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#286006 - 04/13/09 05:28 PM Loan Modificatin tips
HectorJr Offline
Junior Member

Registered: 02/07/09
Posts: 2
Loc: Los Angeles County
Just wondering if what are some good loan modification tips you may have? Please post. I know people who are looking to get a MOD and Im thinking of getting into the Loan Mod business.

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#297275 - 07/06/09 01:49 PM Re: Loan Modificatin tips [Re: HectorJr]
Alex11 Offline
Member

Registered: 06/10/09
Posts: 32
Loc: California, Mission Viejo
To qualify for a mod you have to:

have an income
legitimate hardship
you don't have to be late on payments to qualify

It is important to know how to negotiate. Every lender has different guidelines.
Calling your lender is a big waste of time . They are overwhelmed with the current situation. Your lender has their best interest in mind, so don't expect any favors.
Working with a third party will help you understand the process and what you can expect.



Edited by Alex11 (07/06/09 01:51 PM)
_________________________
Alex Berov
Mission Viejo, California
Stop Foreclosure
Loan Modification

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