FAQs

What is a Loan Modification?

A Loan Modification is a permanent change in one or more of the terms of a mortgagor’s loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford.

Can’t I just do this Myself?

You should never negotiate with your lender alone. There are many ways that we can help ensure that you receive the best outcome for your situation. Often, when individuals try to modify their loans without assistance, they are forced into a no-win situation. Please, before taking any action, contact us for help.

How does this work?

If a homeowner recieves a successful loan modification, they keep their home and remain contracted with their existing mortgage lender. Only the terms of the loan are altered in order to better assist the homeowner in managing more affordable payments on time.

FIRST, apply online through this website and fill out our short, but detailed pre-application form. One of our consultants will call to confirm the submission and answer any further questions before submission to our attorneys for qualification. Filling out the pre-qualification form only take about 5 minutes if you have your mortgage information handy. Results of your submission to the attorneys currently run 24-72 hours depending on the volume of applications at this time.
Forms that you need to accomplish will be emailed to you. We will also be needing copies of the following financial documents sent to us:

Documentation of everything that relates to income and expenses:

-last four pay stubs or at least a month?s income

-W2s and tax returns

-bank statements

-utility bills, auto payments

-credit cards, student loans

-medical bills

-employer’s notification of reduced hours or a layoff

***Correspondences from your lender including the envelopes as postmarks sometimes can make the difference.

Once we have completed our research and analysis, we will work to restructure your loan:

NO APPRAISALS/NO EQUITY REQUIRED
NO CREDIT CHECK/NO FICO SCORE REQUIREMENTS
NO REFINANCING/ONE TIME, FLAT FEE FOR SERVICES

Our in-house counsel will take steps to show your lender that your current financial situation hinders you to meet the requirements of your present loan. We will at the same time, negotiate with your lender to qualify you for a loan modification with a 2-4% interest rate lower than the original rate charged without refinancing or running a credit check. While we negotiate a solution to your problem, you can relax and focus on more important tasks, such as work and family.

Exact modification is not guaranteed but we can assure you that the modified loan will place you in a more favorable position enabling you to save your home. Our success is astounding and you will see deliverance from your present financial set-back within a couple of weeks. Another advantage of this process is that you may be allowed to skip a month?s mortgage payment. This is our way of helping you out get back on your feet. Since lenders would not be happy to foreclosure your home as this would also mean a lost on their part, through our competent and versed attorneys, we?re confident that we will be able to achieve for you a loan modification through a recognizable reduced mortgage payments.

PERFECT CANDIDATES…
30, 60 or 90+ days down
Behind on a HELOC
Adjustable Rate or about to adjust
Loan is worth more than what house is worth
Struggling to make the payments based off documented income
Self Employed and have minimal income on paper
Laid off, excessive bills, illness, death, reduction in income and more
Anyone in a subprime adjustable loan written in the last 3 years.