The Loan Modification Guide: For Homeowners and Their Professional Advisors - Softcover

Kackley, Dean Allen

Softcover

ISBN 10: 1449972268 ISBN 13: 9781449972264

Verlag: Createspace Independent Publishing Platform, 2010

Inhaltsangabe

Mortgage problems? This book will help.Newly updated. Available March 31, 2011.The "User's Manual" for HAMP, the federal Home Affordable Modification Program. Now with new chapters on challenging NPV results, escalating disputes, and closing short sales (HAFA). The most current and important information available for homeowners in distress.If you don't know what to do. If you've applied for a modification, but it's taking too long. If your lender made an offer, but it's not enough. Even if you've been turned down.Rely on this valuable resource during a long, unfamiliar, and discouraging process. It can shift the balance of power and help you get control.Cut through technical jargon and specialized knowledge. Homeowners and their trusted advisors now have a comprehensive reference when working with lenders. Step by step, it explains what you need to know and do to get a loan modification.Making Home Affordable, the "Obama Plan," sets rules for more than 85% of all home loans. What are the rules? Can I lower my payments? Is my lender required to modify my loan? Do I qualify? Does my lender play by the rules? Here are the answers to your questions, plus 12 questions to ask your lender.Understand the guidelines that the big lenders like Bank of America (Countrywide), Chase (WAMU), Wells Fargo (Wachovia) and CitiMortgage, use to modify home loans. They claim they want to help. Do you believe that? They work for someone else, "the investor." It doesn't matter anyway - they're overwhelmed. Borrowers must take responsibility for themselves. This book encourages, leads, empowers, and makes that possible.The Loan Modification Guide includes helpful suggestions and practical tools. Calculate your new payment. Complete the financial statement with a key to the nine categories used to qualify modifications. Look up unfamiliar, but crucial terms in the Glossary.Get organized before talking to your lender. Know whether you're eligible for a modification before you call. Be prepared. Be ready. Be confident.

Über diesen Titel

Über die Autorin bzw. den Autor

Dean Allen Kackley is a licensed attorney and real estate broker with a thorough knowledge of the federal Making Home Affordable Modification Program. He counsels borrowers regarding mortgage relief options and represents them in loan work-outs with their lenders. In addition to a wide variety of real estate transactions, his lending experience spans more than two decades. After joining Wells Fargo Bank in 1985, then a "portfolio" lender that owned all loans originated, Kackley helped to develop its residential mortgage business with his broad knowledge of underwriting, settlement, and servicing functions. He worked briefly for the Independent National Mortgage Corporation (IndyMac), a market-maker for mortgage-backed securities (MBS), mortgage pooling and servicing investments, and alternate and sub-prime loans. In more than $250 million of sale, lease, and financing transactions, his experience involves residential, commercial, and land development properties, and hundreds of closings. A graduate of Yale University and the University of Kansas School of Law, Dean Kackley writes with a passion, intelligence, understanding, and clarity that are rare for this kind of book. His practice is located in Napa Valley, California.

Details zur Ausgabe

• Verlag: Createspace Independent Publishing Platform
• Erscheinungsdatum: 2010
• Sprache: Englisch
• ISBN 10: 1449972268
• ISBN 13: 9781449972264
• Einband: Taschenbuch
• Anzahl der Seiten: 183
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: KreGa Onlinehandel GmbH; 4950000000000; info@krega-onlinehandel.de; ; Birkenweg 31; Brakel; 33034; Deutschland