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| Loan Modification Made Simple: An Insider Guide to Understanding Loan Modification And Preventing Foreclosure |
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| Manufacturer: Wordclay |
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| List Price: $39.95 |
| Sale Price: $35.95 |
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Product Description |
| Loan Modification Made Simple An Insider Guide to Understanding 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 * The Banks Reaction during the Foreclosure Process Section 3: How to Modify My Loan * What are Loss Mitigation / Home Retention Departments? * The Proper Way to Deal with Your Loss Mitigation Department (extremely important!!) * Step by Step Procedure on to How to Successfully Negotiate Your Own Loan Modification * Hardship/Hardship Letter * What Banks are looking for to Grant a Loan Modification Section 4: Breaking Down Modification Companies * When a Homeowner should Contact a Modification Company * Difference between an Attorney Based Modification and a Non-Attorney Based Company * Difference between Attorney Based Modification Companies and Law Offices * Avoiding Scam Artists Section 5: California Governor Arnold Schwarzenegger's Answer to the California Housing Crisis * California's Loan Modification legislation Section 6: Finalizing and Submitting Your Modification Proposal * Putting the Loan Modification Proposal Together and Submitting * Developing a Loan Modification Proposal * Example Loan Modification Proposal * If a Principal Balance Reduction is Denied * Loan Modification Income and Expense Worksheet * Proper Loan Modification Cover Letter Section 7: Forms * Explanation of How to Properly Fill Out Forms * Loss Mitigation Fax Cover Sheet * Example Cover Letter * Loan Modification Proposal * Real Estate Cash Flow Worksheet * Dynamic Expense Worksheet * Dynamic Income Worksheet with Disposable Income Calculation * Example Hardship Letter * Example List of Hardships Section 8: Pertinent Modification Terms * Glossary |
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Customer Reviews |
Great Step By Step Guide
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| Review Date: February 17, 2009 |
| Reviewer: J. Dumpit, |
| 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! |
Not Much for you Money
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| Review Date: February 13, 2009 |
| Reviewer: M. Geurts, California |
| This book is about 30 pages long with large print...for $40 you're expecting a whole lot more. Don't waste your time. |
Very helpful
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| Review Date: February 8, 2009 |
| Reviewer: L. Rose, Palm Beach Gardens, FL United States |
| 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. |
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