Exact Requirements

Do you really understand how to complete a loan modification application so that you have the best shot at actually getting approved?  There are several important things to keep in mind before you submit your application form-remember that the information you provide your lender will be used to determine if you are  an eligible candidate for a lower mortgage payment.  This is not the time to “guess” at what needs to done-you need some real answers so that you do not make a costly mistake.

The loan modification application form is called the RMA-Request for Modification and Affidavit.  This is a three page form that details your specific mortgage information and current financial situation.  Your application information will be used to determine if you pass the bank’s guidelines-of course it helps to know what those guidelines are ahead of time.  You may need to make some adjustments to your monthly budget to fit the program, and if you can do this ahead of time then when your lender reviews your paperwork, you will have the confidence of knowing that you fit right into the program requirements.

Here are some basics to know about guidelines and how to complete your application so that you pass the underwriting for approval:

1. The basic eligibility requirements for most plans are that you live in the home, are facing a financial hardship, your loan amount is less than $729,750 and that your current mortgage payment exceeds 31% of your gross household monthly income.
   
2. Next, your current mortgage terms must be able to be modified using standard methods-reduce the interest rate, extend the loan term, or in some case forgive principal balances in order to reach the new target payment that will equal 31% of your gross income.  This is called the Waterfall Method of Modification.
   

   Exact Requirements

3. In order to pass the Waterfall, your income cannot be too high or too low-otherwise the bank will not be able to reach the target payment for your loan.  Understanding just how much income is required is tricky-this is a mathematical formula that most borrowers simply do not understand.  You can use a program designed just for homeowners that will automatically compute your specific income requirements, the loan modification calculator is an easy to use system that will help you determine what amount of income will be required.
   
4. The loan modification guidelines for your monthly household expenses is also important-how much you show on the application for your monthly bills and living expenses can make or break your deal.  You must show the bank that you cannot afford the current mortgage but that if given a loan mod you will be able to pay and maintain the new payment.  Double check your expenses by running them through the loan modification calculator-you will see instantly if you need to make any adjustments to your figures so that you can pass the guidelines.
5. Assets, such as bank balances will also be reviewed for acceptability.  This is part of the imminent risk of default category-make sure you pass by verifying on the loan mod calculator before you submit.

Success

What you don’t know about your bank’s loan modification guidelines could hurt you-it is critical to understand just what you need to show them in order to pass the underwriting for approval.  Make certain that you complete your application correctly-learn your own specific income, expenses and asset requirements before you submit your paperwork so that you can make the necessary adjustments ahead of time.

Get the REAL answers you need to prepare your application correctly-use the #1 resource for homeowners, The Complete Loan Modification

Calculator Incl-Download immediately!

Guide kit and loan mod calculator is designed specifically to help you understand the guidelines and put together you monthly budget correctly.  Avoid mistakes-know just what your bank needs to see from you.  Visit MyLoanModificationCenter.com today and get started immediately.

How to Apply correctly

Find out how to do a loan modification the right way so that you have the very best chance of getting approved.  Just because you are facing a tough financial hardship does not mean that your lender will be ready to help you.  In fact, the only way you will be considered for a loan mod and a lower mortgage payment is to prove in black and white that you fit right into the program guidelines for acceptance.  Loan workouts are offered to those homeowners who fit into a standard mathematical formula-knowing and using this formula on your application is the secret to approval.

How to do a loan modification on your own and actually get approved is a confusing and frustrating process when you don’t understand just what your lender is looking to see on your application form.  Most borrowers are turned down simply because they completed the forms incorrectly.  Remember that based on the information you provide to your mortgage lender – financial information such as monthly income, monthly expenses, current bank balances, etc. – will all be used by the bank to determine if you fit the approval guidelines.  That is why it is so critical to prepare your loan mod application form correctly.

