Mortgage problems? Everything changed on June 1, 2012. This book
will help. It's the consumer's version of federal rules for
modifying home loans, current with important changes that took
effect on June 1, 2012. If you don't know what to do. If you've
applied for a modification, but it's taking too long. Even if
you've been turned down. Rely on this valuable resource during a
long, unfamiliar, and discouraging process. It can shift the
balance of power and help you get control. Cut through technical
jargon and specialized knowledge. Homeowners, landlords, and their
trusted advisors now have a simple and complete reference when
working with lenders. Step by step, it explains what you need to
know and do to get a loan modification. The federal Making Home
Affordable Modification Program sets rules for more than 85% of all
home loans. What are the rules? Can I lower my payments? Is my
lender required to modify my loan? Do I qualify? Does my lender
play by the rules? Here are the answers to your questions, plus 12
questions to ask your lender. Now you can understand the guidelines
that the big lenders like Bank of America, Chase, and Wells Fargo
use to modify home loans. They claim they want to help. It doesn't
matter - they are overwhelmed. Borrowers must take responsibility
for themselves. This book makes that possible. Loan Modification
2012 Essential Guide includes helpful suggestions and practical
tools. Use the forms, grids, and worksheets to calculate your new
payment, complete financial information, and qualify for a
modification. Look up unfamiliar, but crucial terms in the
Glossary. This is the User's Manual for homeowners, landlords, and
their professional advisors to get the most out of the Home
Affordable Modification Program. Knowledge is power. Get the
results you want and deserve.
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