Loan Modification Help Center – Can a Loan Modification Save Your …
Here is a new Post at Loan Modification Help Center – Can a Loan Modification Save Your ….
Loan modifications are a way to avoid foreclosure, and a California loan modification attorney can help you stay in your home for a very long time. A loan modification is a renegotiation of your home mortgage loan where you and the …
Here is a response on similar topic:-
I need a Loan Modification to save my home. Does anyone know an honest Attorney or Company to use?
Be careful. There are a lot of scammers out there. First thing to do is visit www.makinghomesaffordable.gov. This is run by the government and will outline the process and let you know if you qualify.
Not everyone is eligible for a mortgage loan modification. Loan modifications are designed to help people who can stay in their homes with moderate changes in their financing structure. It is not supposed to be a cure all for all troubled mortgages. Basically there are 5 requirements to qualify for a loan modification. They are:
1. The home needs to be your primary residence;
2. Your mortgage must be less than $729,750;
3. You’re having trouble making your existing mortgage payment;
4. Your mortgage was established before January 1, 2009; and
5. Your payment on your first mortgage (including principal, interest, taxes, insurance and homeowner’s association dues) are more than 31% of your current gross income.You don’t need to pay a company to obtain a loan modification. However, sometimes it can be better to have someone, such as a lawyer or credit counselor, negotiate on your behalf. If you qualify, talk to as many experts as you can prior to contacting your bank. Many of these services will give you a free consultation. A good site I used was www.credit-hub.net/loan-modification where I entered some details about my current mortgage and the company got back to me multiple loan modification proposals. I ended up contacting the bank by myself, but knowing what was possible in advance helped me tremendously.
FYI, here is a list of recently published Posts on same topic:-
Taxes on Short Sale, Loan Modification & Mortgage Foreclosure 8 Nov08 Qualified CPA & Attorney
Mortgage Modification in Chapter 13 Bankruptcy
Loan Modification Help Center – Can a Loan Modification Save Your Marriage
Your Guide into loan modification
Loan modification industry insider comments on Green Credit
I though that might be of interest 
Here is a news article on related topic:-
AG turns heat up on loan modification scammers
Attorney General John Kroger said his Financial Fraud and Consumer Protection Unit has “opened more than half a dozen investigations” into loan modification …
To obtain loan modification approval, get yourself acquainted with all the new guidelines and regulations for organizing a new loan mod in you area and for your specific lender through the assistance of a professional who is proficient in processing successful mortgage loan modification applications. Don”t forget to get all the mandatory forms ready ahead of presenting the application to your lender .
To secure loan modification approval, become acquainted with all the new laws and regulations for arranging a new loan mod in you area and for your particular financial institution with the aid of a professional who is proficient in processing successful mortgage loan modification applications. Don”t also overlook to get all the requested paperwork prepared before submitting the application to your mortgage lender .