
What is loan modification?
A Loan Modification is the reduction in one or more of the following: Interest Rate; Principal Balance; Penalties. It also must bring the account current, creating a fresh start for the borrower. A Loan Modification will create a current account and give you the ability to keep your home. A Loan Modification is permanent. A new contract is drawn up with the revise terms and you and the lender will be expected to adhere to the new conditions.
Time is critical and none of us have enough to spare
Between work, family, social responsibilities and everything else life throws at us, do you have the time required to accomplish a loan modification? Probably not. There’s no getting around it, you will have to spend some time figuring out your financial picture and discussing your situation with us. Otherwise, you can leave the rest to us. We’ll worry about lender negotiations. We’ll worry about staying on top of the process. While you’re busy living the other aspects of your life, we will be working to help your home stay yours..
The negotiation takes some expertise
A lender is already leery of your ability to pay your mortgage because you have missed payments. They are going to be detail-oriented when considering your application for a loan modification and will want hard proof that you will be able to handle the new terms. In other words, you’ll need to dot each ‘i’ and cross every ‘t’. We have developed forms that make sure you cover every part of the process and don’t miss a single thing. Can you say that in conducting your own negotiations that you are confident you have done everything the lender requires? Our team of professional negotiators is ready to begin working on your case.*
In order to get started please contact us at (888) 611-HOPE. .
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*Loan Modification services provided by independent licensed attorneys pursuant to signed professional services fee agreement with the consumer.