Posts Tagged ‘home loan modification’
http://easyhomeloanmod.com/ for more information.
Getting approved for a Bank of America mortgage loan modification can be tough. In this video, i show you exactly how you can get approved for a bank of america mortgage loan modification.
Duration : 0:5:26
loan modifications are all the rage, even if you aren’t behind on your mortgage you may be able to get you loan modified by a law firm that has a 97% success rate in doing them. If you are behind a loan mod can save your home from foreclosure.
Duration : 0:3:45
Loan modification attorney Steven C. Vondran, Esq. might be able to help save your home. Mr. Vondran is well known throughout the loan modification arena for his vast knowledge of the loan mod process and how to protect your rights as a homeowner. Mr. Vondran not only helps his own clients in their time of need but also holds seminars to train not only attorneys but also brokers who are attempting to help people save their number one investments, their homes.
Duration : 0:2:55
loan modifications are predicted to exceed 10,000,000 in 09. Find out why in this short video that lists the 9 main reasons people are flocking to loan mods. Find out if a loan mod may be right for you even if you are current buy like the idea of reducing your mortgage payment.
Duration : 0:3:59
http://www.60minuteloanmodification.com loan modification expert Mike Rockwood says he will pursue more aggressive loan modifications for his clients in light of Pres. Obama’s statement on loan modifications. Rockwood says that means he will push for lower interest rates and even principal reductions for clients.
For a free CD on Author Mike Rockwood’s experience modifying 5 of his own home loans - and how you can too - please visit our Website at http://www.60minuteloanmodification.com
Duration : 0:0:39
Home Mortgage Modification Process http://www.StopForeclosureNC.net
Duration : 0:2:33
This is the 3rd part in a series of 7 short videos answering the questions people ask about loan modifications also called loan mods. They aren’t legal answers, they are layperson’s answers. It is predicted that there will be over 12 Million loan mods this year, learn why just about everyone is eligible to do one. Never before in my 6 decades on this planet have I seen a better time to lock in a low fixed mortgage rate, even if you are behind on payments. Check out LoanMods-r-us.com for more info.
Duration : 0:2:0
(Click “More Info” to see full video script!)
http://www.60MinuteLoanModification visit for a free CD on Mike Rockwood’s experience modifying 5 of his own home loans - and how you can too. Ask Mortgage Modification questions on our forums at http://www.60minuteloanmodification.com/members
For me, the housing market implosion became personal. If youre reading this article its likely that the crisis has become that way for you, too.
So much power and so little accountability! These lenders have dirty secrets that they wish you did not know. Knowing these will help you negotiate a better modification and KEEP YOUR HOME!
There are no rules!
By that I mean that street-smart homeowners should get on the bleeding-edge of this loan mod frenzy. The pioneers are getting extraordinary values. Whenever a big trend overwhelms and industry there is tremendous advantage that goes to the innovative and courageous. For many months I have been advising clients to pursue an aggressive loan mod solution, even when prospects seemed dire. I have been amazed at the results.
So, be brave, be intelligent and be diligent. You will prevailat least for now.
Most fees are bogus.
When you look at the amount a lender claims you owe them, you might be surprised at how large that number is. If you miss 4 payments of $1000 each, why don’t you owe $4000? The answer is late fees and penalties. The problem is that all of these types of fees have to be justifiable, and completely spelled out.
Most loans have RESPA and TILA violations.
Up to 70% of the loans currently in effect have RESPA and TILA violations. This means that the Real Estate Standards and Procedures Act and/or the Truth in Lending Act was violated when your loan was originated. This gives you recourse up to and including the hypothetical invalidation of the loan itself! Talk about leverage when attempting to negotiate!
You have a right to a timely and thorough response to your written inquiries. Banks wish you never heard of a Qualified Written Request.
Under Section 6 of RESPA is a requirement that lenders must acknowledge your inquiry within 20 days and respond thoroughly to your inquiries within 60 days. This request for a modification, there is a way to hold their feet to the fire. By sending a qualified written requestsuch as your hardship letter, request for additional concessions and request for itemization of feesyou force the banks to respond in a timely manner. This gets you priority in an overworked/ understaffed loss mit department.
Principal Reductions Are Possible.
Yes, it is true that principal reductions are the most difficult thing to achieve when negotiating a loan mod. Some banks however, would have you believe that they simply are not possible. That is a lie.
My clients have successfully negotiated principal reductions, even for investment property. The key is to have an intelligent proposal and be bold and persistent.
The first offer is always unacceptable!
Most people attempting to do their own loan modification are uninformed. Most own only one home, and haven’t had a lot of opportunity to hone their skills at modification. The lenders know this. They rely on it.
When you receive your modification offer, you must remember that it is the minimum that the lender is able/willing to do. They are driven to minimize THEIR loss, not yours! Ask for additional concessions in a Qualified Written Request very shortly after getting your mod offer.
For more info visit me at http://www.60MinuteLoanModification.com
Duration : 0:5:16
A modification to an existing loan made by a lender in response to a borrower’s long-term inability to repay the loan. loan modifications typically involve a reduction in the principal balance, interest rate or an extension of the length of the term of the loan. In some cases a different type of loan or any combination of the three. A lender might be open to modifying a loan because the cost of doing so is less than the cost of default or foreclosure.
Duration : 0:1:32
Learn about Loan mods or loan modifications and how they are saving homes for thousands of homeowners throughout the US. Save your home and stop foreclosure now, visit loanMods-r-us.com and learn about loan modifications. Home mortgages can be modified so the foreclosure can be stopped and save your home now. Visit loanMods-r-us.com and view the 22 FAQs that answer the questions home owners are asking about loan mods.
Duration : 0:5:14