Loan Modification Application Form Guide

Sample Monthly Budget-Follow It

You can learn how to do a loan modification yourself, in fact when you spend just a couple of hours learning the basics and with the help of the loan modification calculator, you can prepare your application so that it proves you fit right into the loan mod program criteria.  Remember, this is a mathematical formula, so the calculator is an important tool that will automatically calculate important approval triggers like:

1. Debt to income ratio
2. Loan to Value Ratio
3. Asset Ratio
4. Disposable Income
5. New modified target payment
6. New loan terms-interest rate, principal reduction

Inside Formula

All of these are loan modification approval triggers that you must pass-and it can be almost impossible to figure it all out by yourself.  However you can avoid mistakes and get it done the right way with the help of the loan modification calculator and follow the step by step directions to fill out your application form.   Don’t just guess at what you need to do – learn how to do a loan modification by using a resource guide for homeowners so you can have the best chance of approval.

Confused about how to do a loan modification and need help?  Use the #1 resource for homeowners, The Complete Loan Modification Guide kit and loan modification software calculator.  This best selling program provides an

Download immediately!

easy to use system that mimics the approval formula used by lenders, and the calculator automatically figures a sample monthly budget that you can follow to pass the guidelines.  Visit MyLoanModificationCenter.com for more information today.

What Now?

If your HAMP loan modification has been turned down and you have been told you do not qualify for HAMP, is that the end of the road or is there something else that you can do to try to avoid foreclosure?  First of all, keep in mind that most homeowners are denied for HAMP because they did not understand how to prepare their application correctly and did not know just what was required in order to qualify.  There is actually a standard mathematical equation that is used to determine who will qualify – this  formula includes your gross monthly income, your monthly expenses, bank balances, current mortgage balance and payment.

There are several options that you can pursue if you have been turned down for a HAMP workout.  Don’t give up – here are some other options to save your home:

1. Re-apply for HAMP with an updated financial statement that proves you fit right into the program guidelines.  You are allowed to apply
   

   Sample Budget-Automatically!

   again as long as your information has changed since your last application was reviewed.  This is your chance to really work on your budget ahead of time, fine tune your figures and make sure that your income, expenses and bank balances all fit right into the guidelines for approval.  You can use a sample monthly budget to help you with this.

2. Request that you be considered for one of the lender’s in-house loan modification plans.  Every lender has their own workout programs that have different guidelines and requirements from HAMP.  Usually these plans allow for more flexibility in new loan terms, and may offer interest only plans or short term forbearance options. You still need to make certain that your monthly budget is accurate and acceptable before you re-submit for this program.
3. HAMP Alternative Loan Modification Plan:  this program is designed specifically for those borrowers who have been turned down for HAMP because they could not meet the income requirements, however the loan must be owned by Fannie Mae in order to apply.  This program has more lenient income documentation requirements and has a different debt ratio formula.  You may also have 20% or more equity in your home and still be eligible.  It is important to know what your debt ratio is and that your monthly budget is passing the other standard criteria.
4. Keep Your Home California: This is a program launched by California to aid at risk homeowners and is funded with $2 billion in stimulus money.  It offers several different options, including cash incentives to help you get caught up on delinquent mortgage payments, income subsidies of up to $3000 per month for unemployed or underemployed homeowners, principle reductions and cash to help with moving expenses if you need to leave your home.  The maximum benefit is $50,000 per household.  Visit keepyourhomecalifornia.org for more information.

Apply Correctly

The most important thing a homeowner who has been turned down for a HAMP loan modification can do is to continue pursuing other options and don’t give up until every possible loan workout program has been explored.  The key to success with any loan mod application is to prepare the application correctly so that it proves in black and white that you fit right into the approval guidelines.  Banks do not arbitrarily decide to offer you a loan modification – you must fit the program parameters or you will not qualify.

