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Loan modification expert author, Mike Rockwood, has renamed Obama’s “Making Homes Affordable Plan” the “Making Banks Profitable Plan.”
Rockwood believes that homeowners who try to fit into the new government guidelines for distressed properties will most-likely be homeless 6 months from now.
So what’s a struggling, over-leveraged, underwater homeowner to do?
Rockwood says, it’s time to stop doing the “responsible” thing, stop making payments, stop worrying about your FICO score—and do anything and everything necessary to get your lender’s attention now!
This means loan modification, short selling your home, or even using died in lieu of foreclosure to fix a bad situation fast.
Critics point the finger at Rockwood’s aggressive tactics claiming that reckless behaviors like these started this financial crisis in the first place—but Mike sees things differently.
The big banks got bailed out to the tune of trillions of dollars, but only a tiny fraction of that is being used to help the real victims of the economic downturn—the homeowners.
So smart homeowners are using street-fighting tactics to get in on the bailout money before it dries up. This means proactively pursuing loan modifications, short sales, and even chargeoffs of 2nd mortgages if needed to protect your family’s financial future.
“Everyone I work with is underwater,” says Rockwood. “Their income is down, their mortgage terms stink, and they’re drowning.” And with over 300,000 homes foreclosing each month, you’ve got to do more than just raise your hand if you want relief.
You need to cut to the front of the line, and that’s what Mike Rockwood’s book, The 60-Minute Loan Modification is all about.
Then listen in on a live teleconference I held with my clients where I shared my secrets to loan modification success. 