The good news is that I did succeed in cutting the interest rate on my home mortgage in half. The bad news is that this success came at a heavy price of stress, anxiety, worry and day to day attention over a 14 month period. I wrote How to Get a Mortgage Modification in These Crazy Times to share with others like you what I learned about the process.
If you apply for a modification without knowing what you are in for, you are in for a rude shock to your nervous system. Be prepared to be stressed and traumatized. I was. I have key suggestions and insights that will speed up the time it will take to get a decision, reduce your worry and ease your anxiety.
I also know a great deal about the process as a foreclosure mediator. As a foreclosure mediator I have had the fascinating opportunity to have conversations with managers in positions to decide whether a home owner gets a mortgage or not. I really do have the inside scoop for you on what it takes to succeed. I offer in my new book all the information you need to figure out for yourself whether you have little chance to succeed and if it is even worth applying in the first place.
I have mediated cases where the home owner succeeded and many cases where the home owner failed to get their home mortgage modified. As such, I have a good sense of why some people succeed while others fail. As you probably guessed already, the information you read on foreclosures in the press and media is a far cry from what is really happening today.
Please do not think for a minute that I knew what I was doing when I applied for… Read more…