking the money up front and then never making contact with the borrower or the lender again.  I am doing a lot of research to find a solution to this situation.  I do not want to see any homeowner lose their home when a Loan Modification might have helped their family stay in their home.

I have written a Do It Yourself Loan Modification Guide to help educate homeowners so they can present an effective package to their lender.  I am utilizing my 20 years of finance experience to give step by step instructions, provide the necessary forms and give very detailed tips on what the lenders need to see in order to approve the Loan Modification submission.  I want homeowners to save their hard earned money, avoid foreclosure, and stay in their home, and have an affordable home loan payment.

The Complete Loan Modification Guide is available to help homeowners find an affordable option to fix their loan and save their home.  Borrowers will learn the 7 steps to a successful loan modification.  This easy to follow and easy to understand guide provides all the information a homeowner needs to negotiate with their lender or to assure that a modification company is providing them with the best options.

If you would like more information about home loan modifications, please visit us at:

http://www.myloanmodificationcenter.com