Kamis, 11 Februari 2010

Why Are Banks Doing Loan Modifications?

Why are Banks doing Loan Modifications?

With five million homeowners in the United States facing foreclosure right now, and each foreclosure costing lenders a minimum of $50K just in fees, banks are so desperate to keep you in your home that they’re literally handing out money to people who are organized and ask the right questions.

President Obama has declared the US $ 75 Billion bailout package to save the housing market of the United States.

In a nutshell, it works like this:

1. Any well-presented loan modification application is legally guaranteed to get reviewed

2. If you present your case properly and can show some type of financial hardship, the success rate for approval is as high as 90%+

3. The process concludes with a phone call from your lender, a verbal agreement, and then you’re mailed your modified loan terms to sign.

This could be the single most-profitable and easiest real estate transaction you’ll ever do: no closing costs, no lawyers, no hassle. NOTE: This is NOT a refinance. It’s simply a renegotiation of terms. It works out to be faster, cheaper, and simpler 9 times out of 10.

If you don’t know where to start and how to get approved for the loan modification program, Download 60-Minute Loan Modification workbook by Mike Rockwood. This workbook has all the detailed information about the loan modification process.

You just have to follow the step by step guide for the loan modification process. Believe me, you don’t need to hire any loan modification attorney or agent who will charge you literally thousands of dollars for the process. You just need one thing and that is 60-Minute Loan Modification workbook.

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