Free Loan Modification Help for Homeowners

by Moe Bedard

Loan ModificationHello my name is Moe Bedard and welcome to LoanWorkout.org, America’s #1 loan modification and home loan blog on the internet. 

I have been providing free foreclosure help, information and safe tools to struggling homeowners since early 2007.  My good deeds and humanitarian work has been featured in the New York Times, LA Times, Fox Business and dozens of other media outlets all over the world as an expert in this field. 

In addition, my forum over at LoanSafe.org has helped over 300 families save their homes for free and this has been documented by the actual homeowners themselves since 2007.

You can read more about me and the media here if you like. If you’re looking for the latest home loan news or my infamous home loan blog, I moved it here.

Below you will find everything you need to help stop foreclosure.

I have all the free forms, loan modification agreements, paperwork, companies, government agencies, attorneys and ammunition for you to begin the fight to save your home. Please bookmark my blog or save it has a favorite because I update it regularly with important information. You can also subscribe right here if you don’t want to miss anything and have updates emailed to your inbox daily.

You can also download my free e-book on the right of my blog that includes everything you see below in an easy and down-loadable format. If you are in a hurry, I suggest you do that as opposed to going through the list below.

If you are a professional or a lawyer and are looking for the most complete guide available to help your clients, you can find more information or purchase my affordable 496 page manual right here.

If you are not getting the help you deserve and need a legitimate law firm with great real estate, mortgage and bankruptcy attorneys to assist you, look no further because I have connected with four of the best in the country.

Loan Modification Attorneys

Law Firms by State:

OK, now lets get down to home saving business. Again, below is everything you will need to get educated and empower yourself to stop foreclosure!

What is a loan modification?

This is also referred to as a  loan workout and it is when your current lender agrees to modify (change the terms) of your mortgage in order for you to afford the monthly payments and avoid foreclosure.  Your mortgage servicer generally will only lower the interest rate and possibly extend the term of your loan.

Principle reductions rarely happen. So, if you’re just looking to knock your $500,000 mortgage down to $300,000 because that is all your home is worth, it’s probably not going to happen!

Here are some very popular blog posts I wrote on this subject and bankruptcy. I suggest you read them:

How do I know if I qualify?

A mortgage modification generally occurs when both parties (borrower and lender) to a problem loan mutually agree to workout the issues by creating new and better loan terms. The hope is that the new improved mortgage will enable to the borrower to meet their obligations and avoid foreclosure.

The determining factors that your lender will look at are:

  1. Nature of Hardship Causing Your Mortgage Problems
  2. Ability to pay
  3. Amount Owed
  4. Equity in the property
  5. Future financial situation
  6. What is better for them? To foreclose or pursue a loan workout with you and or modify your loan. Meaning which approach will best benefit the lender in the long run.

Bottom line, you have to have the ability to pay and some income coming in. If you don’t, then most likely your lender will suggest a short sale.

Get educated about the process with these blog posts :

Find your lender or the most commented blog posts right here:

Find FREE agreements and forms to download below:

Do you have more foreclosure questions? Click here to find more answers and mortgage help. If you are just looking to find a HUD certified housing counselor or a government agency that can assist you because you don’t have the time or patience to do this on your own, please scroll down below for the largest list of links and free help anywhere on the internet.

Free help, links and government information to save your home:

Can’t get the help you need and deserve? FIGHT BACK!

Department of Housing and Urban Development

Department of Justice (DOJ) 

Federal Housing Administration(FHA)

Federal Trade Commission (FTC}

Internal Revenue Service (IRS)

Office of the Comptroller of the Currency (OCC)

YES, More Loan Modification Help!:

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