After months of struggling to get a modification, the company I paid was getting nowhere. They finally gave up and sent me a letter saying so. That was when I turned to a realtor friend of mine who told me in the beginning to save my $1200 and go with The National Loan Modification Conference’s DIY Kit. He said that he has sent about 100 clients to them and every last one was able to get a loan mod on their own with just a little bit of guidance from using the National Loan Modification Conference’s DIY Kit. So I said, “What the hell, what have I got to lose at this point?” So I went to their website found here diy loan modification

I watched their video on the main page and read their testimonies. I must say right from the beginning I felt I could relate to what others had said. I also noticed something special about the National Loan Modification Conference’s DIY Kit from their video. They actually give the exact same program the lenders are using to you, and they train you on how to use it. I tried searching around the net a bit to see if I could find the same program and couldn’t. They seemed to be the only ones who had it. So I bought the kit which was very reasonably priced at only $99. I logged on and was taken back by all the information at my disposal. They provided all the bank guidelines on every program possible. Even programs I had never even heard of. Their training videos were very helpful as well.

So I got started. What surprised me was by day 7 in the process I get an email telling me that I should have already done a bunch of things by now and to call my lender to check up. What was even more impressive was the fact that they provided exactly what to say. Talk doing it yourself but not by yourself!
So after following the step by step instructions by month 2 I had a package delivered to my door. What was inside…my trial plan. By month 6 I received another package. What was inside this time…my completed loan modification!

Needless to say, I now recommend the National Loan Modification Conference’s DIY Kit to anybody trying to get a loan modification. As a matter of fact, you have to be a complete fool to not use this KIT when trying to get a loan modification. Again for those interested you can find the kit here diy loan modification

I know if you follow the steps you will have the same success as I did.

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Don’t Join the Panic Crowd
I know it’s pretty bad for lots of individuals financially nowadays, but I think too numerous people today rush to judgment and chose alternatives to saving their houses that are simply not viable. Losing a home is not something to take likely, but doing things like declaring bankruptcy when faced with foreclosures is not quite useful.

The Obama led initiative to positive up the finances of millions of people have given a lifeline to anyone who is facing foreclosure. This is why I can’t see for the life of me why men and women panic. I’m genuinely glad you are reading this because I know you may at least have some knowledge from the sort of support that’s out there.

Just What is a Modifying Financial loan?
Modifying personal loan is just a fancy way of saying that your mortgage terms have been reworked. This ‘rework involves the adding of any missed payments into the life of the loan. The monthly repayment rates can also be adjusted to fit your current financial circumstances. Depending also on the life with the bank loan, an extension on the overall life of your loan can be arranged. The net effect of getting a modifying financial loan is that you get to maintain your residence and a new a lot more manageable payment plan is put in place.

For those who must end foreclosures, getting a bank loan modification could not be much easier. Actually, if the foreclosure approach is already underway, you could possibly be quick tracked and qualification is even easier. You may possibly be thinking this is ‘too easy’ but the thing to bear in mind is that these sorts of loans were designed for those who are faced with losing their households.

The process of accessing 1 of these loans is also really easy. Most financial loan modification firms may be found online. The great ones charge you nothing for a consultation and in most cases just supplying a valid email address and phone number is enough to get the ball rolling. These bank loan modification businesses are an simple alternative to conventional ‘face to face’ lenders as they have managed to streamline the lending process.

I hope you feel a lot more confident about saving your property. Believe me, it is literally as straightforward I have outlined above. Get your details in order, uncover a mortgage provider on the internet and it is possible to abolish the need to avoid foreclosures. Take action and you will be ok.

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Heralded as the new Housing Boom, Loan Modification, defined as “A course of action whereby a house owner’s mortgage is modified and the two loan provider and homeowner are bound by the new terms” has turn out to be pretty much a lot more a catch phrase than a term. To clear any preconceptions of Loan Modifications along with the Loss Mitigation Course of action, the outcomes are no panacea, but an amenable agreement in between borrower and financial institution with the ultimate objective of allowing or giving incentive for the borrower to remain inside the home whilst minimizing decline towards the Lender.

As in any Laissez-faire, free marketplace economic system, supply will rise to meet a given demand for a great or service. Over the duration with the last 3 months, through 500 “Loan Modification Companies” have filed for Incorporation throughout the United States, and countless others have opened their doors. There are compelling arguments on both sides for that legitimacy and usefulness of utilizing an lawyer group or settlement group to negotiate a modification, however, this article is one of a series of informational resources focused on clarification and understanding of Bank loan Adjustments, plus the Loss Mitigation Process, as nicely as how Loan Adjustments are achieved, with specific insight into Decline Mitigation as viewed from the borrower and loan company perspective.

