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If your temporary loan modification has been denied and you are looking for help and assistance, the federal government has created a department of housing counselors. A housing counselor will help intervene with your bank to try and find a workable solution.

If you are having trouble making your mortgage payments or you are at risk of entering foreclosure, you can apply for a loan modification. Our attorneys offer extensive experience, in-depth knowledge, and thoughtful solutions to our clients in the following legal areas: – Foreclosure Law & Defense – Loan Modifications – Loss Mitigation – Real Estate Litigation & Contract Cancellations – Short Sales – Title Insurance In today’s crashing real estate market, the banks and lenders alike have been mandated by our federal government to do everything they can to work with struggling homeowners. If you are a homeowner who is dealing with financial hardship and is facing foreclosure, you can apply for a free consultation from the Law Offices of Ioannou and Ioannou. Call 561.922.7988 or visit www.AvoidForeclosureLawyer.com and apply today.

realestatemarketingthisweek.com – How many lives have to be wrecked by the mortgage companies loss mitigation departments? Part 6 – I always tell people when I was dealing with them, with their bankruptcy situation or foreclosures or whatever especially when someone would call me and they would say, I want to file a chapter 13 to save my house and I would say, You dont even think about doing that without an attorney and I would give them an attorneys name and it would work out for them because I think the numbers were like 95% of all chapter 13s filed by the home owner themselves failed. And I think that is the kind of numbers were going to see in loan modifications, we saw numbers the other day that came out from the government saying that over 50% of the loan modifications are failing. I would suspect that 95% of those were not negotiated by an attorney. Youre absolutely right, the other thing is people think theyre getting a loan modification because their lender told them that but theyre going to increase their payment over the next X number of months to make up for the back payments. That is not a loan modification by my standards, that is called a forbearance agreement and the majority of people who have failed its because they were put into a plan that was designed to fail. For gods sakes if your lender is going to increase your mortgage payment by 50% how on earth are you going to pay it when you couldnt pay it when it was right? To me its just mind boggling …

realestatemarketingthisweek.com – Loan Modifications are all the craze, beware and only work with an Attorney – Part 5 – I have been a part of these broadcasts where we have talked about the loan modification concepts exclusively and to your credit Michael and your team at Velocity I saw you guys as being first to the punch if you will, first to start introducing this concept not only to the listening audience but to your clientele whenever it might be appropriate for the people who need to look at that option. Now I am seeing on street signs that are handmade and posted on street signs all over the city, call me for loan modification. I am hearing commercials and radio broadcasts that are discussing this loan modification concept; I have seen infomercials regarding this now so its becoming a bigger and bigger scope, its a big buzz right now and maybe you could tell me, and I already know the answer to this how long have you been doing this? And then what are the criteria for someone to consider this process? Its funny that the loan modification concept is new and its the new buzz word and everybody is talking about it and everybody is doing it and it has been around forever. People have been able to do this for many, many years. The banks dont want your house back; they really, really dont. They may act like it and when you talk to them it may sound like they do but they dont. Velocity Financial is working with a national network of attorneys that have been doing this …

Loan Modification : Truth, Fact & Fiction

Loan Modification Mirage. Hamza the short sale twin talks about the loan modification mirage! What’s really going on with loan modifications and why they’re not working.

SLRP — Short Sale Lease Back With Re-Purchase Option Program ***Benefits to Homeowners who want to stay in their home, but are having difficulty making the payment*** If you are one of millions of American’s who are behind on a mortgage payment…. We have a Solution for you! How does it work? 1. Our investors purchase your home as a short sale at current market value • Eliminates Negative Equity! • Eliminates “mortgage payment in ARREARS” 2. Our investors lease back the home to you (seller) — Seller Lease Back • New Lease Lowers Payment approximately 25% to 50% 3. Lease Agreement will give you (seller): • The Right to repurchase at latter date for Predetermined Amount What are the Benefits to You? 1. Eliminate mortgage payments in “ARREARS” (Back Payments) 2. Lower Monthly Payment on Home, 25% to 50%. (Affordable Payment) 3. Eliminate the gap between what you owe and what it is worth (Principle Reduction) 4. Reset and Retain Home. Please contact: Bill May at 949.584.2743 for Free Consultation to see if YOU CAN KEEP YOUR HOUSE!

Loan Modification Programs at Falcon Credit Management are one of a variety of foreclosure prevention services we specialize in.

(Click “More Info” to see full video script!) www.60MinuteLoanModification visit for a free CD on Mike Rockwood’s experience modifying 5 of his own home loans – and how you can too. Ask Mortgage Modification questions on our forums at http For me, the housing market implosion became personal. If youre reading this article its likely that the crisis has become that way for you, too. So much power and so little accountability! These lenders have dirty secrets that they wish you did not know. Knowing these will help you negotiate a better modification and KEEP YOUR HOME! There are no rules! By that I mean that street-smart homeowners should get on the bleeding-edge of this loan mod frenzy. The pioneers are getting extraordinary values. Whenever a big trend overwhelms and industry there is tremendous advantage that goes to the innovative and courageous. For many months I have been advising clients to pursue an aggressive loan mod solution, even when prospects seemed dire. I have been amazed at the results. So, be brave, be intelligent and be diligent. You will prevailat least for now. Most fees are bogus. When you look at the amount a lender claims you owe them, you might be surprised at how large that number is. If you miss 4 payments of $1000 each, why don’t you owe $4000? The answer is late fees and penalties. The problem is that all of these types of fees have to be justifiable, and completely spelled out. Most loans have RESPA and TILA violations. Up to 70% of the loans …