Search the Web


Friday, August 13, 2010

Loan Modifications Top 5 Myths

Loan modification is quickly becoming a household word, commonly used and understood by almost everyone. And yet there are many misconceptions and myths about home loan modification that are still commonly held.

Home loan modifications have always been around, but most people don’t even know they existed until recently.

Here are Top 5 Myths that we consistently hear from our clients and various seminars:

Myth #1: You have to be late on your payments to get a loan modification.

You do not have to be defaulted on your mortgage in order to be granted a modification. You need to prove to your lender that you are in imminent danger of defaulting because of your financial situation.

Myth #2: Lenders would rather foreclose than modify your loan.

Not true! Lenders lose a lot of money whenever a house is foreclosed, especially in today’s wilting housing market. They have so many foreclosures on their hands right now that they definitely would rather adjust your loan terms and see successful payments. In fact, this is probably one of the best times to get a loan modification, especially after the passing of the President’s Making Home Affordable plan.

Myth #3: Loan modification will hurt my credit.

It really depends on the type of loan modification you get, but in general modification will not hurt your credit. Furthermore, you aren’t required to have good credit in order to obtain a loan modification. Just a steady job and proof of economic hardship should be sufficient.

Myth #4: You can easily get a loan modification by contacting your lender.

While you’re free to try it, going it alone is not advisable. Use a financial counselor to be your advocate. Choose a counseling company with legal representatives who will work for you and know the laws better than you do. Letting them work it out with your lender will get you the best solution.

Subscribe here or email info to for Loan Modification services.  Submit contact information so that a house counselor can determine if a Loan Modification is right for you. And there is no obligation whatsoever when you submit the contact form.

Myth #5: If you already received a foreclosure notice, it’s too late.

Again, foreclosure is not a profitable option for lenders. They send these foreclosure notices out not because they want to foreclose on your house, but because they want to impress on you the importance of paying up. While waiting until you’re extremely delinquent limits your options for modification, it certainly doesn’t preclude modification.

Stopping the foreclosure process on your home can be done with loan modification. There are a lot of myths about home loan modification swirling around homeowners right now, but knowing the facts can help you to stop foreclosure and keep your home.

Feel free to peruse the Forum for Enterprise Blog for more information and/or to request for a no obligation consultation and see if a Loan Modification is right for you.

Original article from Lindsey Emery.

Thursday, August 5, 2010

Grants Available - Become an Admissions Counselor

This is the beginning of a job/self-employment/entrepreneurial craze.   What is this opportunity?   This is an opportunity to become an admissions counselor and sale online educational classes in fundraising certification.  The admissions counselor certification is absolutely without cost provided that you obtain a grant to get enrolled to take the online training class.

The training course takes about 40 hours total and requires 1 week of intense study.  The course training will cover the techniques to selling our online educational course, the guidelines for maintaining your sales license upon completion of the course, the steps to setting up your website, how to generate leads using online marketing techniques and how to setup the phone campaign.  All of this will serve as the what, who, how, when and where that is needed to establish your online educational sales force. 

Grants are provided by Forum for Enterprises in association with FAO.  You have to  pass the test in order to activate your certification.  Currently, we are seeking over 100 AC's all over the nation.  Subscribe to our blog, complete the course, pass the test, setup your website and you can begin a new career as an AC.  Sale 3 clients, complete the AM course, pass the test and become an AM.  Projected salaries for AC's is approximately, $1,000 per week, AM salaries are projected at $10,000 per month.