Loan Modification Manual Table of Contents

Preface

Part 1 The Industry: Past Present and Future

The Industry and how we arrived here

Where are we going from here?

The future of lending

Part 2 Defining Loan Modification

What is a loan modification?

Who needs a loan modification?

Foreclosure vs. loan modification?

Short sale vs. loan modification?

Time involved in a loan modification?

What is involved in a loan modification?

Who is involved in a loan modification?

Part 3 Questions and Answers

25 Important Questions and Answers

Part 3  Negotiating a Loan Modification by Yourself

Determine current disposition

Needed Items

Prepare a file

Gathering and organizing your records

Find the time

Set plan of action

Document everything

Part 5  Your Home/ Your Mortgage

Determine homes value

Gathering Comps

Are you upside down?

Know your rights as a homeowner

Ask CPA/Accountant

Part 4 The Lender/s

Determine who your lender is

What to expect from lenders

Multiple Lien Holders?

Is there an Investor?

Obtain lender Phone numbers (Included in this manual)

Research lender and gather information

Lenders Specific Documentation

Lender decisions

Part 6 Making Contact (Time to negotiate)

The Players

The attitude

Making first contact

Asking the right questions

Negotiations

Scripts

Dos and Don'ts

Part 8  3rd Party Negotiators

Should I consider getting assistance?

3rd Party Negotiators discussed

Appendix A Required Forms

Appendix B Loan Mod Flow Chart

Appendix C Glossary of Terms

Appendix D Lender/Servicer List

"The Insiders Guide To Loan Modification"