Obama Mortgage Plan: Modify Your Mortgage Fast
If you are facing delinquent mortgage payments and the possibility of losing your home to foreclosure, you may be eligible for a fast mortgage modification using Obama's Stimulus Plan. The Treasury Department has implemented a loan workout program designed to help millions of homeowners avoid foreclosure with a low, affordable loan payment. Learn how you may qualify for help under this program.
This plan will be funded by over $75 billion in Government money. Most of this money will be given to mortgage lenders and banks as an incentive to help struggling homeowners, and approve their mortgage refinancing or home loan modification applications.
Contact your bank and ask to be considered for Obama's mortgage modification plan. DO NOT give your bank your financial information until you learn and understand the guidelines for approval. Prepare your financial statement and other application forms correctly so that you prove that you meet the guidelines-make any adjustments before giving your information to your bank
Gather all of the required documents together following a checklist so that you know you are not missing any items. Now you are ready to submit your loan modification application and have the best chance of approval
Participating lenders have agreed to follow clear and consistent guidelines from the Treasury Department in order to be eligible for incentive payments. They are required to offer a reasonable monthly payment based on the homeowners current financial situation. Lenders must reach out to homeowners who are not currently delinquent but who at at risk of default. They are asked to halt foreclosure sales while an application is in review-although they may proceed with foreclosure filings.
Obama's Stimulus Plan could be the answer you need to modify your mortgage fast and avoid foreclosure. Preparation is the key to success-you don't have time to make costly mistakes. the Fed has said that banks must respond to a homeowner within 10 days of receiving a request for help, and they must give an answer to the loan modification within 30 days of receiving a complete loan modification application package. Your job is to prepare an acceptable application so that you can get the help you need and deserve.
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. Learn how to apply and qualify for the Obama federal program too. Get started today on the path to secure home ownership, order and download The Complete Loan Modification Guide.
This plan will be funded by over $75 billion in Government money. Most of this money will be given to mortgage lenders and banks as an incentive to help struggling homeowners, and approve their mortgage refinancing or home loan modification applications.
Contact your bank and ask to be considered for Obama's mortgage modification plan. DO NOT give your bank your financial information until you learn and understand the guidelines for approval. Prepare your financial statement and other application forms correctly so that you prove that you meet the guidelines-make any adjustments before giving your information to your bank
Gather all of the required documents together following a checklist so that you know you are not missing any items. Now you are ready to submit your loan modification application and have the best chance of approval
Participating lenders have agreed to follow clear and consistent guidelines from the Treasury Department in order to be eligible for incentive payments. They are required to offer a reasonable monthly payment based on the homeowners current financial situation. Lenders must reach out to homeowners who are not currently delinquent but who at at risk of default. They are asked to halt foreclosure sales while an application is in review-although they may proceed with foreclosure filings.
Obama's Stimulus Plan could be the answer you need to modify your mortgage fast and avoid foreclosure. Preparation is the key to success-you don't have time to make costly mistakes. the Fed has said that banks must respond to a homeowner within 10 days of receiving a request for help, and they must give an answer to the loan modification within 30 days of receiving a complete loan modification application package. Your job is to prepare an acceptable application so that you can get the help you need and deserve.
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. Learn how to apply and qualify for the Obama federal program too. Get started today on the path to secure home ownership, order and download The Complete Loan Modification Guide.
posted by Vittoria @ July 19, 2011
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