Welcome to my 60 Minute Loan Modification review!

Threaten foreclosure or bankruptcy.

You will need to be prepared to play hardball. The lender wants as much of their money as they can get, and they know that a loan modification means that they will be losing some of it. You need to show the other options are worse. If you continue down the current path, and do not get a loan modification in place, you’re probably looking at foreclosure. Under a foreclosure, the bank loses even more money. When you mention that one of your other alternatives is simply dragging out a foreclosure for a year, they may become much more interested in a loan modification agreement. Bankruptcy scares the hell out them just as well!