Learn how to prepare your HAMP loan modification forms correctly before you submit your application for review.  You can use a sample monthly budget to help you determine just where to fine tune your figures and shows your debt ratio, asset ratio, new target payment and new modified loan rate and terms.  The #1 resource for homeowners, The Complete Loan

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Modification Guide Kit and Loan Modification software calculator will provide you with step by step directions and a sample monthly budget to follow.  Thousands of homeowners have successfully modified their loans, get prepared and informed so that you can be successful too! Visit MyLoanModificationCenter.com for more information.

Verify All Terms

If you are one of the lucky homeowners who finally get approved for a loan modification, how do you know the terms your lender is offering you are the best you can get and if you should accept their offer?  What if there is some strange clause that you do not understand or the payment offered is not what you were told?  Here are some tips to help you decide whether you should accept the loan mod agreement terms or not.

The first thing to look for on your loan modification paperwork is to verify that it is the HAMP program.  This is the most beneficial workout available because it has standard terms and protections for homeowners.  This plan provides a low fixed monthly payment for five years, at an interest rate as low as 2%.  Beginning in year six, the rate will increase 1% per year until it reaches the cap rate, which is about 5% and then it will stay there for the life of the loan.

Don't Sign Before You Verify

Does your loan modification agreement terms include principal and interest in your payment?  This is important because you want to begin reducing the loan balance, not just paying interest only.  HAMP loan mods will always be fully amortized, but some of the in house plans will provide an interest only type payment, which while low is not a good long term solution.  Eventually that type of payment will increase substantially and then you could find yourself back in trouble again.

Verify that your loan modification agreement terms also include your taxes and insurance payments.  This is called an escrow or impound account and each time you make your monthly payment a portion of the amount paid will go towards your annual property tax bill and homeowners insurance.  HAMP mandates that impounds are included, but other loan mod programs do not.  Make sure you understand exactly what your new payment actually includes.

Federal Plan

Has the loan term been changed?  It is possible that your term may be extended to 40 years under HAMP, but other loan mod plans may slip in a balloon payment clause that could spell trouble down the line.  If some of the principal balance has been reduced, verify if it was actually forgiven or just deferred-meaning you will have to pay it back later on.  This can be a critical factor in whether you accept the loan modification agreement terms or not so carefully review all of the terms before you sign it.

Do you need help figuring out what the very best loan modification agreement terms you may qualify for?  You can use the #1 resource for homeowners, The Complete Loan Modification Guide kit and Loan

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Sample Budget-Automatically!

Modification Software program.  This easy to use program will automatically display your debt ratio, display the lowest modification terms you qualify for and show you just how to prepare your budget for submission.  Don’t guess at how to qualify, visit MyLoanModificationCenter.com for more information and get started today.

Apply Correctly

Before you complete the financial sheet for loan modification approval, make sure you understand just what key items you need to include on the list.  Keep in mind that the information you provide to your lender on this form will be used to determine if you qualify for a loan mod or not, so it is critical to complete this form correctly.  Here are the key items you need to list for review.

Financial Sheet for Loan Modification:

