Know the Guidelines

What are the requirements in order to be approved for a loan modification?  This is critical information for homeowners to know and understand-otherwise how can you expect to have a good chance of receiving an approval on your loan workout application?  The sad fact is that the majority of borrowers facing a financial hardship run the risk of losing their home simply because they do not really know how to prepare and submit their loan modification application correctly.

Think about it-if you don’t know what your lender is looking for on your loan mod application, it is next to impossible to make certain that you are presenting them with what they need to see.  Since the approval guidelines are actually standard and even published, why not use this information to complete your paperwork so that you know you have the best chance of fitting into a program that features a lower mortgage payment?  Basically, you can use step-by-step directions so that you will be confident your financial statement, hardship letter and application package are acceptable.

Know the Formula!

The loan modification approval guidelines are really based on a simple mathematical equation.  This involves some phrases and calculations that may seem confusing to homeowners with no experience in this field-however with the help of an easy to use software program and spending just a couple of hours, most homeowners can prepare their own loan mod application so that they know exactly what their lender is going to want to see-and then show that to them on the application.

When fine tuning your budget, it is critical to check your debt ratio, loan to value, asset ratio, new target payment, and other approval guidelines.  This is where the Loan Mod Software program can come in – it does all those calculations for you automatically and you see immediately where you may need to make some adjustments to your figures in order to fit right in.  Is your debt ratio too high?  The loan mod software program will display this and let you see where to make adjustments.  Are you failing the asset ratio?  Again, look at the results on the software program and do some fine tuning before your lender has the chance to turn you down.

A loan modification is the answer to help you stay in your home, and this is one of those situations where what you don’t know can hurt you.  Knowledge, preparation and persistence will provide the best chance for approval-so don’t take chances-do it right the first time.

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.

Prepare your application correctly!

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 Formula!

Confused about your debt ratio and whether you are qualified for a loan modification?  Don’t feel bad-most homeowners do not really understand this calculation and are not sure how to figure out if their own debt ratio is acceptable for a loan modification.  However, this is one of the most critical approval criteria when applying for a lower mortgage payment, so it makes sense to learn how to figure yours, what is acceptable and then use this information to prepare you application

What is debt ratio anyway and why is it used to determine who will qualify for a loan modification?  Basically, this is a mathematical calculation that uses a percentage to demonstrate if your housing expenses is affordable or if you are in a financial hardship situation.  This calculation helps the banks determine if a loan workout would be beneficial and if and when a borrower should be considered for a loan modification.

All lenders, servicers and even the federal plans have guidelines for debt ratio.  Based on the financial statement provided by the homeowners, the debt ratio will be calculated and if the result does not fit the approval guidelines, the application could be turned down immediately.  Most loan mod programs require that the current mortgage payments-including the taxes, insurance and any HOA dues exceed 31 to38% of the household gross monthly income.

The debt ratio calculation is also used to determine what the new, modified mortgage payment will be.  The goal is to modify the existing loan so that the new payment equals an affordable percentage of the monthly income, that way the borrower will not be likely to fall behind again.  If your debt ratio is too low, you may not be deemed to be in a real financial hardship situation.  A high debt ratio means that your current payment is not affordable, and you could be eligible for a loan modification.

Know the Guidelines

This may all sound like Greek to you, and especially if you are having a hard time trying to figure out exactly what your lender needs to see from you in order to approve your loan mod application.  There is an easier and less stressful way to prepare your application, thousands of borrowers have used a loan mod software program that actually does all the important calculations for you.  Your debt ratio, new target payment, new modification terms, are all figured automatically and immediately for you.  Most importantly you will see if you are passing the approval guidelines or need to make some adjustments to your monthly budget.   Then use this fine tuned information to prepare your final application-and be confident that you have a good chance of approval!

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.

Prepare your application correctly!

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.

Oh no!  Don’t tell my my loan modification paperwork has been lost again!  Why is it that your lender keeps asking for paperwork, you keep sending it in, and they keep losing it?  What the heck is going on and why can’t this process be simpler?  Really, it’s enough to make most homeowners give up on the entire thing-wait-maybe that’s the whole idea!  Why would your bank want to sabotage your loan modification and how can you win this battle?

