How to Get a Loan Modification

February 17th, 2009 Categories: Book Report, Real Estate News

Are you or someone you know having trouble making your mortgage payments? Do you think that selling your house or even facing foreclosure is the only choice? It’s not. Consider a loan modification or “loan mod”.

According to the U.S. Department of Housing and Urban Development a loan modification is “a permanent change in one or more of the terms of a mortgagor’s loan . . . and results in a payment the mortgagor can afford.” There are companies that you can hire to help make this change or you can do it on your own. Too hard you say? Too complicated? Not any more, thanks to an absolutely terrific book that is just hitting the market place.

I would love to take credit for the straightforward, step by step, reassuring book that is How to Get a Loan Modification but I can’t. That acknowledgment goes to father and son real estate investors/agents Ryan and Mike Rockwood of Southern California.

Using their own experiences, Ryan and Mike have crafted one of the best do it yourself workbooks I have ever seen. Trust me, the folks who do the “Dummies” guides could take some lessons! Why do I like this book so much? The Rockwood’s focus is empowering, affirmative, pragmatic, and practical. There is no theory here – just plain fact. The authors want you to know that if they did it you can too – and not pay someone else to do it for you. Everything the authors write is from personal experience - they have been successful with six of their own loan modifications and are working on another five.

They use actual letters and phone scenarios, fill in the blank to do lists, insider tips, action items, eye catching icons, etc. etc. In addition, the Rockwood’s offer valuable advice on how to repair or maintain a solid credit rating and what lending institutions are really looking for in those reports.

So, if you or anyone you know is having trouble making a house payment do yourself a favor and check out How to Get A Loan Modification. Oh, did I say there is a 100% money back guarantee?

Hats off to the Rockwoods for this valuable addition to any home owner’s arsenal of must have reference material.

Michael

This entry was posted on Tuesday, February 17th, 2009 at 6:26 pm and is filed under Book Report, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Your realtor in Alexandria and Northern Virginia | Rocky MLS said at February 17th, 2009 at 10:20 pm
[...] Your Realtor in Alexandria and Northern Virginia is Michael Bergin. Check out the full book review here on How to Get a Loan Modification. [...]
How to Get a bLoan Modification/b | Loan Modification Blog said at February 18th, 2009 at 3:22 pm
[...] View original here: How to Get a bLoan Modification/b [...]
Loan Modification Scam Artists Are Latest Threat to Homeowners in Northern Virginia said at April 1st, 2009 at 9:47 am
[...] written about Rocky before but this latest article in the Washington Post was just one more reminder of how careful homeowners [...]
Foreclosures Are Often in Lenders’ Best Interest said at July 28th, 2009 at 8:20 am
[...] who are likely to fall behind on payments even after a loan modification. Lenders don’t want to help because waiting to foreclose will be too [...]
Bernard said at September 21st, 2009 at 2:58 pm
First of all, huge thanks to the author of this article for showing this book to the audience! I have some problems with my mortgage payments and I didn’t know what to do. My wife was mad at me for a couple of weeks. But now I will definitely order this book and try to make my life easier. Thanks one more time!
Michael said at September 21st, 2009 at 5:55 pm
Glad we could be of help. Hope all works out for you.
My Loan Mod Story said at January 13th, 2010 at 8:06 am
Thanks for this – I’ve been working hard to get squared away with my loan modification process and trying to get a good understanding of everything I need to have in order. It’s been stressful but I’ve found some great resources like this and am grateful.
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