The crucial information you need to secure a reliable loan modification and save your home

Behind on your mortgage payments? Worried about losing your home? Don't panic. Loan Modification For Dummies gives you the reliable, authoritative, easy-to-understand guidance you need to apply for and secure a loan modification that lowers your monthly house payment and keeps you in your home.

This practical, plain-English guide leads you step by step through the loan modification process, from contacting your lender to applying for a loan modification, evaluating the lender's initial offer, and negotiating a modification that lowers your monthly payment while helping you catch up on any past-due amounts. You'll learn how to communicate with your bank or loan servicer, recognize and avoid loan-modification scams, and find a knowledgeable loan modification specialist, if you choose not to do it yourself.

• Advice on determining whether you're likely to qualify for your lender's loan modification program
• Guidance on preparing and submitting a loan modification application that improves your chances of success
• Helps you figure out a monthly payment you really can afford
• Tips on modifying your loan even when you owe more than your home's current market value
• Negotiation advice for securing the best possible terms and lowest monthly payment
• Resources for contacting your lender, obtaining free or affordable third-party assistance, and getting government agencies on your side

Read Loan Modification For Dummies and start saving your home today.

ISBN13: 9780470501993
Condition: New
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Excellent well written easy to understand (5.0)

I am a mortgage underwriter and was curious to find out detailed information about Loan Modification. This book was easy to understand and had a lot of real-life examples and stories. Very well written in plain language with a huge glossary in the back explaining all the technical terms. I learned a lot and feel confident that I can now definitely guide a troubled homeowner in the right direction. I definitely recommend hiring a professional to process your modification...they know all the right things to say and correct people to call. This book is an excellent guide for the homeowner seeking to initiate an intelligent discussion with a trained professional. An educated consumer never gets scammed !!

Loan Mods from A - Z (5.0)

I love these books for "dummies", they all seem to clarify things really well and Joe Kraynak, Lois Maljak and Ralph R. Roberts have excelled at it in Loan Modification For Dummies.

They take you through all of the steps from A - Z and appear to have left nothing out if you are attempting a loan mod on your own. Hopefully, they get the point across to you that it is an involved process and if you are not up to following the necessary steps, then you should consider a loan mod company to do the work for you. Often times these same loan mod companies will be able to offer you debt settlement as well. We have found that those who come to us for loan mods or principal balance reduction, also need debt settlement as well.

This is an excellent "how to" book and I would highly recommend it, even if you are employing a loan mod company. It will let you know what steps they are taking on your behalf.

Larry G Potter