Loan Modification

http://www.60minuteloanmodification.com – LOAN MODIFICATION: IS IT RIGHT FOR ME? I have a free 60 Minute Loan Modification CD that teaches you how I modified 6 of my own mortgages and now teach others to do the same. Follow the link above.

IS A LOAN MODIFICAITON A REFINANCE?

No. Refinancing is not a great option right now. Its slow, expensive, and time consuming. Loan Modification is MUCH easier and offers more opportunity.

Here is why: If you have very little or no equity in your home, or if you have missed a payment in the past 12 months, or if you have bad credit, refinancing would not be an option for you. With a loan modification we can lower the payment and interest rate even with negative equity, missed payments, and/or bad credit.

FREE LOAN MODIFICATION FORUM:
http://www.60minuteloanmodification.com/members

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Behind On Mortgage Payments- here is a video from Kazaam Realty with Tony Lagrutta and Peter Gorski letting homeowners know that they do have options when there house is behind on mortgage payments. www.KazaamRealty.com can help with stoping Foreclosure, Pre Foreclosure, we have saved homes, sold homes, bought homes, we buy and sell all real estate, We buy homes for cash, We are located in South Central Pennsylvania, and serving people in Pennsylvania and beyond.

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Lenders do not want your home or the hassles and costs associated with foreclosure. Global Mortgage Financials are experts at negotiating with your bank or lender.

for more info visit: www.gmfinancials.com

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First Public Event – Loan modification, Short Sale, Foreclosure, Tax & Legal Ramificaiton. Free Homeowner Workshop: April 18, 2009 – Saturday – San Jose www.RescueCaHome.com or Call 408-930-1200.

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SaveMeFromForeclosure.com Justin Lee
Presents Foreclosure Prevention Tips With Today’s Topic Filing Bankruptcy To Stop Foreclosure Brings Long Lasting Consequences – Think Hard Before Deciding. See SaveMeFromForeclosure.com To Find Out More Information!

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http://www.60minuteloanmodification.com – FREE Loan Mod Secrets CD shows how I modified loans on all 5 of my homes.

LOAN MODIFICATION
Empty Houses, Falling Prices & HUGE Opportunity

The worst of times ALWAYS opens up huge opportunities for smart people who arent controlled by their emotions.

Its your home, so of course it IS emotional, but lets look at the facts:

1 Three times as many homes are vacant in the U.S. right now compared with just 2 years ago.

2 Five million homes are facing foreclosure

3 Home values are dropping like flies everywhere

At the same time, heres what ELSE is going on:

Hundreds of billions (and eventually maybe trillions) of dollars are literally being tossed around to try to fix this mess you and I are both caught up in

while sleazy real estate vultures are perched on the hills ready to swoop down on struggling
homeowners, taking their deeds and leaving them homeless and broke.

This is not melodrama. This is happening in your neighborhood right now.

So what do you do?

Smart homeowners are making decisions VERY carefully—and theyre taking their time.

Theyre not running away, declaring bankruptcy, or giving up their deed to the first fast-talking
guy in a tweed coat.

Smart homeowners are modifying their home loans before they do ANYTHING.

Why? Because its easy, its fast, and itll cost you next to nothing. Best case scenario, you get to keep your home with great terms, and you come out of this downturn on top of your game. Worst case scenario? You buy yourself five years to think about what to do next.

Either way, its a no brainer. Loan modifications are the sweetest offer available to struggling homeowners like you and me.

Ask yourself this:

How long do you think this is going to last? How long do you think banks are just going to roll over and
let you change your mortgage, just because?

You need to take action now!

FREE LOAN MOD QUICKSTART CD
http://www.60minuteloanmodification.com/products

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http://www.60minuteloanmod.com – LOAN MODIFICATION: IS IT RIGHT FOR ME? I have a free 60 Minute Loan Modification CD that teaches you how I modified 6 of my own mortgages and now teach others to do the same. Follow the link above.

