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Why should I modify?
If you are trying to stop foreclosure, worried about losing your home, have 1,2 or even 3 mortgages on your property or are behind on your mortgage, modification is the best solution. You must act fast. Your lender is willing to work with you and we can provide foreclosure help you regardless of your situation.
What is Mortgage Modification?
Mortgage Modifications are promoted by Congress, banking regulators and the President as a potential way for subprime borrowers to avert foreclosure. A loan modification is when the lender restructures your current mortgage in order to work with you because of a hardship. Short-term financial crunches, job loss, illness or divorce are cases more amenable to Modification and Forbearance.
How can I get a Loan Modification?
We assisting you to obtain mortgage relief from your lender. It is recommended that you start early because you will better your chances of negotiating a new loan, fixed rate and a payment that you can manage.
Is it too late to get started to save my home?
No. If your home has not sold yet, you have a good chance to get a modification on your mortgage. In some cases, we can even stop a short sale process or foreclosure.
Should I try to do this myself?
Remember, there is nothing a Mortgage Modification company can do for you that you can’t do for yourself. However, the process of obtaining a modification can be very stressful, discouraging and it involves a lot of paper work. Your success rate will be much higher by hiring a third party consultant who is familiar with banking procedures, forms and has strong negotiating skills.
Why should I consider modifying my loan before I refinance?
Refinancing a loan requires expenditures such as closing costs, appraisal fees, origination, documentation and other expensive fees. A modification simply restructures your existing loan by changing your rate and mortgage payments.
What should I do if I fall behind on my mortgage payments?
Try to get a modification as soon as possible. The longer you wait, the harder it is for us to help you avoid foreclosure. If your lender has started foreclosure proceeding against you, thousands of dollars in penalties and legal fees can be added to the balance you owe and interest charges are growing on a daily basis. It is also paramount that you preserve you credit history. Do not be afraid to seek help. We are here to help you to stay in your home.
What does foreclosure mean?
If you fail to make your mortgage payments, the lender is determined to issue a court order to sell your property in order to pay of what you owe.
On this website, clients can look up foreclosure laws across the United States. www.foreclosurelaw.com