A do it yourself loan modification is one of the best resources you can use if you are falling behind on your mortgage payments and in risk of foreclosure. A do it yourself mortgage modification is specifically created to help homeowners facing financial hardships, and help prevent foreclosure. A loan modification will restructure your current mortgage to make manageable with your budget.
Lower Your Mortgage Payments
Welcome to our blog. My name is Steve Fingerman and I am the Vice President of Mortgage Solutions in Spring Hill Fl. I have been a Mortgage Banker for the past 12 years and my partner Dan Sudnik has been in the industry for over 20. We started Mortgage Solutions in 2003 with the idea of good hard working people achieve the American Dream of Home Ownership with the best possible financing available for their individual needs.
Somewhere along the line things has gone completely the wrong way in our industry. Banks became overly aggressive with their exotic products, and the greed ran rampid through out our industry untill there was nothing more for the industry to do other than self destruct. The meltdown of the housing industry brought with it the suffering of thousands of home owners who took these exotic loans and now no longer could afford their homes. The American Dream had been shattered. We at Mortgage Solutions knew we had to do something to help not only our own clients, but the tens of thousands of home owners accross the country who were suffering at the mercy of banks and mortgage investors. The same banks that had recieved billions of dollars in bail out funds were not doing much to help their struggling borrowers. Can you imagine, you as a tax payer more than likely gave much of your hard earned tax money to bail out the banks (not that you had much say in it) and now the same banks were not going to renegotiate your mortgage and let you stay in your home!
That is why we came up with www.myloanmodificationstation.com . The website is dedicated to offering low cost solutions to those home owners who are struggling to keep their homes and want profesional help but simply can not afford to pay a loan modification company or an attorney thousands of dollars in fees. The Loan Modification Station is a software system that we designed with the sole purpose of letting the average person get a complete, profesionally prepared Bank Ready, Loan Modification Package. The Loan Modification Station will give you virtually every document you need to successfully negotiate your own Loan Modification without having to pay someone thousands of dollars in fees. The system is easy use, and is the lowest cost profesional solution you can find and only $119.00 it is affordable to almost every distressed home owner and can offer real results.
I encourage you to explore the website at www.myloanmodificationstation.com and see for yourself why it has helped home owners keep their home by making their mortgages more affordable. We have had many clients come back after using our Loan Modification Software and tell us about the bank that they had finally offering them Loan Modifications with Terms that were affordable. Many of them even received principal reductions because the Loan Modification Station give the bank a complete proposal including a proposed principal reduction based on a detailed risk analysis included with the Bank Ready Loan Modification Package. I hope that you will save this site in your favorites and come back to check it often as I will be updating it regularly with different tips and information that you can use in order to save your home. The banks have teams of highly trained people all working against you the Home Owner, should'nt you have someone in your corner working against them? We think you should! Please feel free to leave any comments, or contact us and we will be glad to answer any questions you may have about the Loan Modification Process, Loss Mitigation, Short Sale Options, or New Loan Origination. We look forward to providing you continued support and solutions through these difficult times, and we are Honored to have you as our clients.
Steve Fingerman
Vice President
Mortgage Solutions
4119 Mariner Blvd.
Spring Hill Fl, 34609
352-688-7949 Office
352-688-7656 Fax
www.fhaforall.com
www.myloanmodificationstation.com
www.stevefingerman.com
Blog
OK so I am pretty new here, but I will do my best and see where this takes me. As a disclaimer I have to tell you all that I am no expert in grammatical syntax, nor am I great at editorials and proof reading. With that said, lets dive right in and talk about the train wreck we all know as Loan Modifications.
For the past few years I have seen the banks do the craziest things I think I have ever witnessed in career as a mortgage banker. Repeatedly banks have made stupid decisions that in the end have cost them more money. Now I’m OK with a bank losing money but here is where the problem truly lies. When the banks that are “too big to fail” loose their money, we as the tax payers almost always are called upon to come to the rescue. Not all bail outs are necessarily a bad thing, and I believe that some of the steps taken were much needed. So what is my problem you ask? The problem is this, while we cumulatively have stepped up and propped up the banks we did this under the understanding that it would spur lending. The problem is that for all the billions of dollars spent, we have no more lending today then we did a year ago or even 2 years ago. What we do have though is new regulations that are supposed to help protect consumers. So do you feel protected? I didn’t think so! The problem is that all we have truly done is make it more difficult for most consumers to seek out help. I know there have been all kinds of horror stories about loan modification companies taking money from distressed home owners and not performing the services. These criminals should be punished to full extent of the law. Unfortunately because of these criminals the laws have significantly changed, and you now can not charge a client any up front fees unless you are an attorney or work directly under an attorney. There lies the next problem, it seems that many of the loan modification companies have now partnered with attorneys and therefore are getting away with charging large up front fees. Now there is nothing wrong with earning what you are worth, but many times over I find myself sitting with a client who has paid some so called attorney representing loan modifications thousands of dollars only to find out the firm did nothing to help them. Some of the worst ones have even told the clients to not pay their mortgage only making their situation worse.
After months of work, and analysis we have come up with a system designed to help borrowers do their own loan modifications using software similar to what the banks themselves are using. You can find it at www.myloanmodificationstation.com. The Loan Modification Station is designed to let a borrower log into the system enter all their personal data and get a complete loan modification package that is complete and professionally prepared, ready to send to their bank. The best part is that we have made the system affordable for almost everybody. The pricing is set at only $119.00 for a complete DIY scenario, and $295.00 with full support. While we do not negotiate on the borrowers behalf we do offer full support with regard to negotiation tactics, responses, and procedures. We understand that many distressed home owners are already under enough pressure and when we designed the system it was designed with the thought that it had to be affordable. The last thing we wanted to do was put an undo burden on someone who is already in distress financially.
The Loan Modification Station will also give the client a complete proposal, financial statements, hardhip letters, a hardship affidavit and even a complete risk analysis showing the lender their potential loss vs the benefit of modifying the loan.
Please visit www.myloanmodificationstation.com for complete details and information. The system is designed to be easy to use, and consumer friendly. Please also remember that you do not have to be currently in default to be eligible to modify your mortgage. You do however have to be in imminent danger of default. This means that if you have found yourself in situation where your income no longer covers your expenses you qualify under President’s Mortgage Modification Program. The same applies if you have exhausted most of your savings to just cover your expenses. Remember that the consumer can do their own Loan Modification but a complete and professional package from www.myloanmodificationstation.com will help make sure you get the best terms possible from your lender.
We are also working on a version of the software that will apply the same principals to short sales, and allow someone to enter the same data and get a complete short sale package with risk analysis, proposal, hardship letters and any other related documents that may be required. Stay tuned for more information. When that launches, it will have a small monthly access fee which will allow agents to use the system as frequently as they need it for a small monthly access fee.
Steve Fingerman
Realtor / Mortgage Banker
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