Seminars

Whether You Are Facing Foreclosure or Want to Lower Your Payments, You Need to Attend Our Seminar.

MPowerMe Inc. is dedicated to empowering homeowners by educating them about foreclosure prevention and loan modifications. You will learn what new loan program may be best for you and how to qualify. We will reveal the secrets about the lenders’ criteria for qualification and how to compile a successful package for submission. You will learn what to say when you contact your lender and how to speed up the process. Take matters into your own hands and protect what’s most important: Your Home, Family and Dignity.

Below is a sample agenda for our seminar:

MPowerMe Loan Modification and Foreclosure Prevention Seminar Agenda

Introduction – Why are we in a Mortgage Crisis? What are your goals? Where do you see yourself now and in the future? Go over the materials in the workbook. Read Testimonials, these are some of the results we’ve achieved with the methods you’re going to learn today.

1. Foreclosure Timeline.
2. Who’s Who & What’s What — A detailed discussion on the roles of the players involved in a loan modification and an explanation of the terms.
3. Loan Modification Programs — The new Obama HASP program (Homeowner Affordability and Stability Plan). Hope for Homeowners Program, Standard Loan Modifications, Forbearance Programs, Repayment Programs, Short-sale and Deed-in-Lieu Programs.

4. What the Lender/Servicer Is Looking For? — A discussion on the logic of a loan modification from the lenders’ perspective, what documentation they need and why.

   Break

5. The Hardship Letter — What constitutes a viable hardship and how to write your hardship letter?
6. The Monthly Income and Expense Statement (Budget) — What numbers are the lender looking for? Budgets that work. The documents needed to support your financial statement. What is a qualifying ratio? What is a front-end and back-end ratio?
7. The First Call to the Servicer — Who are you talking to? Getting through the first qualification hurdle. What is the desired outcome? Taking notes. If you don’t have a good experience, call back and talk to a different representative.
8. Sending Your Documentation to the Lender — Understanding the lenders’ requirements, labeling your documents and confirming receipt. How does the lender lose your documents?
9. The Waiting Period — What happens now? Why does it take so long? What can you do to speed up the process? Should you make your mortgage payments? Following up with the lender.

10. Lien Priority — What is lien priority? How to re-negotiate the 2^nd and/or 3^rd lien?

    Break

11. You’ve Been Approved! — What happens after they approve your loan modification? Your new loan agreement: what to look for. Signing the documents. Your first payment.
12. A New Beginning — This is an opportunity to change your financial life forever. Use your Budget wisely. Building stability for your future.
13. What if You’re Denied — Find out why. Fixing the problem. Resubmitting your request. Don’t take no for an answer! Negotiating with Lender/Servicer. Escalating your case to a higher authority.
14. Delaying the Sale Date — Strategies for delaying the Foreclosure Sale Date. Bankruptcy filings and their consequences.

15. What if You Lose Your Job After You’ve Been Approved? — How do you work with your lender? Forbearance & Repayment plans. Can you Request another loan modification?

    Break

16. Exit Strategies — Foreclosure is not the end of the world. What if you no longer want the house? Foreclosure time-line. Short-sale and Deed-in-lieu. What happens after a foreclosure? When do you have to leave? Cash for Keys program.
17. Starting Over — Re-group! Will you ever be able to buy again? What happens to your credit? Re-establishing your credit.
18. Review of Key Points