As millions of homeowners stuck with unaffordable mortgages and looming foreclosure struggle to get loan modification help from their reluctant lenders, a new and powerful strategy has emerged to add some firepower to their fight.  It’s called “produce the Note” and it works like this.

Produce the note is a defensive strategy that can be used to fight off foreclosure proceedings and give you more time to find a loan modification solution with your bank.  Simply put, you are demanding that your lender prove to the court that they in fact own your home by presenting the original Note at the foreclosure proceedings.  You are challenging your lender’s claim that you owe them money, that they in fact have the mortgage on your home and have the right to foreclose for payment default.

While it may seem a given that the lender is the owner of your mortgage, because of the banks bundling and reselling of mortgages, notes are often lost or destroyed.  Most mortgages have been split up and converted to Mortgage Backed Securities owned by groups of investors.  So, who really owns your loan now?  In some cases, the original lender has gone out of business.  The original Note is evidence of the debt, and in a court of law, the plaintiff in a case has the burden to prove that what they are telling the court is actually true.  How does the bank prove you owe them the money?  They must “produce the Note”.

This new foreclosure defense has been given some credence by a recent groundbreaking ruling by a judge in Ohio who dismissed 14 foreclosure filings brought by Deutsche Bank, citing that the bank could not prove it held the notes.   In another case, the judge berated a lender stating that banks must meet the same rules that govern all litigation and that is is the creditor’s responsibility to keep accurate records.  When a plaintiff in a case makes a claim that the defendant does not challenge, then the court usually accepts the plaintiff’s claims on face value, because you had the chance to contradict them but did not do so.

Using the Produce the Note strategy can certainly get your lenders attention and possibly induce them to cooperate with loan modification help.  That is really the whole purpose of using this technique-no one is implying that you should try to get something for nothing-but this is one more weapon in the arsenal you need to fight your lender and win.  In addition, if you don’t challenge your lender and the proceeding is allowed to contiue without proof, there is a possibility that another institution, which may have bought your loan somewhere along the line will also try to collect from you later.  Homeowners need to take any steps necessary to find a solution to stay in their home with affordable monthly mortgage payments.  An informed and persistent borrower will have a greater chance of success and be able to get back on the road to financial security by obtaining a loan modification featuring affordable payments.

You can get the help you need to understand the  loan modification process and negotiating strategies by ordering and downloading The Complete Loan Modification Guide. This is a low cost, easy to read handbook that will provide you with everything you need to prepare a professional and acceptable loan modification application. You are provided with all of the necessary forms and given detailed directions on how to complete them properly. The Complete Loan Modification Guide will take you step by step through calculating your debt ratio, completing the financial statements, writing your hardship letter and then putting it all together to submit to your lender. Get started today on the path to secure home ownership, order and download The Complete Loan Modification Guide.

For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com

Facing unaffordable mortgage payments and worried about losing your home?  Well, you are not alone-close to 2 million borrowers across the country are in the same boat.  Unfortunately, the worst is yet to come with another 8 million foreclosures predicted over the next 4 years!  Lenders are more and more willing to offer loan modification help to homeowners to help them avoid foreclosures.  If you are in this situation, time is not on your side.  You need to act now-doing nothing is not the answer!  Decide to take charge of your future and learn how to submit your loan modification application today.

Yes, it can be a confusing and frustrating process-dealing with your lender when trying to get loan modification help is not for the thin skinned or impatient.  But thousands of homeowners have already gotten the loan modification help they needed and you can to.  Here is what you need to know in order to increase your chances for success with your do it yourself loan modification.

1. Know your lender guidelines: Each bank has implemented certain requirements that must be met to qualify for loan modification help.  The Complete Loan Modification Guide will teach you what these guidelines are and how you can meet them to qualify.
2. Learn the loan modification process: There is an application process that you must go through to receive the loan modification help you need.  Once you understand what is involved and how to maneuver your way through your lenders loss mitigation department, you will be able to get the results you need.
3. Obtain the required loan modification forms:  When you apply for loan modification help, you will be completing and submitting some required forms that your lender will review to determine your eligibility.  The Complete Loan Modification Guide provides you with all of these forms so you have them in advance.
4. 4.  Be certain you complete the loan modification application forms properly:  This is so important-even the most deserving homeowner will be declined the help they need if the forms are not completed properly!  You can learn how to complete the loan modification forms so that they will have the best chance of meeting your lenders guidelines by following the step by step instructions found in The Complete Loan Modification Guide.
5. Submit an accurate, complete and professional loan modification application:  Your lender will decide whether you qualify for help based on what they see in your application, so it is imperative to submit your package so that it presents your unique situation in the most beneficial light.  The Complete Loan Modification Guide will take you through the entire process from beginning to end so that you will be able to prepare the most effective loan modification application possible.

