Understanding Loan Modifications in Today’s Market

It has been 1 year since our business at Foreclosure Prevention Institute, LLC at www.foreclosureinfo.bravehost.com has intensively and extensively helped Michigan homeowner’s with their home situation to help prevent foreclosures. Times, policies and events within the Mortgage industry have been rapidly changing within this time period. One important change involves the department of Loss Mitigation. When I now call some lenders to loss mitigate, the lender will say that we no longer have a loss mitigation department. Today, they have two departments: A collection department and a loan modification department. I think this is due in part to the new federal legislation that is coming down the pipe (so to speak) to ultimately slow down the rate of foreclosures and to help homeowners who are trapped in a loan due to predatory lending.

On this note and a bit of a tangent, one must also realize that this legislation is also designed to help bail-out the lending institutions, and the national and international investors who backed the loans. The lending institutions are having to make significant changes in this subprime meltdown and economic recession just to meet federal mandates and to stay in business (eg. Bank of America just bought-out Countrywide). Certainly, Congress is pressuring them and their financial portfolios are requiring them to make these changes. Not only are banks hurting financially, but they are also having trouble with property management. Furthermore, banks are no longer able to easily make the “fast and staggering bucks.” Understanding this helps me to say to Mr. and Mrs. Homeowner that the lender truly doesn’t want your home. They know that if a house goes into foreclosure, they will lose between $30,000 to $50,000. Lenders’ commodity is money and they make money on the interest of the performing loan. So lenders, really, just want the mortgage payments to be paid and in a timely fashion as promised within the documents signed at the closing table. In fact, it is in the best interest of the lender to mitigate to cut their losses. So the question always comes back to “How can the homeowner meet this obligation when he/she is similarly facing a financial hardship and can’t pay today?”.

Well, the two parties must communicate, negotiate, and loss mitigate. If the homeowner is behind in their payment(s) and wants to save their home, it is important for the homeowner to call the lender to tell the lender when they think or they will be able to make the next mortgage payment. In the preforeclosure stage, one will be referred to the collection department. The service representative will help to set-up a work-out solution or forbearance plan which usually involves signing a written agreement while they refer the current loan or loan in default to the loan modification department. It is important that the homeowner knows three things:

A. Usually, lenders automatically through a computerized system place a homeowner into foreclosure proceedings when they are 60 days late in their payments. This is the danger zone, and negotiations and communication needs to occur.

B. Loan modifications are not guaranteed. Right now lenders are considering and qualifying each homeowner for a loan modification depending upon their hardship and their adjustable rate mortgage especially if the rate adjustment is going to occur within the next 60 to 90 days. Know that the lenders are more likely to grant a loan modification if the ARM caused the financial hardship or will cause a financial hardship. Simple debt or the loss of a job is not always enough to permit a loan modification. After all, everyone would like to lower their interest rate. Lenders have set parameters, guidelines, and rules that they must follow. A new interest rate in a loan modification is many times determined by the homeowner’s pay stubs (income) and tax returns, and the willingness of the investor who holds the deed. It normally takes between 45 to 60 days to obtain a loan modification. During this time period, the lender wants to be assured that the homeowner can make monthly payments.

C. Documents needed vary depending upon the lender, but typically the lender will need the following items so they have the right information to consider and process the loan modification:

A hardship letter
IRS tax returns from the last two years
Last two paystubs of borrower, coborrower and/or anyone else in the home that would help establish income to cover the mortgage
Last two bank statements
Insurance declaration page to show insurance is paid and current.
Social Security, disability, or chid support documentation
An old or new appraisal might also be helpful within negotiations especially if one cannot sell the home because it is over-leveraged. Completing a financial income statement/budget is also important to establish financial priorities.

If you, the homeowner, is unable to talk to your lender or the lender won’t listen to you then please call Foreclosure Prevention Institute, LLC at 1 800 826-1929 and ask for Dave or Janet. Specifically, Dave has worked full-time in the foreclosure market for over 20 years. We will answer your questions, discuss options, and if wanted provide coaching services so you can save your home through loss mitigation. 1st Loss Mitigation of Michigan, dba of Foreclosure Prevention Institute, LLC also does Short Sales for homeowners who are unable to keep their home, but want to save their credit. Time is of the essence, so call today. Don’t be afraid to pick-up the phone, just call Foreclosure Prevention Institute, LLC at 1 800 826-1929. Foreclosure Prevention Institute, LLC is truely helping homeowners save their homes from foreclosure. Also, please visit Foreclosure Prevention Institute, LLC at www.foreclosureinfo.bravehost.com and www.grandrapidshomeplace.com/real-estate/for more information on foreclosures and the foreclosure process.

