Loan Modifications communicate with your lender how?
Loan Modfications lenders and how to communicate
Today's video answers some awesome questions.
So today. three questions:
- What is the best way to submit a short sale package?
- 4 rentals…have assets…what are my choices re short sales?
- I am in the mortgage business interested in doing loan mods…
And, news regarding Loan Mod Magic and Short Sale Secrets.
We have two seminars coming up. You are invited to both if you get one of my courses.
A new loan mod magic seminar coming up very soon. New material in it. New forms and updates and new processes.
Also some other stuff.
And great stuff on short sales, different situations that pros will appreciate and if you are new, you will soak up.
Plus, when you get the Loan Mod Magic course, 4 hours of bonus audios on marketing your business and different scenarios will get you off to a wonderful start. Limited time only.
And, please
warmly,
P.S. My Mortgage Relief Formula course has information in it about how to sell a house, any house, in 9 days, and also about credit card debt settlement and short sale negotiation. It is an essential toolkit for you if you are either in the business of real estate, or if you are an investor, or if you are a homeowner in trouble.
You can get it on a 365 day home trial. Simply try it out and decide later if it is right for you. Don't buy it. Just try it out. You have zero risk. I will buy it back from you for every penny you have paid for the course any time in 365 days.
Help yourself and help others. Hundreds of Realtors, real estate investors and homeowners use my info to help themselves, their families and others.
And if you want to get some important information on short sales and 9 day house sales and saving your credit and buying with no money and no credit…even settling credit card debts for a dime on the dollar…
Please watch this video on short sales and foreclosures. This is a screen shot — just type in your email and I'll get you to the real video. It's geared to homeowners and Realtors who want to know everything they can about short sales. And it is the tip the iceberg…
Disclaimer: I make no claims as to how much you can make or legalities. You need to do your own homework and you are fully responsible for any outcome. I try to be accurate but I cannot assure you that everything I say is correct or legal.
3 Comments on Loan Modifications communicate with your lender how? »
Jerusha @ 3:01 pm:
Hi,
This is Jeri from Lanham Maryland. I would like to order your course can I still get it by sending the shipping and paying the rest later. I will also be using my debit card. I want to make some money so that I can buy a foreclosed house. I want to help some friends of mine who are in trouble. I was on the computer last night and I see people who are not in foreclosure yet may be able to modify their loan also, do you know any thing about this? The video is great. Please let me know how soon I can get started.
Thanks,
Jeri
Markus @ 8:35 pm:
How does Loan Mod affect your Real Estate license. The CA dept of Real Restate is currently investigating Licensee/ Brokers who are conducting business doing Loan mod. it is illegal to collect a up front fee until services are rendered. Richard do you have any suggestions regarding how to do this businees if you are a licensee?
I teach how to do loan mods without getting an up front fee. It is very easy to do.
I cannot speak for the DRE in California or whether or not they are really allowed to regulate anyone doing loan mods for other people. You have to check that out and do what you feel is legal. But as far as collecting up front fees, it is easy to do business without collecting up front.
warmly
–Richard
James @ 4:17 pm:
Richarrd What to do? I attempted to do my first short sale, and with the help of your Mortgage Relief Formula I was successful in getting the short sale approved. It took nearly 1month and 1 week to get everything squared away, or what I thought was squared away. During closing, signing of papers at title, the borrower and buyer signed docs and everything was smooth sailing. That is until the escrow officer called me up the next afternoon in a frantic frenzy wanting to know where the payoff figures were for the 2nd mortgage on the property, you know the one that shows up on the prelim title report. I ofcourse didnt have an answer because of my lack of understanding of the whole process. I was told early on by 1 of the 4 negotiators that Countrywide would send over my paperwork to BofA for approval once we received that approval. Well that wasnt what happened, and here I was left holding the "blame me" sign. Well at least im learning. My question to you is now that Ive lost the initial buyer, my initial short sale approval is expired, and the second mortgage short sale packet hasnt been approved, where do I stand with the Lender? The property values have declined still considerably from the initial offer and the Lender will not get as much as they were getting last time. I successfully postponed the trustee sale for the 3rd time, but I am at a loss as to what to do now. PLease HELP!!! James
You are already ahead of the game. First, you took the Action Step. Good for you!
Second, you are positioned to find another buyer. Negotiate something with the second but meantime, find another buyer. Drop the price way down. Get a new contract. This is quite salvagable. The negotiator is assigned, they are paying attention. You found one buyer, now find another.
And make sure you are in the Free and Clear Club, so you can get more help privately. Email support at mortgagereliefformula.com with your order info so they can get you access.
warmly
–Richard