Mike Rockwood: So from your home, rather than walk away we both really highly recommend that you consider short selling. It’s a great option. Shoot us an e-mail at help@60minuteloanmodification to learn more about how short sales work. We can help you get started. Our fees are extremely low and if you need just [...]
Ryan Rockwood: Hello everyone and welcome to the call. This is the 60-Minute Loan Modification Insider’s Secret Teleconference series. We’re here to beat the bank to save your home and help you escape bad debts forever. My name is Ryan Rockwood and if you’ve joined us for a while you know that I’m [...]
Ryan Rockwood: Hello, everyone and welcome to the call. I apologize for getting started a few minutes late. You have arrived at the 60-Minute Loan Modification Teleconference Weekly Teleconference. And I believe this is our teleconference that is open to everyone. Welcome. We’re excited to have you here with us. Today’s topic is going to [...]
TRANSCRIPT of Mike Rockwood on FOX Business
“Time now for the diamond district on happy hour how we stop this housing mess once and for all move on. One thing we have to do is stop the foreclosures now I do not want to get into that tired old argument about whether we should. Bail out [...]
Ryan Rockwood: Hello and welcome to the call. This is Ryan Rockwood with the 60-Minute Loan Modification Teleconference Series. We’re here to beat the bank, to save your home, and to help you escape bad debts forever. As usual, I’m joined by my father and business partner, Mike Rockwood, on evening’s call.
Mike Rockwood: Good evening, [...]
Dear Homeowner,
If you quit paying your equity line of credit, and you have
no equity anymore, it’s very likely the loan will be charged
off.
In the short term, that means it’s gone. In the long term,
it’s still a big “what if.”
Will someone buy that chargeoff and come after you some
day? Possibly. Will it just disappear [...]
Dear Homeowner,
Your debt-to-income ratio (DTI) is often the deciding
factor in your loan modification.
That’s obvious. Less obvious is how EXACTLY you calculate
it. To confuse the issue even more, some lenders want
gross income, some want net. Some want only debts that
appear on your credit report, others want ALL household
income.
Asking your lender how to calculate your DTI [...]
Dear Homeowner,
The vast majority of clients we work with DO qualify
for loan modifications – but some don’t.
If you have any doubt as to whether or not you qualify,
listen live to my recent teleconference all about
qualifying for a loan modification.
