It seems like lenders grant or deny loan modifications at random, but there is a set of criteria that they follow, that until now has been a bit of mystery.

Our guest on this week's Crushing Debt Podcast, Sue Reynolds, a Realtor with Archer Realty, created a worksheet using the bank's formulas to support when clients should qualify for a loan modification.

Sue created the Homeowner Expense Analysis Worksheet to use as a supporting document in applications for loan modifications and short sales. The Expense Worksheet is a budget worksheet that helps predict when a modification should be denied or approved. Sue has allowed me to share the worksheet with you!

Go to www.ShawnMYesner.com/ExpenseWorksheet to get your free copy. You can also contact Sue at [email protected], or contact me at [email protected] to learn how to use the worksheet and what to avoid when using the worksheet.

In today's episode, you'll also learn what loss mitigation is and what they do.

Please remember to visit our sponsor, Sam Cohen at [email protected] or www.AttorneysFirst.com.