Tag Archives: Modification

LoanSafeMods.com: REST Report Aids Deal With Challenging Modification Application Circumstances

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San Diego, CA (PRWEB) March 26, 2013

LoanSafeMods.com not too long ago released a series of video critiques that show men and women just how powerful the REST Report can be when dealing with hard modification application circumstances. Home owners who have been questioning if the REST will function in their circumstance might find answers to their queries in the most recent video assessment.

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This REST Evaluation focuses on the achievement stories of four separate homeowners, every struggling with their modification applications for months or even years. This and the other video evaluations can be identified on the LoanSafeMods.com YouTube Channel.

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The assessment features the stories of Ron, Crystal, Linda and Mona.

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Ron, who works as an EMT supervisor and lives in his San Diego property with his two kids, tried to save his house for many years without good results.

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Crystal, who also lives in San Diego, was facing foreclosure after the bank told her she require to default on her payments for 5 months before she could apply for a modification, which she desperately required as she couldnt hold up with the existing terms following her fianc

Freeman & St. Clair Publishes Loan Modification vs. Bankruptcy Comparison and Contrast Report

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Phoenix, AZ (PRWEB) March 19, 2013

Freeman &amp St. Clair publishes a new comparison/contrast report (February 2013) for Arizona residents thinking about application for a loan modification to stay away from filing for bankruptcy. Many residents nevertheless feeling the following effects of the housing crisis are facing possible economic disaster. When contemplating their options, most come up with two selections: bankruptcy or a loan modification for their home. In addition to being aware of the bankruptcy law in Arizona (http://www.freemanandstclair.com/arizona-bankruptcy-lawyer.html), prospective filers ought to know the ramifications of the loan modification procedure.

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Bob St. Clair of Freeman and St. Clair mentioned, When considering applying for a loan modification as an option to bankruptcy, meticulously take into account the intended purpose of each processes. The loan modification application is intended as a form of financial help to folks who have experienced a alter in circumstance that left them unable to make the minimum monthly payment on their mortgage. The bankruptcy approach is in place as a strategy of providing a fresh financial start off.

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The comparison contrast report published by Freeman &amp St. Clair is accessible on-line and contains added data on many elements of the loan modification approach vs. filing for bankruptcy including: &#13

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LoanSafeMods.com Helps Expedite Delayed Mortgage Modification Applications With The REST Report

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San Diego, CA (PRWEB) March 22, 2013

LoanSafeMods.com is a licensee of the REST Report (Real Estate Solutions and Technology Report), a trusted third party analytics tool that aids property owners and lenders see what alternatives are offered to avoid foreclosure on a home. This Report is the quickest and most precise way to discover out precisely what a particular person qualifies for in terms of mortgage modifications or other loan exercise programs, and so far it has helped thousands of house owners to locate foreclosure options and maintain their houses.

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The biggest advantage of using the REST is that it takes all the uncertainty out of the loan modification application method. If a person qualifies for any government or proprietary loan workout program, the REST will inform them of this. If they do not qualify for any modifications, the REST Report will show the cause why. It will assist them determine if there is anything that can be completed to increase their standing, or if a quick sale or other selection would be the very best selection. This all takes significantly less than 3 days.

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This Report also has the benefit of speeding up the application approach if the modification is getting delayed. LoanSafeMods.com not too long ago released a quantity of video critiques by homeowners who have been in a position to stay away from foreclosure with the help of this analytics tool. Most of these individuals had tried to apply for modifications on their own, only to have their modifications delayed due to lost paperwork or misunderstandings between them and the bank.

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Ron, for instance, had been struggling to save his residence for a number of years. Ron lives in San Diego with his children and functions as an Emergency Medical Technician. He says in his video evaluation on the LoanSafeMods YouTube channel that he had attempted to apply for the Make Home Reasonably priced System on his personal, but the supposed 45 day process stretched longer and longer as he would constantly require to resubmit his paperwork or send in new documents.

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Every time I would jump via one particular hoop, they would toss two a lot more up! Ron says of the frustrating encounter.

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He was also taken benefit of by two firms that promised to assist him get a modification but also required up-front payment. These firms in no way did follow through on their promises.

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Lastly Ron discovered the REST Report. He ran a report and right after seeing that he did, certainly, qualify for the modification, he sent in his application once more this time with the report attached. He had his request granted in a matter of months. Now Ron pays roughly half of what he employed to each month and his principal was decreased by nearly $ 360,000.

