Loan
modification is real and is happening now, but not
forever.
Have
you tried to refinance or negotiate with your bank
but have gotten nowhere?
Are
you nervous because your ARM is about to adjust and
you can't afford the new payment?
Do
you want to keep your home but don't know where to
turn for help?
Are
you confused about the plan unveiled by President
Obama?
Your
Problem:
Your
adjustable Rate Mortgage has, or is going to reset.
You
owe more than your house is worth.
You
are late on your mortgage.
You're
afraid you could lose your home.
Your
Solution:
Modify
your loan to significantly reduce your payment.
Modify
your loan to reduce your balance.
Get
past due payments & fees waived.
Audit
your current loan documents for violations of law.
Topics
to be covered are:
What
a loan modification is and why the lenders are willing
to do modifications.
How
to close the deal.
What
forms are needed.
How
to structure the budget.
How
to structure the hardship letter.
How
to submit to the lender.
What
needs to be submitted to the lender.
How
to negotiate with the lender.How
much to ask the lender to give up.
Facilitated
by Marie Deary of Shore Management Solutions.
