Loan Modification For Dummies

Loan Modification For Dummies

by Ralph R. Roberts, Lois Maljak, Joe Kraynak
     
 

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Loan Modification for Dummies

Learn to:

  • Modify your loan, lower your monthly payment, and keep your home
  • Assess your needs when facing foreclosure
  • Reduce and fix your interest rate
  • Have delinquency fees and penalties waived

Ralph R. Roberts

Lois Maljak

Consumer advocates and authors of Foreclosure

See more details below

Overview

Loan Modification for Dummies

Learn to:

  • Modify your loan, lower your monthly payment, and keep your home
  • Assess your needs when facing foreclosure
  • Reduce and fix your interest rate
  • Have delinquency fees and penalties waived

Ralph R. Roberts

Lois Maljak

Consumer advocates and authors of Foreclosure Self-Defense For Dummies

Secure a reliable loan modification and save your home

Behind on your mortgage payments? Worried about losing your home? Don't panic. This practical, hands-on guide shows you how to apply for and secure a loan modification that will lower your monthly payment and keep you in your home. You get step-by-step guidance in working with lenders, evaluating offers, negotiating, avoiding scams, and maintaining your financial health.

  • Prepare for the loan modification process — take stock of your situation, determine whether you qualify, evaluate your options, and team up with the right people
  • Submit a successful application — contact your lender, gather key documents, assess your needs, and prepare an effective hardship letter
  • Negotiate like a pro — explore different loan modification adjustments, analyze offers, spot red flags, and strategize to get more of what you want
  • Deal with uncooperative lenders — know your legal rights, audit your mortgage loan, uncover predatory lending practices, and use proof of violations to get a modification
  • Get the assistance you need — know when to contact your lender, a consumer support agency, a federal agency, or your state attorney general
  • Remember that you're not alone — read about the real-world experiences of other homeowners who faced foreclosure and avoided it with a loan modification

Open the book and find:

  • Loan modification explained in plain English
  • Proactive, forward-thinking advice
  • Reviews of foreclosure alternatives
  • Tips for securing the best terms and lowest monthly payment
  • Ways to keep the modification process on track and on time
  • Resources for obtaining low-cost third-party assistance
  • Hints for leveraging your legal rights
  • Advice on avoiding the foreclosure trap again

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Product Details

ISBN-13:
9780470501993
Publisher:
Wiley
Publication date:
08/31/2009
Series:
For Dummies Series
Pages:
288
Sales rank:
1,385,676
Product dimensions:
6.00(w) x 9.10(h) x 0.80(d)

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