A quick look at the stats will confirm what most homeowners can confirm-getting approved for a loan modification is a long shot.  Only 25% of applicants are approved for a permanent loan workout, so that leaves the vast majority of borrowers facing foreclosure or short sale.  Why is this happening and how can the banks be so unorganized that they cannot even keep track of paperwork that is submitted?

Here’s a peek of what goes on behind the scenes at some of the nation’s largest mortgage lenders.  Everyday thousands and thousands of pieces of paper are received-either by mail or by fax.  Each employee is handling hundreds of files and they are simply overwhelmed with paperwork.  When something comes in without a loan number on it, it gets thrown away or shredded.  When a file is received with missing documents, it is shredded.  If a homeowner does not respond to a request for paperwork, the file is closed and shredded.  Only the complete, accurate and acceptable loan modification files are worked on-and this means that the homeowner has to be certain to prepare everything perfectly.

It simply is not enough to slap together your loan modification paperwork, send it in and expect your lender to approve it.  That is not how it works.  First of all, the bank is under no obligation to help you at all!  You have to show them why they should offer you a loan workout and how it will be beneficial for everyone.  This is done by preparing your financial statement correctly-so that it proves in black and white that you fit into the standard approval guidelines and so that it clearly demonstrates a loan modification will be the solution for you to stay in your home and make affordable payments.

Know the Guidelines

Once you realize that it is really your responsibility to submit your paperwork correctly, you will be able to work the system and have a good chance at success.  Hoping you will get help is not enough-you need to take action, learn and prepare so that you understand exactly what you need to submit.  You can be one of the ones who actually get a loan modification if you apply correctly-don’t take chances – do it right the first time.

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.

Prepare your application correctly!

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.

How long should it take to get an answer on your loan modification application once you send in all of your paperwork? While the response times will vary between different lenders, ideally it should take no longer than 60 days to receive your loan workout.  Nothing is worse than feeling like you are in limbo and unsure of what is going on-especially when you are worried about losing your home.  It is extremely stressful to not know if you have to get ready to move or if you might have a chance at getting a modified loan payment.

How long should you wait after you send in your loan modification application before you start following up?  This is a critical part of getting a quick response-you must take responsibility for moving your paperwork along and do not rely on your bank to push it through.  First of all, they are buried in paperwork from millions of homeowners just like you-all wanting help.  Each bank employee may have upwards of 250 files they are responsible for at any given time!  Which of those files do you suppose will stay at the top of the stack?  The ones where the borrower has called in and keeps calling in to follow up!

A good idea to keep organized and stay on top of your loan modification application as it moves through the system is to use a written Contact Log.  This is where you document each and every piece of correspondence sent or received, each phone call and fax made or received.  Write the date, time and who you spoke with along with their direct contact number.  This not only provides some structure to your efforts, but also builds your case should you need documentation.

In a perfect world, a loan modification application should take 30 days from the time a complete package is received by the bank for the borrower to get a response.  This does not happen very often, but many times it is actually the homeowner who is to blame.  Most loan mod submission are incomplete are prepared incorrectly.  Again, with 250 files to work on, the bank will of course respond most quickly to those that are ready for completion.  The applications that are missing items are set aside to be worked on at some later date.

There is a way that borrowers can get a quicker response on their loan modification application.  Understanding exactly what the bank needs to see and then providing the perfect package will ensure that it will be worked on quickly and an answer provided much faster.  How can the average borrower know how to submit the perfect loan mod package?  It’s not that difficult if you follow just a few guidelines.

The loan modification application is only 3 pages long, and the financial information on the second page is the most important thing to get right.  You may want to take advantage of a software program available to homeowners that will help to make certain your figures are accurate and acceptable.  The debt ratio, expenses, asset ratio and other critical factors are all calculated for you immediately.  Then use this information on your form to make certain that you meet the approval guidelines.

