You don't wish to obtain anyone to help you intercede with your bank for a loan modification. You don't wish an attorney, you don't wish a mortgage expert, and you don't wish a fraud examiner. All of those people, the lawyers, the mortgage experts, the fraud examiners… they're all scammers because they CHARGE for their services. And everyone knows that loan modifications are FREE. like water in a spate, or the air that we breathe. Banks, on the supplementary hand, have cornucopia of lawyers, mortgage experts, credit specialists, underwriters, and professional negotiators. You, however, should come alone. Who says you should come alone? The banks say so, that's who. The banks are looking out for you. The banks are going to help you. The banks are on your oblique. You can trusteeship the banks.

The same banks that put you into mortgages where the payments simulacrum as soon as the prepayment penalty term ends. The same banks that denunciation you, the borrowers, for the meltdown, and have previously foreclosed on millions of homes. The same banks that virtuous lobbied senate to kill the bankruptcy reform bill that would have consented judges to modify mortgages in bankruptcy so that people going bankrupt could have a chance to withhold their homes. The same banks that virtuous lobbied senate asking for a top allowable concern rate of 500%, and got 390%, while they charge you 29% on your credit card. The same banks that fraudulently packaged mortgage backed securities as a rated bonds and in doing so demolished the bond market, and left the world's financial systems in downgrade. The same banks that paid their executives innumeracy billions in counterclaim and bonuses as the perfect country was sliding into the deepest stagnation since the 1930s. The same banks that have customary TRILLIONS OF DOLLARS in taxpayer money. TRILLIONS. Those same banks are now going to help you as long as you come alone to the negotiation. But the FACT is that banks are REQUIRED BY LAW to intercede in the banks preferred concern, not yours. The law says that the bank MUST do what's in the bank's preferred concern, not yours.

The mechanism of requesting a loan modification or short sale on your loan starts with the question of what put you in this sphere. Is the your hardship for a few months or is it long term? Did a payment go up and become not affordable? Did you lose your job or income? Once you have materialized what it was that caused you to fall laggard time the next steps are straightforward.

You must splash why you mitigate mathematically for a loan modification or short sale and how this is better, in mortgage lender profit terms, than to go to foreclosure. To do this with the dream of keeping your home you'll wish to extant your mortgage servicer with a rationale why you can't manage your current payment or want to short sale. Next, you should splash mathematically how they can create a new modified mortgage payment or short sale permitted price that is more productive to them than a foreclosure sale. The mortgage servicer will necessitate several documents such as a hardship letter and application for cooperation, along with corroboration of income, tax returns and possibly your bank statements for a modification and even less for a short sale. Here are some current hardships that are reported to mortgage servicers.

The REST Report from REST Report Matters is not virtuous a report but amusement of tools that helps presentation why the mathematics and profit for the banks is in the modification or short sale they should be giving you if you mitigate. The REST Report is run on the same multi-million dollar pulpit as the principal mortgage servicers and uses the most up to date mathematical formulas as developed for the over 120,000 modifications and 35,000 short sale that are allowed each month.