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Ron says in his REST overview “To have somebody who went out of their way to do a great job and not getting to pay beforehand was a blessing”

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Rons story is just 1 example of how the REST can support to expedite a modification becoming granted soon after, in some circumstances, years of delays. Property owners can go to LoanSafeMods.com to discover far more about the REST program and get access to live assistance and other tools that can assist them to make progress with their modification applications.

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Connected Loan Modification Services Press Releases

LoanSafeMods.com: REST Report Aids Property owners Greater Comprehend Their Modification Alternatives

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San Diego, CA (PRWEB) March 23, 2013

LoanSafeMods.com offers help to struggling homeowners by supplying the REST Report, live online help and other useful tools and details. The REST (True Estate Services and Technologies Report) is a third party analytics tool that requires existing information from all offered government and proprietary loan modification applications and runs it against the monetary information submitted by the homeowner.

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The program swiftly analyzes all the information and creates a report showing specifically what the homeowner does or does not qualify for in terms of mortgage modification programs or other foreclosure options.

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Most people go into the mortgage modification process effectively blind. They submit their application, along with their hardship letter, their paycheck stubs and tax records, and anything else necessary to hopefully create a clear image of their economic scenario.

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Nonetheless, they can never ever be positive precisely what the bank or lending institution is looking for. They dont know if they will qualify for the modification or not and considering that they will often not get an answer to this question for several months, they reside in worry that they will be denied their modification and have to settle for a brief sale or deal with foreclosure.

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LoanSafeMods REST Report puts an end to this uncertainty. Inside just 3 days, a homeowner can know exactly what they qualify for and how the bank will view their application. LoanSafeMods.com not too long ago released a quantity of video evaluations from home owners who have been helped by the REST Report, one particular of which is from Linda, a single mother who lives with her young daughter in Oceanside, California.

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Linda struggled for two years trying to apply for a modification. Every 3 months or so she would be asked to resubmit her application, which was very frustrating as it took a lot of work to find all the information and crunch all the numbers again. In her video assessment Linda says:

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“It was so perplexing to me since I had adequate earnings, I had all the criteria and they kept telling me ‘You have to resubmit, it really is been 3 months. You have to send in a new application.’ I believe I applied at least three, perhaps four, occasions!”

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She says that she was afraid she would lose her home, and that her and her daughter, who was born and raised in that residence, would have to discover someplace else to reside.

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We had been in limbo the whole time. We had no thought what was going on and it was just scary to believe we’d be out the door anytime.”

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Finally Linda tried the REST Report from LoanSafeMods.com. She says in her video:

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When I initial heard about the REST I wasn’t positive what it was going to be, but I knew I needed to realize the numbers greater due to the fact no one at the bank was explaining it to me.

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She explains how frustrating it was that she kept getting delayed for a single cause or an additional, but her bank which had all the details, wouldnt tell her what the issue was. She continues:

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So I had a REST Report done and I looked at it and it was the first time that the method made any sense to me. It was really beneficial!

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Lastly Linda had some answers. She says I was really excited when I saw that I certified in the REST Report since no a single at the bank would tell me what was going on. And there it was in black and white. The numbers created sense! So it was just a matter of acquiring it to the right individual at the bank and it was a accomplished deal within a couple of weeks!

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Now Linda can afford to maintain her residence at only $ two,100 per month rather of $ 3,000. She ends her REST assessment saying:

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The REST Report saved my day. It produced almost everything excellent for my daughter and myself. Thank you so significantly!

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Lindas story is not special. Thousands of others have found achievement using the REST Report. Discover out a lot more about this really beneficial tool by visiting LoanSafeMods.com.

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LoanSafeMods.com Shows Effectiveness Of The REST Report With Actual Examples Of Modification Application Results

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San Diego, CA (PRWEB) March 27, 2013

LoanSafeMods.com gives the REST Report to these who are looking for foreclosure alternatives. The REST (Real Estates Solutions and Technologies Report) is a third party analytics report that shows home owners exactly what sort of loan workout programs they qualify for. This report can also be shown to banks and lending institutes to assist speed the processing of a loan modification request.

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The web site offers a number of beneficial tools to struggling home owners, like a cost-free house analysis and the benefit of not obtaining to spend until outcomes from the Report come back. This risk-totally free assessment has helped several homeowners to uncover options to their loan modification application troubles.

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A new video on the LoanSafeMods.com website shows real life examples of how the REST has helped to advantage homeowners by displaying them specifically what they certified for and, far more importantly, displaying those holding their loans precisely how the numbers made sense and why it would be a far better notion to approve a mortgage modification than to foreclose on the house.

