Loan Modification - Stop Foreclosure

Foreclosures are at an all time high and the feds who helped create the problem still have no solution. Private enterprise has a solution in the form of Loan Modifications. I work with a company who has been successful in convincing lenders to drop interest rates, decrease principals, and change terms for home owners.
Are your mortgage payments too high?
Any of these sound like your situation?
• Has your mortgage payment adjusted with no end in sight?
• Has the value of your house dropped?
• Are you depleting your 401k or your retirement account in order to make ends meet?
• Are you living off of credit?
• Have you experienced a job-loss?
• Are you in a negative amortization mortgage with your balance increasing to no end?
• Have you experienced a change in job or income?
• Are you worried about losing your home?
LoMo Means Financial Control LoMo is short for Loan Modification. It's is a process whereby a homeowner's mortgage is modified and both lender and homeowner are bound by new, negotiated terms. The most common loan modifications are:
• Lowered Interest Rate
• Reduced Principal Balance
• 'Fixing' Adjustable Interest Rates
• Increased Length of Loan Term
• Forgiveness of Payment Defaults & Fees OR any combination of these!
A loan modification is NOT a refinance. With a loan modification you do not need go through the costly steps that are required for a refinance. You do NOT need an appraisal, title or a credit check.
LoMo qualifications
If you are a homeowner who has experienced financial difficulties, you can qualify for a home loan modification.
• Decrease in home value
• Divorce/Separation
• Loss/Reduction of Income
• Illness
• Job Relocation
• Failed Business
• Military Service
• Other hardships
The bottom line: You will save money!
We may be able to help you reduce your house payments, just by negotiating your loan terms with your lender. Keep your house and reduce your payments!
Clem has a business background of 40 years. He now offers financial services such as mortgages, life insurance, financial needs analysis, long term health care plans, loan modifications, and investments for area clients. He also completed tax preparer training with H&R Block and is doing taxes for East Tennessee residents. More information is available at his website http://www.mtnfinancialservices.com/
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Countrywide Loan Modification Program Approval Guidelines - What You Don't Know Could Hurt You!

What you don't know could hurt you when you apply for a Countrywide loan modification to lower your monthly payment. Many deserving homeowners are denied the help they need simply because they did not know how to prepare their loan modification paperwork properly so that they meet the lenders guidelines for approval. Ever heard the saying "You don't know what you don't know"? Well, make sure you learn more about what you need to know before you apply.
Do you know about approval guidelines? A qualified homeowner for a Countrywide loan modification will be able to successfully prove that they meet the lenders guidelines. Do you know what those guidelines are? How can you expect to meet the approval criteria if you do not even know what it is? It's just common sense-you must take some time and make the effort to learn about what is required to meet the Countrywide loan modification guidelines.
Do you know how to prepare your loan modification forms correctly? Your approval for a Countrywide loan modification will rely mainly on how you complete your application paperwork. This is your opportunity to explain your circumstances to the bank, and prove to them in black and white that you are a deserving and qualified candidate. It's not that hard once you know what they are looking for to approve your proposal. Thousands of borrowers have already been approved for a loan workout that saved their home-you can do it too-simply make the commitment to learn and prepare your paperwork properly.
Do you know how to successfully complete a do it yourself loan modification? Should you rely on someone else to prepare and submit your Countrywide loan modification application for you? Many firms are offering a processing service-but you still must provide them with all of your information and documentation. Once you understand what is required and you complete the forms, you will be able to decide what is best for you and your family-a do it yourself Countrywide loan modification or pay a third party to represent you. The plain fact is that you will work harder and be more motivated to work through the loan modification process with Countrywide than any company-why? Simple, you have the most to lose! It's easy to think that you may not have any experience with this type of thing-but who really does? This is a new aspect of the mortgage business, and the more knowledge you have the better your chances of success will be-whether you do it yourself or hire someone else. Remember the goal is to save your home-invest your time and effort to learn and prepare before you make any decisions affecting your family.
You can get the help you need to understand and apply for a Countrywide loan modification by ordering and downloading The Complete Loan Modification Guide. This is a low cost, easy to read handbook that will provide you with everything you need to prepare a professional and acceptable loan modification application-lender guidelines, program options and much more. You are provided with all of the necessary forms and given detailed directions on how to complete them properly. The Complete Loan Modification Guide will take you step by step through calculating your debt ratio, completing the financial statements, writing your hardship letter and then putting it all together to submit to your lender. Get started today on the path to secure home ownership, order and download The Complete Loan Modification Guide.
For more information about mortgage loan modification, please visit us at: http://www.myloanmodificationcenter.com/
Article Source: http://EzineArticles.com/?expert=Susan_V._Gregory