Many homeowners who have paid thousands of dollars to loan modification companies but gotten no results may be in for a big surprise.  Countrywide has been contacting homeowners directly offering to help them with a loan workout and encouraging the homeowner to work directly with the bank.  Is this good or bad-what’s the real deal?

Some bad apples have really given the loan modification companies a bad name-many former mortgage brokers looking for a new source of income simply changed their signs and went from writing bad loans to charging borrowers to fix bad loans.  The stats on how many homeowners actually received that help is alarming-companies boasting a “95% success rate” have actually been found to have only completed a handful of loan modifications.  So vulnerable borrowers had just forked over the last of their savings and were left out in the cold.  No wonder the Feds and the lenders are shouting, “Beware of anyone asking for money upfront!”

Get the Right Person on the Phone!

Now Countrywide is getting proactive by contacting homeowners directly and starting the loan modification process over the phone in an attempt to short circuit any more payments to loan mod companies-and this includes companies led by attorneys as well.  The truth is that the vast majority of borrowers can successfully work directly and get a loan modification for free.  BUT… there’s always a but, so read on.

If Countrywide calls you directly, do not give them any of your information until you have taken the time to prepare your application beforehand.  Why is this so important?  Well, if you start giving them alot of information without first working on your budget and financial statement, you won’t know if you are hurting your chances for approval or not.  You need to know ahead of time what the approval criteria is and then work on your budget and financials, get your paperwork all in order so that you will know exactly what to say and how the application needs to be completed.

The good news is that borrowers are being contacted-the bad news is that many will unknowingly hurt their chance for getting approved by providing the wrong information.  If you need a Countrywide loan modification, this could be your one chance-make sure you do it right!  Your time and effort will be worth it.

You can get the help you need to apply and qualify for a Countrywide loan modification by ordering and downloading the best selling handbook for homeowners, The Complete Loan Modification Guide. This is a low cost, easy to read, home edition loan mod kit 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. Learn how to qualify for the Obama Federal loan modification plan.

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

Home Edition Loan Modification Kit with Customer Assist

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