Dennis Toomey's (dennis2me) Blog

IL – Lenders reject loan modifications only to lose more money when they sell the home after foreclosure. Here is how to prove the loss to them. Get my Free, Step By Step Loan Modification Guide by clicking here. When you request your free loan modification guide, you will have the option of also...

IL – The average American knows very little about what is happening with loan modifications. They think the banks are doing a great job helping people stay in their homes. Get my Free, Step By Step Loan Modification Guide by clicking here. Little does the average American know that the banks are ...

IL – In my opinion, the decision making process most lenders use to approve or deny a loan modification is flawed. It appears that the lenders have one thing in mind when you stop paying. Get my Free, Step By Step Loan Modification Guide by clicking here. They want to foreclose as quickly as pos...

IL – If you're trying to get a loan modification, then you have think like a banker. How you present your finances is the key to success. You’ve got to show them an income that’s not too high and not too low. If you show them too low of an income, they’re going to go “Oh, this guy can’t afford h...

IL – Getting a loan modification accepted is tough. Many that should have be accepted end up rejected. I recently saw a bank foreclose on a 400k mortgage. The house sold for 130k! They would have made more money just cutting the homeowner's payments in half! This kind of stupidity gets on my ner...

IL – Here are the recommended steps to take before you strategically default. We have consulted a financial expert who recommends these steps before strategically defaulting. He believes that taking these steps will reduce the likelihood of your lender pursuing you after a short sale or foreclosu...

IL – Yesterday, we told you about a new program that Fair Isaac, the founder of the FICO score, came out with to tracks strategic defaults. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. If you are thinking about a strategic default, then you must...

IL – Banks must hate Strategic Defaults. A person who walks away from hundreds of thousands of dollars in debt gets on their nerves. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. It must bug them so bad that Fair Isaac, the founder of the FICO sc...

IL – Debt collectors are infamous for multiple phone calls at all hours of the day. One person told the Stop Foreclosure Institute that he would receive several phone calls the first thing Sunday Morning. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking h...

IL – Debt collectors are very creative in their attempts to convince debtors to pay. Fortunately we have the law protecting us called the Fair Debt Collection Practices Act Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. I don't know what happened b...