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One instance is from a loan held by Bank of America. The REST Report done for this homeowner calculated that, given the new terms of the modification that was certified for, the homeowner would have their month-to-month Principal, Interest, Taxes, Insurance and Association dues lowered from $ three,031.88 to around $ 1,855.67.

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The REST Report was sent in with the modification request and Bank of America approved the application. The calculated new payment was off by just 21 cents, with the bank approving the new payments at $ 1,855.88. All round the homeowner is now saving $ 1,176 every single month, $ 14,112 every year, and $ 554,664 general.

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Another property owner with a loan held by Bank of America ran a REST report and discovered that they qualified for the modification that they had been trying to get. The REST Outcomes projected that the new payment would be decreased from $ two,808.72 to just $ 1,547.00. The actual payment, when the application was approved, was $ 1,547.20 just 20 cents difference!

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Now this California homeowner saves $ 1,259 every single month, $ 15,108 every year, and will end up saving $ 604,320 over the course of paying for their residence. All this thanks to the REST displaying them precisely what modifications they qualified for and, much more importantly, precisely why they qualified.

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A third example is from a mortgage that is held by JPMorgan Chase &amp Co. This homeowner identified that they certified for a reduction in their month-to-month Principal, Interest, Taxes, Insurance coverage and Association dues payment by about $ 1,539.33. The new payments have been projected at $ 2,290.70 per month. The actual new payment per month turned out even less, at $ 2,215.48.

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Now this homeowner is saving $ 1,614 each month, for a total of $ 19,369 each and every year, and a lifetime savings of $ 752,193. And these are just a few of the examples of men and women who were in a position to turn their situations around and preserve their homes thanks to LoanSafeMods and the REST Report.

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The site also attributes a number of testimonial videos from real life people who had struggled with their mortgage payments and modification applications prior to discovering the REST. These evaluations and other tools for homeowners can be found on LoanSafeMods.com.

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HomeForeclosureFighter.com Provides Free, Downloadable Guide to Mortgage Loan Modification

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Hermosa Beach, CA (PRWEB) October 1, 2008

HomeForeclosureFighter.com, a top foreclosure prevention web site, these days announced the launch of their complete Guide to Loan Modification. The cost-free guide, available as a PDF download, supplies a step-by-step breakdown of the loan modification process.

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“Our mission is to match struggling homeowners with a solution to their mortgage nightmare. Portion of that entails educating them on their possibilities,” stated Mark McKendry the CEO of The Wisdom Firms. “We provide tools for property owners to do loan modification themselves, and also give them the opportunity to connect with knowledgeable organizations that can assist renegotiate their mortgage.”

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The Guide to Loan Modification not only explains what loan modification is and how it functions, but it also supplies worksheets and sample documents to help homeowners prepare for the approach.

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“Lenders are a lot more probably to support distressed property owners modify their loan speedily if they are ready with the acceptable documents,” added McKendry.

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Other topics and resources covered in the guide contain:&#13

Background explaining the fundamentals of a loan modification&#13
List of documents home owners should present to their lender when applying for a loan modification, such as a sample hardship letter&#13
Advice on how to perform with lenders’ loss mitigation departments. &#13
Evaluation of the rewards of carrying out a modification oneself versus functioning with a organization to modify your loan&#13
Critical inquiries to ask a loan modification firm if a homeowner chooses to use a private organization &#13
More data and a download link for the guide can be identified at: homeforeclosurefighter.com/guide.&#13

About HomeForeclosureFighter.com:&#13

HomeForeclosureFighter.com provides distressed home owners with data and sources about loan modification and other guidelines for avoiding foreclosure. This year, the internet site has helped nearly 100,000 property owners connect with Foreclosure Prevention Specialists that specialize in assisting borrowers avoid foreclosure.

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About The Wisdom Organizations:&#13

The Wisdom Businesses is a premiere provider of on the web advertising solutions. The organization streamlines the client acquisition method by matching targeted buyers with service providers. Given that 2002, Wisdom has connected over 1 million motivated shoppers with economic services firms in the mortgage, insurance and credit industries.