New Internet News Blog

We are so glad to announce that you can now get all the news and updates to the Palm Beach area Community. Our blog covers Internet Marketing in relation to the Palm Beach area and surroundings. With our main focus of Internet Marketing in the coming years and how everyone can use this information to further their own business on the Internet or off the Internet. We hope we can make a difference in how the future shapes up in Palm Beach, Florida, by giving you meaningful insights for what is coming up in the near and far future. Our community is a vibrant mixture of old and new influences that can only get better with time. We will do our best to keep you informed of the many things that are going on all around us.
We also have a sister site palmbeachmegaportal.com, where any business in Palm Beach County can be registered to this powerful search engine and be known to the Internet Community. This site is new but quickly catching on as the place to go and look up anything in the Palm Beach are.
Stay tuned.
Frank Graulau

palmbeachmegaportal.com

palmbeachmegaportal.com/news/

Choosing A Modern Vacuum Cleaner

The best vacuum cleaners for allergy sufferers don’t blow dust. Vacuum cleaners come in three or four different types, and you should do some research and decide what?s best for your needs. If you have carpets of any sort you may want an upright model to do the best job. Vacuum cleaners are supposed to keep all the dust in the machine or in the bag. According to reviews, however, some models spit dust back out into the air.

Some children are invited to help out with the cleaning of their home in a fun, responsible and inspiring way. Vacuum cleaners have evolved over time to satisfy specific cleaning roles within your household. While uprights are the most popular models as they typically have the most features and cleaning power, there are other types to look at. Vacuum cleaners that use paper bags to contain the dust and allergens are your best choice.

If you want quality that offers economic power consumption and is lightweight, consider one of the new compact Miele S4 Galaxy models. Many Miele vacuums come with most asked-for features such as fully electronic suction controls, power brushes for carpets and combination tools for rugs and bare floors. This part may fit older models. Enter your model number. More than 20 models of portable vacuums available. Regenerative, centrifugal & positive displacement models.

In fact, Miele?s unique Vortex Motor System? is engineered to last for an average of 20 years of residential use ? and to provide the same superior suction in year 20 as it does in year one. Like the durable and powerful Miele-made Vortex motor, all Miele?s parts are road-tested for endurance. The SR motors produce no harmful carbon emissions and are billed as lasting twice as long as conventional motors with brushes. The completely independent DC06 also charges its own batteries via a high-speed charger, and to thoroughly convince you of its intelligence, there’s even a mood indicator light – blue for happy, green when negotiating an obstacle and red if it feels threatened by its environment.

Thermax Vacuum

Thermax Vacuum Cleaner

Thermax Vacuum Parts

Thermax Vacuum Cleaner Parts

Proper Guidelines To Judge A Home Business Opportunity

The Two best direct sales opportunities I have found on the internet are My Internet Business and Abunza but, I want to give a way to judge any home business before you start one.

Since I have been involved in internet home businesses I have put together some guidelines for reviewing a home business opportunity. I believe these guidelines must be present inorder to be successful in the business of your choice. lets get to it…

Your success in a home business is dependent on the below factors so read them all the way through.

1. Find a success mentor. It is critical, you want to find someone you can trust. A mentor that has a proven system that anyone can plug into. This person has to already have the results that you desire. Most importantly they have to be someone who is truly willing to listen to your needs and cares about your success.

The opportunity you choose must have a way of rewarding them when they do help you, in other words a financial intrest in helping you.

2. Be sure that the products are high quality and can stand on their own and offer true value. You are looking for products that would sell themselves if someone were looking for them. Most direct sales and network marketing companies are simply built around the compensation plans and not the product. If there aren’t stand alone products, you will have trouble building a strong team and income in the future.

Find out what percentage of the products sold are retail sales. If distributors are only buying the products so they can sell them to recruits, watch out. There are plenty of good opportunities to choose from so be wise and pick the one that fits you.

3. Make sure that you are working with a team that has a turnkey marketing system in place that anyone can duplicate. This needs to be a fool proof system that ANYONE can plug into and get results right away. If you have to figure out how to generate your own leads or if the company relies on recruiting family or friends, purchased leads or newspaper ads, RUN AWAY. If you don’t have a reliable way of getting quality prospects in front of what you have to offer than you can’t be guaranteed long term success.

4. Make sure that the company has a stong vision in place to carry it forward for many years. You want to make sure that if is something you are going to build and put your heart into, that it will be arounf for years to come. Also make sure that the company isn’t hiding offshore in the Bahamas or Panama to keep out of reach of the attorney general. This is a red flag that something is not right.

5. Find a direct sales company to work with. I have never personally achieved a significant income with MLM or network marketing type business models. The attrition is way too big and the commissions are too small.

6. Make sure you don’t have to pass up sales as part of your qualification
process. You should be able to earn income from day one. This is absolutely
critical so that you may get into profit and recoup your investment as fast as possible.

