If you cannot refi then you must modify!

New VW and Other Purchases I Didn’t Make June 4, 2008

It seems strange considering my profession. I recently pulled a copy of my credit report through the credit watch service I am a member of. I needed to purchase a car so I wanted to see where my scores stood and shop for the best interest rate. To my surprise I had purchased a brand new [...]

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Loan Modification – The Best Chance for Success April 30, 2008

This week we are discussing a painful, but important situation that a lot of American consumers are facing. It is so scary to think that you might lose your home, but we want you to know that there is hope. We want to be a resource to those folks because we have been there and [...]

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Beauty in Simplicity Chapter IV – The Final Verse April 25, 2008

My family lives in a small, rural town in Southern Indiana. We are surrounded by a soy bean field with hundreds of sprawling acres across the street and a large lake that adjoins our property in the back. Sounds nice, right? Why am I so discontented?What is it that continues to drive me toward always [...]

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Beauty in Simplicity Chapter III – The Endless Road April 24, 2008

I began writing about the subject as a result of my daughter and I going on a field trip to our county 4-H last week. All the modern day farmers talking about raising chickens, cows, rabbits, and living off the land made me yearn for a life like that. This is my journey…The truth is [...]

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Beauty in Simplicity Chapter II – What’s in the Box? April 23, 2008

In his book, Halftime, author and successful businessman Bob Buford comments on the purpose of money in the following manner: Mike Kiami is a strategic planning consultant. He is brilliant. He is intuitive. He is demanding. He slices through all the pretense and posturing, and hones in on the core. He does not believe in God [...]

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Beauty In Simplicity – Chapter 1 April 22, 2008

“Stop this train, I want to get off!” – Vanilla Ice Yesterday I touched on the fact that I am soul searching for the simple life. My wife and I used to think the Amish had the answer. I now know, as I mentioned, that I do not have to buy a farm and work the [...]

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A Rabbit Meat Shortage, The American Consumer, and Something About The Simple Life April 21, 2008

I went on a field trip with my 3rd grade daughter this past week to our county 4-H. I learned a lot about farm animals. It was quite amazing because I saw the farmer of today and even with all the modern technology, (like a $280K combine that has a stereo, GPS system, and two seats) it [...]

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How To Not Blow Your Tax Refund April 2, 2008

In my previous post I wrote about the importance of filing even when you owe. Today I am going to give some helpful tips on preparing for your refund. Whether you are getting $500.00 or $5000.00 it is human nature to spend your money two or three times before it even hits the bank. I would encourage you [...]

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How To Proactively Protect Your Identity March 26, 2008

Freecreditdusters.com has a great article on ID Theft – Check it out

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Time, not money is the key to a great Spring Break March 25, 2008

Time, not money is the key to a great Spring Break! Back in the day there was a big movement of child experts who claimed that your kids require, “quality and not quantity.” If this has been your philosophy I have a question for you, “How is that working for you? “ The cold, hard reality is [...]

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If you cannot refi then you must modify!

Posted on October 3, 2007 by creditdusters

BIG STATEMENT: One of the least understood and most understated foreclosure saving options is that of the Loan Modification. Read on and I think you will agree with me.

I have found a great resource that explains the in’s and out’s of the Loan Modification (Workout) process:

Essential Tips When Applying for a Loan Modification – http://loanworkout.org/2007/10/01/essential-tips-when-applying-for-a-loan-modification.aspx

Loss Mitigation Phone Numbers – http://loanworkout.org/2007/10/01/loss-mitigation-phone-numbers.aspx

Example Harship Letter – http://loanworkout.org/2007/10/01/example-harship-letter.aspx

I hope this helps,

Matt Sullivan, CEO / Credit Dusters, Inc. / matt@creditdusters.com

Filed under: Life