Username:   Remember Me

Uber Articles {Über (ger) adj. above, beyond }

- Above and Beyond a Mere Article Directory


Loan Modification? Don’t Allow Your Lender To Take Advantage Of You.

By Ben Curry

Many people think you will have a better opportunity of getting a loan modification if you pay up some of your back payments. It all depends on who you are talking to at your lender. When you first get behind on your payments, you will be dealing with the collections department. In my opinion, these people will tell you anything, just to get you to pay a dime. Let me explain.

Their job is to collect as much money as possible. It’s in the lender’s best interest to get you to pay them anything. They don’t want to approve a loan modification until they absolutely have to. Loan modifications mean they have to hire on more employees. That costs money. Not good for the balance sheet.

They want everyone behind on payments to catch up. If they can do that without a loan modification, then great. They just want to get payments coming in. “Just get people to pay anything. The more the better”, the managers say.

Most lenders take a month or longer to even look at your loan modification file. They can’t approve a loan modification until someone processes the file. In the meantime, the collection people are still calling. Those collections people want to get paid. But, they are trying to get money before your loan modification even has a chance of getting looked at. This is why you have a better chance of getting a solid loan modification when you are behind on payments.

Our Gainesville loan modification kit has the information on how to make the argument. We show them that they will make more money by accepting your loan modification versus foreclosing on the house. They’re in the business of making money, right? That is why this strategy works. Get more info at

Thanks for reading this, Chris Curry.

Chris is a real estate agent at Keller Williams Realty.

Phone: (386) 719-2330.

Learn more about keyword #1. Stop by Ben Curry’s site where you can find out all about keyword #2 and what it can do for you.

Article kindly provided by

Topics: Real Estate | Comments Off

Tags: , , , , , ,

Article Citation
MLA Style Citation:
Curry, Ben "Loan Modification? Don’t Allow Your Lender To Take Advantage Of You.." Loan Modification? Don’t Allow Your Lender To Take Advantage Of You.. 7 Jul. 2010. 3 Dec 2014 <>.

APA Style Citation:
Curry, B (2010, July 7). Loan Modification? Don’t Allow Your Lender To Take Advantage Of You.. Retrieved December 3, 2014, from

Chicago Style Citation:
Curry, Ben "Loan Modification? Don’t Allow Your Lender To Take Advantage Of You."

Reprint Rights

Creative Commons License
This article is subject to a revocable license under a Creative Commons Attribution-No Derivative Works 3.0 Unported License, which means you may freely reprint it, in its entirety, provided you include the author's resource box along with LIVE VISIBLE links (without "nofollow" tags). We may revoke the license at any time with or without cause. You must also include the credit to

Comments are closed.

Uber Articles and its partner sites cannot be held responsible for either the content nor the originality of any articles. If you believe the article has been stolen from you without your permission, please contact us and we will remove it immediately. If you have a problem with the accuracy or otherwise of the content of an article, please contact the author, not us! Also, please remember that any opinions and ideas presented in any of the articles are those of the author and cannot be taken to represent the opinions of Uber Articles. All articles are provided for informational purposes only. None of them should be relied upon for medical, psychological, financial, legal, or other professional advice. If you need professional advice, see a professional. We cannot be held responsible for any use or misuse you make of the articles, nor can we be held responsible for any claims for earnings, cures, or other results that the article might make.
  • RSS Feed

    RSS for Real Estate