Stop Foreclosure

Free Loan Modification Qualification forms

2010-10-25T16:48:00.001-07:00

Loan Modification Strategy

Are you behind on your mortgage payments? Have you tried to refinance your mortgage for a lower rate and got denied? The next best thing to a refi-cash-out when times are tough is to lower your rate with a loan modification. Most banks will not tell you what you will need to qualify for a Loan-Modification. Many of these banks will refer you to your lawyer. The average lawyer will charge you between $3,000 to $4,000 dollars for this service. The least a lawyer will charge you is one months’ mortgage payment.

Loss-Mitigation Experts
Most Lawyers are not experts in Loss-Mitigation. You should speak with an expert in loan modification or Loss-Mitigators. Loss-Mitigators are people who work directly with the banks’ Loss-Mitigation department. You do not need to be a lawyer to work on behalf of a client who is in foreclosure or to work on a Loan-Modification. Most people do not know what they will need to get started.

Free Loan-Modification Qualification Form:
You can ask the Loss-Mitigation department in your bank for this one form. It is one sheet of paper that will determine whether you will qualify for the Loan-Modification or not. You do not need an attorney to find out if you qualify. You can download this free form at the link provided below.

Loan Modification Strategy:
The form will only tell you what you will need in order to qualify for the Loan-Modification. There is one very important part of the application that is not discussed in detail “ THE HARDSHIP LETTER.” The hardship letter is very important. The whole application can weigh on this hardship letter.

The Hardship Letter:
The hard ship letter should be hand written and in good calligraphy.
A properly formatted hard ship letter will guarantee you a Loan Modification.

FHA Single Family Home Mortgage Update

2010-06-29T08:57:00.000-07:00

* Announcing the HopeLoan Port: The Hope Now Alliance recently announced the launch of a new web portal, HOPE LoanPort™, that HUD believes has the potential to significantly improve the execution of HAMP and non-HAMP modifications. This new web portal will allow counselors to collect the necessary documents from homeowners, upload the completed package, submit the completed package directly to servicers, and track the status of a borrower's application.
FHA Announces Policy Changes to Address Risk & Strengthen Finances: FHA Commissioner David Stevens has announced a set of policy changes to strengthen the FHA’s capital reserves, while enabling the agency to continue to fulfill its mission to provide access to homeownership for underserved communities. Read the press release & the Federal Register Notice.

* HUD Takes Action to Speed the Sale of Foreclosed Properties to New Owners:
HUD Secretary Shaun Donovan has announced a temporary policy that will expand access to FHA mortgage insurance & allow for the quick resale of foreclosed properties. Read the press release and the property flipping waiver.

* New RESPA Info: Find out about the new RESPA regulations that took full effect on 01/01/10. Also see the new RESPA handbook, FAQs, & forms. Learn more...
FHA Publishes Guidance on Condominium Processing: Read the latest update from FHA Commissioner David Stevens. Also see FHA Mortgagee Letters 2009-46A & 2009-46B which provides updated guidance on condominium processing & project approval. Visit FHA's condominium home page for more info...

* Making Home Affordable (MHA): Find out how MHA can help homeowners facing foreclosure find help with their mortgage. Visit: www.makinghomeaffordable.gov
FHA's Lender Insurance Program: FHA's Lender Insurance Program (LI) enables high-performing lenders to process FHA loans easier & more efficiently. LI lenders are better able to expand the availability of affordable FHA financing for potential homebuyers. Find out more.

http://www.hud.gov/offices/hsg/sfh/lender/lendins.cfm

Mortgage Updates and Forecasts as of May 21, 2009

2009-06-19T10:41:00.000-07:00

Recent up dates and forecasts for New-Home-Buyers:

As of May 21, 2009, Freddie Mac and Fannie Mae announced refinancers are overwhelmingly choosing Fixed -Rate mortgages in the first quarter. President Obamas’ plan for keeping long term fixed rates at an all time low will continue to encourage new home buyers to opt in for these incentives. New home buyers have become more and more aware of the dangers faced by locking into mortgages with ARMS. We can expect refinancers to continue with their pattern as well. This may very well be a once in a lifetime opportunity, especially for those financially strapped home owners struggling to make their monthly payments. The lowest fixed mortgage rates in 50 years are attractive by themselves, and when we look at average ARM interest rates that are nearly the same as the fixed rates being offered, it is easy to see why borrowers are making the choice for fixed-rate mortgages.

