Loan Modification Affiliate Needed!
Be a Part of the Home Loan Mod Solution!
Many homeowners struggle without much hope to catch up on their mortgage payments after falling behind. It can seem like it is always just out of reach to finally get caught up. The lender's solutions often mean a higher payment for 6 months or more to "help" you catch up. If the payment is already a stretch, how helpful is that "solution" likely to be?
If the homeowner has income, a loan modification can be a real solution to help lower the monthly payment and catch up those late payments without having to write a huge check to the lender.
Lenders are likely doing hundreds if not thousands of these negotiations each month and a typical homeowner in this situation only does this type of negotiation once in their lifetime. Who do you think has the advantage in this negotiation? Additionally, the homeowner is likely to be stressed and emotionally involved, which can hamper their judgement in getting the best loan modification.
Can you empathize with homeowners that are losing their home due to job loss, illness, divorce, or other issues beyond their control? Well, we have good news! We are part of a team working with a great company that has a goal to save 100,000 homes from foreclosure. They provide excellent support and detailed training for their loan modification affiliates.
To find out more details about getting paid while easily pre-qualifying homeowners and then handing them off to the experts to work their loan modification please take a few minutes to view this quick video: Loan Modification Business
Yes, you can be a part of the solution. Maybe you know someone who is suffering or maybe you just want to figure out how you can help. Either way you can be compensated for your efforts. The experts are saying this crisis is far from over. Let's work together to keep as many families in their homes as possible. Please visit Loan Modification Business for more information.
Why Homeowners Need Help with Loan Mods:
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35% of Mortgages in California Underwater. Got Loan Mods?
That's a lot of mortgages. Many of those that want to stay will need assistance.
Thirty-five percent of California mortgages are under water, according to First American CoreLogic. In the Sacramento metro area, it is 44 percent. For its own self interest, California in 2010 should vow to be a national leader in dealing with this issue.
Government Promise of Loan Modifications Turns Sour
As of November, only 4.3 percent of active loan modifications granted by banks under the federal Making Home Affordable Program had been made permanent – a total of just 31,382 loans nationwide. The program, unveiled in early 2009, aims to produce mortgage modifications for 3 million to 4 million homeowners within three years.
Exasperated borrower Cindy Foster of Sacramento says she's in the sixth month of a Bank of America trial modification that was supposed to be made permanent at three months.
"I call twice a week and they say, 'You're still in review,' " said the Kaiser Permanente staff member. "It's like they keep testing me."
More here: Government Promise of Loan Modifications Turns Sour
Mortgage Defaults Top 1M, Keep Rising
The number of troubled home loans continued to rise in the third quarter, despite the Obama camp's efforts to stem the tide by mortgage modification. For the first quarter ever, the number of homes in foreclosure with mortgages serviced by US banks topped the 1 million mark, the Los Angeles...
More here: http://www.newser.com/story/76716/mortgage-defaults-top-1m-keep-rising.htmlLenders Getting Paid for Loan Modifications
Struggling homeowners need an advocate in their corner in negotiationg with the lender.
Under the $75 billion Treasury program, companies that lower payments for troubled borrowers collect $1,000 initially from the government, followed by $1,000 annually for up to three years. The program has come under heavy criticism for failing stem a tidal wave of foreclosures.
More here: http://www.newser.com/story/75006/treasury-to-squeeze-mortgage-lenders.html
Treasury to Squeeze Mortgage Lenders
The Obama administration, battling a foreclosure crisis that shows no signs of relenting, will step up pressure on mortgage companies to do more to help people remain in their homes, officials said yesterday. The administration will announce its expanded program tomorrow, a Treasury spokeswoman said, and will take "additional steps...
More here: http://www.newser.com/story/75006/treasury-to-squeeze-mortgage-lenders.htmlTreasury's Secret Formula Slows Loan Modifications
The Obama administration’s mortgage modification program has been a big disappointment, and part of the reason could lie in the invisible hurdle troubled homeowners have to clear to get their mortgages renegotiated: the NPV test. Devised by the Treasury, the secret formula is designed to determine if modification is in...
More here: http://www.newser.com/story/69500/treasurys-secret-formula-slows-loan-modifications.htmlCredit Cards Cut Deadbeats More Slack
With unemployment nearing 10%, credit card companies are doing something once unheard of: forgiving debt, or modifying it in the customer’s favor, the Washington Post reports. Companies are loathe to discuss the practice, lest it inspire more delinquencies, but according to one industry report, roughly 3 million people got some...
More here: http://www.newser.com/story/69009/credit-cards-cut-deadbeats-more-slack.html