Fundamentally, a Financial loan Modification, as previously stated is an amenable agreement among borrower and loan provider to avert reduction on the two sides. The economic ramifications of a successful negotiation for that borrower are clearly manifest is cases in which the borrower’s payments have been decreased by half, or $300,000+ of their bank loan balance has been reduced, or all past due arrears have been forgiven in combination with a drastically reduce payment. These circumstances are rare, but create strong client advocacy adding for the Personal loan Modification buzz. Usually, after a profitable modification, customers will no longer be unable to afford their residence, and will have a financial plan moving forward which will allow them to maintain the economic stability achieved via the lowering of their home loan payments. Most major Lenders are agreeing to Bank loan Modifications involving 4.25% and 5.125% for 30 year fixed terms, with exceptions made for customers depending on hardship or other mitigating factors on a situation by case basis.

From the Lender’s perspective, Bank loan Modifications ordinarily make sense. Case in point: A client owes $300,000 on his home loan, but his property is only worth $200,000. If the Financial institution have been forced to foreclose about the property, the Bank would instantly eliminate $100,000. Nationally, foreclosed-on properties are selling on normal 23% below marketplace value (Zillow), hence the Lender would most likely promote the house at $46,000 under-value. About the average $300,000 lien, the Bank will pay involving $35,000 to $45,000 in junk and legal fees (Bank of America)..! So total, if the Loan provider had been to foreclose to the property in this example, the Loan provider could drop $100,000 + $46,000 + $35,000 = $181,000 total. The Loan provider would in all likelihood lose $181,000 on a $300,000 lien. And considering foreclosures take an typical 6 months to promote in todays saturated true estate marketplace(Zillow), the Financial institution would be stuck having a depreciating asset, that they’ll reduce more than $181,000 on, for half a yr or longer. Lender’s have each and every motivation in most circumstances to efficiently negotiate a modification.

Each and each Financial institution is different, and to promote equality, establishes standards across the board for what loans they’ll or wont modify. In some circumstances, the Loan company, or Servicer, can not make the decision whether or not to modify the personal loan as it has been bundled in a mortgage security, and an investor currently holds the lien. Or in some scenarios, 1000′s of investors may hold a small portion of a home loan backed security (WSJ).

This is exactly where a good Damage Mitigation Firm can come into play, a Housing Counselor from the Department of Housing and Urban Development, or a Reduction Mitigation Specialist at the Bank. Understanding limitations on earnings or on hardship can be tough, and ultimately a Financial loan Modification is similar to walking a tight rope; Adequate hardship has to be shown to justify the modification, yet the borrower must show enough earnings to qualify for that new payment. A recent study found that only 23% of homeowners successfully negotiate adjustments on their own (USES), however that number is slowly increasing thanks in part to Obama’s Hope Now Program, as properly as greater incentives in recent legislation for Lenders to modify loans and save home owners.

The only exception to achieving a Personal loan Modification through the above process, known as a “hardship based modification” is through an independent Lawyer performing an objective Forensic Audit in the home finance loan file.

A detailed Forensic Mortgage loan Audit is designed to expose serious bank legal and non-compliance errors. Here’s what you need to know about the process: A documented audit of your home finance loan along with a complaint letter is sent to your loan provider(s) pointing out the possible non-compliance and/or violation of any and all applicable State or Federal Laws, the “Truth in Lending Act” (TILA), or the “Real Estate Settlement and Procedures Act” (RESPA).

How does this assist achieve loan modification? Violations of RESPA, TILA, and other applicable legislation can carry hefty penalties towards the financial institution, and possibly force the loan provider to reimburse all illegal fees (if charged), all money paid into the personal loan to date, and can supply effective leverage against the lender to modify the loan to terrific terms, such as a reduced interest rate, a lessen payment, plus a reduction of your amount owed around the home finance loan (principle stability reduction)

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A loan modification is simply a modification to an present personal loan made by the latest financial institution in response to a borrower’s long-term lack of ability to repay the loan. Personal loan modifications generally involve a reduction inside the interest rate on the loan, an extension with the length in the phrase on the personal loan, a distinct sort of financial loan or any combination of your three.

