Loan Modifications

Anybody involved in loan modifications?

One big difference the loan moad the home owner is keeping the house and modifiying the terms of the mortgage with the short sales the only adjustment is the amount the lender is receiving is short of the full amount of the loan balance.

Your spelling is fine as long as we can get the message. The whole loan modification business is interesting. I had a call a few weeks ago and a homeowner who was unemployed decided they were getting into the loan modification business. They had no experience but they had did there own and figured they could charge $2500 a pop to help other people.

check this out. Find out if your mortgage contains violations and use it as leverage.

Obtain your Forensic Loan Audit today and find out if your loan contains VIOLATIONS!

NFCE's forensic loan audit is the most comprehensive analysis in the industry. We search all documents and correspondence for constructive fraud, fraud and negligent misrepresentation, excessive fees, breach of contract and more. Applying the law and regulations at the time the mortgage was signed, we verify compliance with:

* Truth in Lending Act (TILA)
* Real Estate Settlement Procedures Act (RESPA)
* Equal Credit Opportunity Act (ECOA)
* Home Ownership Equity Protection Act (HOEPA)
* and more...

You may be a victim of Predatory Lending. An NFCE Forensic Loan Audit is a basis of gaining valuable leverage in a Mortgage Modification negotiation with your lender. Your audit may reveal various Federal and State violations or errors in your original loan documents. ANY violation may allow you to lower your mortgage payment!

For more information on how to obtain your Forensic Loan Audit, call NFCE at 866-826-7334 or visit us at

The Complete Loan Modification Guide gives you step by step instructions:
Do you qualify for a Loan Modification?
Which modification option is best for you?
Insider Tips on how to negotiate with your lender
How to get the right person on the phone
The #1 thing Lenders want to know
All the required forms and how to complete them

If you are applying for a loan modification, chances are good that you could not be refinanced by a financial institution. The natural progression would be refinance, and if that fails then a loan modification would follow. Not to plug my site, but my site has a lot of great tips for getting a mortgage loan modification, we handles modifications regularly. Anyhow, if you are looking for a loan modification do your home work first. The good think about a loan modification is that you do not have to have good credit. If you do get approved for your mortgage to be modified, just make sure that your save all of the money you can from getting a lower payment, or atleast most of the money from getting a lower payment. I have seen a lot of borrowers get approved for a trial loan modification with a lower payment, and they pay for a 3 to 6mths and the bank comes back and said that you did not qualify after all; and all of the regular payment amount that was not paid will have to be paid or face foreclosure. Just a word of wisdom from an expert in this field, make sure you save most of the difference if your mortgage was modified, save the between the old and new mortgage payment if you can so that you do not regret using the money elsewhere in case the bank changes their mind for whatever reason a few months into the trial loan modification.