Mortgage Loan Modification Blogby Loan Modification Expert - Dan North
The Mortgage Loan Modification Blog - Find out what's new at Mortgage Loan Modification Answers, the latest developments in the Home Loan Modification and Government help with mortgages. Government help with mortgages is a constantly changing subject with continual updates and revisions in Government Guidelines. This requires constant updating of the site and plenty of room for commentary on what this means to you and your Home Mortgage Loan Modification. Whether you are exploring the possibility of a Home Mortgage Loan Modification, Government Mortgage Assistance or need Government help to stop foreclosure this is where you can stay up to date on the latest news in Home Mortgage Loan Modification and Government help with mortgages.
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Will I Have To Use My 401k To Pay Mortgage?I am in the process of a traditional mod. I am waiting for an answer. Will they make me pay back the 21k from my 401k? Mortgage Loan Modification Answer:by Permalink -- click for full blog post "Will I Have To Use My 401k To Pay Mortgage?" Profit And Loss Statement For HAMP ModificationI am self employed. I sent a quarterly (4th qtr 2009) Profit & Loss Statement to my mortgage company for a HAMP Modification. Because I subtract what I Permalink -- click for full blog post "Profit And Loss Statement For HAMP Modification" Modify And Sell SimultaneouslyCan I list my home for sale after applying for a loan modification? Mortgage Loan Modification Answer:by Loan Modification Expert - Dan NorthYes you can Permalink -- click for full blog post "Modify And Sell Simultaneously" Chase Loan Modification Denial - No Official Notification of Repayment PlanAfter not recalculating my loan for two years in a row and with horribly high insurance premiums thanks to Katrina, my payment jumped from $850 per month Can I Rent My House Before My Loan Modification Is Completed?I just made the 5th payment on my home loan modification and I'm still waiting to hear if I've been approved or not. In the meantime, I've been offered IndyMac Modified Loan On 1st Mortgage But Not 2nd?Indy Mac modified my 1st mortgage interest rate to 2% for five years, late last year. I recently received a letter from Indy Mac regarding my 2nd mortgage. Permalink -- click for full blog post "IndyMac Modified Loan On 1st Mortgage But Not 2nd?" Special Loan Modifications For Disabled On Fixed Income?Are there special loan modification programs for Seniors on fixed income? Anything for the disabled? I do not qualify for a loan modification from Permalink -- click for full blog post "Special Loan Modifications For Disabled On Fixed Income?" Second Mortgage Charged Off By ChaseChase did a charged off on my second Mortgage. What comes next? Mortgage Loan Modification Answer:by Loan Modification Expert - Dan NorthThe first question Permalink -- click for full blog post "Second Mortgage Charged Off By Chase" HOPE For Homeowners - Find Out If You QualifyFind out if you qualify for the Making Home Affordable or HOPE For Homeowners. Use our Loan Mod calculator. See if you qualify for Government Mortgage Assistance or Government help to stop foreclosure Permalink -- click for full blog post "HOPE For Homeowners - Find Out If You Qualify" DIY Loan Modification KitThis DIY loan modification kit is the exception to the rule. It delivers. Gain the competence you need to submit and negotiate like a PRO - with real insider advice on how to negotiate a modification Permalink -- click for full blog post "DIY Loan Modification Kit" Why Would The Mortgage Company Not Lower Our Principal?To make a long story short, we closed on the purchase of our new home in April 2006, one week later I was diagnosed with a condition that resulted in almost Permalink -- click for full blog post "Why Would The Mortgage Company Not Lower Our Principal?" Loan Modificatoin, Bankruptcy and DivorceHusband and wife are both on the mortgage and the Deed. They are separating and wife has filed Chapter7 and surrendered the property. Can husband do a Permalink -- click for full blog post "Loan Modificatoin, Bankruptcy and Divorce" Trial Loan Modification For 11 Months And Repayment PlanWe have been in a trial modification for over than 9 months. Yesterday I received a letter from Chase with a repayment plan which is not help. I have Permalink -- click for full blog post "Trial Loan Modification For 11 Months And Repayment Plan" Debt To Income Ratio And Loan ModificationHow will my debt to income ratio affect a loan modification? Do percentages appy when doing a loan modification? How low should I expect the mortgage company Permalink -- click for full blog post "Debt To Income Ratio And Loan Modification" Loan Restructure And Adding Names To The MortgageIf i need to add my wife's name on a loan modification for extra income does her name get add to the mortgage loan. (See Vladimir's earlier question on Permalink -- click for full blog post "Loan Restructure And Adding Names To The Mortgage" Loan Restructure And Adding To Household Income To Qualify For Loan ModificationIf I need to add my wife's income to qualify for a loan modification