Long-term fixed-rate mortgage rates have remained below 5.0 percent for the past 10 weeks as the U.S. Treasury and Federal Reserve (Fed) act to keep interest rates low through security purchases, said Frank Nothaft, Freddie Mac vice president and chief economist.

Summary of Survey Results

Fixed-Rate Mortgages
Average Conventional 30-Year Commitment Rate Fees & Points Average Conventional 15-Year Commitment Rate Fees & Points
US 4.82 0.7 4.50 0.7
Northeast 4.86 0.8 4.56 0.8
Southeast 4.79 0.7 4.48 0.7
N. Central 4.86 0.7 4.51 0.7
Southwest 4.84 0.5 4.55 0.5
West 4.79 0.8 4.43 0.7

Recent up dates and forecasts Refinancing:

Declining home values have made refinancing for many home owners increasingly difficult if not impossible।However, there has been an over all increase in home owners taking advantage of this 50 year low rate, for fixed mortgages. This is truly a once in a lifetime opportunity for refinancers and new home buyers alike. New programs and policies have been put into effect to assist home owners effected by decreasing home values. They may qualify for a lower rate lower risk loan with no cash out. The over all trend for home owners searching to refinance their homes is expected to steadily increase as more and more incentives are put into place.

Recent up dates and forecasts for Loan-Modifications:

The biggest push for the Obama administration as well as other federal regulatory agencies has been revolved around loan-modification. The dramatic increase in foreclosures has had the greatest impact on the depression since “The Great Depression in 1929 . The process of loan modification was originally processed through the banks Loss-Mitigation department. One primary document being the letter-of hardship. The time has never been better then now to request a loan modification. Until recently, the Loss-Mitigation department was a well kept secret from the general public. The Loss-Mitigation department has now out grown all other departments in the banking industry. Approximately 1.3 million home owners receive foreclosure notices in 2007. This was 79 percent increase from 2006. The foreclosure rate increase again form 2007-2008 to as high as 81% in some areas. Over 1 million home owners lost their homes in 2008. The number of foreclosures have steadily increased between late 2006 and late 2008. However, we are expected to see a rapid decline in late 2009 for foreclosures nation wide as federal agencies lower the bar for loan modifications.

Recent up dates for forecasts for Loan-Modifications Qualifications.

Most home owners are completely un-aware that a Loss-Mitigation department exists. Loss-Mitigation agents rarely worked directly with home owners in the past. Foreclosure prevention attorneys and Loss-Mitigation specialists were used as the go-between home owner and lender. The rising increase in foreclosures have turned the Loss-Mitigation department upside down, and has forced lenders to work directly with home owners to modify their loans. All loan modifications now fall under the same federal guide lines. The Loss-Mitigation department is the place to go for home owners who are struggling to make their mortgage payments.

Loan-Modifications Qualifications.

The process of loan modification lies within the lenders Loss-Mitigation department. It is here with in the Loss-Mitigation department lie forms for your loan modification. Your loan modification is within grasp, just one sheet of paper. You will qualify for a loan modification, as long as you can full fill the requirements of that one sheet of paper.

2009-01-16T08:15:00.000-08:00

Ex-Underwriter Reveals The Inside Secrets of
Loan Modification

Loan Modification Can Help you

If you can't afford your mortgage payment.

If you owe more that the value of your house.

If you are behind on your mortgage payment.

If you can't refinance because there is no equity.

Why Pay $1,500 - $5,000 For Loan Modification
YOU CAN DO IT YOURSELF

How to Apply For Loan Modification is Not a Rocket Science

A little insider knowledge and Some Action is all That is Needed
to do the Loan Modification and Save Your Home.

Now in minutes you can have access to this guide through which you can
learn and use the same tactics used by Attorney's & Loan Modification
Companies and do-it-yourself.

