MIKE ROCKWOOD (Expert Author)
Mike Rockwood is a California homeowner, father, and real estate professional with over 25 years experience running both large and mid-size companies.
The recent real estate slump of 2007/2008 literally pulled the rug out from under what seemed like a series of extremely smart, strategic real estate deals; and like many Americans, Rockwood owed more on his house than it was worth, with less-than-favorable terms.
To make things worse, Mike had purchased 4 more properties as investments that were even more screwed up than his primary residence. For nearly 6 months, he struggled to choose between foreclosure or short selling his real estate holdings—and then along came loan modification!
In 2008, all the rules changed when the government responded to Main Street’s plea for help and started subsidizing mass bailouts not just for the Wall Street fat cats-but for average people homeowners who suddenly couldn’t afford the roof over their heads.
“The first time I applied,” says Rockwood, “my lender said I didn’t qualify because I wasn’t late on my payments.” There was a long pause on the telephone, and then Mike said, “Then I’ll call you next month.”
And that’s when the gloves came off.
From that day forward, Mike started aggressively fighting the banks, no-holds-barred. To date, Mike has successfully modified loans on all 5 of his properties, some as low as 1% interest, and he continues to coach and teach hundreds of others how to do the same through his book, live events, and weekly teleseminars.
There’s popular belief that says, “You can’t go back and change things… the past is the past.” But with mortgages, right now, that couldn’t be further from the truth. How about a 6.25% rate dropped to 4.25%? How about a monthly payment of $4,600 dropped to $3,200?
Mike did it, and so can you!
Then listen in on a live teleconference I held with my clients where I shared my secrets to loan modification success. 