Frequently Asked Questions

What is a Loan Modification?
Loan modifications is a change in one or more of the terms of a loan which restructures the loan without actually refinancing the property in question. In most cases, a distressed borrower and Lender enter a loan modification agreement when it is determined that the current loan parameters can no longer be met by the borrower. A modification can include a change of interest rate, length of loan payback term and even a change in the principal amount owed. Professional home loan modification specialists and Attorney’s that specialize in negotiation with big Mortgage Banks can often help get the best possible deal for a borrower seeking a reduction in his mortgage payment. Get FREE advice and discuss your best Options by clicking here now!

Do I qualify for a Home Loan Modification?
If you have an adjustable rate or interest only loan you should definitely look into having your loan modified as it is very common for lenders to agree to new and more favorable terms for these types of loans. Even if you have a fixed rate mortgage that you are struggling to afford, it is very likely that your lender may be open to modifying your terms to insure you do not go into default on the loan. If you find your current mortgage payment to be unaffordable it is very important for you to act quickly and see if a loan modification can help you before it is too late. We have worked with many people that could have had more or better options if they contacted us before too much time had passed and they put themselves in danger of losing their home. Get Answers Now!

How can a Loan Modification Help Me?
A Loan Modification Program can lower your monthly mortgage payment to make it affordable again which can relieve the incredible strain that the high payment you are currently paying puts on your budget. Imagine how a significantly lower monthly payment could affect your finances and improve the quality of life for you and your family! A mortgage modification is also a very viable tool for avoiding and even stopping foreclosure. Get Help Now!

Does it matter what type of mortgage I have?
No, if you have a mortgage, chances are that we can help you regardless of the type. We specialize in out of court resolutions of government and non-government mortgage delinquencies or home foreclosure claims for homeowners including FHA, Rural Administration, VA, Freddie Mac, Fannie Mae, or conventional loans which have become delinquent. Even private mortgages are eligible for loan modification. No matter what your type loan is, we look forward to helping you modify it. Fill out this quick form to get more information.

Can I just ask my lender for a Loan Modification myself?
Yes you can try to approach your lender and ask them for a loan modification. The problem with this is that many Lenders are not properly set up to handle the massive number of people currently seeking Loan Modifications and many borrowers do not receive the attention that they need from these big banks. Lenders also know that there is a huge difference in negotiating with a distressed homeowner vs. negotiating with a Licensed Attorney that is an expert in Loan Modification and knows what the best acceptable outcome of a loan modification negotiation should be. Having a team of legal professionals fighting for you and your home can result in a faster and much more favorable outcome for you. Have our team of Loan Modification Legal Experts on your side!

Do I have enough time to stop my house from going into foreclosure?
It’s important that you act now if you are behind on house payments and wish to avoid foreclosure. Time is definitely not on your side in this situation. Each day that passes makes it more and more difficult to get a work out agreement with your lender that is optimal for you. The home foreclosure process can take anywhere from a few weeks to many months, depending on your state law and the method of foreclosure your lender chooses to use. We can only help you once you are ready to help yourself. Start Now!

Is Loan Modification the same as Refinancing, Debt Consolidation or debt settlement?
No. They are all very different. Refinancing is the process of applying for a new mortgage which requires a certain amount of equity or down payment, an appraisal on the home and any assortment of bank fees including points, commitment fees, etc. To qualify for a refinance the lender will look at your credit score, and examine your overall financial picture. You must meet an acceptable level of income versus the amount of debt payments you owe to all of your various creditors. In many cases if you are already struggling with your mortgage payments, chances are that you are in a financial position that would get denied for a refinance. The goal of Debt Consolidation is to combine a group of unsecured debts such as credit card balances together to create one payment that is lower than the some of all of the individual previous debt payments. A mortgage is a secured debt and does not fit into such a consolidation plan. Debt Settlement is a process in which your creditors may agree to take a smaller portion of your unsecured debt balances, again this is something that applies to credit card debt, hospital bills, or department store credit. Loan Modification takes the existing loan and changes it to be more realistic for you to pay according to your current finances. Get FREE answers to your Loan Modification Questions!

I have already tried talking with my bank and they seem unwilling to make a deal. Can you still help me?
Yes! This is very common and many of our clients have experienced this kind of inflexibility from their banks before calling us. We get your bank to listen to your needs because they know our legal team of experts is not going to take “NO” for an answer. Our team has mitigated thousands of home foreclosure cases which yields the kind of experience that gives us notable credibility with your lender. Over the years, we have developed positive working relationships with key people in most of the biggest mortgage lenders all over the country. Our integrity and professionalism have earned us a reputation that allows us to be heard when no one else can get through the red tape. We will use our experience and established relationships to your advantage in your loan modification mitigation case.

What is needed for me to start the Loan Modification Process?
The first step is filling out this short information form so we can contact you and go over your options (the consultation is 100% free and you have no obligation to continue the process after we advise you of your options). We will answer all of your questions so you can make a well informed decision on taking the next steps. If you decide to proceed, you will be asked for various documentation regarding your financial situation, your income, and information on your current mortgage. Once you send us the requested paperwork, our Professional Modification Team will take it from there and our Expert Attorneys will negotiate with your lender for the best modification possible on your behalf. Get Started!

How long does the Loan Modification process take?
The process can take anywhere from a few weeks to a few months depending on how quickly you can gather the appropriate documentation and also depending on what bank holds your mortgage. Once a Loan Modification procedure has been initiated, lenders will often halt foreclosure proceedings and freeze additional penalties on your late payments until your mortgage is modified. It is in both the interest of the lender and the borrower to get this process finished as soon as possible. Act Now!

Do you offer any Guarantees?
We are one of the country’s premier Loan Modification Firms and we pride ourselves in our industry topping success rate. If for any reason we can not reach an acceptable Loan Modification Agreement with your lender, you are entitled to receive our money back guarantee. We have set up this program so you have nothing to lose and everything to gain! Lets get started!

How long do I have to act?
Until the foreclosure sale occurs there is still hope. If a sale date for your house has already been set, you are running out of time and really need to act fast. We have stopped sales set for the next day but this is not a situation that you want to get into…it is very risky and some lenders will not agree to it. You're best option is to take action immediately to stop foreclosure before it goes too far. Contact Us!