1. Gross Household Monthly Income:  this can be a combination of the borrowers income and any other residents who are contributing to the monthly bills.  Just be sure that you can prove any income you indicate here.
2. Rental Income:  if you own additional properties then indicate here what the net monthly cash flow is – this means that if you are experiencing a negative each month then that has to be indicated as well.  You can use a helpful Investment-Rental Property Schedule form that is included in The Complete Loan Modification Guide Kit to itemize this information
3. Utilities:  Include all of your monthly and quarterly bills, such as electricity, water, trash.  Combine the total amount spent on TV/internet/phone/cable and break out any cell phone charges separately.
4. House Payments:  Indicate just the amount for the actual payment – if you have two mortgages then show those separately
5. Property taxes, homeowners insurance and HOA Dues:  even is some of this is included in your monthly mortgage payment you need to break them out and list them separately
6. Car Payments:  if you have more than one car payment show them all.  If a payment is showing on your credit report but someone else is actually paying it (maybe a child) be prepared to prove that you do not make the payment or it will count against you.
7. Credit Cards:  only list the minimum payment due for the accounts – your can total them all together and list as one total amount.  Even if you regularly make higher payments you still only show the minimum due per your statements
8. Installment debts:  if you have any other type of bills that you pay monthly like personal loans, student loans, then list that amount here
9. Groceries:  list the average amount you spend each month for groceries.  The national average is $525, but if you have a large family or special dietary needs then yours may be higher
10. Child Care:  if you pay for day care then show that here
11. Automobile Expense:  gasoline, toll roads, parking, train, etc should all be listed in this category
12. Insurance:  health insurance not paid by your employer or not taken out of your check, life insurance, auto or any other type of insurance
13. Misc. Spending:  lunches, clothing, prescriptions, etc can be listed here
14. Bank Balances:  show the current balances for your checking, savings, stocks, CD’s, any liquid assets must be shown.  Do not indicate your retirement accounts as those are protected assets.

Know the Guidelines

It is important not to leave anything out that impacts your monthly budget when preparing for loan modification approval with the financial sheet itemization.  However, it is also prudent to eliminate some expenses that may be seen as frivolous to your lender.  Club memberships, expensive clothing, Starbucks, dinners out, hair or nail expenses probably are best left off this itemization.  You may need to really cut your expenses in order to qualify for a loan modification, so be prepared to cut back on any really unnecessary items in order to have the best chance of success.

Need help applying and qualifying for a loan modification?  Not sure how much monthly income, monthly expenses and bank balances you should have in order to qualify?  You can get help with the #1 resource for homeowners, The Complete Loan Modification Guide Kit and Loan

Download immediately!

Modification Software Program.  You will receive a step by step handbook, all the required forms and the unique loan mod software program that actually does all the calculations for you automatically.  Simple to use, this program will show you immediately where you may need to fine tune your income, expenses and bank balances in order to pass the approval triggers.  Visit MyLoanModificationCenter.com for more

Uses Approval Formula!

information on how to apply and qualify for your loan mod.

A loan modification will affect your credit report-but just how much is really dependent on different factors.  Some homeowners are already many months behind on their mortgage payment and so they have already experienced a lower score.  Other homeowners are not yet late, but will become late if they do not receive some help.  So just how much will a loan modification affect your credit score?

Most homeowners are applying for the government loan modification plan called HAMP.  This program mandates a three month trial modification prior to making the mod permanent.  During these three months, you are required to make the new lower mortgage payment to prove that you can really afford to pay and maintain the modified payment.  However, since the modification is not yet permanent you are technically paying less than your mortgage note says.  This results in late payments being reported to the credit bureaus, even though you are paying as your lender has requested you to do.

Once your loan modification is made permanent, then your credit report will revert back to a paid as agreed status – just be sure to pay all the payments on time from now on.  In the big picture, your credit report will rebound from any late mortgage payment ratings in a relatively short period of time.  And the final result will be that you can now afford your mortgage payments again and you can stay in your home.  It seems to be a fairly good trade off.

How a loan modification affects your credit report will depend on many factors, including how you are paying your other debts too.  Even though your score may go down temporarily, if you get back on track and make payments to your creditors on time you will see your score rebound.  Worrying about your credit report should not deter you from applying for a loan modification – the reward is much greater than the risk when your home is on the line.

Easy to Use-Avoid Mistakes!

Confused about how to apply and qualify for a loan modification?  You can use the #1 resource for homeowners for help – The Complete Loan Modification Guide Kit and Loan Modification Software Program.  You will receive everything you need to complete your own acceptable loan mod application, including the exclusive Loan Mod Quick APP software that will show you how much monthly income

Download immediately!

and monthly expenses you need in order to pass the standard approval guidelines.   Thousands of homeowners have used these materials and been helped – you can too.

