Millions of American homeowners had tons of savings, boatloads of equity in real estate and a great high-paying job before the recession and nothing has changed (except their home equity has slipped a bit). This message is for them – congratulations.
Millions of other American homeowners had not achieved such a lofty place financially. Some [...]
In 2009 I spent a lot of time with clients trying to figure if they’d qualify for a mortgage modification. In 2010 it takes me about 5 minutes and is nearly 100% accurate. That’s because the banks, in their rush to streamline, have become so very standardized and predictable.
I say standardized…The Making Homes Affordable Program [...]
Rejections have become a way of life in the Loan Mod Application process. Lenders, simply overwhelmed with the demand, can’t (or won’t) deliver reasonable levels of performance. That is, in spite of almost two years of efforts and 18 months of Making Homes Affordable “encouragement” the banks still produce very few successful modifications…even to [...]
Recorded live. Transcript coming soon!
Mortgage Modifications: When the tough get going!
Recorded live. Transcript coming soon!
Short Sale Myths, Facts and Frequently Asked Questions
Transcript coming soon!
The nuns used to punish me for getting out-of-line but, these days I do it all the time and coach others to do so as well. I know Sr. Helen Michael would be pleased, however, because I am giving good advice that is helping people! Here’s what I mean.
In the current Loan Modification Frenzy, [...]
If the value of your home has declined below the amount you owe on it…you are said to be “upside down” or “underwater”! Both terms conjure up negative thoughts, and, rightly so. With all the due diligence you put into the purchase, and all the business acumen, actuarial smarts, underwriting/appraising and brokerage experience put into [...]
We had a great show tonight on how to followup on your loan modification. This is a make or break component of the modification because if you aren’t babysitting your modification it just ain’t gonna happen! Enjoy the show!
Transcript coming soon. Recorded 6/3/10
The loan modification process is arduous. No one…not applicant, counselor or bank employee…is pleased with the process. And, with tens of thousands of applications ahead of you in line, you have to take extraordinary measures to make it through the process successfully.
Effective follow-up on your application is one of those measures. Your goal in follow-up [...]
