Author Description

In our economic history, we've never seen so much wealth evaporate so quickly. Of the approximate 16 million Americans who bought homes between 2004 and 2006, most find themselves upside down with little or no equity, as do those who have recently refinanced. The experts say that 8 to 10 million homes will go into foreclosure by 2012, and that the second wave of foreclosures has yet to come. This will be driven by the "not quite prime" adjustable rate mortgages that banks loaned to borrowers during the housing boom.Many loan modifications are not being approved today. However, this booklet will arm you with the right information and tools to ensure that you can successfully structure and submit a loan modification package. Always remember - it's all about knowledge and taking action.Never in history have the banks and government implemented programs for distressed homeowners to keep their homes. This is a once in a lifetime opportunity. Seize the moment and ensure your own success!