Guide & Workbook
Pack filled with the specific details, forms, and a workbook to help you be confident that you have all the details to make this effort a true success.. It’s the industry’s best kept secret.
Below you wil find the Table of Contents of the Loan Modification Guide & Workbook
- Introduction
- Reality Check
- Understanding Mortgage Modification
- Everything’s Negotiable
- The Big Picture of Mortgage Modification
- Step 1: Get It Together (Documents and Info)
Write Everything Down!
Hunt and Gather!
Know What Your House is Worth
- Step 2: Figure Out Your Debt-To-Income Ratio
Using Your DTI Calculator
Sample DTI Ratio Lender Guidelines
Action Step
- Step 3: Prepare Your Income and Expense Statements
The Long Arm of the Law
Action Step
- Step 4: Putting Together Your Modification Proposal
Mortgage Modification Proposal Example
- Step 5: Prepare Your Hardship Letter
12 Essential Items to Include in Your Letter
The Reasons for Hardship
General Rules
Hardship Letter Examples
Hardship Letter – Example #1
Hardship Letter – Example #2
Hardship Letter – Example #3
- Step 6: Covering Letter
- Step 7: Prepare to Contact Your Lender
3-2-1 Contact!
Tips for Phone Success
- Step 8: First Contact with Your Lender
Ready, Set, Done!
- Step 9: The Mortgage Modification Package
Don’t Shoot Yourself in the Food
- Step 10: Learn how to Negotiate with your Lender
Go Along to Get Along Strategy
Good, Better, Best Strategy
The Threat of Foreclosure
- Step 11: Negotiate with your Lender Like a Pro
- Step 12: The Offer - To Accept or Decline
- BONUS SECTION: What to Do If Your Mortgage Modification Is Denied
Try, Try Again
- Options for Homeowners Who Wish to Stay in Their Homes
Forensic Review
Repayment Plan
Forbearance
VA Loan Re-Funding
Partial Claim
- Options for Homeowners Who Wish to Leave Their Homes
Foreclosure
Short Sale
Deed in Lieu of Foreclosure
- BONUS SECTION: Tax Implications
- Glossary of Terms
- Foreclosure Prevention Contact Information
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