Prepare your application correctly!

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.  The Complete Loan Modification Guide kit provides a valuable resource for borrowers that includes a step by step handbook, required forms, and a 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.

Homeowners facing mortgage payment difficulties have to learn about the loan modification process and what options are available to them.  Most banks are willing to work with homeowners who are facing a financial hardship situation to help them avoid foreclosure.  However, keep in mind that you must be able to prove to your lender that you meet the approval criteria for a loan workout.  There are standard guidelines and requirements for each program.  You can learn the guidelines and prepare your application correctly with the help of resource materials.  Learn the loan modification process and increase your chances of getting the help you need.

Most homeowners are looking for a loan modification that features a low payment so they can afford to stay in their home.  However, in order to qualify for this option you must submit an application that includes a financial statement.  The loan modification process can be confusing and frustrating-after all you are asking your bank to lose money-something they do not want to do.  So, you must convince them that it is in everyone’s best interest to keep you in your home making payments-even if those payments are reduced.

Your financial statement details your household monthly income and monthly expenses.  When you prepare

Know the 3 critical elements of a hardship letter

your forms, you need to understand the basic formula that banks use to qualify you.  This involves figuring your debt ratio, target payment, disposable income and several other factors.  If this is confusing to you, take advantage of a software program designed just for homeowners that actually mimics the formula banks use.  Simply input your own income and expenses, and all the critical calculations are done automatically for you.  You will see immediately if you need to make any adjustments to your figures in order to qualify.

There are options and solutions for troubled homeowners available-you just need to know how to apply and qualify.  Don’t wait to begin-spend a couple of hours preparing and then contact your bank to begin the loan modification process.

Get the help you need to prepare your own accurate and acceptable loan modification application. The

Download immediately!

Complete Loan Modification Guide kit is the best selling do-it-yourself system that takes the guess work out of preparing your financial statement, hardship letter and all of the required forms your lender needs. You get an easy to use software program-Loan Mod Quick App-as well as an easy to understand handbook with step by step directions. 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! It couldn’t be easier-end the frustration-Visit myloanmodificationcenter.com and order today.

Homeowners across the country are struggling with unaffordable mortgages and declining home values.  How can you stay in your home?  How does a 2% interest sound? Pretty good, huh? A mortgage rate modification is one of the options offered by the federal loan workout plan now being offered to qualified homeowners. If you can meet the standard guidelines for acceptance, you could receive a lower interest rate, extended loan term and even principal forgiveness or deferment. If you are struggling to keep your home, now is the time to learn more about the options available for you.

It’s been a pretty grim couple of years.  Millions of borrowers have been caught in the web of increasing adjustable rate mortgages and declining home values. This lethal combination has spelled disaster for homeowners resulting in record high foreclosure rates. One solution offered by the feds and lenders is a mortgage rate modification-this means that your current home loan is modified to a lower rate-often as low as 2%. It’s true-thousands of homeowners have already been helped with the Treasury Department’s HAMP loan workout option. Learn what it takes to apply and qualify so you can get back on track.

So, just how do you get started to apply for help from the bailout billions?  A mortgage rate modification under the HAMP guidelines involves preparing and submitting a hardship letter and affidavit, a financial statement and proof of your income. All of this paperwork is then reviewed to determine if you meet the approval guidelines. These are standard for everyone-you can actually learn exactly what these approval conditions are and then fine tune your own application so that it has a good chance of approval.

Good news for homeowners-lenders are cooperating with the feds.  Lenders who are participating in HAMP have agreed to adhere to the standard methods of mortgage rate modification set forth by the federal government. This has greatly streamlined the approval process and provided qualified homeowners with a very aggressive and affordable loan workout program. The goal is to provide a mortgage payment that equals just 31% of your household gross monthly income. That figure also includes principal, interest, property taxes, homeowners insurance and any homeowner dues.