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Cody Sperber’s DO IT Your self LOAN MODIFICATION eBook Is Helping Homeowners Reduce Their Monthly Payment And Avoid Foreclosure

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Phoenix, AZ (PRWEB) November 23, 2008

There are lots of loan modification folks out there these days. Frankly it seems like many of them just moved from sub prime lending to loan modification but Cody Sperber’s Do It Your self Loan Modification eBook shows that Cody and the folks at ForeclosureCounseling.com know what they are talking about. Although some books just gloss more than the things a homeowner wants to do, Cody’s DIY Loan Modication ebook gives you smart insight on factors to ask for when negotiating your own loan modification.

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In its simplest type, a Loan Modification is a way to renegotiate a homeowners current mortgage and month-to-month payments allowing them to steer clear of foreclosure and preserve their credit. A lot of elements of their mortgage can be changed to their advantage, which includes the term of the loan, interest rate, balance of principle, and month-to-month payments. It really is even feasible to have late charges waived. There are numerous opportunities opened via a Loan Modification and every single residence owner’s circumstance is special. A huge number of property owners will use a Loan Modification to stop foreclosure on their property. For any individual who is unable to make their month-to-month payments, or is in danger of becoming buried under a past-due balance, a Loan Modification is the perfect options to stopping foreclosure and maintaining their residence!

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“When you’re attempting to do a loan modification yourself the one thing you do not have is time to figure out how to do it on your personal. When your property is facing foreclosure is not the time to find out items on the job”, says Sperber. A residence owner requirements to make sure that their effort they put in is directed at reaching their ultimate purpose – saving their home – and with Cody’s Do It Your self Loan Modification ebook you are nicely on your way.

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Wasted power, frustration and burn out are all symptoms of attempting to get a loan modification. For a few bucks a homeowner can elimate the wasted power element of the equation and find out how to deal with the frustration and dead ends that often pop-up for the duration of the method.

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Inside Cody Sperber’s Do It Your self Loan Modification Kit you will locate:&#13

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The loan modification proposal package types and documents &#13
The incorporated expense and revenue worksheets &#13
The ideas for dealing with the loan modification method and loss mitigation division employees &#13
The details on where to start and what to ask for.

“Do not be fooled that your lender(s) are just going to give you a loan modification that is in your best interest! Take the time to educate your self on what a Loan Modification is, how to create a comprehensive loan modification proposal, and how to negotiate with your banks house retention division.” Cody Sperber has been assisting home owners steer clear of foreclosure for over five years and specializes in Loan Modifications and Short Sales in Arizona. He owns http://www.ForeclosureCounseling.com, http://www.SellQuickForCash.com, and http://www.CodySperber.com.

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For Far more Details Call 602-626-3598.

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Free of charge House Loan Modification Kit Obtainable To Distressed House Owners

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San Diego, CA (PRWEB) December eight, 2008

Property owners who are behind on their payments can take advantage of a totally free Do-It-Oneself loan modification kit. MBA Commercial, Inc. is supplying this kit at loan modification kit to help the public.

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This indispensable tool consists of guidelines for effectively negotiating a settlement with your lender, tips on how to write a hardship letter, an explanation of the distinction between a forbearance agreement and a loan modification, plus a glossary of loan terms. A cost-free 24-hour recorded message (800-958-1952) explaining the loan modification approach is now accessible for house owners facing foreclosure.

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As the Treasury Department and Federal Reserve pump billions of dollars into the nation’s lenders to help with distressed loans through the bailout strategy, several banks and lenders have loan modification departments ready to aid customers. Banks would rather perform with borrowers on loan workouts than have more foreclosed houses on their books to sell.

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The positive aspects of a loan modification are that you can remain in your home and preserve your credit. While every lender offers different choices, standard loan modifications can lower payments by an typical of 25% from a period of three years to the life of the loan. Home owners can take pleasure in higher security and the positive aspects of staying in their home to reap the rewards of future appreciation in their home’s value, whilst avoiding the price of moving and the devastating effects of foreclosure.

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Typically to qualify for a loan modification, you should be experiencing a economic hardship. Examples incorporate divorce or separation, illness or healthcare costs, job loss, lowered income or company failure, house damage, military duty, incarceration or a death in the family members.

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To access MBA Commercial’s cost-free Loan Modification Kit, just complete the loan modification kit request form.

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MBA Industrial, a full service genuine estate company. 800-958-1952.

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Pinnacle Investments Announces the Release of the Loan Modification Toolbox

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Chandler, AZ (PRWEB) February 13, 2009

More than 75% of families do not know about solutions and choices that mortgage lenders provide to assist avoid foreclosure.

