Book description
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
Read Loan Modification For Dummies and start saving your home
today.
Ralph R. Roberts is a nationally recognized expert in the fields of
loan modification, foreclosure self-defense, and real estate and
mortgage fraud prevention, as well as an award-winning author. Lois
Maljak is coauthor with Roberts of Foreclosure Self-Defense For Dummies.
