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Loan Modification ebooks: A waste of money?
Believe it or not, Loan Modifications may still be in it’s infant stage. Most banks have only just started doing loan modifications back in 2006 or 2007 and some as recent as 2008 or 2009. Since then, guidelines for loan modifications have morphed tremendously and almost on a monthly basis. Banks are now closely scrutinizing everything you send them; pay stubs, bank statements, rental agreements, award letters, credit report expenses, savings, hardship letter and everything you decide to send them. The process isn’t as cut and dry as it was once was. So, will an ebook provide you with enough information to get your loan modified. It’s hard to say. So, I bought a few ebooks online and here is what I found:
I read the bio on the authors of these ebooks. These authors consists of mortgage brokers, homeowners who claim to have done the loan modification themselves, or individuals who worked for the bank. I have an issue with all of the above.
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