LoanModDVD now available for distressed homeownersMortgagePress.comLoanModDVD, loan modifications, foreclosures, Amir Fathi, LoanMODulator
Millions of Americans today are seeing their American Dream go
up in smoke as home values plummet and they suddenly find
themselves upside-down on their mortgages. While many are forced to
foreclose on their properties, others try to work with lenders to
modify their loans. They quickly find that the loan modification
process is complex and hard to navigate, so they often turn to
high-priced lawyers in an attempt to find help. Now, a team of
industry professionals has developed LoanModDVD, an affordable
do-it-yourself tool that provides borrowers with step-by-step
instructions, patented online software and all the necessary forms
needed to apply for a loan modification themselves.
LoanModDVD.com was created by a team of real estate and mortgage
professionals with the intention of making the loan modification
process easy and affordable. Over the last two decades, the team
had seen many industry professionals, including attorneys and loan
servicers, take advantage of the declining housing market as an
opportunity to "cash in" on the growing need, charging upwards of
$10,000 to do loan modifications.
"Our goal, not only as the creators of LoanModDVD but also as
industry professionals, is to help halt the ongoing foreclosure
rate that is hurting this country so much," said Amir Fathi,
co-founder of LoanModDVD. "We are committed to providing troubled
home owners with the necessary information and tools needed to
successfully obtain a loan modification without paying thousands of
dollars they cant afford."
The DVD includes:
• A comprehensive step-by-step DVD Guide to modifying your
loan
• Online "Loanmodulator" software that helps with loan
modification calculations and provides the new proposed interest
rate you will need to offer your lender
• Sample "Hardship Letter" and Loan Proposal Worksheet
• Individually customized Income and Expense Worksheet
• Inside tips on exercising your legal rights without
consulting attorneys
Another factor making loan modifications exceedingly complex is
the difficulty in getting straight answers as to where to apply and
how. "Most lenders are currently being overwhelmed by loan
modification inquiries," added Maz Badie, co-founder, LoanModDVD.
"Many are understaffed and are using banking customer service
representatives to answer questions regarding loan modification,
most of whom are not knowledgeable enough to properly answer your
questions over the phone. LoanmodDVD will teach you how to submit a
professional loan modification proposal that goes directly to a
loss mitigation underwriter, not just a customer service
representative."
LoanModDVD was developed by Amir Fathi, Maz Badie and a team of
other industry professionals. Since 2005, Amir has been president
and CEO of Silverstone Investment Group, a real estate investment
firm specializing in AAA rated credit lending for commercial and
residential lending. Maz is the president and CEO of Exclusive
Partners Inc., a real estate firm in Los Angeles, which he founded
in 2003.
"Over the last couple of years, thousands of people have been
coming to us, asking for help in modifying their loans," continued
Maz. "These people are faced with losing everything theyve worked
their whole lives for, and many people want to charge them even
more just to submit applications with no guarantees of
success."
"We created LoanModDVD so that people could take their destinies
back into their own hands," concluded Amir. "We really do want to
make a difference for the millions of families out there and
provide the peace of mind that comes with knowing that YOU are
doing everything you can to save your home."
If used properly, LoanModDVD can lower mortgage rates
dramatically and reduce payments by up to 40 percent. Homeowners
can also convert their unstable adjustable loan to a more permanent
fixed loan. They can combine a first and second mortgage into one
low fixed rate. Of course, results will vary due to different loan
amounts, loan types, and interest rates, but the patented
LoanMODulator software will calculate what type of rate and payment
homeowners should ask for in their package.
Homeowners do not need to be in foreclosure to apply for a
modification. Right now, most lenders will allow borrowers to
modify their loans even if they are not late as long as they can
prove their current hardship. LoanModDVD will show homeowners how
to properly put together the right type of loan modification
package which can get their proposal approved without needing to be
late.
For more information, visit www.loanmoddvd.com.
