Initial Steps

The first step is to stay afloat. This means determining whether keeping your home is financially feasible or not. If you are sure that under more favorable terms you will be able to afford your monthly payments, then you need to sit down and work on a budgeting plan to avoid foreclosure as soon as possible. This means you carefully analyze what you can pay based on what your income is now. Then, use our kit and software to help you organize your documents and do all the calculations for you so that you can submit a winning proposal to your lender. Making a viable proposal will help convince the lender that it is beneficial for them to accept your application and eliminate foreclosure as an option.

Government agencies, banks, seasoned mortgage professionals and major media outlets are in agreement: they all advise homeowners to stay away from third party contractors to assist with mortgage loan modification.

Most loan modification services are overpriced, very slow, and ineffective. This raises the question of who you can trust to do your loan modification. Unfortunately, since the atmosphere surrounding the official process governing loan modifications is both volatile and still changing, you really can’t trust anyone for sure. Therefore, being informed and in control of your financial situation to avoid costly mistakes is priceless.

After thousands of research hours, Loan Modification Education 101 learned that individual homeowners are more successful at modifying their loan than third party contractors. Services administered by attorneys or real estate brokers often fail because there they have no vested interest in helping you save your home. This is bad business. In fact, the predatory lending practices of yesteryear’s real estate boom have given rise to new schemers in the legal and mortgage sectors. Many of these schemers only want to capitalize on the current crisis and falsely claim to guarantee loan modifications for advanced fees as high as $5000.

Another problem with third party agencies is enormous volume. Agencies have become overwhelmed with cases and may not have the time to perform a complete financial analysis of all your income and expenses. Negotiators at lending institutions deal with as many as 600 applications per week—to no exaggeration. Research shows that if you manage your modification, the bank will be much more responsive. Banks prefer to deal directly with the person who makes the payment, who lives in the home and who is financially responsible for the mortgage. Who better to manage your loan modification than you?

No one has the authority to change or modify the terms of any loan without the lending institution’s consent, but with Loan Modification Education 101 you will be empowered with all the tools required to create a complete and organized package with all the bank-approved documents that your lending institution demands.

The Loan Modification Education 101 E-Book and Mobile Modification Office Software will give you detailed information guiding and educating you to a successful outcome. It is our belief that if we can educate and empower the homeowner and take the fear out of the modification process, then we have provided an invaluable and much needed service. You’ve heard all the problems— we have the solution.