We’ve been working for months to craft our Do-It-Yourself Forensic Loan Audit. It turned-out to be more complex than we anticipated AND we met with much more opposition (from lawyers and auditors) than we anticipated. But, we are almost there and hope to send it to the printers in August.
In the meantime, we continue to [...]
Get Your Bank’s Attention
[On your Loan Modification Application]
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 [...]
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 [...]
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!
