Property & Loan Information Property State Please Select Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming Approx Property Value Please Select $0 - $99,999 $100,000 - $124,999 $125,000 - $149,999 $150,000 - $174,999 $175,000 - $199,999 $200,000 - $224,999 $225,000 - $249,999 $250,000 - $274,999 $275,000 - $299,999 $300,000 - $324,999 $325,000 - $349,999 $350,000 - $374,999 $375,000 - $399,999 $400,000 - $424,999 $425,000 - $449,999 $450,000 - $474,999 $475,000 - $499,999 $500,000 - $524,999 $525,000 - $549,999 $550,000 - $574,999 $575,000 - $599,999 $600,000 - $624,999 $625,000 - $649,999 $650,000 - $674,999 $675,000 - $699,999 $700,000 - $724,999 $725,000 - $749,999 $750,000 - $774,999 $775,000 - $799,999 $800,000 - $824,999 $825,000 - $849,999 $850,000 - $874,999 $875,000 - $899,999 $900,000 - $924,999 $925,000 - $949,999 $950,000 - $974,999 $975,000 - $999,999 over $1,000,000 Mortgage Payment Status Select Current 1 Month Late 2 Months Late 3+ Months Late Total Loan Balance Please Select $0 - $99,999 $100,000 - $124,999 $125,000 - $149,999 $150,000 - $174,999 $175,000 - $199,999 $200,000 - $224,999 $225,000 - $249,999 $250,000 - $274,999 $275,000 - $299,999 $300,000 - $324,999 $325,000 - $349,999 $350,000 - $374,999 $375,000 - $399,999 $400,000 - $424,999 $425,000 - $449,999 $450,000 - $474,999 $475,000 - $499,999 $500,000 - $524,999 $525,000 - $549,999 $550,000 - $574,999 $575,000 - $599,999 $600,000 - $624,999 $625,000 - $649,999 $650,000 - $674,999 $675,000 - $699,999 $700,000 - $724,999 $725,000 - $749,999 $750,000 - $774,999 $775,000 - $799,999 $800,000 - $824,999 $825,000 - $849,999 $850,000 - $874,999 $875,000 - $899,999 $900,000 - $924,999 $925,000 - $949,999 $950,000 - $974,999 $975,000 - $999,999 over $1,000,000 Who is Your Lender Monthly Income Please Select less than 1000 1001 - 2000 2001 - 4000 4001 - 5000 5001 - 8000 8001 - 10000 over 10000 Are you experiencing financial hardship? Please Select Adjustable Mortgage Rate Reset Loss of Job Reduced Income Failed Business Job Relocation Divorce Death of Spouse or Co-Borrower Illness Incarceration Military Duty Medical Bills ---------- Other None Fixed/Adjustable Loan -- Select -- Fixed Adjustable Contact Information First Name Last Name Primary Phone Email Past Due on Credit Cards? Current 30 days 60 days Over 60 days Unsecured Debt Select $0 - $4,999 $5000 - $7,499 $7500 - $9,999 $10,000 - $14,999 $15,000 - $19,999 $20,000 - $29,999 $30,000 - $39,999 $40,000 - $49,999 $50,000 - $59,999 $60,000 - $69,999 $70,000 - $79,999 $80,000 - $89,999 $90,000 - $99,999 $100,000+ Related Keywords: loan modification, loan modifications, mortgage loan modification, foreclosure, modification, loan modification companies, home loan modification Elderly Foreclosure: 'It's Just Total Chaos' 05 Apr 2011 Elderly Foreclosure: 'It's Just Total Chaos' They seem to not care. 0 Comment   How to avoid loan modification schemers Ask A question As homeowners across the state continue to struggle with mortgage payments, chances are there are scammers promising them false financial relief. Officials at the California Department of Real Estate - who have handled thousands of loan-modification complaints since late 2008 - have issued an alert about mortgage fraudsters in hopes of deterring more schemes. Loan  modifications are permanent changes in loan terms, such as the reduction of interest rates, that would make monthly payments more affordable. "The alerts go out when we're trying to get ahead of the curve on something," said agency spokesman Tom Pool. Some tips to keep in mind when considering a loan modification: -- Upfront fees for loan modification services may be illegal in your state. The same goes for fees for short sales, deed-in-lieus of foreclosure and mortgage-relief services. Services must be rendered before payment can be accepted by companies in most states and must be by appropriately licensed companies/invdividuals in good standing. Always read the contract, or seek an experienced attorney who has a proven track record when working with loan modificatons. --Be wary of people or companies who guarantee success. --Be cautious of testimonials that seem too good to be true. --Verify records of real estate license holders and check for any disciplinary actions. (Here are some online resources for California.). --Use the Internet as a research tool. --Contact a counseling agency that's approved by HUD. (List of offices.) Here's a more comprehensive list of warnings on the department's site. Portions of this article are by Lily Leung © Copyright 2011 The San Diego Union-Tribune, LLC. Monday, March 28, 2011 0 Comment   Comment   No Comment Found! Post a Comment   Name: Email: Comment:

If you need help understanding your option of taking advantage of the home loan modification process, the help is available to you everywhere. The process is quite tricky and it is highly recommended that you do indeed seek legal advice before signing on the dotted line, in order receive the most efficient and cost-effective modification to your mortgage payment.

Where do I get Advice
There is advice all over the web on how to receive a loan modification; some of this advice is quite helpful, while some is quite dreadful. There is also the opportunity to hire a professional service that will help you go through the paperwork and work with the lender to help you get all the benefits that you deserve, due to a hardship. Loan modification is a process that must be understood completely and thoroughly. This article can actually offer you an insight on the process of loan modification and tips that will better help you as a homeowner save your home from the risk of a foreclosure.

Loan Modification Advice
First and foremost, it is important to determine if you are eligible for a loan modification. This requires writing a letter of hardship explaining to the lender what exactly the reason is for your late payments and the fact that you are unable to pay your mortgage. Doing a loan modification on your own requires more than just advice. Becoming educated about the process is more important. This is perhaps a good reason to hire a professional loan modification company to take part in the process. They will handle everything for you, while educating you in the progression. There is a fee charged for hiring these companies, but in turn your mortgage payment can be lowered quite a bit and professionals can even find things in your original loan papers that may prove that the lender may have broken the law during your original mortgage signing.

If you do choose to take the big leap of the loan modification process on your own, you must first contact the lender and they will lead you to the correct department, normally the loss mitigation department. You may not want to directly say that you are in the process foreclosure. We do not want the lender to think your situation is not worth their time before hearing you out. Always document anything relating to the loan modification process, every phone call and any other information you may receive during the process must be documented. Always discuss every option available with your lender, so that you may come up with the best alternative for you. It is true you will save money going directly through your lender and let’s face it, you are struggling already trying to make your payments, but professional assistance can help immensely.

No matter what direction you decide to take, loan modification will be what determines the amount of time you have in your home. If you are eligible you should act as soon as possible.

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