Category Archives: Loan Modification

No More Messing Around

If you are behind in your payments and you live in California, you better contact your bank and discuss your options and you need to do so quickly.  In all likelihood you’ll need to hire a Realtor to get your … Continue reading

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Finally A Step In The Right Direction

As many of you may recall I sent an open letter to the President last month begging for a refinance relief plan for underwater, but current borrowers.  Yesterday the Federal Housing Finance Agency (FHFA) announced changes to the ineffectual HARP … Continue reading

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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.

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 work with you.  I recently was asked by a Wells Fargo negotiator … Continue reading

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