www.60minuteloanmodification.com – FREE Loan Mod Secrets CD shows how I modified loans on all 5 of my homes. Today, Im going to teach you 3 things you MUST know about loan modifications. These are NOT things your bank will tell you, and to be honest, these are not things that youll hear anyone talking about. Why is that? Because most so-called experts have NOT actually gone through the loan mod process themselves and things are changing so fast, they just dont know whats going on. Grab a pen and write this stuff down because Im going to get straight to the point (1) If youve never missed a payment on your mortgage, your loan mod application will go straight to the bottom of the pile. Sad, but very true (and verbally confirmed by numerous banks). (2) Banks can forget your phone calls, but legally, they cannot forget written correspondence. This means letters and faxes trump phone calls 7 days a week. Youve probably heard of borrowers on hold for hours on the phone trying to talk to their lender, right? Heres why: lenders are reading their mail and their faxes before they pick up the phone because legally, if they dont, they can get sued. Thats a writer-downer. (3) Banks HATE loan modification firms and lawyers. This has always been true, and now more than ever, youd be crazy to let anyone contact your lender except you. Main Streets bailout is about average borrowers, not about lawyers or other vultures looking to cash in on crisis and thats why Im committed to helping …