Loan modification is not brain surgery-but you do need to understand the process and be able to prepare the paperwork properly to increase your chance for approval.  It is pretty hard to qualify for something until you know the requirements, right?  Well, The Complete Loan Modification Guide gives you easy to understand and simple to follow instructions so that you will have a fighting chance to save your home.  Now is not the time to sit back and let someone else decide your future-commit yourself to saving your families home by learning, preparing and being persistent until you get the loan modification help you need and deserve!

You can get the loan modification help you need by ordering and downloading The Complete Loan Modification Guide. This is a low cost, easy to read handbook that will provide you with everything you need to prepare a professional and acceptable loan modification application. You are provided with all of the necessary forms and given detailed directions on how to complete them properly. The Complete Loan Modification Guide will take you step by step through calculating your debt ratio, completing the financial statements, writing your hardship letter and then putting it all together to submit to your lender. Get started today on the path to secure home ownership, order and download The Complete Loan Modification Guide.

For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com

Since 1 in 10 homeowners are now delinquent on their mortgages, you would think that we are seeing the worst of the mortgage crisis.  Not so!  Another wave of interest rate resets is on the horizon that will result in the default in a projected 8 million additional foreclosures over the next 4 years.  That’s right, we haven’t even begun to see the carnage that will result from the exotic mortgages designed by Wall Street and being paid for in the blood, sweat and tears of the American homeowner.  This news illustrates the urgent and immediate need for loan modification help from the Federal government, lenders and servicers to help keep families in their homes.

Frantic and frustrated, borrowers have been getting the run around from most of the lenders who simply do not have the streamlined loan modification help necessary available yet.  Uninformed, untrained lender employees cannot offer homeowners any type of immediate relief from unaffordable payments.   Time is of the essence when facing foreclosure, but the loan modification process can take anywhere from 60 to 180 days or longer.

How can a borrower increase their chance for quick loan modification help from their bank?  Well, the most important and effective action a needy homeowner can take is to become informed about the loan modification process.  Why is that important?  An informed homeowner will be able to work more effectively with their lender and be able to really demand they type of loan modification help they need and deserve.  A borrower who understands the different types of loan modification programs, knows their rights and is determined and motivated has a much better chance of getting a loan workout to help them stay in their home.

Now is not the time to be passive and let someone else dictate how your home and finances will be handled.  Decide to take control of your life and make the decision to get informed, be prepared and be committed to getting the loan modification help you deserve.  Fortunately, you do not have to try to figure this all out for yourself-you can follow the step by step instructions provided for you in The Complete Loan Modification Guide so you will have the information you need to prepare a professional and acceptable loan modification application to your lender.  Once you understand exactly what your lender needs to see in order to approve your application for loan modification help, you will have a much greater chance of success.

You can get the help you need to understand the  loan modification process by ordering and downloading The Complete Loan Modification Guide. This is a low cost, easy to read handbook that will provide you with everything you need to prepare a professional and acceptable loan modification application. You are provided with all of the necessary forms and given detailed directions on how to complete them properly. The Complete Loan Modification Guide will take you step by step through calculating your debt ratio, completing the financial statements, writing your hardship letter and then putting it all together to submit to your lender. Get started today on the path to secure home ownership, order and download The Complete Loan Modification Guide.

 For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com

After hearing countless stories of struggling homeowners who have paid thousands of dollars to loan modification companies promising to get these vulnerable borrowers a loan workout so they can afford to stay in their home-and seeing no results-we decided to go undercover to find out first hand just what homeowners are up against.  There are hundreds of loan modification companies offering their services, but how do you know which one is going to really work in your best interest?  Well, read about our experience so you will learn what to watch out for!

We posed as homeowners with a financial hardship and unable to afford out current mortgage payment, and an appointment was set to meet in person at a local loan modification company.  The only thing we brought with us was a copy of our current mortgage statement and a checkbook.  The idea was to find out what a borrower might encounter when seeking assistance from one of these companies.

We were met in the lobby by an employee of the loan modification company, and were shown to an office.  There, we spoke briefly about our situation, described how the current payment was not affordable and expressed out need for a fast solution.  We were never asked to show our mortgage statement, pay check stubs, bank statements, or any other type of documentation.  Soon, another man entered the room and was introduced as the manager.  He told us he knew we need help and felt certain they could get us a loan modification.

