Loudoun to Winchester VA - The Stop Foreclosure recently received a question from Grant. Here was his question.



"I have an FHA loan and want to get a loan modification. My bank is playing hardball and won't modify the loan at all. My friend got a loan modification and said it was pretty easy. What can I do to modify my loan?" Grant.



Get my Free, Step By Step Loan Modification Guide by clicking here.



Here is the answer. I don't know the specific rules for FHA Loan Modifications. But, I do know how to find them. Here is what I have learned about FHA Loan Modifications and FHA Short Sales.



The FHA Program takes the loss on any short sales or loan modifications. Because of that they get to make the decisions on how loan mods and short sales are implemented.



The FHA program is administered by the Federal Department of Housing and Urban Development. Most people call it "HUD." HUD has specific employees that administer the FHA Loan Program.



Those employees do not review loan modifications or short sales themselves. Instead, they give specific written instructions to the lenders that handle the loans.



These specific instructions are called Mortgagee Letters. If the lender wants to be reimbursed for any loss by the FHA Insurance, then they must follow the instructions.



They issue updates to their directions regularly with new Mortgagee Letters.



Here is the bottom line. Your lender has to follow those written instructions. The good news is that you and I can access and read thru these letters online.



To find out the specific rules for an FHA Loan Modification, you will have to read thru the following Mortgagee Letters. Mortgagee Letter 2009-35, Mortgagee Letter 2000-05, Mortgagee Letter 2002-17, Mortgagee Letter 2008-21, Mortgagee Letter 2010-11, and Mortgagee Letter 2009-23.



I just found some good information in Mortgagee Letter 2002-17. "At no time shall the loan be considered delinquent solely because the borrower has not paid late fees or other foreclosure costs."



I have seen lenders put a borrower into default status and charge late fees on late fees. One late fee can blossom into thousands of dollars in charges. It looks like FHA doesn't like that practice.



There are probably a total of 40-50 pages that you will need to read thru. But, because you know the rules you will have the upper hand in any negotiations with your lender.



I think that is worth spending a little extra time reading thru everything.



Thinking about a loan modification?Our Loudoun to Winchester loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet.  Send me an e-mail at cindygreenya@gmail.com to request a Free Copy.



Or, click here to request a copy.



Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at cindygreenya@gmail.com. I will contact you for a free consultation.



When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 703-795-5904



Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.



Thanks for reading this, Cindy Greenya.



Cindy is a Real Estate Agent at EXIT Realty Talbot & Company. Loudoun to Winchester Short Sales Realtor:



Phone: 703-795-5904. cindygreenya@gmail.com.



Opening Doors from Loudoun to Winchester



View My homes for sale at www.Loudoun2Winchester.com.



Cindy Greenya specializes in loan modification assistance and short sales in Loudoun Virginia. Loudoun Loan Modification Help, Loudoun Short Sales. Loudoun Short Sale Realtor. Winchester VA Loan Modification Help, Winchester VA Short Sales. Winchester VA Short Sale Realtor. Berryville VA Loan Modification Help, Berryville VA Short Sales. Berryville VA Short Sale Realtor. Round Hill VA Loan Modification Help, Round Hill VA Short Sales. Round Hill VA Short Sale Realtor. Purcellville VA Loan Modification Help, Purcellville VA Short Sales. Purcellville VA Short Sale Realtor. Loudoun to Winchester VA Short Sales. Loudoun to Winchester Realtor.







Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.



Important Notice



Cindy Greenya, EXIT Realty Talbot & Company, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?



Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.



However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.



We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.



This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.



You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.



The views expressed here are Cindy's personal views and do not reflect the views of EXIT Realty Talbot & Company.



This information on Loudoun to Winchester Loan Mod Question: How Do I Get A Loan Mod On An FHA Loan? is provided as a courtesy to our viewers to help them make informed decisions.



<a href="http://gainesvilleloanmodhelp.com/wp-content/uploads/2011/08/FHA-logo.png"><img class="alignright size-medium wp-image-173" title="FHA-logo" src="http://gainesvilleloanmodhelp.com/wp-content/uploads/2011/08/FHA-logo-300x187.png" alt="" width="300" height="187" /></a>
Loudoun to Winchester VA - The Stop Foreclosure recently received a question from Grant. Here was his question.

"I have an FHA loan and want to get a loan modification. My bank is playing hardball and won't modify the loan at all. My friend got a loan modification and said it was pretty easy. What can I do to modify my loan?" Grant.

<a href="http://stopforeclosureinstituteLoudonWinchester.info/loan-modification-secrets.html">Get my Free, Step By Step Loan Modification Guide by clicking here.</a>

<strong>Here is the answer.</strong> I don't know the specific rules for FHA Loan Modifications. But, I do know how to find them. Here is what I have learned about FHA Loan Modifications and FHA Short Sales.