The worst news a struggling homeowner can get is that their loan modification application failed. After perhaps months of talking to your lender, when you are told that you do not qualify for a lower mortgage payment it may seem like all hope is lost. But it is really not – many borrowers do not know that they can re-apply and have their application reviewed again but only under certain circumstances. When you give up after you mortgage lender tells you that you do not qualify, you are missing out on an opportunity to get a second chance at keeping your home. Here is how you can get your lender to review your loan modification application again, and most importantly how you can get it approved this time around.

Out of the millions of deserving homeowners, only a small percentage of them will be approved for a loan modification. The main reason for these low completion rates? Simply because the majority of borrowers do not really know or understand just what it takes to qualify for a loan workout. That’s easy to understand as most people do not have any previous experience with this type of thing, but when your home is on the line, it makes sense to learn as much as you can before you contact your bank and ask for a loan workout. When you know the basics of the loan mod process and are able to prepare and submit an application that proves you fit right into the approval guidelines, you are giving yourself the absolutely best chance of success.

Re-Apply Correctly

So, what if you have already sent in all of your loan modification application paperwork and been told that you do not qualify? What can you do now? First of all, do not give up! Yes it is frustrating and stressful, but now is the time to buckle down and do whatever it takes to win this fight with your lender. The fact is that as long as you do not give up, you have a chance. But, in order for your lender to open your file and again and review your situation a second time, you must present updated and different information to them. It will not work if you just submit the same financial information as before. Let’s face it, our monthly budgets are changing every month as we struggle to make ends meet. It is perfectly acceptable to adjust our finances in order to qualify for a loan modification. The trick is knowing where and how we need to adjust things in order to meet the approval guidelines.

Your loan modification application needs to prove in black and white that you are a good candidate and this is done by preparing your financial statement correctly. If your loan modification failed, it is probably because you did not submit your information so that it proved you fit into the criteria for approval. This is a simple mathematical equation that was set up by the Treasury Department and this formula is used by over 90% of all lenders and servicers to determine which borrowers they will offer a loan workout to. You can use this very same formula when you prepare your own financial statement and loan modification application so that you are confident that you fit right into the program.

Easy to Use-Avoid Mistakes!

This may seem like a lot of work and too complicated, but the good news is that you can use a loan mod software program designed specifically to help homeowners apply because it actually mimics that very same formula. When you input your monthly income, monthly expenses and other specific information, the results will show you immediately if you are passing or failing. And most importantly, you will be able to see exactly where you need to make minor adjustments to your budget to pass all the triggers. Then you can fine tune your monthly budget, and submit your paperwork knowing that you have a very good chance the second time around at getting your loan modification approved.

Been turned down and not sure how to qualify for a loan modification?  Loan Mod Quick App software takes the confusion out of preparing your application.  This helpful tool takes the guesswork out of qualifying by figuring your debt ratio, target payment and other important calculations for you.  Why take chances with your application?  Simply input your unique financial information into the Loan Mod Quick App and it calculates it all for you!  You can save hours of time and avoid costly mistakes.  The Complete Loan Modification Guide kit is the best selling do-it-yourself system that includes the software, handbook, forms and much more.

Susan Gregory is the author of two resource books for homeowners and real estate professionals, the best selling The Complete Loan Modification Guide Kit & Software and The Stimulus Book-HAMP & HAFA Edition.  She also teaches workshop training classes for the federal programs to help real estate professionals assist homeowners with home retention and exit strategies.

Download immediately!

The Complete Loan Modification Guide kit provides a valuable resource for borrowers that includes a step by step handbook, required forms, and a loan modification software program that mimics the federal approval triggers for loan modification.  An advocate for homeowners, Susan also offers free 30 day email support for all of her clients who purchase her publications.  Thousands of homeowners have been helped using these materials.  Visit http://www.myloanmodficationcenter.com for more information.