Some customers confuse a financial loan modification having a forbearance agreement. These are two separate varieties of agreements. A financial loan modification is a extended time period permanent resolution for borrowers that show an inability to repay the present personal loan, where as, a forbearance agreement is short term relief for those suffering a temporary fiscal difficulty.

You will find 6 top rated reasons that a financial loan modification will operate for you. If any of these apply for your existing situation than you are a definite candidate for a mortgage modification. The 6 top reasons are as follows;

1. Inability to refinance on account of loss of equity, owing much more than your residence is worth

2. Inability to refinance resulting from lack of positive credit or late home loan payments

3. Rate currently adjusting or going to adjust

4. Do you may have a “Pick-A-Pay” or Minimum Payment Interest only Personal loan

5. Suffered a Economic hardship (job loss, spend reduction, medical bills, divorce, etc)

6. Currently Facing Foreclosure

If any in the above reasons apply to your present situation than you need to attempt a bank loan modification. It is possible to try it on your own, but I ought to caution you, only 20% of homeowner submitted mortgage modifications are successful. This is mostly as a result of home owners submitting incomplete personal loan modification packages.

Another reason for this lack of success is that the homeowner need to invest several hours navigating as a result of the mobile phone tree, re-telling their story around and above once again. This can be very discouraging on top rated in the reality that the home owner need to call during regular organization hours, generally 9am-6pm. Plus, it doesn’t get completed with one particular mobile phone call. There’s constant follow up involved and more than likely you’ll ought to send in info that you’ve already sent above and above once more.

Company’s like Michigan Mortgage loan Modification are able to navigate by way of this intricate system of cellphone trees and incompetent telephone jockeys with out emotion and get proper to the choice maker with speed and efficiency. And when the clock is ticking, which is exactly what is required.

They understand that when dealing with these complicated and frustrating financial matters, some householders may well be in search of a much more economical solution in the direction of solving this difficulty. With their DIY personal loan modification services, buyers receive a complete bank loan modification kit such as:

* a checklist of all needed paperwork your lender will need to have
* our field tested modification document set
* contact numbers for your servicers loss mitigation department
* a sample hardship letter
* detailed instructions
* and a ½ hour consultation with a personal loan modification specialist.

The cost for that DIY loan modification service is only $399. In case you select the DIY financial loan modification service and are unsuccessful, they’ll credit the complete price of that company ($399) in the direction of the total financial loan modification service and take around your file as when you purchased the complete service from the start!

For that Full Personal loan Modification Program, Michigan Property finance loan Modification charges a $500 upfront consulting fee and one month’s mortgage loan payment upon acceptance of the new personal loan modification. If, in your case, they ought to retain an lawyer, you will also must pay for your retainer, which ranges from $500 to $1,000(Clients are consulted prior to obtaining legal counsel). They’ve been in a position to successfully total 70% of their loan modifications without the need of retaining an lawyer.

Michigan Property finance loan Modification is not the cheapest, nor the most expensive. What they are is a professional results driven company dedicated to a single purpose. That objective is protecting the American dream of struggling household owners whom are hand cuffed in this turbulent and unpredictable housing market place.

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You can, having said that, modify the terms of your home loan in what is known as home loan modification in order to reduce the rates that you simply are having to pay in terms of interest, and in turn, lower your month to month payment so that it’s extra inexpensive. You can find government incentives for lenders who work with you to hold you out of foreclosure, and most lenders are willing to participate to be able to stop a residence from being foreclosed in a poor housing market.

How Can I Qualify?

The government mortgage modification is basic to qualify for. You ought to live within the home that the mortgage loan is written for, and you must be either behind on your payments or anticipate which you will likely be falling behind since of a economic hardship. You should be capable to prove a financial hardship and submit an affidavit of hardship to the loan provider. You ought to also be spending 31% or far more of one’s gross month to month earnings from all sources toward your home finance loan payment. This is determined by figuring your debt to earnings ratio. Your lender has the particular forms which can be required to be filled out to apply for home finance loan modification.

How Will Mortgage Modification Help?

When you modify your home finance loan, your financial institution will modify the phrases of your existing mortgage loan to a a lot more inexpensive rate, which might be as low as 2%. For those house owners who’re paying considerably extra than 2%, this modification can support them lower the quantity of cash that it costs to finance their mortgage, and this will in turn lessen the quantity of money that they pay every month on the home finance loan mortgage.

