by Loan Modification Expert - Dan North

Sure we have all heard of loan modification and Government help with mortgages, but how much is fact and how much is just another sales pitch or campaign promise that is nothing more than an empty promise.

I know, I have read the same advice too. "Just call your lender, they will help you" sometimes they do if you persist and sometimes the endless phone transfers are so frustrating you give up. Maybe you have already tried calling and are now looking for professional help so start reading the ads. "Modify your mortgage to 1% and a $100k principal reduction, guaranteed." Right, I have the same feeling in the pit of my stomach when an IRS Agent shows up at my door and says he is only there to help me. If only it were true.

We want to believe and we know people have been helped but how do you know if your lender is taking advantage of you or if a loan modification company is legitimate. No one wants to get ripped off whether it is by their lender or a mortgage modification company. Despite the News Stories there are more people ripped off by their lenders than by criminal loan modification companies that take the money and run. Just look at the statistics, currently only 25% of all modifications approved are on sub-prime loans, yet these are the Americans that need a mortgage modification the most. At the end of Feb 2010 there have been 1,094,064 HAMP modifications started since the beginning of the program and only 168,708 approved and active permanent modifications which is 15.4% of all the trial modifications and if only 25% of those are on sub-prime loans that means only 3.8% are approved modifications on sub-prime loans. Who is fooling whom? This 3.8% represents the Americans that need the help the most.

Do I Need To Hire A Loan Modification Expert
To Modify My Loan? Or Can I Do It Myself?

You can do it yourself but first ask yourself honestly how important is it that you keep your home. In many cases you can modify your own loan directly with your lender with a little help or advice but don't expect your lender to do it for you and have your best interests in mind. You need to understand what is going on so you are not taken advantage of. I will try to provide you with the information you need so that you can do just that. With some lenders you may need professional help to even get a loan modification. Some people always hire an expert to handle anything as important as their mortgage modification just as they would hire an Accountant for filing their taxes or a Realtor to buy a home or a Mortgage Broker for arranging a mortgage loan in the first place. So the real question may be can you afford not to hire an expert.

I have been writing articles and arranging mortgage loan modifications for a little while now. I have run into many of the barriers that you can expect to run into and many that you would never expect. I still get surprised by what can happen. Most situations are straight forward - your lender would prefer not to modify your loan and will try to discourage you from getting a loan modification. Everything from telling you verbally that you do not qualify to endless phone transfers and even disconnecting you after spending an hour or more on hold. If you persist and hang in there, no matter what happens, you stand a chance of modifying your loan.

Help On Mortgage Renegotiation

I mostly write articles on mortgage modification and the mortgage foreclosure process that are republished in numerous blogs. From these articles I get many emails and phone calls asking questions or asking for help. You will find what comes up most covered in this website.

Often I am requested to renegotiate mortgages for readers, some I do take on as personal clients but there are only so many I can do myself. This website is intended for the help and advise you need to do it yourself or get the help you need. If you feel you need or want more help or want to hire an expert you can contact me.

Is There HOPE For Homeowners?

I am constantly researching and reading all the documents I can on government mortgage assistance to stay current and there are 1000's of pages with continuous updates. Although the government can make the simplest things complicated, they do help some people if you can sort through the red tape and regulations.

While many homeowners end up falling outside the government guidelines most lenders will modify your loan if you present your case correctly. Some loan restructuring is easy and you can do it yourself with your lender's help and with some lenders you will need expert help to get your lender to do even the simplest loan modification.

Still Not Convinced? OK,You Are Welcome To Contact Me If You Want The Help

This web site is intended to educate you and give you the information you need to put you in better control of getting the mortgage modification you need and in better control of the whole home foreclosure process. I address the questions I have been asked most often in emails and phone calls, you can even ask your own questions if you do not find the answers you need.

So are you ready to get some real answers to the real questions on mortgage modification, government mortgage assistance and other mortgage foreclosure questions such as:

• Do I qualify for a hardship loan modification?

• Can I save my home?

• Is there HOPE for homeowners from the government?

• How do I write a hardship letter?

• How does mortgage foreclosure work?

• How do I find out what mortgage loan modification I am eligible for?

• Can I really get government mortgage assistance?

• Do I have homeowner foreclosure rights?

• Do I have other options if I don't qualify for the government programs?

• Can bankruptcy stop foreclosure?

• Is it true that investment properties are eligible for loan modification?

Then read on. You may have a lot more options than you thought.

There is hope!

Something can be done about it!

So lets get started!

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