Description: http://www.60MinuteLoanModification.com – FREE CD shows how I modified loans on all 5 of my properties. My simple system helps you beat the bank, lower your payments, and save your home. CLICK the link above to learn more.
[Below is an excerpt from a live loan modification teleconference]
Ryan: I mean, the truth is that it's just conversations of us talking on the phone and really what could be more boring, right? But it's one of those things like you do it, the first time's always the hardest, and if you go in there with an idea of what you're doing and every single thing isn't new to you. If you know, okay, here's this step. Here's this step. It's a whole other world. Whole other level of confidence.
Mike: Right. Okay then, two more tips. Communicate with firm resolve. If you get the wrong answer -- this is important now. If you get the wrong answer, you think you got to a dead end, you got the wrong answer. Here's my advice. Change the question and ask someone else. It sounds ridiculous, but I can't not tell you how it just plain works. Just call the next day, ask the question in a different way. You're very likely to get a different response. And then lastly always, always divulge as little as possible. Listen very carefully, specially now when the lenders are going so fast.
They are cutting corners left and right. And they're allowing you to take shortcuts to getting loan modifications. So when they offer them, take them. Divulge as little as possible. I always remind people of that Jim Carrey movie, Liar, Liar, where he divulges everything with every cue. You've got to avoid that. Just because you know something doesn't mean you have to share it. So that's my final tip.
So in summary, putting gall those into a few sentences, prepare thoroughly and answer the phone each time the lender calls. Be sure to document important information and keep a good log of who said what, when and what the next steps are. And communicate often and ask questions like crazy. Listen. Be resolved and say and provide as little information as possible. How's that?
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