Know the Guidelines

Confused about how to list your income and expenses on the loan modification application?  It is very important to understand just what you should put on the form if you want to pass the guidelines for approval.  If you put too little or too much you could miss the mark and get declined for your loan workout.

So, how does the guideline for income and expenses work?  There is actually a standard mathematical equation that is used by banks to determine if a homeowner qualifies or not.  Based on the monthly income, the monthly expenses, and a couple of other figures on the loan modification application a calculation is done and if the results show that homeowner is eligible, then they will be offered a loan modification.

The mathematical equation used for income and expenses on the loan modification approval can be confusing for homeowners because most of the time they do not know how to figure it all out.  Since this formula is standard and published by the Treasury Department, it is a very reliable way to know if your specific situation is fitting into the guidelines.  There is an even easier way to learn how to list your income and expenses by using a loan modification software program designed specifically for borrowers.

Easy to Use-Avoid Mistakes!

The loan mod software program mimics the guidelines for income and expenses, and so when you put in our own specific information you will see immediately if you are passing or not.  Then you can adjust your figures until you fit right into the guidelines.  Maybe you need a little more monthly income or a little less in expenses – but unless you know this ahead of time you will not be able to fine tune your figures when you fill out your application.

Not sure how to qualify for a loan modification?  Loan Mod Quick App software takes the confusion out of preparing your application.  This helpful tool takes the guesswork out of qualifying by figuring your debt ratio, target payment and other important calculations for you.  Why take chances with your application?  Simply input your unique financial information into the Loan Mod Quick App and it calculates it all for you!  You can save hours of time and avoid costly mistakes.  The Complete Loan Modification Guide kit is the best selling do-it-yourself system that includes the software, handbook, forms and much more.

Download immediately!

Susan Gregory is the author of two resource books for homeowners and real estate professionals, the best selling The Complete Loan Modification Guide Kit & Software and The Stimulus Book-HAMP & HAFA Edition.  She also teaches workshop training classes for the federal programs to help real estate professionals assist homeowners with home retention and exit strategies.  The Complete Loan Modification Guide kit provides a valuable resource for borrowers that includes a step by step handbook, required forms, and a loan modification software program that mimics the federal approval triggers for loan modification.  An advocate for homeowners, Susan also offers free 30 day email support for all of her clients who purchase her publications.  Thousands of homeowners have been helped using these materials.  Visit http://www.myloanmodficationcenter.com for more information.

HELP!

Loan modification complaints have hit the roof as more homeowners struggle to get some kind of help from their mortgage lenders.  Why does it have to be so frustrating, confusing and so difficult to get lenders to help homeowners?  The banks are posting record profits – billions of dollars last year while the average Joe is struggling to make the mortgage and put food on the table.  What’s wrong with this picture?

Homeowners are starting to rebel against the banks abusive tactics and some have even begun class action lawsuits as an attempt to get their lenders attention.  In fact, the major lenders have been under scrutiny by the authorities for not following proper procedures on foreclosures, and this has helped some borrowers stop the sale of their home.  Loan modification complaints are so numerous that obviously it is not just an isolated incidence, but a widespread problem that is ongoing.  What can a homeowner do to get some help with their unaffordable mortgage?

Know the Guidelines

The only way to get your lenders cooperation is to make it easy for them to review your information, and to prove in black and white that you fit right into the loan modification approval formula.  If your application is not complete, or if you do not prepare your financial statement correctly they will turn you down.  They have millions of homeowners asking for help, so unless you take the time to know exactly how to prepare your application, then submit it correctly, in all likelihood your paperwork will just sit there or be turned down outright.

Don’ expect your bank to be of much help to you when you apply for a loan modification.  This is something that each homeowner needs to take responsibility for and take the time to learn exactly what they need to do in order to qualify.  If you don’t know how to prepare your paperwork correctly then chances are you will not do it right, and then you stand a good chance of being denied.  The sad truth is that many qualified and deserving homeowners are turned down simply because they did not know how to complete their application paperwork.  You may not be able to win a fight against your big bank lender, but you can beat them at their own game by knowing the rules – and this means completing your application so that it proves you fit right into the approval guidelines.