does her name get add to the mortgage loan contract as part of the loan modification Can I Modify Mortgages On A Primary Residence And 3 Rentals All With PNC?My primary residence is worth 700k with a 290k note, 30 yr fixed , and 3 rental properties with negative cash flow, 30 year fixed notes, all 1st mortgages Bank Of America Trial Loan Modification Offered But Payments IncreasedThe terms seem to be from Bank of America loan modification program that all monies in arrears were just added to the unpaid principal balance and my interest I Responded To The Foreclosure Court Summons - Can The Mortgage Company Make Us Leave Our Home?I was served papers regarding mortgage foreclosure on our home. I had 21 days to respond to the court summons and I did so. Yesterday a man called from Mortgage Foreclosure On Rental Properties And Tax RamificationsIf a rental property I own gets foreclosed, do I have to claim anything on my tax return for that year? I live in WI and the house is in IL. Mortgage Received My Making Home Affordable Modification Agreement From Chase BankIn the Loan Modification Agreement contract it states that Chase Bank has nominated a private company to monitor and collect my personal information (account Indymac Bank Wants A Profit And Loss Statement More Recent Than Last MonthIndyMac Bank keeps faxing me stating that my P&L statement is not recent enough but it was for Jan - March of 2010? Please help Aloha, Lotus Golden Length Of Loan Modification TermWhat is the length of term Lenders are required to give you in regards to length of repayment? Mortgage Loan Modification Answer:by Loan Modification Permalink -- click for full blog post "Length Of Loan Modification Term" Citi Bank Said I Qualify For Loan Modification, Can I Ask For Reduced Interest Rate?Citi Bank has the mortgage on my home. The value of the property is about $400,000 and the balance is about $216,000. I missed the last payment only and Should I Stop Paying My BOA Mortgage If Turned Down By Bank Of America for Loan Modification?Recently (4/13/2010), I sent in a reply to a letter sent by BOA in Dec 2009, regarding home loan help. In the letter, I explained I would be losing my Is Chase Just Wasting My Time? PART 3Thank you for your responses so far. You said to include the name, email and phone number of the Chase Loss Mitigation Officer assigned to my case. All Permalink -- click for full blog post "Is Chase Just Wasting My Time? PART 3" Is Chase Just Wasting My Time? Or Can I Modify My Loan? PART 2I realize I did not provide enough information to help you help me. The loan is held by Fannie Mae. I don't think it's an FHA or VA loan since I don't Re-hired By Employer During Trial Loan Modification With Chase. How Will This Affect The Trial Offer?Chase offered a Trial Modification Plan near the end of Nov 2010, after my husband had been out of work for nearly two months. At the end of Dec 2010, Is Chase Just Wasting My Time? Or Can I Modify My Loan?I originally sent all requested information to Chase in October 2009. After 5 months of resending paycheck stubs, bank information and re-signing the request Permalink -- click for full blog post "Is Chase Just Wasting My Time? Or Can I Modify My Loan?" Can You Modify Loan On A Mobile Home Under HAMP?Does a mobile home qualify for the Obama loan modification program? Mortgage Loan Modification Answer: by Loan Modification Expert - Dan North If a manufactured Permalink -- click for full blog post "Can You Modify Loan On A Mobile Home Under HAMP?" Chase Loan Modification Agreement Increases My Payment By $1300I am confused and angry. My wife and I entered A chase Loan Modification Program in August 2009. We had never been late with a mortgage payment but due Chase Home Finance Trial Loan Modification Never Ends - Will They Ever Approve a Permanent Loan Modification?I entered into a 3 Month trial loan modification 06/2009 with Chase Home Finance. I also submitted all the requested documentation and received verification Can I Rent My Home Out After A Making Home Affordable Loan ModificationI have been approved for a making home affordable loan modification. I may have to relocate in a few months for business purposes. If I decide to rent How Can We Find Out If We Are Elligible To Lower Our Monthly Mortgage PaymentI appreciated reading some of your articles, very informative and easy for the non-banking person to understand, thank you. Could you please email me I Requested Loan Modification But Chase Increased My Monthly PaymentI have been in touch with Chase for the last seven months. Chase has offered a trial period payment for three months however the trial period payment Is This A Government Loan Modification Or An Alternative Loan Modification From Our Lender?Our lender told us we qualified for a Government Loan Modification. They lowered our loan 70,000 dollars, but we had to agree to pay 2300.00 a month for Hardship Loan ModificationPrequalify for hardship loan modification even if you do not qualify for the Government Making Home Affordable Modification Program. You may qualify for FasTrac Hardship Loan Modifications Permalink -- click for full blog post "Hardship Loan Modification" When Should I Stop Trying