You may have some little known legal recourse to help persuade your lender to negotiate a beneficial loan modification.  If you are frustrated with the lack of cooperation and response from your lender regarding your loan modification application, it may be time to pull out the big guns to get their attention.  Here are two insider secrets that might help you to get your lender’s attention. First legal right to help your get your do it yourself loan modification:

1.  If your loan was originated in the last 3 years, and is on your principle residence, you may have grounds to rescind the loan for violations of the Truth in Lending Act.  That’s right-the entire loan would have to be cancelled out-and you could get back the interest you have paid!  It’s estimated that nearly half of all loans have Truth in Lending violations.  The aggreived borrower does not even have to prove they were defrauded or misled, or even that they suffered actual damages.  The simple fact that the disclosure was defective gives the borrower the right to rescind the loan and deprives the lender of the right to interest on the loan!  This law must be followed and failure to do so can result in significant damages to the lender.  Second legal right to help you get your loan modification:

2.  The Real Estate Settlement & Procedures Act (RESPA) is another powerful law that you can use with your lender to gain leverage and get their attention.  This law says that you should receive certain disclosures at various times during the loan process.  These disclosures spell out the costs of the loan and to whom they are paid.  Many loans have one or more RESPA violations that are discovered when they are closely examined.  This is a big headache for the lender and can carry hefty fines.

Often, once the Loss Mitigation department realizes you are willing to pursue these other options, they will be willing to work harder at finding a way to help you modify your loan into an affordable payment.

If you would like more information about these laws and how to make them work for you, The Complete will provide you with the knowledge you need to negotiate with your lender like a pro.  You will learn the 7 Steps to a Successful Loan Modification, as well as insider tips like the ones listed above.  The Complete Loan Modification Guide provides you with all the necessary loan modification forms along with detailed instructions on how to complete them properly.  This easy to read and easy to follow guide will give you the fighting chance you need when presenting a Loan Modification to your lender.  Give yourself the knowledge you need to win!  Get informed and get going!

Home Edition Loan Modification Kit with Customer Assist

Loan Modification Guide

If you would like more information about Loan Modifications, please visit us at:

http://www.myloanmodificationcenter.com