I asked him if he wanted to look over our mortgage statement to see what needed to be modified, he grabbed it out of my hand, briefly looked it over, then threw it down on his desk.  He then looked us both in the eye and said, “How does $1500 a month sound?  Could you afford that?”  I said, “That sounds great, but how can you get the lender to agree to that?”  He replied, “Simple, we’ll just modify your loan to a 3% interest only for 10 years!”  My partner questioned him, “Are you sure you can do that?” and he said, “We do it all the time.”  My next question was, “How much is this going to cost us?”  He quickly replied, “Just write us a check for $3495 and we’ll get started on it right away.”

Well, I did some quick math and calculated that with the current loan balance on our statement, a 3% interest only payment was over $2200 per month, so I questioned him a little further.  I asked him if he was planning on getting a principal reduction on our loan, but he said, “No, we are not really getting any principal reductions now.”  So, I brought it to his attention that his math was off and a $1500 payment would not be possible with the loan modification he quoted.  He became agitated, did not respond to my questions, and left the room.  The other employee said he had another appointment, but truthfully I think my questions were becoming suspicious.  We were asked again for the $3495, but we declined stating we wanted to think it over some more.

We left the loan modification company in shock at the blatant attempt to coerce payment from us without even the slightest effort to find out if we even qualified for a loan modification!  The fact that we were quoted an actual modified payment, and then assured that they would get that payment for us, was a red flag.  Each lender makes their own determination on how a borrowers loan may be modified, and homeowners need to understand that not everyone will qualify for a loan workout.  A legitimate, ethical loan modification company will review a borrowers income and assets, verify their hardship, and determine if the homeowner is a viable candidate before ever taking any fee for services.

So, before you decide to fork over thousands of dollars to a loan modification company, be smart, take the time to research, learn and be informed about how the loan modification process works.  Once you have a good understanding of your lenders guidelines, how to complete the paperwork properly and know what to expect, you will have the knowledge you need to make wise decisions.  Whether you decide to work directly with your lender, or hire a loan modification company, be informed-an informed homeowner is hard to take advantage of and will have a better chance of success.

You can get the help you need to understand the  loan modification process by ordering and downloading The Complete Loan Modification Guide. This is a low cost, easy to read handbook that will provide you with everything you need to prepare a professional and acceptable loan modification application. You are provided with all of the necessary forms and given detailed directions on how to complete them properly. The Complete Loan Modification Guide will take you step by step through calculating your debt ratio, completing the financial statements, writing your hardship letter and then putting it all together to submit to your lender. This handbook is worth every penny and could save you thousands of dollars.  Get started today on the path to secure home ownership, order and download The Complete Loan Modification Guide.

 For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com

For thousands of frantic homeowners facing unaffordable payments and the possibility of foreclosure, some very tough decisions need to be faced.  A loan modification could be the solution for many borrowers, but just what is the best way to make sure that you have a good chance of getting the help you need and deserve-can you do it yourself?  What about all those loan modification companies advertising they can do a better job for you?  And when is it necessary to hire an attorney to represent you with your lender?  The majority of homeowners are puzzled and frustrated about the loan modification process and as a result are not being as proactive as they need to be to take the necessary steps to save their home.  Here is some information on the loan modification options available so you will be able to decide which is the best one for your particular situation and then you can get started.

Do it yourself loan modification:  No one expects the average homeowner to automatically have the experience and knowledge to be able to understand the loan modification process well enough to be assured of obtaining a good loan modification.  However, it is not brain surgery-with just a little bit of research and the assistance of The Complete Loan Modification Guide, many homeowners will be able to learn the basics so they will be able to prepare a professional and acceptable loan modification application to their bank.  You simply need to understand who qualifies for loan modification help and why, what the lenders guidelines are, then you will be able to complete the loan modification forms properly so that they meet the criteria.  The easy to understand, step by step directions in The Complete Loan Modification Guide will assist you in submitting your loan modification application and possibly save you thousands of dollars.