Modification can also extend the number of years that you just are having to pay for your mortgage, up to forty years, which may also aid to reduced the month to month payment that can retain you in your home. Additionally, your home loan might be modified from a variable charge home loan to a fixed fee, which means that the price of interest that you simply will be paying out in your home loan will not vary based on economic indexes, but will remain steady for the entire repayment period.

Are House loan Modification And House loan Refinancing The Same?

House loan modification and mortgage loan refinancing work in much the similar way, but they’re diverse. In mortgage modification, you are modifying the phrases of your home loan, not taking out another loan. House loan modification is perfect for those property owners who’re around the brink of losing their residence, and applying is less difficult and less costly than house loan refinancing.

How Do I Apply?

To apply for home loan modification, you may need to go to or call your existing loan company. The financial institution will have all of your paperwork that you need to get started with your mortgage loan mortgage modification, and might be able to answer additional questions that you just may have.

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Most presumably, you might be here owing to that fact you in truth have learned of House loan Bank loan Modifications, the potential they possess to assist approximately everybody, regardless if you’re behind or present in your property finance loan personal loan, as well as your possibly curious for further facts on Property Financial loan Modifications and loss mitigation practice.

My object by means of this write-up is to help you grow to be a Home loan Modification guru, so read on!

We’re going to explore the guiding principals initially:

What is a Mortgage loan Modification?

A Property finance loan Personal loan Modification is a permanent alteration in the stipulations of your respective existing loan as negotiated by you, the property owner and your mortgage loan holder.

Why on earth do I require a Financial loan Modification?

A Mortgage Modification can do a myriad of wonderful things for you. Primarily, optimal Property Personal loan Modifications decrease interest rates, and of course, reduced payments. You’ll find mortgagees all around the country saving hundreds of dollars each and every month simply because of Home Bank loan Modifications.

Additional advantages of a House loan Modification contain the prospect of a abatement in the volume owed (principal balance reduction), a alteration from the span of the home loan, converting the loan into a reduce, fixed-rate mortgage loan, and even refinancing of late charges and legal fees.

Saving money each month? Lowering my interest charge? Wow that sounds good. What’s the catch?

Why would my financial institution enable me?

Your financial institution has lost a huge volume of funds as a result of foreclosures; most with the homes they foreclose on are underwater, meaning that the defaulted loans are substantially higher than the values in the properties. Sure, your loan company will “lose” money when your payments go down, nevertheless, receiving any mortgage payment from you is better than no payment at all, or worse, having to foreclose on you.

How do I get a Mortgage Modification?

Friends, the name of the game is hardship. Well, it goes just a little beyond straightforward hardship, but that’s what we’re going to start off with. The initially step to getting a Bank loan Workout is showing your loan company that you just merely can no longer afford to make your home loan payments on time.

Now, distinct lenders observe various criteria for determining your “affordable” payment. Many lenders participate in Making Property Inexpensive, for instance, wherein and aside from other guidelines, your “affordable” payment is 31% of the gross income (income prior to taxes)!!!

Other lender’s use unique recommendations to qualify you. With Indymac, by way of example, the magic percentage of your respective gross earnings is 38% (under FDIC’s Mod-in-a-Box program). This “affordable” payment may be the complete of your Principal, Curiosity, Taxes, Insurance, and HOA Fees (if applicable).

Still other lenders utilize an archaic system of totaling up your complete net income, then subtracting expenses. For a lot of “in-house”, non-Government backed Property Bank loan Modification programs, lenders may use a combination of both qualification techniques.

Acceptable Mortgage Modification Hardships

* Reduction of Income. I.e. – Unemployment, underemployment, reduction in work hours, reduced spend, decrease in enterprise earnings (if you might be self-employed)!
* Change in household finances. I.e. – Death in loved ones, illness, divorce, incarceration, disability, adoption, child birth, care of relatives and loved ones.
* Increased expenses. I.e. – ARM (Adjustable Charge House loan has adjusted or will adjust), medical and health care bills, utility bills, elevated taxes.
* Insufficient assets. I.e. – Cash reserves aren’t sufficient to shell out mortgage and fundamental living costs.
* Monthly debt payments are as well a lot! I.e. – As well numerous credit cards, property equity loans, other credit loans are choking me!