Not everyone will qualify but who can apply for this mortgage rate modification plan? President Obama has said that every homeowner is encouraged to contact their lender to ask about home retention options. But, before you disclose your financial information to your lender make sure that you have taken the time to work on your budget beforehand. You want to be certain that your application meets the guidelines for approval and you don’t miss your chance for help. Remember, the information you provide your bank will determine whether you qualify for HAMP or not. You can save hours of confusion and frustration by using a software program designed specifically for homeowners that mimics the guidelines. Simply input your own specific information and then it calculates it all for you.

The clock is ticking and many borrowers are sitting on a time bomb waiting for foreclosure.  Why wait to find out if you qualify for a mortgage rate modification? Resolve to get started today-these programs are only available for a limited time and have limited federal funding. Hundreds of thousands of homeowners have already been given a loan workout-you can too!  Don’t worry-help is available for homeowner with the #1 resource The Complete Loan Modification Guide kit.  Use the easy software program to do all of the calculations for you-don’t take chances with your application.

Get the help you need to prepare your own accurate and acceptable loan modification application. The Complete Loan Modification Guide kit is the best selling do-it-yourself system that takes the guess work out of preparing your financial statement, hardship letter and all of the required forms your lender needs. You get an easy to use software program-Loan Mod Quick App-as well as an easy to understand handbook with step by step directions. 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! It couldn’t be easier-end the frustration-Visit myloanmodificationcenter.com and order today.

Are you one of the millions of American homeowners facing delinquent mortgage payments? You are not alone-but now is the time to learn your options.  You might have many questions about your options to save your home. It can be confusing trying to decipher all of the information in the news about home retention programs and the federal bailout plan for borrowers. Homeowners need to understand just what is available under the government program as well as other plans their lenders offer so that saving your home is a possibility.  What is a loan modification program and how can you apply for assistance?

The first question most borrowers have is simple-What is a loan modification program? Well, basically it is a workout to your existing mortgage so that the monthly payment is modified-made more affordable and fits into your family budget. The goal is to help families stay in their homes and avoid foreclosure. The federal government has implemented a program called HAMP-Home Affordable Modification Plan. Most banks are participating in this federally subsidized plan because they actually get paid by the Treasury Department to modify qualified loans. Homeowners also get paid for successfully making the modified payments on time. It’s a win-win for everyone-you keep your home and the bank gets paid to modify!  Learn more about what is a loan modification program so you can get the help you need.

The federal government has tried to make it easier for borrowers to get a loan workout.  Since HAMP is a standardized loan modification program, the guidelines for approval are the same for everyone. You can learn these guidelines and use them to prepare your own acceptable application to your lender. Why just guess at qualifying when you can actually use a tool that mimics the HAMP criteria? Take the guess work out of preparing your own financial statement by taking advantage of a software program designed just for homeowners. Simply input your own specific information and it does all the calculations for you.

There is a standard procedure your lender will use to qualify you for a a loan workout.  It just makes sense to learn this very same procedure and then use it to prepare your own application.  You do not have to pay anyone to fill out your application for you-you can do it yourself.  Dedicate just a few hours to learn the basics.  The secret to qualifying is to prove to your lender that you meet the loan modification program guidelines. You can do this yourself with just a few hours of preparation. Now is not the time to take chances-the bailout money is only available for a limited time-don’t miss your chance to keep your home. Hundreds of thousands have already been assisted and given a loan workout. Why not you?

Facing delinquent mortgage payments? You might have many questions about your options to save your home. It can be confusing trying to decipher all of the information in the news about home retention programs and the federal bailout plan for borrowers. Homeowners need to understand just what is available under the government program as well as other plans their lenders offer so that saving your home is a possibility.

What is a loan modification program? Well, basically it is a workout to your existing mortgage so that the monthly payment is modified-made more affordable and fits into your family budget. The goal is to help families stay in their homes and avoid foreclosure. The federal government has implemented a program called HAMP-Home Affordable Modification Plan. Most banks are participating in this federally subsidized plan because they actually get paid by the Treasury Department to modify qualified loans. Homeowners also get paid for successfully making the modified payments on time. It’s a win-win for everyone-you keep your home and the bank gets paid to modify!

