Can you obtain a mortgage modification on your own for free or without buying a book?
I have proven over the last year and a half that homeowners get a loan modification on their own and I have over 200 documented stories on my forum at www.LoanSafe.org to back up these claims.
We at Loan Safe have compiled the most complete list of FREE loan modification and safe foreclosure help tools available on the internet. The tools below will give you the education and know how to effectively deal with your lender or to obtain help from a non-profit.
The example hardship letters and lender contact information can be used to pursue any type of loan workout. (Mortgage Modification, Short Sale, Deed in Lieu of Foreclosure etc.)
- Help For Homeowners Facing The Loss Of Their Home (En Español)
- HELP 24 hours a day / 7 days a week
- Foreclosure Tax Relief
- Questions and Answers on Home Foreclosures and Debt Cancellation
- HUD Approved Housing Counseling Agencies List (En Español)
- HUD Approved Housing Counseling Agencies: California Cities
- List of Approved Credit Counseling Agencies
Online 24/7 Mortgage Modification Tools From Loan Safe:
· Learn the Foreclosure Process - The foreclosure process varies in every state and it's imperative that homeowners understand this process. One thing is for sure, time is NOT on your side. But, an educated consumer is always an informed consumer who can make a "good" decision based on facts. Learn everything you can because this will affect you in every which way and it is something that should not be taken lightly.
· Foreclosure Laws by State - This section is dedicated to the various foreclosure laws to help you understand the legal process
· Avoid Foreclosure Scams- OCC Consumer Tips for Avoiding Foreclosure Rescue Scams
Foreclosures are increasing nationwide, and so are scams that promise to "rescue" homeowners from foreclosure. What these scams do is take your money, ruin your credit record, and wipe out any equity you have in your home.
· Example Hardship Letter- One of the items your lender or servicer will ask for during the loan workout or mortgage/loan modification process is a hardship letter. A hardship letter is a written explanation as to what "event" has caused you to fall behind on your mortgage and it vital in helping you stop foreclosure.
· Foreclosure Defense Tactics - Get your gloves on and start training for the fight of your life because foreclosure defense is going to be no easy battle.
· Lender & Loss Mitigation Contact Information - Find your lenders contact information.
· Qualified Written Request- Section 6 of RESPA provides borrowers with important consumer protections relating to the servicing of their loans. Under Section 6 of RESPA, borrowers who have a problem with the servicing of their loan (including escrow account questions), should contact their loan servicer in writing, outlining the nature of their complaint. The servicer must acknowledge the complaint in writing within 20 business days of receipt of the complaint. Within 60 business days the
· Short Sale Tips - The term "short sale" is very popular in today's mortgage and housing market. There are potentially millions of people facing foreclosure and a lot of these homeowners are under water on their mortgages. Some will choose to stick it out and fight. However, many will decide to choose to walk away. Short sales are becoming more and more popular as an exit strategy for homeowners. Learn the methods, software and magic it takes to navigate the foreclosure process and get the help you need.
· Real Estate Short Sales the Right Way - If you find yourself in a difficult real estate situation where your home and loan is underwater, don't fret, a short sale might just be the answer to help cure your mortgage woes.
· Can a Deed in Lieu of Foreclosure Cure Your Mortgage Woes? - For home borrowers ("mortgagors") facing foreclosure, a deed in lieu of foreclosure provides an alternative solution to the standard default process. In particular, the deed grants the lender (the "mortgagee") full rights to the property title.
Write Your Senator Today!
Department of Housing and Urban Development
- Mortgage Servicing Complaints
- Housing Counseling Agencies
- How to Avoid Foreclosure (82 KB PDF
- Tips for Avoiding Foreclosure
- Info on Escrow Accounts
Department of Justice (DOJ)
Federal Housing Administration(FHA)
Federal Trade Commission (FTC}
- File a Complaint with the FTC
- Credit & Loans
- Credit Repair: Self Help May Be Best
- Foreclosure Rescue Scams: Another Potential Stress for Homeowners
- Mortgage Payments Sending You Reeling? Here's What to Do
- Mortgage Servicing Complaints and Info
Internal Revenue Service (IRS)
- Homeowners Who Lose Homes; Tax Relief Available to Many
- Q&A on Home Foreclosure and Debt Cancellation
Office of the Comptroller of the Currency (OCC)
More Mortgage Help:
- Get Mortgage Help Now - By County
- Loan Servicer "Hotline" Contact Numbers
- What if You Cannot Pay Your Mortgage?
- (VA) - Trouble Making Payments
- Mortgage Payments Sending you Reeling? Here's What To Do
- NeighborWorks America
- Keys to Preserving Homeownership
Homeowner and Loan Modifications Scams: By all means DO NOT TRUST these phony mortgage modification companies that are preying on homeowners everywhere. Many of these fly by night companies are coming out of the wood work and their sole purpose is to scam desperate homeowners.
You will see these scammer websites advertised all over the search engines like Google and Yahoo.
Many make false claims that that they have a 98% success rate or they can obtain $100,000 mortgage loan principle reductions and their results are guaranteed. They take your $3,000 and you never see them again. There is no way in hell, ANYONE can promise that and remember, if it sounds too good to be true, then it is.
- Shut the Door on Foreclosure Rescue Scams
- We Can Cut Your House Payments in Half!
- Beware of Scam Artists
- Loan Modification Scams
If you cannot get help from the above sources, then you may want to seek the assistance from an attorney.
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