FREE Loan Modification Webinar & Modification Sample Results

By
Education & Training with Best Short Sales

Date:  January 22nd

Time: 4:00pm PST

Location: The web. click here to sign up.

I am glad you are interested in loan modifications.  This service is in high demand.  If you have not signed up yet, click here to sign up.  You will get an invite to the event Wednesday afternoon and Thursday morning.  Feel free to forward the invite and/or this email to your friends.  To sign up for the web event go to http://www.nwloanmodnet.com/Webinar.html.

Webinar Outline

3:50pm PST - Start Login. 

  • Open line conversation.

4:00pm PST - Begin Event.

  • Intro to loan modification
  • Market size and statistics
  • Qualifying clients
  • Intake form
  • Using loan modification analytics calculator
  • Sample loan modification package
  • Question and answers
  • Real estate law and consumer protection law compliance
  • Presented by
  • Oscar Morante  - Real estate agent
  • Mikel Erdman - Mortgage broker
  • Christopher Schwindt - Real estate attorney

5:00pm PST - Finish

 

Completed Loan Modification Result Examples

Loan Modification Example #1

Original

  • Balance = $275,000.00
  • Interest rate = 8.41% (Adj.)
  • Loan term = 30 years
  • Monthly payment = $2,096.99

Modified

  • Balance = $275,000.00
  • Interest rate = 4.50% (F.R.)
  • Loan term = 40 years
  • Monthly payment = $1,236.30

Loan Modification Example #2  

Original

  • Balance = $675,000.00
  • Interest rate = 7.875% (Adj.)
  • Loan term = 30 years
  • Monthly payment = $4,894.22  

Modified

  • Balance = $675,000.00
  • Interest rate = 6.00% (F.R.)
  • Loan term = 30 years
  • Monthly payment = $4,046.97 (With I/O option for 5 years)

Loan Modification Example #3

 Original

  • Balance = $165,000.00
  • Interest rate = 8.125% (Adj.)
  • Loan term = 20 years
  • Monthly payment = $1,392.99  

Modified

  • Balance = $165,000.00
  • Interest rate = 5.875% (F.R.)
  • Loan term = 30 years
  • Monthly payment = $976.04 (Client received 6 month abatement with zero payment for first six months of modification.) 

www.bestshortsales.com www.oscarpdx.com www.rapidforeclosuredata.com www.shortsaleprocessing.com www.nwloanmodnet.com

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Topic:
ActiveRain Community
Groups:
Foreclosures & Short Sales
Pre-foreclosure Market
Pre-foreclosures
Short Sale REALTORS®
Short Sale Specialists & Pre-Foreclosure Education
Tags:
loan modification training and webinar
loan modification results
loan modifications
loand modification documents
services
agents

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Ambassador
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Jon Zolsky, Daytona Beach, FL
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

Oscar,

Sounds interesting. I am signing up. Looks like this is somethig that we will hear a lot in the coming onths and maybe years.

January 19, 2009 09:31 PM
Anonymous
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Rainer
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Oscar Morante

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