Federal Plan

Since HAMP is a standardized loan modification program, the guidelines for approval are the same for everyone. You can learn these guidelines and use them to prepare your own acceptable application to your lender. Why just guess at qualifying when you can actually use a tool that mimics the HAMP criteria? Take the guess work out of preparing your own financial statement by taking advantage of a software program designed just for homeowners. Simply input your own specific information and it does all the calculations for you.

The secret to qualifying is to prove to your lender that you meet the loan modification program guidelines. You can do this yourself with just a few hours of preparation. Now is not the time to take chances-the bailout money is only available for a limited time-don’t miss your chance to keep your home. Hundreds of thousands have already been assisted and given a loan workout. Why not you?

Don’t be confused or frustrated.  Get the help you need to prepare your own accurate and acceptable loan modification application. The Complete Loan Modification Guide kit is the best selling do-it-yourself system that takes the guess work out of preparing your financial statement, hardship letter and all of the required forms your lender needs. You get an easy to use software program-Loan Mod Quick App-as well as an easy to understand handbook with step by step directions. 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! It couldn’t be easier-end the frustration-Visit myloanmodificationcenter.com and order today.

Federal Plan

Many homeowners have the same question-How does a loan modification work?  What is the procedure to apply and how do you get approved?  if you are worried about losing your home and confused about just how a loan modification works? Yes, there is a lot of information in the news about the federal government offering assistance to struggling homeowners, but how do you know if you may qualify for one of these home retention programs and how do you get started? Here is some basic information that will help you decide if a loan workout is right for you and your family.

Don’t be confused-take the time to learn the facts.  It’s true-the Treasury Department has implemented a loan modification plan that offers financial incentives to lenders and homeowners who successfully modify qualified loans. The program is called HAMP-this stands for Home Affordable Modification Plan. The Fed needed to get involved to encourage banks to really help at-risk homeowners and stop the flood of foreclosures across the nation. The benefit of this program is that now the guidelines and methods of modifying loans is standard. This means that everyone who applies is subject to the same approval criteria. This makes it much easier for homeowners to work directly with their lenders successfully-once you know those guidelines you will be able to prepare your application correctly and have the best chance of approval.

Here is some basic information to get started.  There are 4 main qualifying triggers for HAMP:

1. 1.  Live in the home as your primary residence
2. Your loan was originated prior to January 1, 2009
3. You are facing a financial hardship situation
4. Your current mortgage payment equals more than 31% of the household gross income

Ok- now we get to the important part of applying for a loan modification.  Once you pass these basic criteria, you will be asked to provide detailed information about your current financial situation. The application includes a Hardship Letter explaining what has transpired in your life to make the current mortgage unaffordable. There are 3 critical elements that your bank is looking for in your letter-make sure you include those. Next, the bank will ask for a Financial Statement-this is a detailed accounting of your income and expenses each month. This is really the meat and potatoes of your application and the information you provide on this form will in large part determine whether you are approved. You will also have to provide proof of your income-paycheck stubs, bank statements, tax returns, etc.

There is some good news with the Fed getting involved.  Remember, the approval guidelines are standard and they are available for you to learn. It just makes sense to learn exactly what your bank is looking for, then fine tune your own financial statement so that it closely meets those guidelines. You can save lots of time and frustration by using a software program that actually mimics the HAMP approval criteria-designed just for homeowners this easy to use tool will help make sure your financial statement is accurate and acceptable.

There is no magic or special knowledge required.  A third party will not do a better job than you will.  Here’s the key-understanding how a how a loan modification works is the first step to successfully modifying your own mortgage. Let’s face it-you need to be informed, motivated and persistent to get a loan workout so you can afford to stay in your home. No one is going to do it for you-resolve to get started today. Hundreds of thousands of homeowners have already been helped with HAMP-you can too!

