Mortgage Lenders

Today I wanted to take a different direction with this video. I of course have a shout out, but I also decided to take you inside a recent conversation that I had with a seller. There seems to be a very common series of questions that almost every seller asks me when I talk with them about a short sale.
1.Should I stop making my mortgage payments?
2.Do I have to be behind in my mortgage payments to do a short sale?
The conversation also took an interesting direction regarding her financial sheet and could have ended the short sale on a very poor note if we had not dug in a little deeper to find out what was really going on with her finances.

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AAMES, ABN Amro Mtg, AHSI, ASC, Americas servicing company, Aurora, Bank of America, Bank United, Calwell Banker, Carrington Mortgage Service, CENLAR, Chase Home Mortgage, CITI Financial, CITI Group, CITI Mortgage, CITI Residential Lending, Countrywide, Downey Savings, E Trade, EMC, Everhome, FASLO, Fireside Bank, First Franklin, First Horizon, Metlife, Flagstar, Franklin Credit Management Corporation, Freemont Invest & Loan, GMAC, Greenpoint, Greentree, HFC, Beneficial, Homecomings, HOMEQ, Homestreet Bank, HSBC Mortgage Corporation, HSBC Mortgage Service, Indymac Bank, Interbank, Irwin, Litton Loan Servicing, M & I Bank, Mountain West Bank, M & T Bank, Mortgage Lenders Network, Navy Federal Credit Union, NFCU, Nationpoint, Nationstar Mortgage, National City Mortgage, New Century, Novastar, OCWEN, Option One, Regions Bank, Resurgent, Riverside National Bank, Saxon Mortgage, Secretary of HUD, Housing and Urban Development, HUD, SLS, specialized loan servicing, Sovereign Bank, SPS, Specialized Portfolio
Servicing, Spokane Teachers Credit Union, STCU, Suntrust, TB&W Bank, TCF Bank, United Mortgage & Loan, USAA, US Bank, Wachovia, WAMU, WA Trust, Wells Fargo, Wilshire, Yale Mortgage, Washington, California, Oregon, Idaho, Utah, Colorado, Nevada, Arizona, New Mexico, Texas, New Jersey, New York, US Treasury, Obama Administration, Home Affordable Foreclosure Alternative, Home Affordable Modification Program, HAFA, HAMP

Duration : 0:10:44

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Technorati Tags: aurora, Bank of America, Century 21, chase, Citi, countrywide, Exit Real estate, Flagstar, foreclosure, Keller Williams, loan default, Midland, mortgage payments, real estate agents, realtors, remax, Short sale, short sale approval, short sale coaching, short sale education, short sale help, short sale mentoring, short sale services, short sale success, short sale training, shortsale strategy, stop making payments, strategies, Suntrust, Well Fargo, Windermere

(Click “More Info” to see full video script!)
http://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://www.60minuteloanmodification.com/members

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 currently in effect have RESPA and TILA violations. This means that the Real Estate Standards and Procedures Act and/or the Truth in Lending Act was violated when your loan was originated. This gives you recourse up to and including the hypothetical invalidation of the loan itself! Talk about leverage when attempting to negotiate!

You have a right to a timely and thorough response to your written inquiries. Banks wish you never heard of a Qualified Written Request.
Under Section 6 of RESPA is a requirement that lenders must acknowledge your inquiry within 20 days and respond thoroughly to your inquiries within 60 days. This request for a modification, there is a way to hold their feet to the fire. By sending a qualified written requestsuch as your hardship letter, request for additional concessions and request for itemization of feesyou force the banks to respond in a timely manner. This gets you priority in an overworked/ understaffed loss mit department.

Principal Reductions Are Possible.
Yes, it is true that principal reductions are the most difficult thing to achieve when negotiating a loan mod. Some banks however, would have you believe that they simply are not possible. That is a lie.

My clients have successfully negotiated principal reductions, even for investment property. The key is to have an intelligent proposal and be bold and persistent.

The first offer is always unacceptable!

Most people attempting to do their own loan modification are uninformed. Most own only one home, and haven’t had a lot of opportunity to hone their skills at modification. The lenders know this. They rely on it.

