Date:  January 22nd

Time: 4:00pm PST

Location: The web. click here to sign up.

I am glad you are interested in loan modifications.  This service is in high demand.  If you have not signed up yet, click here to sign up.  You will get an invite to the event Wednesday afternoon and Thursday morning.  Feel free to forward the invite and/or this email to your friends.  To sign up for the web event go to http://www.nwloanmodnet.com/Webinar.html.

Webinar Outline

3:50pm PST - Start Login. 

  • Open line conversation.

4:00pm PST - Begin Event.

  • Intro to loan modification
  • Market size and statistics
  • Qualifying clients
  • Intake form
  • Using loan modification analytics calculator
  • Sample loan modification package
  • Question and answers
  • Real estate law and consumer protection law compliance
  • Presented by
  • Oscar Morante  - Real estate agent
  • Mikel Erdman - Mortgage broker
  • Christopher Schwindt - Real estate attorney

5:00pm PST - Finish

 

Completed Loan Modification Result Examples

Loan Modification Example #1

Original

  • Balance = $275,000.00
  • Interest rate = 8.41% (Adj.)
  • Loan term = 30 years
  • Monthly payment = $2,096.99

Modified

  • Balance = $275,000.00
  • Interest rate = 4.50% (F.R.)
  • Loan term = 40 years
  • Monthly payment = $1,236.30

Loan Modification Example #2  

Original

  • Balance = $675,000.00
  • Interest rate = 7.875% (Adj.)
  • Loan term = 30 years
  • Monthly payment = $4,894.22  

Modified

  • Balance = $675,000.00
  • Interest rate = 6.00% (F.R.)
  • Loan term = 30 years
  • Monthly payment = $4,046.97 (With I/O option for 5 years)

Loan Modification Example #3

 Original

  • Balance = $165,000.00
  • Interest rate = 8.125% (Adj.)
  • Loan term = 20 years
  • Monthly payment = $1,392.99  

Modified

  • Balance = $165,000.00
  • Interest rate = 5.875% (F.R.)
  • Loan term = 30 years
  • Monthly payment = $976.04 (Client received 6 month abatement with zero payment for first six months of modification.) 

www.bestshortsales.com www.oscarpdx.com www.rapidforeclosuredata.com www.shortsaleprocessing.com www.nwloanmodnet.com

 
Post is included in group: Foreclosures & Short Sales
Post is included in group: Pre-foreclosure Market
Post is included in group: Pre-foreclosures
Post is included in group: Short Sale REALTORS®
Post is included in group: Short Sale Specialists & Pre-Foreclosure Education

1 Comments on FREE Loan Modification Webinar & Modification Sample Results

JAN
19
2009
1,210,622 Points 118 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Oscar,

Sounds interesting. I am signing up. Looks like this is somethig that we will hear a lot in the coming onths and maybe years.
9:31pm • #1


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Oscar Morante

Portland, OR

More about me…

Best Short Sales

Office Phone: (971) 222-3734

Email Me

Oscar Morante, Realtor and Short Sale expert interacts with all individuals seeking more knowledge in this fascinating field. The more you learn, the more you earn. Short sales is where most of the business is at. Sure it is a bit more work, but if you are good opportiny is abundant. Learn everything about short sales.


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