Loan Modification Made Simple: An Insider Guide to Understanding Loan Modification And Preventing Foreclosure
Loan Modification Made Simple
An Insider Guide to Understanding Loan Modification and Preventing Foreclosure Section 1: The Basics * Premise of this Book/Introduction * Comparison of Modification vs. Refinance Section 2: Understanding the Concept of Loan Modification * What is a Loan Modification? * Characteristics of a Note that a Bank Can Modify * Why Would a Bank Modify a Loan? * Causes of the Modification Boom * Modifications are Negotiations: Use the Threat of Foreclosure * Foreclosure Timetable
Rating: 
(out of 3 reviews)
List Price: $ 39.95
Price: $ 35.37
Attention Troubled Homeowners Wanting A Loan Modification:
Chances are good that if you are behind on your mortgage your bank will be contacting you requesting financial information in order to determine if you are eligible for a loan modification or workout.
DO NOT SUBMIT ANY INFORMATION WITHOUT READING THIS BOOK!!!
Banks and investors look for borrowers who fit their specific income vs. expense criteria. If you provide them with required information and fill out loss mitigation documents/forms without educating yourself, you are crippling your chances of drastically lowering your payments and/or saving your home. Loan Modification Made Simple tool kit will teach you how to reply to the banks so that you have the best chance for a top notch modification. We know what banks look for. If you make too much money, the bank will not lower your payment. If you do not make enough money, they will force you out of your home. This small investment will save you thousands of dollars over the life of your loan.
• Example Savings: $300,000 loan, 30 Year Amortization, Principal and Interest Payments
| 6% = $1,798.00 per month 5% = $1,610.00 per month 4% = $1,432.00 per month |
Difference from 6% to 4% : $366.00 per month 5 Year Savings:$21,960.00 |
“The current economic climate in the U.S. and the world only calls into sharper focus the plight of the homeowner facing foreclosure. This Loan Modification book now becomes required reading by virtually millions of men and women who have done nothing wrong, but was nevertheless are in imminent danger of losing their most valued possession – their home!
Perhaps the trillion dollar bailout will work, perhaps not. In any case read this Loan Modification book carefully and often. It has the power to help you save your home, your savings and, in same sense, your way of life”.
Bill Kelly
Former Head Editor
Review by J. Dumpit for Loan Modification Made Simple: An Insider Guide to Understanding Loan Modification And Preventing Foreclosure
Rating:
I found this book very useful when I decided to do a loan modification on my own. It provides you with everything that you need to know in order to do this process on your own. The author provides excellent examples that allow you to wrap you head around an issue that many people may find very overwhelming. Well worth the money!
Review by L. Rose for Loan Modification Made Simple: An Insider Guide to Understanding Loan Modification And Preventing Foreclosure
Rating:
This book was a straight forward review of what form the process takes. It takes the “mystery’ out of it. I found it very helpful.