Not sure how to qualify for a loan modification?  Loan Mod Quick App software takes the confusion out of preparing your application.  This helpful tool takes the guesswork out of qualifying by figuring your debt ratio, target payment and other important calculations for you.  Why take chances with your application?  Simply input your unique financial information into the

Easy to Use-Avoid Mistakes!

Loan Mod Quick App and it calculates it all for you!  You can save hours of time and avoid costly mistakes.  The Complete Loan Modification Guide kit is the best selling do-it-yourself system that includes the software, handbook, forms and much more.

Susan Gregory is the author of two resource books for homeowners and real estate professionals, the best selling The Complete Loan Modification Guide Kit & Software and The Stimulus Book-HAMP & HAFA Edition.  She also teaches workshop training classes for the federal programs to help real estate professionals assist homeowners with home retention and exit strategies.

Download immediately!

The Complete Loan Modification Guide kit provides a valuable resource for borrowers that includes a step by step handbook, required forms, and a loan modification software program that mimics the federal approval triggers for loan modification.  An advocate for homeowners, Susan also offers free 30 day email support for all of her clients who purchase her publications.  Thousands of homeowners have been helped using these materials.  Visit http://www.myloanmodficationcenter.com for more information.

What does it mean when your loan modification is turned down because of NPV?  This is one of the reasons that your lender may decide not to offer you a loan workout-but understanding what this means could help you to fight back and have a second chance at approval.  There is one thing that is most important to your bank-once you figure that out you will be able to fight fire with fire and have a good chance of getting some cooperation.

So, what the heck is NPV?  This is the very first step lenders use to determine if a homeowner should be offered a loan modification-in fact the federal government mandates that this be the first guideline used when determining which borrowers qualify for HAMP.  NPV stands for Net Price Value and is a mathematical equation that tells the bank if it will be less costly for them to foreclose on your loan or to modify your mortgage and keep you in the home paying reduced monthly payments.

Know the Guidelines

Remember, banks are money making enterprises-they don’t really care at all about individuals and even the most deserving borrower will find themselves out on their behinds if it is cheaper for the bank to foreclose.  The trick is to prove to the bank that it is more cost effective for them to modify your loan than to foreclose.  Most of the time, borrowers spend a lot of time crying and trying to justify why they deserve a loan modification-but what they should really be spending their time and effort on is the mathematical equation of the whole process.  This is really what their lender cares about-what costs the least amount of money for the bank.

NPV mainly has to do with the current market value of your home and if you have any equity left.  Logically, if the bank can foreclose on you, sell your home and lose less money, that is what they will always do.  The problem is that the bank may be using an inaccurate value for your home in their system.

TIP:  One way to fight back is to find out what value they have in their system, make certain it is not too high, and if necessary provide them with your own documentation.  Learn how to document this and learn more tips on how to fight back and win with your lender in the #1 selling resource, The Complete Loan Modification Guide kit and Software Program.  It is critical to be informed and confident so that you can have the best chance of getting the loan workout you deserve.

Susan Gregory is the author of two resource books for homeowners and real estate professionals, the best selling The Complete Loan Modification Guide Kit and The Stimulus Book-HAMP & HAFA Edition.  She also teaches workshop training classes for the federal programs to help real estate professionals assist homeowners with home retention and exit strategies.

Download immediately!

The Complete Loan Modification Guide kit provides a valuable resource for borrowers that includes a step by step handbook, required forms, and a loan modification software program that mimics the federal approval triggers for loan modification.  An advocate for homeowners, Susan also offers free 30 day email support for all of her clients who purchase her publications.  Thousands of homeowners have been helped using these materials.  Visit http://www.myloanmodficationcenter.com for more information.