We'll show you how to get a Loan Modification -- just read our entire story here!

Have you thought about refinancing to counter your adjustable rate mortage, but don't have the income, or have too much debt, or don't have enough  equity due to drop in home values?  Then perhaps you should consider a loan modification.  Lenders should and will consider loan modifications especially if (1) a homeowner has made timely mortgage payments; (2) are also current; and (3) have had a loss in income or are on a fixed income (eg. retirees ordisabled individuals).   As proof, we just successfully obtained a loan modification for a couple who had refinanced their home two years ago due to a disability.  They couldn't qualify for refinancing again due to drop in property values and debt to income ratios.  They had no idea what to do and had almost considered filing bankruptcy since their mortgage ARM was about to reset in January of 2008.

 So after a consultation with the elderly couple, and then completing and submitting a loan modification packet we were able to over a two month period successfully negotiate with their lender a 30 year fixed rate mortgage in which their interest rate dropped from 9.45% to a 7.45%.   It did take many calls and some strong negotiations to convince the lender to not put them in a forbearance plan first, but to immediately go into a loan modification.   We contended that the homeowner had proven their ability to pay by being on time with their mortgage payments over a two-year period.

 If you try to obtain a loan modification for yourself, know too that one needs to get into the loss mitigation department and not the collection department or find someone who has the authority to make intelligent key decisions that benefit the investor of the loan.   It is certainly true that the homeowner and lender both should not have accepted or allowed the initial loan with the ARM considering the buyer's financial circumstances, but I feel that a home was saved and know that the investor benefitted as well.   In addition, the homebuyer did not have to pay the high costs in having to refinance.

If you are interested in learning how to do a loan modification for yourself, you need to call our office at 1 800 826-1929 and ask not only your "BIGGEST QUESTION" regarding loss mitigation or foreclosure, but also ask for our homeowner's Foreclosure "Survival Kit."   If you prefer, you may also request a Foreclosure "Survival Kit" by sending a money order for $25.00 to the following address:

Foreclosure Prevention Institute, LLC, 956 Innes St. NE, Grand Rapids, MI  49503 or visit our website http//www.foreclosureinfo.bravehost.com.   We also accept credit cards.   With the purchase of the Foreclosure "Survival Kit," a free consultation is also provided.  We can coach as well.   Our Foreclosure "Survival Kit" is what we use when we negotiate with the lenders and can be used in any of the United States.   This should give hope to many homeowner's who are facing similar financial difficulties.   Call us today -- time is of the essence!  1 800 826-1929.