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