Loan Modification For Dummies

Loan Modification For Dummies

Author: Ralph R. Roberts

Publisher: John Wiley & Sons

Published: 2009-08-31

Total Pages: 316

ISBN-13: 0470501995

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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.


Guide to Loan Mods 101

Guide to Loan Mods 101

Author: Guide to Loan Mods

Publisher: Guide to Loan Mods 101

Published: 2010-01-25

Total Pages: 93

ISBN-13: 0982626509

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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


Navigating the Mortgage Minefield

Navigating the Mortgage Minefield

Author: Richard GIANNAMORE

Publisher: AMACOM/American Management Association

Published: 2009-04-22

Total Pages: 242

ISBN-13: 0814413706

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Mortgages don’t have to cost an arm and a leg— even in today’s volatile market.


Effective Negotiations

Effective Negotiations

Author: Charles Nehme

Publisher: Charles Nehme

Published:

Total Pages: 18

ISBN-13:

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Negotiation is a process of communication and discussion between two or more parties, with the goal of reaching an agreement or resolving a conflict. Negotiation typically involves a give-and-take approach, where both parties make concessions and compromises to reach a mutually beneficial outcome. Negotiation can occur in a variety of settings, including business, politics, legal disputes, personal relationships, and more. It often involves a series of meetings or discussions, where both parties attempt to persuade each other to agree to their proposed terms. Effective negotiation requires good communication skills, active listening, and the ability to understand and address the needs and interests of all parties involved. Negotiators must be willing to compromise, find common ground, and work towards a solution that meets everyone's needs. Overall, negotiation is an important skill for individuals and organizations to possess, as it can help to resolve conflicts, build relationships, and create mutually beneficial agreements.


Navigating the Mortgage Modification Mess ¡V a Cautionary Tale

Navigating the Mortgage Modification Mess ¡V a Cautionary Tale

Author: Charles G. Smith

Publisher: Xlibris Corporation

Published: 2012-12-14

Total Pages: 50

ISBN-13: 1479754463

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Navigating the Mortgage Modification Mess A Cautionary Tale takes the reader on a serious, yet sarcastically humorous, trip through Federal and internal bank programs for modifying home mortgages. It represents a 3-year timeline of the authors attempt to save part of the American Dream of home ownership. The process involved submitting, and often resubmitting, a large amount of paperwork to answer underwriter questions and justify a hardship request for mortgage modification. During the process, the author saved notes from phone conversations and copies of correspondence from financial institutions. This Cautionary Tale is a compilation of these communications that underlines the gross inefficiencies inherent to HAMP, HAFA, and other mortgage modification programs With the current housing market, there are other people facing foreclosure and the need to modify existing mortgages. The author hopes the experiences described in this Cautionary Tale will help others avoid pitfalls as they try to navigate through the many available mortgage modification programs.