A Quick Guide to the Mortgage loan Modification Procedure

1. Write a Hardship Letter.
2. Get on the phone with your loss mitigation department.
3. Set realistic expectations, and document your conversation together with your loan provider – commence a log – known as Countrywide, 12:00 pm Saturday the 29th, spoke with Dave concerning HAMP Household Loan Modification, faxing over essential documents.
4. Send required paperwork that your lender requirements – Bank statements, tax returns, spend stubs, etc.
5. Negotiate for the very best terms that you can on your Home Financial loan Modification.
6. Sign your Bank loan Modification agreement.

Alrighty, hopefully you’ve got a pretty great idea of what to do to get a Residence loan modification. If you will be in have to have of assistance, the very best place to commence is by contacting a Government Agency or your financial institution directly! Finest of luck to all with the readers out there and I hope this helps!

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Many households dismiss the idea of applying for this program due to the fact they’re afraid they might not qualify. Most believe they have fallen too far behind to catch up, so they sit back and wait for the sheriff to come and evict them. Acquiring a loan modification specialist who can allow you to to realize this plan could be the first and most important step.

Believing your financial institution stands to gain anything by foreclosing on you is another thought that is absolutely wrong. Nowadays, it cost far more for your financial institution to proceed with the foreclosure, so they’re willing to work with you to get approved for the loan mod plan.

The best I can do to help you understand the process would be to reveal to you the kind of facts the loan company is likely to review to approve your application:

* You might should prepare a statement proving your willingness to continue generating payments to your mortgage. Your financial institution wants to be assured you may commit to a long term answer.
* You may have to prepare a hardship letter explaining the circumstances leading to your inability to carry on creating your monthly payment. Fiscal hardships can include loss of job, reduction in spend, sickness as well as the costly medical bills arising from your sickness or the most recent issue is the sudden rate improve on your adjustable rate home loan.
* Your lender will require proof that you’ll be able to afford your newly adjusted lower monthly payment. Although your financial institution will have a few unique options to aid restructure your mortgage loan; they will not bother doing so unless you’ll be able to prove your capability to shell out the new payment quantity.
* You’ll also require supporting documentation: Your financial institution will need to see your existing W-2′s, credit report, shell out stub, and federal income tax returns.

Lenders will take a real close look at your latest debt and all the payments that you’ve made, as well as the ones still due to verify if you will qualify for a house loan modification. Be honest and forthcoming with your economic data. There’s no need to make up or hide facts. If your data is false, you may doom your family to go by means of foreclosure and possibly get evicted from your house.

Just 1 mistake could expense you your house. The truth is, the only method to be sure in the event you qualify is always to have a free consultation with a bank loan modification specialist who is familiar with helping households steer clear of foreclosures.

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The trouble is that it is usually a complicated approach to say the least. There’s lots of paperwork – like the hardship letter – the summarizing of your income (or perhaps lack of it) and the incessant phone calls. There’s a great deal of pressure and it’s no wonder that a lot of residence owners give up.

The thing is I know what it’s prefer to be under that sort of pressure. I know what it really is prefer to use your credit cards to try and maintain up those mortgage payments and do you realize what – this really is the last issue inside the world you need to do. Take it from me all you’re doing is storing up even a lot more headaches than what you may have now.

The matter you have to also realize is the fact that the sooner you recognize that you have a difficulty and also the job that you may have been seeking is not around the corner don’t let your mortgage payments go 3 months in arrears. If you realize that after a month you might be another month in the same situation you should act now.

The factor is usually that lending organizations deal with real men and women like you which are having a difficult time. They won’t be as polite and sympathetic as you may want but bottom line is always that they know that an empty home suggests that they lose up to 80% of their mortgage which is not good company for them! This indicates that that you are in a much better position the earlier that you just can contact them.

The thing is that it can be concern that stops most folks from starting the approach. Fear that in case you contact the lending company that you’re putting your family’s house at risk. That’s understandable but it is really also the biggest single trigger why a lot of household owners do have their homes foreclosed and this can be absolutely not a path that you want to tread on.

It is where a mortgage modification might be a welcome solution. If it is some thing which you haven’t considered then you need to! These days especially beneath the Obama administration it’s now much easier to negotiate new rates and get those payments down to an affordable level or at least get some breathing space to sell your property.

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A little back-story: I help homeowners for free, the ones diligent enough to pick up the phone and call me, usually devoting 2-3 hours of my day to answer questions, and walk homeowners through what can be the tough, arduous process of saving a home.  Every conversation typically begins with the same series of questions; and following the same algorithm I’ve been able to help hundreds of homeowners modify for free.

