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Answers (10)
Best Answer
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
Kelly,
You can do this yourself. Too many horror stories about Loan Mod Firms. Read the first few theads on Mortgage Advice, Consumer Affairs. com , FannieMae etc. If you are persistant you will do OK. ... Good luck, Rudi
You can do this yourself. Too many horror stories about Loan Mod Firms. Read the first few theads on Mortgage Advice, Consumer Affairs. com , FannieMae etc. If you are persistant you will do OK. ... Good luck, Rudi
- sunnyview
- Contributions:25127
Thumbs up for you Neitzen! It is so nice to read a self help success story.
- Netizen
- Contributions:33
I did this myself, starting in March 2009. My loan modification under Making Homes Affordable (through my lender Fannie Mae and Wells Fargo) was approved in late September. I will make my first trial payment (of a total 3 trial payments) on November 1. After my third trial payment on January 1, 2010, I must submit all my paperwork (including proof of income) again. If I pass the evaluation of my paperwork, my home modification will remain permanent.
The bank informed me the loan remains 30 year fixed, the interest rate is reduced from 6.25% to 2 point something percent, and the interest rate will go no higher than 4 point something percent. My monthly payment was reduced by approximately thirty percent.
I accomplished all this myself without any help from an attorney or so-called loan modification expert. A friend used an attorney and paid three thousand dollars, starting the process about the time I did, and they still have not heard anything. That makes me glad I did not use an attorney! They think no news is good news, but I have a bad feeling about their attorney's silence.
- sunnyview
- Contributions:25127
I am NOT happy that you are posting spam. Zillow's no promotion policy is posted here. Your testimonial of how your loan modification "saved my marriage, house, vehicles, credit" is unwelcome puffery that belongs somewhere else. Calling upon God in an effort to support your business dealings also rubs me the wrong way. You should be able to stand on your own merit.
- Jeff Luther, "LModificationAnalyst"
- Contributions:21
Loan Modifications.......
IF YOU are not happy, or desire a new monthly payment, simply READ ON with no obligation, (if anything, I will expound on a topic that a lot of people don't know enough about,)(Which of course the banks want to keep it that way!!) as to what is truly available for YOU, if you have, or are, or will be, suffering a hardship,(Cut Hours, a wage earner in the household lost job, Unexpected large or even small Medical Bills, etc.)
EVERY Case is so different, but I WILL see if you DO Qualify for NO Charge, in fact the PROTOCOL is this: Contact me: Jeffrey Luther, federaloansavers@gmail.com, The company website is www.fedls.com/results.html, I am a Supervising Agent and am the only agent running the "Employee Pricing", 1/5th the cost of a advantageous REFINANCE AND Credit is NOT a factor people, for FASTEST service send me a direct email or just fill out the contact request form on the corporate website, just MAKE SURE you enter my name and the administrative assistant will send your request to me.
This is all at no charge, all the way to the point of my attorney/legal team calling you and giving you the expected modification results.and THEN you authorize payment.... You have nothing to lose and everything to GAIN. Do not delay!! People....no one can afford NOT to do THIS!!! It takes 5 minutes to see if you are part of the 99% that qualify for one of the 20 DIFFERENT programs available....Don't be MISLED by your lenders evasion of these programs that you will qualify for, they will go so far as to honestly, flat out deny the availability, they ultimately HAVE to cooperate because the Govt. did not give them their bailout money to just spend as they wish, stipulations are involved and they must abide or get fined substantially and accordingly, (Uh, this is OUR MONEY) but I know from experience that they will NOT VOLUNTEER ANY INFO, that is why we will get you qualified with an unfortunate hardship, get THE best quality attorney representation for your battle with the loss mitigation department!!! Get a hold of me as there is even more that I can clear the air for you on, believe me..........because I retrieved a modification MYSELF and it saved my marriage, house, vehicles, credit, and most importantly my face in the line of complete devastation. It also paid for itself in the 1st 5 months as my monthly payment was lowered by OVER $800 A Month FOREVER!!!!! AGAIN, This is your life, let me help you, I feel very good when I get people the same feeling I had when my modification went through. God Bless.