7. Make sure the company you are working with doesn’t have any conflicts of interest. You can tell by their large monthly fees, trying to sell you leads, or partnerships and alliances that are designed to fill the companies pockets with your money.

8. Find a company of which you don’t have to do any explaining or personal selling. You should have a team of people to help you out or a sales system where you can outsource the closing to a team that will take your calls and sign prospects up. You are looking for more time freedom right? You don’t want to be chained to your phone all day.

9. You need to learn how to trust your gut. If you feel good about what you’re doing, then great pursue it with all you have. However, if you can’t seem to get straight answers about products, services or systems, run away! They probably aren’t telling you the whole truth and they just want your money.

You will be able to tell if someone is trying to actually build a relationship with you or just trying to sell you something. There are tons of scams out there just hiding behind innocence and opportunity.

Finally, is what your about to do something you can truly share with others and be passionate about? If the answer is no, then how will you ever be successful? Do something meaningful and you have to have a willingness to help other people reach their goals as well. If you help enough people reach their goals, you will be able to write your own ticket.

To Review The Top Businesses I have reviewed that fit the guidelines above, visit the links below:

Approved Business #1 => My Internet Business

Approved Business #2 => Abunza

I’ll seeya at the top,

–Westly Lager

WOW .. never seen before : the MOST POWERFUL Webmaster Script !

So … what is Virtual Smart Agent and how can it benefit you?

This technology is so new … it almost looks like science fiction! VSA is the world’s FIRST stand-alone
Virtual Sales Agent enables you to put an automated chat solution on your website WITHOUT having to pay someone else for the service…

But I didn’t stop there. I also made it BETTER than anything else out there, by making it possible for you to train your virtual agent, split-test the results, and even build your opt-in list on autopilot!

This technological masterpiece has already been PROVEN to boost sales by up
to 40%, and the marketers who manage to get their hands on it are going to
be at a huge competitive advantage.

Not only does it boost sales, but it can also build your list on autopilot,
and even increase your affiliate commissions.

It’s basically like having your own virtual “employee” that never sleeps. It
just keeps working for you and building your business 24/7 with no breaks.

You see, Dave Guindon, the product owner, is also an experienced online marketer as well as an advanced software developer. So he knows how to deliver quality products along with how to use the products to your advantage.

Not many product owners even attempt to over-deliver as much as Dave does!

Here is a short list of the powerful features this software provides:

• Increase your website conversions up to 20-40% in a little as 2 weeks!
• Dramatically reduce your shopping cart abandonment.
• Instantly increase the value of each website visitor.
• Improve your website visitor’s experience (builds trust and repeat business).
• Increase your customer loyalty and overall satisfaction.
• Quickly grow a highly responsive opt-in list of interested prospects.
• Reduce labor costs.
• Save time by reducing questions and support requests.
• Up-sell or cross-sell similar and/or additional products to boost your revenue.
• Find out WHY customers are leaving your site.
• One installation works on ALL your websites… boost your entire business!
• Builds your opt-in list on autopilot!
• Auto follow-up emails to your web visitors after they leave your chats!
• And a lot more …

Dave Guindon offers an unbelievable LIFETIME money back guarantee!

So you basically have nothing to lose … I didn’t! The software works great and I use it everyday.

Check it out here : Virtual Sales Agent

Thanks for Reading,

Chris
http://www.smart-virtual-agent.com/

Chicken Salad Recipes – Chicken Macaroni Salad

Here is a basic chicken salad recipe that’s suitable for lunch, dinner or a potluck meal. This is a very simple chicken salad recipe, especially if you are just learning how to make chicken salad. There’s nothing like homemade.

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Recipe For Broccoli Salad – Savory Broccoli Salad

This savory, cold broccoli salad recipe features fresh broccoli, eggs, bacon and raisins topped with a creamy dressing. Combine all the salad ingredients in a mixing bowl. Make the dressing and pour over the salad mixture; stir.

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Original KFC Coleslaw Recipe

If your anything like myself, you absolutely love KFC’s coleslaw and would love to get your hands on a recipe that is just like the KFC coleslaw you eat at the restaurant. What started as a mission, and took me six months to find, ended with this little beauty of a KFC coleslaw recipe that tastes exactly like the original. I hope you enjoy this as much as I do.

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KFC Secret Recipe – KFC Coleslaw Secret Recipe

KFC coleslaw recipe. This is the closest recipe to the original that I could find out there. I have tried many that are extremely close, but this is the best hands down. Enjoy!

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Another Great Copycat KFC Coleslaw Recipe

If your anything like myself, you absolutely love KFC’s coleslaw and would love to get your hands on a KFC coleslaw recipe that is just like the coleslaw you eat at the restaurant. Here is another great copycat KFC coleslaw recipe I found that tastes exactly the same as the original. The ingredients are slightly different than what they use, but this recipe tastes absolutely great.

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