The FHA Program takes the loss on any short sales or loan modifications. Because of that they get to make the decisions on how loan mods and short sales are implemented.

The FHA program is administered by the Federal Department of Housing and Urban Development. Most people call it "HUD." HUD has specific employees that administer the FHA Loan Program.

Those employees do not review loan modifications or short sales themselves. Instead, they give specific written instructions to the lenders that handle the loans.

These specific instructions are called Mortgagee Letters. If the lender wants to be reimbursed for any loss by the FHA Insurance, then they must follow the instructions.

They issue updates to their directions regularly with new Mortgagee Letters.

<strong>Here is the bottom line.</strong> Your lender has to follow those written instructions. The good news is that you and I can access and read thru these letters online.

To find out the specific rules for an FHA Loan Modification, you will have to read thru the following Mortgagee Letters. Mortgagee Letter 2009-35, Mortgagee Letter 2000-05, Mortgagee Letter 2002-17, Mortgagee Letter 2008-21, Mortgagee Letter 2010-11, and Mortgagee Letter 2009-23.

<strong>I just found some good information in Mortgagee Letter 2002-17.</strong> "At no time shall the loan be considered delinquent solely because the borrower has not paid late fees or other foreclosure costs."

I have seen lenders put a borrower into default status and charge late fees on late fees. One late fee can blossom into thousands of dollars in charges. It looks like FHA doesn't like that practice.

There are probably a total of 40-50 pages that you will need to read thru. But, because you know the rules you will have the upper hand in any negotiations with your lender.

I think that is worth spending a little extra time reading thru everything.

<strong>Thinking about a loan modification?</strong>Our Loudoun to Winchester loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at <a onClick="if(window.location==top.location){Popup.composeWindow('pcompose.php?sendto=cindygreenya%40gmail.com');}else{top.Popup.composeWindow('pcompose.php?sendto=cindygreenya%40gmail.com');}; return false;" href="mailto:cindygreenya@gmail.com">cindygreenya@gmail.com</a> to request a Free Copy.

Or, <a href="http://stopforeclosureinstituteLoudonWinchester.info/loan-modification-secrets.html">click here to request a copy.</a>

<strong>Thinking about a short sale?</strong> I can help you short sale your property so you can move on with your life. Send me an e-mail at <a onClick="if(window.location==top.location){Popup.composeWindow('pcompose.php?sendto=cindygreenya%40gmail.com');}else{top.Popup.composeWindow('pcompose.php?sendto=cindygreenya%40gmail.com');}; return false;" href="mailto:cindygreenya@gmail.com">cindygreenya@gmail.com</a>. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 703-795-5904

Discover how other sellers successfully completed a short sale and request a free consultation by <a href="http://stopforeclosureinstituteLoudonWinchester.info/short-sale.html">clicking here</a>.

Thanks for reading this, Cindy Greenya.

Cindy is a Real Estate Agent at EXIT Realty Talbot & Company. Loudoun to Winchester Short Sales Realtor:

Phone: 703-795-5904. <a onClick="if(window.location==top.location){Popup.composeWindow('pcompose.php?sendto=cindygreenya%40gmail.com');}else{top.Popup.composeWindow('pcompose.php?sendto=cindygreenya%40gmail.com');}; return false;" href="mailto:cindygreenya@gmail.com">cindygreenya@gmail.com</a>.

Opening Doors from Loudoun to Winchester

View My homes for sale at <a href="http://www.Loudoun2Winchester.com">www.Loudoun2Winchester.com</a>.

Cindy Greenya specializes in loan modification assistance and short sales in Loudoun Virginia. Loudoun Loan Modification Help, Loudoun Short Sales. Loudoun Short Sale Realtor. Winchester VA Loan Modification Help, Winchester VA Short Sales. Winchester VA Short Sale Realtor. Berryville VA Loan Modification Help, Berryville VA Short Sales. Berryville VA Short Sale Realtor. Round Hill VA Loan Modification Help, Round Hill VA Short Sales. Round Hill VA Short Sale Realtor. Purcellville VA Loan Modification Help, Purcellville VA Short Sales. Purcellville VA Short Sale Realtor. Loudoun to Winchester VA Short Sales. Loudoun to Winchester Realtor.



Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

<font size="+2"><strong>Important Notice</strong></font>

Cindy Greenya, EXIT Realty Talbot & Company, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Cindy's personal views and do not reflect the views of EXIT Realty Talbot & Company.

This information on Loudoun to Winchester Loan Mod Question: How Do I Get A Loan Mod On An FHA Loan? is provided as a courtesy to our viewers to help them make informed decisions.