Pay a loan modification company:  For some homeowners, dealing directly with their bank is just too intimidating.  There are thousands of loan modification companies that have sprung up in the last few months offering to represent the borrower during the loan modification process.  Basically, you complete the loan modification forms and then send them to the loan modification company along with an upfront payment of anywhere from $1500 to $5000.  What do you get for all your hard earned money?  Well ideally you get the representation of an experienced and ethical, duly licensed company that works on your behalf to negotiate the best loan modification you can qualify for.  The problem however is that many of the loan modification companies are not experienced, and many are not properly licensed.  It is up to the homeowner to make sure they check out any company before they pay any upfront fees to verify their experience, licensing and refund policies.  There are some good, qualified loan modification companies with the homeowners best interest at heart, the trick is finding them amid all the rest. 

Hire an attorney:  Some of the loan modification companies advertise that they work with attorneys and so your loan modification application will have a better chance of approval as they have the ability to pursue more complex legal remedies.  However, many of these companies have an attorney “on staff” which usually means that the attorney does not really handle any of the actual loan modification application process, and are only utilized for fee collection purposes.  There are other law firms that specialize in loan modifications and real estate law.  If your case is complex, or you have an uncooperative lender, then this may be the type of firm you need.  An attorney can in fact bring pressure to bear on your lender by filing restraining orders, injunctions and other legal proceedings that halt the collection and foreclosure process.  Most lenders do not want to get involved in costly legal proceedings so they are more likely to negotiate a beneficial loan modification to the homeowner to avoid the expense.  However, be prepared to pay anywhere from $3000 to $10,000 for this type of service.

Whether you decide to do a do it yourself loan modification or hire someone to represent you, it is highly advisable to become informed and knowledgeable about the loan modification process.  It is pretty hard to qualify for something you do not understand the requirements for, right?  Also, how will you know any loan modification company you decide to hire is really doing a good job for you unless you know what to expect?

My Loan Modification Center.com is an advocate for the education and protection of homeowners-get informed so you won’t be taken advantage of again.  The Complete Loan Modification Guide is a low cost source of invaluable information that can save you literally thousands of dollars.  Decide to take control of your financial future by making the commitment to research, learn and prepare before making any decisions affecting your home and credit.  Saving your home is worth your time and effort.

You can get the help you need to understand the loan modification process by ordering and downloading The Complete Loan Modification Guide. This is a low cost, easy to read handbook that will provide you with everything you need to prepare a professional and acceptable loan modification application. You are provided with all of the necessary forms and given detailed directions on how to complete them properly. The Complete Loan Modification Guide will take you step by step through calculating your debt ratio, completing the financial statements, writing your hardship letter and then putting it all together to submit to your lender. Get started today on the path to secure home ownership, order and download The Complete Loan Modification Guide.

For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com

Trying to figure out the best way to get the do it yourself loan modification help you need?  You don’t need to pay thousands of dollars to get your loan modification application submitted to your lender.  If you are stuck in an unaffordable mortgage and running out of options, you need help now.  What you need is a easy to follow, step by step Guide that will take you through the loan modification process so that you will be able to prepare a professional and acceptable loan modfication application package.  You do not have the time to waste to try to figure this out for yourself.

No one expects you to be a loan modification program expert overnight-but what you can do is learn enough about what your lender expects to see in order to approve you loan modification application.  Once you have a good general understanding of your banks guideline for approval of a loan modification agreement, you will have an advantage by being able to prepare the required loan modification forms so that they are acceptable.  The Complete Loan Modification Guide shows you how to meet your lender guidelines and complete the required loan modification forms, including helping you calculate your debt ratio and providing you with assistance with your financial statements.

The Complete Loan Modification Guide provides you with everything you need to prepare an acceptable loan modification application, including:

• The required loan modification forms
• Easy to follow instructions to help you complete the forms properly
• Teaches you how to calculate your debt ratio
• Insider tip about disposable income
• Assistance to write your hardship letter-you follow an easy outline and letter template
• A simple checklist so you can put it all together into a complete loan modification package
• Handy Call & Document log to keep track of your loan modification process
• and everything else you need to prepare a professional loan modification application

Saving your families home is too important to leave to chance-take control of your financial future by deciding to make a commitment to research, learn and then prepare your do it yourself loan modification.  The Complete Loan Modification Guide can save you hours of frustration and stress-everything you need to know has been compiled into one simple and effective loan modification kit.  Order and download The Complete Loan Modification Guide today.  Thousands of homeowners have already gotten the help they need with a loan modification, so can you!

