Saving Your Home Takes Action and Persistence and Time

Saving Your Home Takes Action and Persistence and Time

So you've found an attorney group or Loan Modification organization that is going to save your Home. Really?

To all those attorneys out there that think that these loan modifications are a quick buck, "YOU HAVE NO IDEA OF THE WORK THAT YOU HAVE A HEAD" These are time consuming and your silly little modification programs do not substitute for reading and learning the program and directives.

To Homeowners, you can not rely on anyone to save your home, you must check up and be involved and call your bank weekly to see what is needed.

I help Homeowners, Loan Modification Companies and Attorneys all day long educating them on what is needed and how these programs work.

By clicking on the title of this article you can read the judiciary house report on Hamp and problems that even attorneys face in getting loan modifications completed. One non-profit group assisted 11,000 homeowners over a year just to have the success rate of merely 5 hamp modifications.

I charge zero for you to attend my self help workshop. So let us be efficient in working together, because it is your home and your money at stake.

I will give you access to educational information, forms, tips, and you need to realize that there are no guarantees because you can not make your lender comply although we will take action and fight for a modification.

The 15 minute consultation will let you know what programs if any that you may qualify for. The consultation is only available after you have gone to free sources found on www.hud.gov and not been successful. I only charge for cases stuck and where the home owner is paying for time to process, not paying for a loan modification because no one can garantee that any modification will ever be successful, because it is up to your lender to make that decision, even the programs when followed, even when the bank is wrong, it is still the baanks choice and you are at their mercy. Homeowners are welcome to do all the work themselves and I suggest that you do this. I am not soliciting work for modifications, however I realize there are times that nothing seems to work, I charge $30 minimun per call or per hour whichever is less to be on the phone with you, to do whatever you think is needed. However there are a list of agencies that will assist you listed on http://www.makinghomeaffordable.gov/ do not wait and hurry up and get started.

In order to start the process of saving your home and potentially getting a Loan Mod

Call me immediately if you are any one of the following:

You would like to have an affordable payment.

You are upside down on your home by $20,000 or more.

• Are behind on your mortgage payment
• Have received a Foreclosure Notice
• Are worried about making your next house payment
• Are considering bankruptcy to avoid foreclosure

Good credit or trashed credit does not matter,
Most likely we can do something,
Free 20 minute consultation and prequal in order to fill out this paperwork, request and application.
In order to start the process of saving your home, and potentially getting a Loan Mod, you must quickly gather a few documents and call me @ 435 668 9589 to review your paperwork.
Recent: Pay stubs, Bank Statements,
Taxes
• Mortgage Statement, and any letters
from the mortgage company
• Recent Utility Bill (Water, Lights,
Gas)
• Hardship Letter- Explaining the
reason why you fell behind on your
mortgage

Beware that your bank will usually try to get you into a forbearance agreement where your payment may actually be higher, and that is usually what home owners are NOT wanting.

For attorneys and others charging for loan modifications please contact Dianne so that we can discuss the components of the program (HARP, HAMP, 2MP, HAFA, FHA-HAMP, VA-HAMP), basic eligibility criteria, documentation requirements, and how you can help borrowers determine if they qualify for HAMP.

https://www.hmpadmin.com/portal/docs/hamp_borrower/hamprmaint.pdf






Mortgage Loan Modification - How it Works

Mortgage Loan Modification Sounds Easy Right? It can be very stressful and at times nearly impossible.

Come to my Loan Modification, consumer debt & Foreclosure Alternative Class, this is a self help class for $695 where we can assist you in education and filling out the forms asking your lender for your loan modification. This is a 4 hour class. For an extra $100 you can bring an additional student. Every

Knowing Everything you need to know about HAMP

https://www.hmpadmin.com/portal/resources/counseling.html

click the link above to understand the program

2nd loans can qualify for loan mods on the link below

https://www.hmpadmin.com/portal/programs/second_lien.html

Questions? call 435 668 9589

What you need to know about HAMP and your bank

Current HAMP Directives https://www.hmpadmin.com/portal/programs/directives.html

The Treasury Department says approximately one million Bank of America customers are eligible for a loan modification.

• 160,000 are in a trial modification program, 16 percent.
• 98 homeowners with Bank of America loans were able to get their temporary loan modification converted to permanent status in November under HAMP.
• BOA has completed a total of 230,000 loan modifications across non-HAMP programs, according to Dan Frahm, a Bank of America communications executive.
  “In the past two years, Bank of America has helped more than 630,000 customers with a loan modification through our own programs or with a trial modification under HAMP,” said Jack Schakett, Credit Loss Mitigation Strategies Executive with Bank of America, who insists the figures sound worse than they are.
  While the government estimates that Bank of America has one million customers who are eligible for HAMP (because they are 60 days behind in their mortgage payments or at imminent risk of default), Schakett says the bank thinks only 340,000 customers are truly eligible for HAMP.
  Of those, he points out, 160,000 are in a trial modification, or just under 50 percent.
  The missing 650,000 homeowners (one million customers minus 340,000 that Bank of America believes truly are eligible) are ineligible for HAMP because they fall into one of these four categories:
  The homeowners have vacated their home.
  The homeowners no longer occupy the home as a principal residence.
  The homeowners are unemployed.
  The homeowners already have a relatively affordable housing payment of less than 31 percent of their income.
  (These 650,000 loans could wind up in foreclosure, as part of the 4 million homes that might wind up in foreclosure in 2010.