FREE LOAN MODIFICATION ADVICE AND HOW NOT TO HAVE YOUR HOUSE SOLD IN FORECLOSURE

IF YOU ARE TRYING TO GET A LOAN MODIFICATION:

1.    SIGN UP WITH NACA AND LET THEM MAKE THE INTRODUCTION TO YOUR LENDER.  SEE WHAT THEY ADVISE FIRST.  THEN FILL OUT ALL OF THE INFORMATION REQUESTED BY YOUR LENDER.

2.    SEND ALL OF THE INFORMATION IN A MANNER THAT WILL RESULT IN WRITTEN CONFIRMATION THAT IT WAS RECEIVED.  PREFERABLY BY FAX, OR E-MAIL OR BY CERTIFIED MAIL, OR OVERNIGHT MAIL, OR DIRECT DELIVERY WITH A SIGNATURE RECEIPT BY THE LENDER IF THEY HAVE A FORECLOSURE CENTER.

3.    VERY IMPORTANT:  CALL ONCE A WEEK TO REQUEST STATUS.  IF THEY TELL YOU DON’T CALL BACK FOR A MONTH, DON’T LISTEN TO THEM, CALL EVERY WEEK.  ASK THEM “ARE YOU MISSING ANY DOCUMENTS?”  ARE THERE ANY OTHER DOCUMENTS NEEDED?   IF YOU REALLY WANT TO BE RELENTLESS DO THIS EVERY DAY UNTIL THEY SEND YOU SOMETHING IN WRITING TO STOP CALLING EVERY DAY.  YOU DON'T WANT LENDER ACCUSING YOU OF TERRORISTIC THREATS.

4.    WHATEVER RESPONSE YOU GET, EITHER SEND THE MISSING DOCUMENTS, EVEN IF YOU HAVE SENT IT 64 TIMES BEFORE AND THEY KEEP CLAIMING THEY DON’T HAVE, SEND IT AGAIN.  ALSO IN YOUR LETTER SENDING IT, RECITE THE DATES OF EACH OTHER TIME YOU SENT THE SAME DOCUMENT TO THEM TO REMIND THEM AND ATTACH A COPY OF YOUR FAX CONFIRMATION SHEET OR THE EMAIL THAT WAS SENT WITH EACH OTHER TIME YOU SENT THAT DOCUMENT.

5.  IF THEY SAY THAT THEY HAVE EVERYTHING, THEN FAX A LETTER TO THEM SAYING THAT “I SPOKE WITH _________ AT THIS PHONE NUMBER _____________ AND HE/SHE TOLD ME THAT YOU HAVE ALL MY PAPERWORK AND THAT I AM PRESENT BEING REVIEWED.  IF THIS STATUS SHOULD CHANGE, PLEASE CONTACT ME IMMEDIATELY.”

6.  IF THEY SAY THEY ARE MISSING SOMETHING SEND LETTER TO THEM BY FAX SAYING " I SPOKE WITH ______ WHO TOLD ME THAT YOU STILL DON'T HAVE __________.  I SENT THAT DOCUMENT TO YOU ON ____________(List all the dates you sent).  BUT FOR YOUR CONVENIENCE I AM SENDING IT TO YOU AGAIN WITH THIS LETTER.  I WILL CHECK BACK WITH YOU IN ONE WEEK TO CHECK THE STATUS."

7.    EVERY WEEK FAX A LETTER TO THEM SENDING THEM ANY BANK STATEMENTS THAT YOU HAVE RECEIVED IN THAT WEEK OR COPIES OF ANY PAYSTUBS YOU HAVE RECEIVED IN THAT WEEK.  THIS WAY WHEN THE REVIEWER GETS TO YOUR PAPERWORK, THEY CAN’T MAKE EXCUSES ABOUT HOW THEY DON’T HAVE UP TO DATE INFORMATION.

8.  EVERY 3 MONTHS:  YOU MUST SEND THEM AN UPDATED HARDSHIP TO LETTER TO LET THEM KNOW IF YOUR CIRCUMSTANCES HAVE CHANGED.  ALSO SEND THEM UN UPDATED 4506T FORM.

8.  NO MATTER WHAT, DON'T GIVE UP.  IT SEEMS TO ME THAT THE GOAL OF ALL OF THESE LENDERS IS TO FRUSTRATE YOU TO DEATH, EITHER YOUR OWN OR SOMEONE ELSES (JUST KIDDING)  I BELIEVE THEY HOPE YOU GIVE UP SO THAT THEY CAN JUST TAKE YOUR HOUSE AND ADD IT TO THEIR PORTFOLIO OF REOs.  THE BANK LOOKS LIKE A STRONGER INVESTMENT TO PEOPLE IN DUBAI AND IN CHINA WHEN THE PORTFOLIO IS FILLED WITH REOs AND NOT A BUNCH OF LOANS WHICH HAVE SHOWN POOR PERFORMANCE IN THE PAST.  HOPEFULLY MY SAVVY READERS GET THIS POINT BY NOW!

9.  IF THEY WON'T CONTINUE A SALE DATE AT LEAST 5 DAYS BEFORE IT IS SCHEDULED TO GO TO SALE, FIND A BANKRUPTCY ATTORNEY TO FILE A BANKRUPTCY IN CHAPTER 13 TO STOP THE SALE.  IF THE BK ATTORNEY YOU CONSULT SAYS YOU CAN'T DO IT, CALL ME AND I WILL DOUBLE CHECK IT FREE OF CHARGE.  I HAVE BEEN ABLE TO HELP A LOT OF PEOPLE EVEN WHEN OTHERS DIDN'T HAVE THE FAITH OR KNOWLEDGE TO MAKE IT HAPPEN

MY CLIENTS WHO FOLLOW THIS PROCESS SEEM TO DO BETTER THAN THE ONES WHO DO NOT.  THERE ARE NO GUARANTEES THAT YOU WILL GET A LOAN MODIFICATION AND THANKS TO THE COWARDICE OF CONGRESS AND OUR PRESIDENT IN NOT STANDING UP TO THE BANKS, AND TAKING THEIR CAMPAIGN CONTRIBUTIONS, THEY WON'T EVER STAND UP TO THEM, THERE IS NOTHING REQUIRING OR MANDATING THAT YOU BE GIVEN A LOAN MODIFICATION.

GOOD LUCK OUT THERE!!!!!