The same question keeps coming up though; loan modifications that fit inside of the HAMP box, approved for a “trial modification” and then kicked out after three months payments, the homeowners with no money to move into a new place, and no permanent solution.

The bottom line is lenders simply will not modify if financially, they believe they can make more money selling the home as a foreclosure; guidelines and government incentives, Christian charity and homeowner plight are absolutely meaningless when stacked up against a big red bottom line.

(I’ll get to the really scary part in a second)

I’ve helped a good deal of homeowners modify that were kicked out of Making Home Affordable (HAMP, or “The Obama Loan Modification” as some like to call it) by putting together NPV (Net Positive Value Tests) to better understand the lender’s position.  In truth, I use the “Net Present Value Worksheet” here: http://www.fdic.gov/consumers/loans/loanmod/loanmodguide.html, using the “Test Scenario” tab, accounting for re-default rate with an educated guess, the Freddie weekly indexed rate (located at freddiemac.com and under “Primary Mortgage Market Survey”), and the homeowner’s information.

This test paints a clear picture of what the bank would lose or gain by modifying vs. foreclosing.

So I’m on the phone with a positively delightful retiree and I’ve “threeway’ed” in her lender, and we start doing the whole song and dance:

Me – “Mrs. _____ is facing foreclosure, she was approved for a loan modification under HAMP that she does in fact qualify for, I’m curious why she was not approved for a permanent modification?”

Negotiator – “Well, at this time she simply doesn’t qualify.”

Me – “Really, according to whose guidelines?  Is there an investor holding the loan that does not participate in HAMP?  Please help me to understand!”

Negotiator – “Well, I really can’t say at this point in time; as far as I can tell she just doesn’t qualify…”

Me – “Alrighty, well I’m sure you won’t mind if we just run through all of her financials, hardship; I’m happy to illustrate that she qualifies at 4.875% on a 30 year fixed term through HAMP, actually above Freddie’s Surveyed rate for this week, she’s net cashflowing approximately $-300 prior to modification, $250 positive after modification…”  I continue, explaining in detail, covering every base, HAMP, net cashflow, even the silly hamp questionaire in conjunction with her hardship letter..  And the “negotiator” has no response, still isn’t budging.

Here’s what she said two hours later:

“Sir, I understand ya’lls predicament.  I’m going to be honest with you.  We purchased the loan at less than 30 cents on the dollar.  So while from your point of view it seems like, well, she owes about $500,000, the homes worth $250,000 give or take, so we’d lose $250k and we want to modify.  We can’t.  I’m sorry.”

As my brain automatically did the math, my jaw hit the ground.  — They bought the loan for something in the neighborhood of $150,000; they unload the property at $200,000 in a week, $50k undermarket, they still make $50k.

Thinking quickly, I countered as best as a could, but I knew at that moment I had lost –

“Umm.. What about time on market, maintenance fees for six months at least getting it to sell, REALTOR’s fees, attorneys fees..”  I know this is bad tact but I can’t think of anything.  Out of desperation I say, “C’mon, she’s retired, she can afford this and she won’t be late.  Please just do it.”

“The truth is, we don’t know that.  We’d rather lend the money to a prime borrower at 6% interest”.

And then I got scared.

*** Afterthoughts ***

I connected the lady with (what I hope) is a good REALTOR® in her area to help her with a short-sale (I really gotta connect with more real estate professionals).  I could tell she was devastated, but probably other than the last few sentences didn’t really comprehend what I or the “negotiator” were saying for most of the conversation.

I’d like to think I’m damn good at loss mitigation; I’ve helped a lot of people, but this shook me to the core.  It’s tantamount to a lender not modifying simply because they don’t want to.. And apparently they get away with it, day, after day, after day.
Just before I say goodbye, I remember thinking, man that negotiator should lose her job.  Mulling it over I’ve kind of changed my mind; the poor woman is probably underpaid, had to listen to me yell at her for 3 hours, and through it all had the integrity to actually be honest, even though it could possibly cost her her job.

I’m still not sure what to think.  I hope this helps anyone out there looking at modifying their loan on their own, and doesn’t discourage.  Things have to change eventually; there’s only so long that Americans will stand for being kicked around by the banks.

HAFA comes into play on the 5th of next month, and, to tell you the truth I haven’t finished getting up to snuff on it; guidelines are here: https://www.hmpadmin.com/portal/programs/foreclosure_alternatives.html, and I’ll try to break it down next week for homeowners as best as I can.

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