When you receive your modification offer, you must remember that it is the minimum that the lender is able/willing to do. They are driven to minimize THEIR loss, not yours! Ask for additional concessions in a Qualified Written Request very shortly after getting your mod offer.

For more info visit me at http://www.60MinuteLoanModification.com

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Technorati Tags: bailout, foreclosure, home loan modification, hope for home owners, Loan Modification, Mortgage Modification, Short sale

http://www.bankmortgagesecrets.com – How to stop foreclosure with best loan mortgage modification strategy from loss mitigation expert and avoid bankruptcy, loan secrets banks dont want you to know.

Duration : 0:5:45

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Technorati Tags: avoid foreclosure, Bankruptcy, foreclosure rescue, home loan, Loan Modification, loan mortgage, loss mitigation, Mortgage Modification, Short sale

Loan Modification Information- What is a Loan Modification? Part 1

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Technorati Tags: Loan Modification, Making Homes Affordable, mortgage help, Principle Reduction, Short sale, Upside down

Visit http://ColumbusOhioHUDHomes.com for more info or call Susanne at 614-975-9650 to make an offer!
HUD OWNED 2 BR Ranch in Westerville
CASE NUMBER: 413-435431
LISTED FOR: $73,000
BID DEADLINE: 01/03/10 for Owner Occupants

FLORIDA ROOM & STORAGE IN BASEMENT! This practical 1-story home is located in the Springborough subdivision, off Spring Rd just south of Huber Village Blvd. Westerville City Schools.

Comparable sales in the subdivision are in the $125,000 range. No details on the HOA fees.

The front door opens to the large living room/dining room area with high vaulted ceilings and rows of windows close to the ceiling. There is a cozy fireplace with decorative stone mantel.

The kitchen is off to the side, has no windows, but a decent amount of counter space. Next to the kitchen is a half bath.

Down the hallway there are 2 bedrooms and a full bath. Access to the garage is through the kitchen.

From the dining area you can access the completely enclosed 4-season room, which offers additional living space. The yard is small, but very nicely landscaped with mature trees and some perennials.

The house is in good shape overall and only needs paint and carpets cleaned. There is also a full, unfinished basement.

This property is owned by HUD. You’ll need a HUD registered agent to bid on this property. Our contact information is on the bottom of this flyer. For more information about the bidding process, visit http://ColumbusOhioHUDHomes.com

This property is eligible for FHA 203K Streamline financing (contact us for details) AND for the $100 down FHA financing for owner occupants.

Items you’ll need before submitting a bid:
* lender pre-approval letter for at least the amount you plan to bid
* Earnest Money check for $1,000 in certified funds made out to the brokerage

For buyers using FHA financing, the following repair escrows will be established:
Repair gutters $250.

Evidence of mold, no remediation done.
As with all winterized properties, the plumbing and PVC pipes may be damaged.

ALL OWNER OCCUPANTS will receive a $2,500 CREDIT from HUD that can be used for paying closing costs, repairs to the home or to pay down the principal balance of your FHA mortgage.

Please contact Susanne at 614-975-9650 to double-check the availability of this property, to schedule a showing or to place a bid on this or any other HUD property!

Per HUD Marketing Guidelines, we are required to link to the PCR (Property Condition Report) and the NHMSI website.

I look forward to helping you purchase a HUD Home soon!

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Technorati Tags: $8, 000, animoto, columbus houses, Columbus OH homes for sale, columbus ohio, distressed property, first time buyer, homes for sale, HUD, listing, MLS, NHMS, NHMSI, postlets, Ranch, Real estate, real estate agent, Realtor, REO, Repo, Short sale, Solutions for Real Estate, Susanne Novak, Tax Credit, Westerville

Loan Modification expert and CEO of LoanMod.com, Moose Scheib discusses the current foreclosure crisis and the role loan modifications have in stabilizing the housing market on The Neil Cavuto Show on January 7, 2009.

Duration : 0:4:46

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Technorati Tags: cavuto, fighting foreclosure, finance, foreclosure, forensic loan audit, laon mod, laon modification, late mortgage payments, loan, loan audit, Loan Mod, Loan Modification, Loan Modifications, LoanMod.com, loans, modify loan, Neil Cavuto, Refinance, restructure loan, Short sale, stop foreclosure, stop foreclosures