(Click “More Info” to see full video script!) www.60MinuteLoanModification visit for a free CD on Mike Rockwood’s experience modifying 5 of his own home loans – and how you can too. Question Mortgage Modification questions on our forums at http Our credit scores have become much more than simply a financial reward for prudent use of credit. With the information explosion of the past 25 years, credit scores have become a measuring stick used by prospective employers, insurers, private investigators, marketers and lenders of all types. Further, during the economic run-up of the past 7 years, a persons FICO score became a status symbol of the new real estate wealthy class. And so, it is with fantastic trepidation that many of us face the flawed prospect of trashing our excellent credit standing by missing payments as part of a real estate workout with the lenders. But, tough times require tough decisions by tough people. And, like in any impending emergency we can minimize the hurt and speed the recovery by understanding it and preparing for it. Specifically, you should know: 1) how the credit rating logic works, 2) how much hurt will be done by a mortgage late payment, small sale, deed-in lieu, foreclosure, and bankruptcy, 3) road-smart ways to minimize the hurt and 4) road-smart ways to speed our recovery. Most of my clients miss 3-5 mortgage payments and most suffer at least a 100-150 point FICO decline. Not fun, not financially rewarding, and not a touch to be proud of …