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# HowTo Package Your Loan Mod Application Kit
# HowTo Phone Negotiation Tips
# HowTo Complain & Motivate To Get Action
# HowTo Follow Up by Phone, Fax, Mail
# HowTo Use a Qualified Written Request
# HowTo Use a Mortgage Audit As Your Ultimate Weapon
# HowTo Fight Rejection Tactics
# HowTo Stop a Foreclosure Sale In 1-Day
# HowTo Remove Bad Credit & Raise Your FICO Score
# HowTo Eliminate All Your Debt

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What should I do after sending my loan modification application to the loan servicer?

27/09/2010
By Gail Simmons
What should I do after sending my loan modification application to the loan servicer?

Answer: After you send your loan modification application package to your loan servicer you need to keep on top of the progress your application is making. You need to be a “squeaky wheel” to make sure you are not falling between the cracks with your file stacked in the corner somewhere with thousands of...
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Q: Should I hire a loan modification attorney to help me?

14/09/2010
By Gail Simmons

Question: Should I hire a loan modification attorney to help me? Answer: In my opinion, while hiring an attorney who specializes in loan modifications can help you organize the documents you need to submit to your lender, they cannot guarantee you will be approved for a trial loan modification and/or subsequent permanent loan modification....
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48-percent of trial loan modifications were cancelled. Here is what to do next.

10/09/2010
By Gail Simmons

Half the homeowners who have been awaiting decisions on permanent mortgage modifications for three months or more, according to a government report, are serviced by just two companies, Bank of America and JPMorgan Chase. Backlog of 118,000 borrowers in trial loan modification program Through July, the government’s mortgage-aid program had a backlog of 118,000...
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Bank loan modification errors and absurd document requests

30/08/2010
By Gail Simmons

Sarah Larson had been trying for months to get a break on her mortgage payments when a letter from her bank arrived in March. Sitting at the dining-room table of her Minneapolis house, the 33-year-old acupuncturist ripped open the envelope and pulled out a list of important documents demanded by Bank of America Corp....
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Testimony that HAMP’s failure is lack of clear goals

26/08/2010
By Gail Simmons

When TARP Inspector General Neil Barofsky criticized the Home Affordable Modification Program (HAMP) as being ineffective, he blamed the Treasury Department for not setting clearer goals for that part of the Troubled Asset Relief Program (TARP). Only 390,000 homeowners “have seen their mortgage terms permanently modified since the $50 billion program was announced in...
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Loan modification complaint letter to OCC got fast action for borrower

24/08/2010
By Gail Simmons
Loan modification complaint letter to OCC got fast action for borrower

Borrower in loan modification hell with Bank of America for months got OCC to put a fire under them After 9 months of haggling with Bank of America for a loan modification, only to be turned down, this frustrated borrower needed help. She got a tip to file a complaint with the OCC’s HelpWithMyBank.gov....
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