Lenders are more likely to help distressed homeowners modify their loan quickly if they are prepared with the appropriate documents
Hermosa Beach, CA (PRWEB) October 1, 2008
HomeForeclosureFighter.com, a leading foreclosure prevention website, today announced the launch of their comprehensive Guide to Loan Modification. The free guide, available as a PDF download, provides a step-by-step breakdown of the loan modification process.
"Our mission is to match struggling homeowners with a solution to their mortgage nightmare. Part of that involves educating them on their options," said Mark McKendry the CEO of The Wisdom Companies. "We offer tools for homeowners to do loan modification themselves, and also give them the opportunity to connect with experienced companies that can help renegotiate their mortgage."
The Guide to Loan Modification not only explains what loan modification is and how it works, but it also provides worksheets and sample documents to help homeowners prepare for the process.
"Lenders are more likely to help distressed homeowners modify their loan quickly if they are prepared with the appropriate documents," added McKendry.
Other topics and resources covered in the guide include:
- Background explaining the basics of a loan modification
- List of documents homeowners must present to their lender when applying for a loan modification, including a sample hardship letter
- Advice on how to work with lenders' loss mitigation departments.
- Analysis of the benefits of doing a modification yourself versus working with a company to modify your loan
- Important questions to ask a loan modification firm if a homeowner chooses to use a private company
More information and a download link for the guide can be found at: homeforeclosurefighter.com/guide.
HomeForeclosureFighter.com provides distressed homeowners with information and resources about loan modification and other tips for avoiding foreclosure. This year, the site has helped nearly 100,000 homeowners connect with Foreclosure Prevention Specialists that specialize in helping borrowers avoid foreclosure.
About The Wisdom Companies:
The Wisdom Companies is a premiere provider of online marketing services. The company streamlines the client acquisition process by matching targeted consumers with service providers. Since 2002, Wisdom has connected over one million motivated consumers with financial services firms in the mortgage, insurance and credit industries.