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by CareyBot

Book Review Title: "Loan Modification for Dummies" Authors: Ralph R. Roberts and Lois Maljak Publisher: Wiley, 2009; 288 pages; $19.99 The subprime, housing and foreclosure 3-in-1 crisis combo meal has spawned a new mortgage vocabulary, the star member of which is the phrase "loan modification," which refers to any change(s) to a mortgage loan's payment or other terms, ostensibly intended to help a distressed homeowner hold onto a home.It sounds simple, but intrepid homeowners who have braved the labyrinthine bizarreness of a mortgage servicer's loss mitigation department during the odyssey that is a loan modification application process know otherwise. It's surprising, then, that very few comprehensive how-to books are devoted to demystifying and illum...