Attorney Negotiated Mortgage Loan Modification for Home Owners. Expert Advice on Real Estate and Finance. get out of Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To RealEstateMarketingThisWeek.com Part 6 (Excerpt) Using Retirement Funds to pay your Mortgage is just a terrible thought Get a Loan Modification So it doesnt matter if it is a $100000 property or a $500000 property the cost to the lender is $50000 on the mean nationally. So the thought of the upside down scenario, you may see banks more willing to entertain a broader audience of loan modifications or a broader request of loan modifications based on the fact that they know that now, what we are calling toxic assets, not only exist on their balance sheets, but they want to do a touch to dodge the additional cost of foreclosing on the property, to dodge the additional impression on our economy nationally with all these foreclosures mounting. So a loan modification that may not be the best or most ideal candidate today, dont toss the option completely out of the window. And to that point I would never tell a home owner to stop building their payments just to get a better loan modification, because as of today, this may not be the case two weeks or two months from now, but as of today, your servicer is not going to entertain a loan modification except youre late in most cases. Heres the situation, though at first you may get mad at that and they get mad at me for it, but the reality of it is we have a real problem now with …