You can get the help you need to understand the loan modification process, find out which programs you qualify for and then get the loan workout you need by ordering and downloading The Complete Loan Modification Guide. This is a low cost, easy to read handbook that will provide you with everything you need to prepare a professional and acceptable loan modification application. You are provided with all of the necessary forms and given detailed directions on how to complete them properly. The Complete Loan Modification Guide will take you step by step through calculating your debt ratio, completing the financial statements, writing your hardship letter and then putting it all together to submit to your lender. Get started today on the path to secure home ownership, order and download The Complete Loan Modification Guide. For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com

For more information about do it yourself loan modification, visit us at:

http://www.myloanmodificationcenter.com

Struggling homeowners needing help with a Countrywide loan modification need to know a few important tips to increase their chance of approval.  Bank of America, owner of Countrywide has implemented a massive loan modification outreach program to their distressed borrowers.  As part of the largest predatory lending settlement in U.S. history, Countrywide has agreed to offer assistance to help their clients avoid foreclosure by modifying existing, unaffordable loans into programs that are affordable and sustainable.

This Countrywide loan modification outreach is funded by $8.4 billion dollars and is anticipated to help approximately 400,000 borrowers who are currently delinquent on their loans.  Some of the options available to eligible borrowers will include:  lower interest rates, waiver of late fees and penalties, longer loan terms and principal forbearance. 

If you are interested in applying for a Countrywide loan modification, make sure you know a few important tips to increase your chances of approval.  Not all borrowers will qualify, so here are some important tips to know before you begin the process:

• Speak with the right department-you may be getting calls from the Collection Department-that is not who you need to be speaking with.  Their job is to get as much money out of you as they can.  Hang up and call the Loss Mitigation Department at 1-800-262-4218.  Make sure that you get the first and last name of the person you are speaking with, their direct line or extension and then write that down on the handy Call Log provided in The Complete Loan Modification Guide.
• Request a Countrwide Loan Modification package be sent to you.  This way you can review it and complete it at your convenience to make sure you complete it properly.  As the counselor to go over the general guidelines for approval, most lenders have implemented a debt ratio criteria they use for qualifying the new loan payment.  This figure generally ranges from 35%-41% as acceptable.  You will need this information later when you complete the financial statements.

Compose a Hardship Letter briefly describing the circumstances that caused your delinquency, what steps have been taken to rectify the situation and your intention to make timely payments from now on.  The Complete Loan Modification Guide can help you write a convincing letter by providing you with a Hardship Letter outline and letter template.

• Figure out a new family budget that eliminates any unnecessary expenses, then determine what an affordable monthly mortgage payment would be.  Now make that your “target” payment and your goal when working towards your Countrywide loan modification.
• Important, be sure to verify that the target payment fits within the lenders guidelines for debt ratio acceptance.  The Complete Loan Modification Guide will show you how to figure your own debt ratio with step by step directions to help make sure you qualify.
• Take your time and carefully complete the required financial statements being sure to list all of your income, expenses and assets.  Remember, the lender will verify this information against your credit report and bank statements-any omissions could result in denial of your Countrywide loan modification.  INSIDER TIP:  homeowners who show large, untapped assets or reserves in a bank account may not be deemed in a hardship situation.
• Pay attention-this is the tricky part-you must complete the financial statements so they clearly demonstrate a financial hardship due to the current mortgage payment, but also show that a new lower loan payment will be affordable and sustainable.  The Complete Loan Modification Guide makes this simple to do by providing you with a Current financial statement and a Proposed financial statement, along with detailed directions to help you complete them properly.  INSIDER TIP:  You will also learn about disposable income requirements
• Now, you can put it all together into a professional and acceptable Countrywide loan modification application package for following the easy submission checklist provided in The Complete Loan Modification Guide.

Homeowners who take the time to research, learn and prepare can increase their chance of success with a Countrywide loan modification to get a low affordable mortgage payment.  It’s not brain surgery, but if you know the general guidelines and what the bank is looking for to approve your loan modification application, you will have a much better outcome, whether you decide to work directly with the bank or hire a loan modification company, a knowledgeable homeowner is a powerful homeowner.  Decide to take control of your financial future by learning, preparing and then making wise decisions to save your family home.

You can get the help you need to understand the Countrywide loan modification process by ordering and downloading The Complete Loan Modification Guide. This is a low cost, easy to read handbook that will provide you with everything you need to prepare a professional and acceptable loan modification application. You are provided with all of the necessary forms and given detailed directions on how to complete them properly. The Complete Loan Modification Guide will take you step by step through calculating your debt ratio, completing the financial statements, writing your hardship letter and then putting it all together to submit to your lender. Get started today on the path to secure home ownership, order and download The Complete Loan Modification Guide.

For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com