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Most property owners attempt and get refinancing for their property loan if they fear foreclosure. Other folks attempt to negotiate a “quick sale” or just accept the foreclosure and stroll away. Numerous property owners have by no means heard of loan modification, a legal procedure that a homeowner can use to renegotiate loan terms with the existing lender to reflect current monetary situations.

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“The men and women I’ve worked with in the past either do not know what loan modifications are, or they think loan modifications demands a higher-priced specialist,” stated Troy Fullwood, creator of the Loan Modification Toolbox. “Most property owners could do it themselves if they just had access to the info,” he added.

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Most or all of the fees connected with loan modifications can be rolled up into the new balance according to HUD suggestions. Because loan modifications never generally call for upfront fees, it is a viable choice for money strapped households.

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Thinking about that a home is the largest investment most people will ever make, the chance to save that investment offers a lifeline also many impacted by recent industry trends.

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The Loan Modification Toolbox was produced by Troy Fullwood to provide a loan modification roadmap and info at a fraction of a specialist’s cost. The Loan Modification Toolbox, offers step by step plans, essential types and lender negotiation needs to home owners trying to cease foreclosure.

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Troy Fullwood is a serial entrepreneur, author, and speaker. “With the present marketplace situations, I saw the need to have for helping homeowners save not only their homes, but their credit as effectively as their families from the wrath of foreclosure,” said Fullwood. “There are a lot of products and services coming to light on loan modifications, but they come with a massive value tag.”

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That’s why Troy Fullwood designed the Loan Modification Toolbox. “What home owners never comprehend is that the items and solutions getting provided by these other businesses are easy and can simply be completed by the homeowner themselves if they had the appropriate tools,” stated Fullwood.

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The Loan modification Toolbox is the 1st Do-It-Your self product of its sort both for Pinnacle Investments and the true estate business in common. Pinnacle Investments has been involved in 12,000 secondary mortgage transactions in the final 12 years. The company’s primary purpose is to save people’s residences and negotiate loan modification packages that suit their needs.

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Clients can buy this solution by going to our site http://www.loanmodificationtoolbox.com/

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Connected Loan Modification Yourself Press Releases

New Loan Modification Sector Group focuses on Ethical Therapy of Clients

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New City, NY (PRWEB) February 24, 2009

A new organization focused on assisting the emerging loan modification business to police itself was officially launched right now. The National Loan Modification Association of America or NLMAA was founded in an effort to assist guarantee that everybody working with a loan modification service provider is dealt with relatively and honestly.

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“By becoming a member of the NLMAA, loan modification experts agree to abide by a code of ethics that promises fair, expert and honest remedy of the folks that come to them for aid,” mentioned James Troia, one of the organizations founders. “Like it or not, a cottage industry has emerged in this nation that is focused on assisting customers modify the terms of their mortgage in return for a service fee. Until more regulations are in spot, we feel that consumers must know which of these loan modification companies have stepped up to the plate and stated ‘Yes, I am a professional who operates within a code of ethics.'”

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The for-profit Loan Modification organization has gained momentum in current months due to the nationwide recession and slumping housing costs. Loan modifications are 1 tool that is employed to aid customers keep away from foreclosure. A loan modification occurs when a lender or servicer of a mortgage agrees to modify the terms of the mortgage without writing a new mortgage. Loan modifications can minimize principal balances, reduce interest prices or alter the term of the loan. “There are millions of folks who are each eligible and can benefit from a loan modification but a lot of never know where to start. Often occasions, a expert consultation can assist individuals realize their choices and may be fastest way to get benefits,” Troia mentioned.

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The group’s website located at NLMAA.org promotes membership amongst sector pros and gives some insight into the loan modification method for consumers. “Significantly in the way distinct seals and credentials provide self-confidence to shoppers across the planet wide internet, the NLMAA member logo aids to enhance the level of comfort a customer has when seeking help in modifying their loan. It really is not a be-all-finish-all, but it need to be a guidepost for the duration of the choice method.”

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About the NLMAA:&#13

The NLMAA is devoted to the development and prosperity of the loan modification market.

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Our members agree to abide by our code of ethics which aids make sure that buyers are dealt with fairly and honestly when in search of loan modifications.

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If you are a loan modification specialist, please read our code of ethics to see if you qualify for membership, if so, set oneself apart from the crowd by becoming a member and displaying our member logo proudly on your website and other advertising supplies. Loan modifications are at an all time high, by guaranteeing professionalism across the market we can support sustain its lengthy term growth.

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More Loan Modification Yourself Press Releases