Get Your Bank’s Attention
[On your Loan Modification Application]
When things go wrong: Strategies to complain, to ask for help and to demand help!
The nature of the economy these days is having an impact on many people, including on their ability to continue to make their agreed-upon home mortgage payments. Many people are struggling to meet these payments, sadly. But there are a few programs they can take advantage of, including mortgage modification. What to know about this [...]
Thousands of homeowners apply for a HAMP mortgage modifications every day. With those applications, for thousands of honest and hard-working Americans go their best hopes of keeping their homes. So, shall we say this is just a little bit important?
Yet the vast majority of applicants who review their application with me prior to submittal make [...]
Mortgage Principal Reductions and second mortgage settlements are critical to millions of Americans. On loan modification TV tonight it’s a sort of ’state of the union’ in regards to these topics.
Loan modification programs can be a great way to keep you in your home. A home you likely bought when the economy was in better shape than it is now. Maybe the terms of your mortgage seemed great at the time, but were so “creative” that they are now coming back to haunt you and [...]
Negotiation is very different today than it was when loan modifications appeared on the scene. In this episode of Loan Mod TV we delve into tips, tricks and basic education you need to get a successful loan modification.
Recorded July 1. Transcript to appear shortly!
A brief review of this scientific principle can help you balance your family’s budget through a mortgage modification. That’s right, high school physics to the rescue!
File inertia is a term I coined after observing hundreds of mortgage modification applications (aka “files”) processed by banks. My acute observation and deduction capabilities led me to postulate [...]
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 [...]
