I would like to report that yet another major loan modification company has closed it doors. Rumor has it that Save My Home USA out of Michigan was officially shut down by the Attorney General of MI. This being said, I have completely changed my thought process on mortgage loan modifications. DO NOT HIRE SOME ONE TO DO IT FOR YOU! They have to go though the exact same process you would to complete a loan modification. I DO RECOMMEND purchasing a loan modification do-it-yourself kit to lean the basic strategy and procedure of the loan mod process.
The best thing for you to do is call your lender's loss mitigation/loan modification dept and ask how to file for a loan modification. Then, with your do-it-yourself mortgage loan modification training, complete the process on your own for FREE! Stay away from any organization that wants to charge you more than a couple hundred dollars. If they do charge, make sure it is kept in an ESCROW account until your mortgage loan modification is completed.
Showing posts with label obama loan modification plan. Show all posts
Showing posts with label obama loan modification plan. Show all posts
Thursday, September 3, 2009
Tuesday, July 21, 2009
Do It Yourself Mortgage Loan Modification Kit
While I will always suggest to seek legal representation when exploring a Mortgage Loan Modification, I do understand that sometimes people just want to try it on their own first. Completely understandable. The legal representation way can be quite pricey, especially when funds are tight to begin with, and what can it hurt to try it on your own. After all, many people are very successful doing it on their own!
The Do It Yourself Mortgage Loan Modification process is not exactly rocket science by any means, but it can be time consuming and quite confusing if you don't know exactly what you are doing. The basic steps are listed in the blog post below, Do It Yourself Mortgage Loan Modification, but I would also recommend a Mortgage Loan Modification Do It Yourself Kit. They are quite affordable and can save you a lot of time and headache.
I have recently reviewed the Do It Yourself Loan Mod Kit and found that it has a lot of very useful information including forms & work sheets, examples of effective hardship letters, phone numbers to lenders, and even phone scripts to use while speaking to your lender! At a price of $19.99, this is a must have if you even think you may want to explore a Mortgage Loan Modification.
CLICK HERE to go directly to the Do It Yourself Loan Mod Kit or click on the banner to the right of this article with the Eagle on it.
If you can muscle the process on your own with this kit, which you can if you try, $20 is a small price to pay to save your home or lower your payment! Much better than the $2,500-$6,000 you will pay for legal representation!
Best of Luck!
The Do It Yourself Mortgage Loan Modification process is not exactly rocket science by any means, but it can be time consuming and quite confusing if you don't know exactly what you are doing. The basic steps are listed in the blog post below, Do It Yourself Mortgage Loan Modification, but I would also recommend a Mortgage Loan Modification Do It Yourself Kit. They are quite affordable and can save you a lot of time and headache.
I have recently reviewed the Do It Yourself Loan Mod Kit and found that it has a lot of very useful information including forms & work sheets, examples of effective hardship letters, phone numbers to lenders, and even phone scripts to use while speaking to your lender! At a price of $19.99, this is a must have if you even think you may want to explore a Mortgage Loan Modification.
CLICK HERE to go directly to the Do It Yourself Loan Mod Kit or click on the banner to the right of this article with the Eagle on it.
If you can muscle the process on your own with this kit, which you can if you try, $20 is a small price to pay to save your home or lower your payment! Much better than the $2,500-$6,000 you will pay for legal representation!
Best of Luck!
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