Mortgage Loan Modification

By Dan Melson on October 15, 2008 2:30 PM | Permalink | Comments (0)

I have just attended an initial introductory briefing on Mortgage Loan Modifications.

I still have a lot to learn, but over the next few days, I will be writing on my understanding of the program - what is likely and unlikely to fly, etcetera. I have training scheduled to learn all of the nuts and bolts a professional needs to know in order to participate meaningfully, at which point I will be offering one such program.

For now, I have a "What the consumer needs to know plus the executive summary of what a professional needs to know" level of knowledge.

But the important thing for consumers to know right now is that for the first time, I am going to have a tool that I can use to keep people from being foreclosed upon.

I can't stay in business doing Loan Modifications. But it is a tool that I can use to make the problem better without suffering through a year or more of problems and short sale or foreclosure first.

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