Loan Modification Tips For North Carolina Homeowners

This week I wanted to share some advice that my firm has learned from dealing with lenders on loan modifications.
It seems that the news continues to have stories related to loan modifications and how homeowners are struggling to get the promised results.

http://www.cnn.com/2009/POLITICS/08/31/homeowners.mortgage/index.html. Hopefully these tips can help someone out there. 

1.  Think of this as a business transaction. Facing foreclosure is one of the most stressful situations anyone can be in. This is your home and emotions can run high during this time. When you are dealing with a lender representative, you are just one of thousands of files that person may have. Don’t let your emotions or frustrations get the best of you when you talk to the them. Approach it like you would any business deal. Always be polite to the person on the phone, make sure you have all of your information readily available, and answer their questions as concisely as possible.
2. Make sure you take advantage of any information that the lender will share with you. Before you call, check their website for available programs and guidelines. This will save you and them time. When you know what you need, gather all your information together and check all your numbers to make sure they make sense.
3. Send all requested information to them at one time. Make sure you verify the correct fax # before sending. Try to get a receipt showing that the fax went through and at what time it was sent. Call back to the lender in a couple of days and make sure that all documents were received.
4. In North Carolina only an attorney can legally handle a loan modification for you. The attorney also has to be a practicing North Carolina attorney. Don’t be fooled by out of state companies or attorneys that want your business. There are plenty of reputable North Carolina attorneys that will help you try to keep your home. Along with this, if anyone guarantees you success, say thanks but no thanks and contact someone else.
5. The best tip I have…… call me (919-866-0965) and I will share it with you. Any advantage you can get over a lender can help you get a better outcome.

Thanks and I look forward to sharing more information with you as the weeks go by.

http://ncloanmodification.blogspot.com/ Tags: loan modification, mortgage modification, foreclosure, how to stop foreclosure, loan modification tips, loan modification blog, www.stopforeclosurenc.net, loan modification tips for North Carolina