New Loan Modification Software Launched

January 13, 2009 at 1:05 am 2 comments

Last week in Phoenix, I witnessed the launch of a new software program called “Loan Mod Exposed“. For much less than what a home owner would normally pay a professionally negotiator, one can purchase this do-it-yourself software. The software is able to determine if your financial situation is a strong candidate for a successful loan modification or if you are a candidate for denial.

The software CD-ROM comes with a book and walks the home owner through filling out the different documents required by your particular lender to process a loan modification, similar to what Turbo Tax or Tax Cut software would do for taxes. It makes you aware if dollar amounts you enter do not make sense or need recalculation. If your financial profile does not fit the criteria set forth by your lender to approve a loan modification, the software provides you with suggestions on how to adjust your numbers to conform with your lender’s requirements.

This software is the first that I have seen in this arena. It’s interesting and exciting to know this new program exists, especially for those who are thinking of a loan modification and don’t know what first steps to take. This software hopes to educate homeowners regarding their lender’s guidelines prior to seeking the assistance of a professional negotiator. Eventually, this can save the homeowner money if he or she decides to take on responsibility for the documents all the way to the lender.

Only mortgage brokers and lawyers are qualified by law to negotiate loan modifications on behalf of home owners. Realtors are not qualified to modify loans; however it is acceptable for the home owners to negotiate their own loan modification with their lender.

The new Loan Mod Exposed software will be available for sale soon. For more information about this new program, contact Duc Nguyen at (520) 977-3853 or email duc@cenpaco.com.

Entry filed under: Arizona Real Estate, Foreclosures & Short Sales, Uncategorized. Tags: , , , .

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2 Comments Add your own

  • 1. Rich  |  January 21, 2009 at 7:31 am

    I have seen this software in action and it is incredible that they came up with a sweet do-it-yourself formula. Very good Buy!

    Reply
  • 2. Tuan Dihn  |  March 29, 2009 at 3:23 pm

    Xin chao anh Duc

    Khi nao co seminar xin anh cho minh biet.

    My cell phone 480-30-77-111

    Reply

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