Category Archives: Loan Modification

How To Get A Loan Mod Approved Part 4: Foreclosure and Mod Offers

Part 4: Foreclosure and mod offers. Your loan mod appears like you’re making some progress and you are actually starting to get a hopeful.  At the same time, you’ve got that gnawing feeling that the bank may not get you … Continue reading

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How To Get A Loan Mod Approved Part 3: Keeping The Pressure On

Part 3: Keeping the Pressure On After you’ve gone through the initial collection of your data, submitted all the paperwork and started your conversations, what happens now?  You call and follow up.  In the beginning you’ll probably follow up once … Continue reading

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How To Get A Loan Mod Approved Part 2: What Now?

Part 2: What Now? Now that you’ve assembled everything, and when I say everything, I’m talking a couple hundred pages everything, you are ready to fax the paperwork in.  You’ve numbered the pages and created your table of contents.  So … Continue reading

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How To Get A Loan Mod Approved Part 1: Getting Started.

This is  updated from the original series first published in September 2011. Part 1: Getting Started Stop paying on your loan (no I can’t say that even though it’s true).  If you are current the bank has no incentive to … Continue reading

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Dear Abby I’m Not…

The following is an excerpt from a recent experience… Dear Tim, We need to speak with you about our situation.  My husband has lost his job after having his income decline over the past several years.  To stay afloat, we’ve … Continue reading

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I’m Mad As Hell And I’m Just Not Going To Take It Anymore

Peter Finch in Network, remember? Well I’m glad that’s over.  What?  Didn’t you hear?  The banks are settling the foreclosure debacle for $25 billion… that’s billion with a ‘B.’  I guess that means it’s all behind us now.  The banks … Continue reading

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The Short Sale Effect vs. The Short Sale Dilemma

Selling short sale properties is a reality most Realtors have come to accept.  This past week I received an offer on a short sale listing, where my seller had already tried to modify their loan but had been declined.  In … Continue reading

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