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Loan Modification

How It Works

A loan workout or loan modification is an agreement that is negotiated with your current lender that changes the terms of your current loan. Because of the mortgage crisis, Lenders are willing to negotiate a loan modification if a borrower is facing financial difficulties and can't obtain other financing alternatives. You must show the lender why it would be in the lender's best interest to agree to a workout arrangement. If convinced, a lender may be willing to reduce the loan interest rate, reduce monthly payment amounts or change other loan terms.

A loan modification generally occurs where the parties to a problem loan mutually agree to workout the problem by creating new and better loan terms. The hope is that the new loan will enable the borrower to meet their obligations.

When applying for a loan modification, make a game plan on how exactly you are going to approach your lender or bank. These people are trained in minimizing loss for the lender or bank and they get paid by getting the most amount of money out of you as possible or declare that your case is unworkable and foreclose on you. That is how they mitigate loss. If you understand this, then you'll know that you have to approach them and all conversations very carefully. Everything can and will be used against you.

Items You Will Need When Applying For a Loan Modification.

Our Bank Approved Modification Package includes the following:

a. Fax Cover sheet with your Banks Fax number, Phone numbers and address to the loss mitigation office handling loan modifications.
b. Loan Modification Request Letter.
c. Loan Modification Proposal
d. Detailed Monthly Expense Worksheet.
e. Detailed Monthly Income Worksheet
f. Your Personalized Hardship Letter.

After you click Pre-Qualify NOW and fill out the BANK READY Modification forms, you will be directed to a page to purchase your Bank Ready Loan Modification package. Upon Payment of $295 (there is a 100% Money Back Guarantee) you will be issued a Bank Ready Modification Package. All that is left to do is setup a consultation with our loan modification consultants to review your case and submit the Bank Ready Loan Modification documents using the bank information we have provided. You will submit your Modification Package via Fax or Direct mail.

After you purchase the Bank ReadyLoan Modification Documents, you will receive live help from our loan modification consultants covering...

1) Eligibility Review for your Loan Modification-(This determines if Money Back is necessary)

3) Explanation of the process- Step by Step

a. Submission Procedure
b. Follow Up Tips
c. Negotiation Tactics
d. Expected Wait Times

2) Discussion of all your potential options

a. Modification
b. Forbearance
c. Reinstatement- (Premium Package Only)
d. Short Sale- (Premium Package Only)
e. Deed in Lieu of Foreclosure- (Premium Package Only)

4) Outline of your legal rights

a. Predatory Lending Violations
b. Your Right to Hire Attorney Assistance

5) Answering all your General Questions