As an Affiliate You will get the following:

How to apply for Loan Modification.
Detail Explanation of what is Loan Modification
Hardships that gets a Loan Modification Approved
How to write a effective hardship letter
2 critical thing to Avoid or you may be denied for Loan modification
How to prepare your income/expense statement that will get you approved.
List of documents you need to submit for Loan Modification
All necessary Loan Modification forms
How to Negotiate with the lender
Learn how to lower your interest rate
How to Eliminate fees, penalties and past due balances
List of phone numbers to the Loan Modification department.

and much more.

Have you been unable to refinance your home and can’t afford the price of what companies are asking to do a Loan Modification? Some companies are charging as much as $3,000-$4,000 to do Loan Modification requests for homeowners. We understand that many of these people are already in financial hardship. Our system is a comprehensive step by step guide to negotiating a Loan Modification from your current lender on the current terms of your loan to reduce your payments, skip payments, avoid paying back payments that have been missed and avoid foreclosure. Whether it is an adjustable rate mortgage whose rate has skyrocketed or simply a loan you can no longer afford due to job loss and diminishing incomes, now is the time to request and have a loan modification approved by your lender

Loan Modification Strategy Mortgage Foreclosure Real Estate Investing - Foreclosures, Short Sales Loan

STOP FORECLOSURE

2009-01-05T12:01:00.000-08:00

Product Launch: “Foreclosure Prevention” Self Help Course. Stop Foreclosure. Don’t wait for the government to bail you out. The bail out is for the banks and not for you, directly. So, how can you help your self and others like yourself, and put some money in your pocket at the same time? Easy, learn what the banks don’t want you to know.

Learn: "What Banks Don't Want You to Know"

I worked as a loan officer and for a lender broker for many years. I know for a fact that most lenders have a special department for modifying mortgage loans. This special department is called the Loss-Mitigation department, and for many years was only accessible through legal counsel that represented the home owners. There are two main reasons why this information has been held secret from the public. Reason 1): Banks are holding this information back from the general public to protect their investment and investors.

Can you imagine what would happen if everyone being foreclosed on knew exactly what to do to modify their loans for more accommodating monthly payments? Can you imagine taking all of your past due payments and putting them on the back end of your loan, and starting over again with a new lower monthly payment? Reason 2): The added costs for expanding the Loss-Mitigation department could be devastating to lenders.

We will show you how to cut to the chase by filling out just one simple form. You will know right away if you qualify or not, and the banks will not provide this form. Banks (Lenders) don’t want to deal with you for one simple reason. You don’t know what you are doing. You could modify your own loan if you knew what the questions are. And, the banks are reluctant to tell you exactly what you will need.

Most Loss-Mitigators and attorneys will charge at least one months mortgage to help you out. And, they will never tell you about this one page form. Your lawyer will never tell you how simple it is. Your lawyer will never tell you that you could do this your self, and that there is a ton of money to be made by helping other people. Could you imagine getting one months mortgage payment for every person you help to complete one form that banks are reluctant to give.

Today is your lucky day. Because, you will have this unique opportunity to help people modify their loans and lower their monthly payments, and make a “GREAT INCOME” in the process. And, we guarantee our work 100%. There are no special educational requirements. You can work from home. You can work on your own time. You will need a fax and a phone, that’s it. Nothing else.

Your attorney can charge you $2,000 plus expenses for this service. Save money and do it your self.

This is a unique one time introductory offer of $900 dollars for this course. We provide unlimited counseling from our support staff. You also get limited resale rights through our MLM system. You will also get a residual income from your down-line. Go to www.jplenterprises.com for more information.

We also have a special "Start Up" introductory offer for those people who are interested in finding out if they qualify for this loan modification.

This $29.oo "Start Up" package includes:

The one page form that will tell you YES/NO if you qualify.
How to sell your house in record time.
Learn how ot Rent-To-Own a new home ASAP.
Credit repair options that include using our attorneys.
How to open a new credit profile legally.

For your information we are Lic: Lender Brokers through FRMC at www.noprime.com We can pull credit and qualify your prospects. I have over 20 years experience as a mortgage broker and real estate acquisition consultant.

This is a unique one time introductory offer of $29.00 designed to help you find out if you qualify for a loan modification or not. Go to www.jplenterprises.com to find out now.