Get the help you need to prepare your own accurate and acceptable loan modification application. The Complete Loan Modification Guide kit is the best selling do-it-yourself system that takes the guess work out of preparing your financial statement, hardship letter and all of the required forms your lender needs. You get an easy to use software program-Loan Mod Quick App-as well as an easy to understand handbook with step by step directions. 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! It couldn’t be easier-end the frustration-Visit myloanmodificationcenter.com and order today.

Federal Plan

Ok, the reinforcements have arrived with federal funding for loan workouts to keep borrowers in their homes.  But whose side on they on-homeowners or the banks?  The Home Affordable Loan Modification Plan or HAMP, was designed and implemented by the Treasury Department to help almost 5 million homeowners stay in their homes and avoid foreclosure.  This program is subsizided by almost $75 billion in TARP funds, and offered the first standardized and streamlined guidelines for loan workout options.  Finally, a light at the end of the tunnel for frustrated and hopeless homeowners!  Really?  Well, it hasn’t turned out quite like we thought-8 months into the program and only 728,000 borrowers have received temporary loan modifications.  Only a fraction of those have been made permanent-so what the problem?

The idea sounds good-formulate a standard program that all participating lenders must adhere to when considering a borrower for a loan modification.  But the reality is a little more complicated.  The good thing about a standardized program is that everyone is subject to the same guidelines for approval.  This takes alot of the guesswork out of figuring out just what the lenders want to see in order to approve a borrower for a loan workout.  The bad thing about a standardized program is that you need to fit into a little box of guidelines-if you don’t fit exactly then you are out.  A homeowner may be offered some other type of loan workout, but chances are it won’t be as affordable as the HAMP program.  On top of that, add a complicated formula for determining who qualifies and most homeowners are left out in the cold.

Just over $1.5 billion of the $75 billion allocated has been used.  If that was Cash for Clunkers it would have been gone long ago!  Homeowners still bear the biggest responsibility for completing a loan workout.  No wonder so few loan modifications have been completed. Let’s face it, the average homeowner does not understand how to prepare their application forms for their bank nor do they have the information necessary to make the minor adjustments to their budget that could mean the difference between denial and approval.  It is intimidating to complete a bunch of forms that disclose all of your financial information-especially if you don’t know just what you are supposed to be proving to your bank.  It is no surprise that frustrated homeowners were easily targeted by loan mod companies, attorneys and other third parties offering to “do it all for them”-but as we know, that was not the solution either.

Interesting question-Are the banks setting up homeowners for failure by not providing more one on one assistance with preparing financial statements, offering advice on how a budget can be adjusted to give the homeowner more of a chance for approval?  Every homeowner I know would be more than willing to cut out some of their expenses or take in a room mate if needed to qualify for a loan modification.  But if you don’t know or are not told that these are options to get approved, then how can you be expected to make these adjustments?

Of course the banks are blaming homeowners for not providing the right paperwork, or because homeowners do not respond quickly.  I don’t buy that-I have heard over and over again that borrowers are asked to send over the same paperwork many many times-it somehow gets lost in a big black hole at that bank.  So, eventually the homeowners get fed up and give up.  It David against Goliath-and Goliath has some pretty deep pockets and Federal funding on its side.

What is the answer to stop the flood of ongoing defaults and foreclosures?  It looks like homeowners are going to have to continue to be extremely proactive by learning the guidelines and diligently preparing their loan modification application so that at least they have a fighting chance of success.  No one is going to come to the rescue-not the Fed, not the banks and certainly not any third party charging thousands of dollars to cash strapped homeowners.  If you are willing to spend a few hours getting educated, and then be persistent and patient, you can be successful with your loan modification.  It’s not for the unmotivated-but when your home is on the line, being prepared and willing to fight is the option that works.

Fortunately, homeowners do not have to figure this out by themselves.  Get the help you need to prepare your own accurate and acceptable loan modification application. The Complete Loan Modification Guide kit is the best selling do-it-yourself system that takes the guess work out of preparing your financial statement, hardship letter and all of the required forms your lender needs. You get an easy to use software program-Loan Mod Quick App-as well as an easy to understand handbook with step by step directions.

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! It couldn’t be easier! Visit myloanmodificationcenter.com and order today