Los Angeles, CA (PRWEB) April 22, 2009
A group of Los Angeles true estate specialists has developed LoanModDVD, an instructional DVD which walks homeowners through the procedure of applying for house loan modifications themselves. Hundreds of lawyers and so-called “loan modification” organizations are telling distressed home owners they need to have to use their solutions to get loan modifications. This is not correct! The reality is that ALL home owners can apply themselvesnot 1 bank or lender demands the involvement of outdoors entities. LoanModDVD supplies borrowers with all the details they need to have to generate and submit successful applications on their personal.

LoanModDVD is a do-it-oneself step-by-step loan modification guide (which includes software program, forms, and buyer support package), which gives the important tools necessary to help home owners present specialist loan modification packages to their lenders. Designed by experienced real estate sector professionals Amir Fathi and Maz Badie, LoanModDVD’s principal objective is to save home owners thousands of dollars in legal charges and aid them generate full packages that get reviewed and authorized.

“Lawyers and fly-by-evening ‘loan mod’ companies are telling distressed homeowners that they must devote thousands of dollars they do not have to have to apply for loan modifications,” said Fathi. “Or if borrowers contact their lenders straight they are advised to get in touch with the HUD and HOPE NOW numbers whose operators never know significantly far more than the homeowners. These folks are left confused and not confident what to do or who to turn to. LoanModDVD explains each and every step they need to take, and offers them all the tools they will need to have to apply on their personal.”

To apply for a loan modification, a excellent deal of documentation is needed – far more than just the two paycheck stubs and bank statements the HOPE NOW lines will tell home owners to submit. LoanModDVD outlines each and every document individually, and offers all of the needed types. Far more importantly, it also comes with a patented on the web software program plan which automatically calculates a new targeted loan payment and interest rate very best suited to attain a loan modification. The new proposed price property owners want to request is an essential part of every single loan modification request. Other components consist of a sample Hardship Letter, a Proposal Worksheet and customizable Revenue and Expense Worksheets.

“Our aim, ultimately, is to empower the homeowner,” added Badie. “With this product, borrowers can cut through all of the confusion and misinformation and take matters into their personal hands. If utilised properly, LoanModDVD can reduce mortgage rates dramatically and lessen payments by up to 40%, helping a lot of folks save their residences.”

“LoanModDVD is one hundred% in accordance with the new Obama Government Housing Stability Act,” continued Fathi. “Our software’s ability to automatically calculate the Net Present Value guarantees that the modification is advantageous to the borrower and will preserve them in their property for the long run. Sadly, the majority of property owners do not even know what Net Present Worth is, a lot much less how to calculate it. Our application does it for them within seconds.”

LoanModDVD is accessible on-line at http://www.loanmoddvd.com/ for $ 99. The internet site consists of in depth data about the loan modification procedure and an on-line Question and Answer video which assists you establish if a loan modification is right for you.

If, following getting LoanModDVD and following the guidelines step-by-step, your loan modification is not approved, you can return LoanModDVD for a 100% income back guarantee (restrictions apply – pay a visit to the web site for much more detail).

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