To Modify My Loan With Wells Fargo?I have been in two trial loan modification periods so far trying to get a mortgage modification from Wells Fargo. Mad medical problems from me and my Starting A Trial Loan Modification With Chase Bank On An Upside Down MortgageI just filled out the paper work for a loan modification with Chase Bank. I am also now on a 90 day trial period with a lower monthly mortgage payment. Can Chase Still Foreclose While In A Trial Modification?OR Can Chase Foreclose Instead Of Modifying My Loan? If a trial loan modification is not approved as permanent at the end of the trial modification period: Permalink -- click for full blog post "Can Chase Still Foreclose While In A Trial Modification?" Mortgage Loan Modification - Real Answers to Real Questions on Loan ModificationGet real answers to the real questions on loan modification, mortgage modification, government help with mortgage and mortgage foreclosure questions. Can I get a loan modification to save my home? Trial Loan Modification Period What An Owner Cannot DoWhat if a homeowner buys another property before going into a 3 month loan modification on another property? What is the chances of being approved for Permalink -- click for full blog post "Trial Loan Modification Period What An Owner Cannot Do " Refinancing After A loan ModificationIf I do a loan modification, can I refinance later on or will it be a problem. Mortgage Loan Modification Answer: To Refinance or Modify Loanby Loan Permalink -- click for full blog post "Refinancing After A loan Modification" Extending The Length Of My Home Mortgage LoanIn a nutshell my husband became disabled with Multiple Sclerosis and we were all of a sudden down to just my income. We fell behind in our mortgage payments Permalink -- click for full blog post "Extending The Length Of My Home Mortgage Loan" How To Do Your Own Loan Modification
How To Do Your Own Loan Modification
There are a lot of DIY Loan Modification Guides and ebooks on the market. Most are not worth the memory space they are recorded on. I used to read them all until I got fed up with the garbage. Most were just re-writes of someone else's ebook. Some how at the end of it all you it never answered the question "What do I do now to save my home?"
This Guide Is The Exception To The RuleOccasionally I come across a product I think is good. The 60-minute Loan Modification is that product and will walk you through the loan modification process from start to finish.
Real Insider Advice On Negotiating A Loan Modification I have been doing Loan Modifications for a while now and I know that the first offer from the lender rarely is a good deal. It is almost an iron clad Loan Modification Insider Rule No. 1 "Never take the first lender offer." Mike Rockwood knows what he is talking about and his guide 60-minute Loan Modification is the first time I have seen real insider advice on negotiating with your lender. Mike even includes phone recordings of negotiations with lenders as well as 60 days of coaching so you get the best loan modification possible.
Get Walked Through Your Loan Modification From Start To FinishI am not kidding when I say this guide will walk you through the entire loan modification process from start to finish. This guide is worth every penny you spend on it.
Everything You Need To Do Your Own Loan ModificationIf you plan on doing your own loan modification this is the guide that you want to have at your side to get the loan modification that you need. Everything you need is supplied plus 60 days of coaching and the priceless lender negotiation recordings so you find out exactly what to say to your lender when their offer is a joke. (These recordings are worth more than the entire cost of the guide, it took me years to learn everything that Mike is laying out for you here.) I will not go into all the details, see for yourself go to 60-minute Loan Modification and decide for yourself. My advice: If you are going to do your own loan modification 60-minute Loan Modification is the guide to have. After you buy, read and submit your loan modification, let me know if you agree with me. Loss MitigationInformation you need on - what is loss mitigation, what is the loan loss mitigation process and ways you can benefit from the process. Permalink -- click for full blog post "Loss Mitigation" Can I Lower My Modified Loan Payment By Getting Cheaper Insurance And Lowering My Property TaxIf I find homeowners insurance that costs less than my current insurance company, will the modified amount that I pay go down or will it remain the same? Payments and Grace Periods After Loan ModificationAfter your loan modification is approved and you have been sent back the signed Mortgage Loan Modification Agreement, what happens to the grace period? Permalink -- click for full blog post "Payments and Grace Periods After Loan Modification" Calculation of Gross Income If Self EmployedWe were offered a Permanent Loan Modification, however the monthly payment is 40% higher than the trial payment with no explanation. I have feed back Permalink -- click for full blog post "Calculation of Gross Income If Self Employed"
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