LOAN MODIFICATION & DEBT TO INCOME RATIO

Debt to income ratio is most important, but lenders also look at your household disposable income.

D.T.I.R. is calculated by adding up all your car payments, minimum credit card payments, installment loan payments, and your house payment using the modified ideal loan payment) plus property tax and insurance. That is the Debt part. The Income part is your gross monthly income.

So if your monthly debt service comes to $3000, and your income is $6000, your DTIR is $3000/$6000 or 50%. That is the most critical number. As a general rule, lenders are looking at 50% or lower but there are even exceptions to that.

FREE LOAN MODIFICATION FORUM:
http://www.60minuteloanmodification.com/members

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LoanMod.com is featured in WXYZ Channel 7’s Financial Survival segment.

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Attorney Negotiated Mortgage Loan Modification for Home Owners. Expert Advice on Real Estate and Finance. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To http://RealEstateMarketingThisWeek.com

Part 5 (Excerpt)

The Loss Mitigation Department at the Bank is not on your side

Welcome back once again my guest Brett Fallon, Brett is a regular guest on the show, he is a registered financial consultant with RG Capitol and AIG Financial Advisors Brett W Fallon welcome back to the show.

It is nice to have the financial advisors perspective on some of these things so many people dont have a financial advisor so for thousands and thousands of people listening right now you are their only option for that, financial advisory services are typically not for the masses but again you are here to help and your services are available to quite a number of people you actually work with fortune 500 companies is that correct?

Yes, I do a number of workshops for fortune 500 companies that are headquartered here around the valley, the idea is to help people create efficiency with all assets, understanding that their home and home mortgage is typically the largest asset that most Americans have and if you are not treating that with efficiency, the retirement accounts and investments accounts, and all the other stuff has to work in concert, so Im happy to weigh in with information and give you my viewpoints and my perspective.

We were talking just a few moments ago about utilizing an expert negotiator when trying to do a loan modification, people are getting mail from bogus service sources, we have already covered that, but from their servicers saying if you need help with your mortgage, help is here, give us a call. Im certainly not going to tell everyone in the world that they cant do their own loan modification because some people are qualified to negotiate on their own behalf, though in my opinion they will still be emotionally attached to it and if they hear something that sounds good, it may be enough for them to essentially bite at the offer which is exactly what the loss mitigation department wants you to do.

It goes back to the disinterested third party, that expert negotiator, negotiator being the key word in that phrase. One of the things we were talking about and I want to make sure that we address this especially in this segment, we are talking about loan modification of mortgages of people that have some financial constraints, some pressure whatever the source of pain is, for them knowing that this option exists to take an existing mortgage loan and modify it to their best or better interest, from what it currently is, so who should and who should not do a loan modification, lets start with that.

Ill tell you and lets start with people who shouldnt do a loan modification. Someone who thinks their interest rate is too high and owes more than the house is worth, feels that they are entitled to a loan modification, is not really a good enough reason or a hard enough hardship for those types of people unfortunately. This is essentially a handout that is being offered because of some of the malpractices, if you will, that were happening within the mortgage industry over the last several years.

With these big huge banks offering these products that were teaser loans, toxic mortgages, as we call them now. We certainly didnt call them that then when the consumer calls me up and says I want that 1% loan thats going to be my ticket. Unfortunately people took theses loans but what they didnt realize is that someday this loan with the ridiculously low interest was going to reset and their payment was going to quadruple and who on earth could have known that the economic times would be as bad as they are and they would have no option to get out of these loans.

So someone who simply finds themselves upside down on their home, owing more on the house than the actual value of the house, does not necessarily need to consider a loan modification. No they may not qualify on those merits alone in most cases.

I just want to make a point, I was reading an article in the wall Street Journal about this stuff and basically the gist of the article was that the average foreclosure on any property in the United States costs the lender $50, 000 from start to finish…

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http://www.bankmortgagesecrets.com How to do Loan Modification Best loan modification without loan refinance best strategy for The Obama plan. Avoid bankruptcy, loan secrets banks do not want you to know.

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