IF YOU are not happy, or desire a new monthly payment, simply READ ON with no obligation, (if anything, I will expound on a topic that a lot of people don't know enough about,)(Which of course the banks want to keep it that way!!) as to what is truly available for YOU, if you have, or are, or will be, suffering a hardship,(Cut Hours, a wage earner in the household lost job, Unexpected large or even small Medical Bills, etc.)
EVERY Case is so different, but I WILL see if you DO Qualify for NO Charge, in fact the PROTOCOL is this: Contact me: Jeffrey Luther, federaloansavers@gmail.com, The company website is www.fedls.com/results.html, I am a Supervising Agent and am the only agent running the "Employee Pricing", 1/5th the cost of a advantageous REFINANCE AND Credit is NOT a factor people, for FASTEST service send me a direct email or just fill out the contact request form on the corporate website, just MAKE SURE you enter my name and the administrative assistant will send your request to me.
This is all at no charge, all the way to the point of my attorney/legal team calling you and giving you the expected modification results.and THEN you authorize payment.... You have nothing to lose and everything to GAIN. Do not delay!! People....no one can afford NOT to do THIS!!! It takes 5 minutes to see if you are part of the 99% that qualify for one of the 20 DIFFERENT programs available....Don't be MISLED by your lenders evasion of these programs that you will qualify for, they will go so far as to honestly, flat out deny the availability, they ultimately HAVE to cooperate because the Govt. did not give them their bailout money to just spend as they wish, stipulations are involved and they must abide or get fined substantially and accordingly, (Uh, this is OUR MONEY) but I know from experience that they will NOT VOLUNTEER ANY INFO, that is why we will get you qualified with an unfortunate hardship, get THE best quality attorney representation for your battle with the loss mitigation department!!! Get a hold of me as there is even more that I can clear the air for you on, believe me..........because I retrieved a modification MYSELF and it saved my marriage, house, vehicles, credit, and most importantly my face in the line of complete devastation. It also paid for itself in the 1st 5 months as my monthly payment was lowered by OVER $800 A Month FOREVER!!!!! AGAIN, This is your life, let me help you, I feel very good when I get people the same feeling I had when my modification went through. God Bless.
- Shawn Brown, "shawnbrown00"
- Contributions:10
You can try searching for mod companies online. There are several good ones I have worked with. Watch TV / check online / google their companies for complaints. The BBB is not a reliable source since you have to be in business for 2 years before they will give you a rating. (I know from experience). Check the State Bar if they are "Attorneys or Attorney Based" - The state released an opinion letter regarding "Attorney Based Loan Modifications" and it's quite fascinating, at the AG's website. I wouldn't believe any statistic I hear regarding mods "90% and higher seems unreasonable"
- W.J. Bradley Mortgage Capital, "serviceoriented"
- Contributions:42
You can do it yourself. However, if the finance worksheet is not what your lender is looking for you will not qualify. In addition, you need to be aware of what is currenlty being offered by your lender. Many of my clients who have done it on their own did not have this knowledge or negotiation skills to get what is possible. Many have recieved terms that were not as beneficial. It's not to pursuade you but to rather state that if you have the time to do it yourself then educate yourself before moving forward. Do not accept a forebearance or a 5 year term. best regards JT
- Chuck Chrobak, "Chuck Chrobak"
- Contributions:40
- Sue Vycital, "Suevy"
- Contributions:8
You don't need attorneys in some states and some you do but most of the time you can do them yourself or have a broker help you for a minimum amount of money for their time. I will be glad to give you the best help I can.
[content removed by moderator for being self promotional]
[content removed by moderator for being self promotional]
- Marcelo Hernandez, "pacific mortgage srv"
- Contributions:180
the success rate is directly proportional to the unfront fee.
Does anyone know the success rate with Loan Modifications via Attorneys?
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- 0.0/5.0
- (no reviews)
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