With the rapid decrease in property values, loss of jobs and other factors that have resulted in many homeowners being behind on their payments, loan modifications are the preferred by banks who are faced with the decision to either foreclose on a property or find an affordable solution that will keep borrowers in their homes.
Unfortunately, mortgage service providers are understaffed and not prepared to handle each situation with the special care and attention each borrower requires.
With some mortgage servicing departments assigning upwards of 800 files per loss mitigation employee, it is obvious that a third party legal loan modification solution is necessary to help keep home owners out of foreclosure.
We know how serious your situation is, and we know how important your home is to you, and that's why it is important to work with an expert law team to quickly find you the best solution.
Please review the steps below in order to complete your loan modification in a timely manner. Please do not hesitate to let us know if you have any questions.
Please give us a call to begin your initial consultation. We need to speak with you to make sure that a loan modification is right for you. If you are experiencing a financial hardship, are unable to make your current mortgage payments, and want to stay in your home, please start by calling us now to see if we can help you.
After your consultation we will send you a hardship package requesting the following information:
We will then review and analyze your information in order to compile a negotiation package to submit to your lender. We will fully analyze your case to before we begin negotiations. Please note that this process my take up to 45 days to complete depending on how fast you provide us with the necessary information.
Our team will submit your financial package to your lenders and begin negotiations. We will continue negotiations until an acceptable agreement has been received and approved by you the homeowner.
When your request is approved, final modification documentation will be sent to you for your approval. We ask that you have at least 2 months of payments saved before your modification is approved to begin on your new payment schedule. Remember, this is not going to happen overnight; however, most cases take about 30 to 60 days to complete. We are here to help you every step of the way. We look forward to working with you.